Streetbeat News

Corporate Responsibility

AMLI

American Lithium has announced proactive steps, including cost-cutting measures, to adapt to evolving market conditions. This move is likely in response to changes in the lithium market, which could impact the company's financial performance and stock price.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 9:34 pm

LECO

Lincoln Electric's Board has elected Steven Hedlund, the current CEO, to succeed Christopher Mapes as Chair, effective January 1, 2025. Mapes will retire from his position as Executive Chair and Board member on December 31, 2024. Hedlund will continue as President and CEO.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 8:33 pm

LZB

La-Z-Boy has announced that Taylor Luebke will succeed Bob Lucian as Senior Vice President and CFO, starting January 1, 2025. Bob Lucian will retire at the end of the fiscal year on April 26, 2025.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 8:31 pm

PDM

Piedmont Office Realty Trust announced that its properties suffered virtually no damage from Hurricane Milton, and all personnel in affected areas are safe.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 8:17 pm

TD

TD Bank announced a balance sheet restructuring for FY25, aiming to reduce assets by about 10% through managing down or selling certain loan portfolios. The incoming CEO acknowledges the challenges but emphasizes the need for these changes to strengthen the bank's foundation.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 7:01 pm

HCA

HCA Florida Healthcare announced that HCA Florida Largo Hospital sustained flooding in its basement due to Hurricane Milton. The hospital has temporarily closed and suspended all services.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 5:17 pm

DJT

SPY

Donald Trump plans to propose making interest on car loans fully tax-deductible and introducing a 'Made In America' corporate tax rate of 15% for U.S. manufacturers. This proposal is expected to be announced in an upcoming speech in Detroit.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 4:40 pm

C

Citigroup has established a new banking executive team, as revealed in an internal memo seen by Reuters. This move is part of the company's efforts to streamline its operations and enhance its leadership structure.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 4:35 pm

NET

Cloudflare shares rise as the company appoints a new president of product & engineering, aiming to accelerate growth towards $5 billion in annual recurring revenue.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 2:50 pm

PFE

Starboard Value LP, a significant shareholder of Pfizer, has issued a letter to Pfizer's Board, expressing concerns about the company's direction and urging an investigation into alleged threats against former executives. Concurrently, Pfizer announced positive results from its TALAPRO-2 study, showing significant improvement in survival rates for prostate cancer patients.

Portfolio Pulse from Vandana Singh

October 10, 2024 | 2:44 pm