Streetbeat News

Corporate Responsibility

AKYA

Akoya Biosciences has appointed Scott Mendel as the new Chairman of its Board of Directors, effective October 2, 2024. Mendel, who has been on the board since June 2021, brings over 30 years of financial and operational management experience.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 8:02 pm

BA

Two U.S. Senators have criticized the Justice Department's plea agreement with Boeing, urging action against executives responsible for safety failures. This criticism highlights ongoing scrutiny of Boeing's handling of safety issues.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 6:43 pm

BA

Boeing Co (NYSE:BA) has decided to cut health care benefits for 33,000 workers amid an ongoing strike, a move criticized by the workers' union as 'unnecessary and cruel'. The decision has heightened tensions in the labor dispute, with union leaders and Sen. Bernie Sanders condemning the action as corporate greed. Boeing faces financial strain from the strike, including potential furloughs and a $10 billion stock issuance.

Portfolio Pulse from Michael Cohen

October 03, 2024 | 4:53 pm

SPY

The ongoing strike at East and Gulf Coast ports is causing significant supply chain disruptions. Shipping containers are being misrouted, surcharges are increasing, and inland transportation costs are rising. A major grocery chain CEO warns of potential shortages and price hikes on certain items.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 4:36 pm

GILD

Gilead Sciences is donating approximately 5,000 vials of Remdesivir to Rwanda for emergency use in response to the Marburg virus disease outbreak.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 3:20 pm

NGVT

Ingevity's shares are trading lower following the announcement of the departure of John Forston, the company's president and CEO.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 3:00 pm

HSBC

HSBC is implementing cost-cutting measures by canceling some internal events and restricting travel. This move is part of the bank's broader strategy to manage expenses more effectively.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 2:41 pm

VVPR

VivoPower's subsidiary, Tembo, has entered a definitive agreement with Sarao Motors to provide electric jeepneys in the Philippines' $10B market. This partnership aims to electrify the iconic jeepneys, reducing carbon emissions and modernizing public transport.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 2:10 pm

ANGO

BILI

HIMS

JOBY

LEVI

NGVT

WOLF

Several US-listed stocks experienced significant declines on Thursday, including AngioDynamics, Ingevity, Levi Strauss, and others. AngioDynamics reported a smaller-than-expected loss but still saw a 15.6% drop in share price. Ingevity's CEO departure led to a 12.6% decline. Levi Strauss reported disappointing sales and issued lower guidance, resulting in a 9.1% drop. Other stocks like Hims & Hers Health, Joby Aviation, and several US-listed Chinese stocks also saw declines.

Portfolio Pulse from Avi Kapoor

October 03, 2024 | 2:02 pm

HNI

HNI Corporation announced the retirement of its CFO, Marshall H. Bridges, effective December 28, 2024, and the appointment of Vincent Paul Berger II as the new CFO, effective December 29, 2024. Berger, a long-time HNI member, brings extensive experience to the role.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 1:27 pm