Streetbeat News

Corporate Responsibility

MTN

Vail Resorts has announced a two-year plan aimed at future growth and global expansion. The plan includes position eliminations affecting less than 2% of its workforce.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 8:09 pm

CLOV

Clover Health Investments, Corp. (NASDAQ:CLOV) has appointed Joseph Brand as Chief Operating Officer for its Medicare Advantage operations. Brand, with nearly 20 years of healthcare leadership experience, will focus on improving healthcare delivery in New Jersey through operational efficiencies and technological innovation.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 8:02 pm

LUV

Elliott Management criticized Southwest Airlines' leadership during an Investor Day, calling for a new board and questioning CEO Bob Jordan's ability to deliver on promised transformations.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 6:16 pm

MSFT

OpenAI, backed by Microsoft, is transitioning from a non-profit to a for-profit benefit corporation to attract investors. CEO Sam Altman, reinstated after a brief removal, aims to flatten the company's structure and elevate new leaders. Several top executives, including CTO Mira Murati, have left the company.

Portfolio Pulse from Vandana Singh

September 26, 2024 | 5:37 pm

APO

C

FTXO

ICAP

Citigroup and Apollo Global Management have partnered to create a $25 billion private credit program, enhancing corporate lending access. The program will start in North America and may expand globally, involving Mubadala Investment Company and Apollo's subsidiary, Athene.

Portfolio Pulse from Lekha Gupta

September 26, 2024 | 5:06 pm

SAP

SAP SE is experiencing a decline in employee morale in its home market due to a restructuring plan initiated by CEO Christian Klein. This internal survey result could impact the company's operations and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 5:01 pm

UPS

UPS plans to hire over 125,000 employees for the holiday season, with most positions not requiring an interview. The company offers a $250 referral bonus to current employees and the new hires are covered under a union agreement.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 4:33 pm

LUV

Southwest Airlines' CEO has stated that a proxy fight with Elliott Management is not in the company's interest. The CEO expressed willingness to work cooperatively with Elliott Management.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 4:08 pm

LUV

Southwest Airlines' CFO announced during Investor Day that the company's moderated capacity plan will result in a flat to down headcount by 2027 compared to 2024 levels.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 3:51 pm

LUV

Southwest Airlines' CEO acknowledges the company's underperformance in financial returns and outlines plans to optimize their network and manage costs. The board is focused on accountability, and a new cost initiative aims to improve efficiencies in a low growth environment.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:59 pm