Streetbeat News

Corporate Responsibility

VERB

Verb Technology shares are experiencing an uptick following a shareholder letter from the CEO, which emphasized the company's cash balance and suggested that the stock is undervalued.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 3:49 pm

E

USO

ENI's CEO emphasizes the importance of nuclear power for Europe's decarbonization and notes limited pressure from OPEC on oil cuts. The CEO also highlights U.S. investment funds' support for ENI's 'Satellite' strategy and the rapid progress in spinning off businesses.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 3:31 pm

COHR

Coherent shares rose following the announcement of a new CFO, indicating positive investor sentiment towards the leadership change.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 2:45 pm

WFC

Wells Fargo CEO Charlie Scharf stated that the U.S. economy remains strong. He also addressed concerns about anti-money laundering enforcement actions, emphasizing that the bank takes such issues 'extremely seriously.'

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 2:42 pm

STLA

Stellantis CEO has confirmed that the company has no plans to sell its luxury car brand, Maserati. This statement clarifies any speculation about potential divestment of Maserati by Stellantis.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 2:20 pm

STLA

Stellantis N.V. (NYSE:STLA) is undergoing significant leadership changes as it begins the search for a new CEO to replace Carlos Tavares, who plans to retire in 2026. The company has also announced several key management appointments and organizational changes. Stellantis shares are trading lower, down 3.65%, following these announcements and recent challenges, including a recall and a lowered 2024 operating margin outlook.

Portfolio Pulse from Lekha Gupta

October 11, 2024 | 2:01 pm

JPM

JPMorgan CEO has stated there is 'no chance' of acquiring a private label credit card, indicating the bank's current strategic focus does not include expanding into this area.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 1:31 pm

KNDI

Kandi Technologies has approved new initiatives and a growth plan for 2025-2029 under new management. This strategic move aims to enhance the company's future growth prospects.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 1:03 pm

TYGO

Tigo Energy has appointed Anita Chang as the Chief Operating Officer. Chang, who previously served as COO from 2020 to 2023, will lead global manufacturing operations.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 1:02 pm

BX

GS

GSK

HLN

JNJ

KVUE

MS

SNY

Sanofi is negotiating with Clayton Dubilier & Rice to sell a 50% stake in its consumer healthcare unit, Opella, for approximately $16.4 billion. This move aligns with Sanofi's strategy to focus on innovative medicines and vaccines. Goldman Sachs and Morgan Stanley are preparing debt financing for potential buyers.

Portfolio Pulse from Vandana Singh

October 11, 2024 | 12:57 pm