Streetbeat News

Corporate Responsibility

ALLR

Allarity Therapeutics has appointed Alex Epshinsky as its new Chief Financial Officer. This leadership change could influence the company's financial strategies and investor confidence.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 12:51 pm

DVA

DaVita has appointed David Maughan as the new Chief Operating Officer, effective September 15. This leadership change could influence the company's operational strategies and performance.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 12:07 pm

UPWK

Engine Capital has sent a letter to Upwork's Board of Directors, criticizing management for lack of strategic clarity, poor execution, and excessive spending. They suggest board refreshment, cost optimization, and share repurchase to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 12:02 pm

AMZN

CRWD

GOOGL

IXN

MSFT

VGT

Microsoft has appointed former GE CFO Carolina Dybeck Happe as its new COO to enhance its focus on cloud and AI. This move aligns with Microsoft's strategy to strengthen its position in the cloud services market against Amazon. The hiring follows a recent outage involving CrowdStrike that affected Microsoft devices. Microsoft has also made other strategic hires, including Mustafa Suleyman from Google DeepMind. The stock has gained over 27% in the last year, with a current price above its 200-day moving average, indicating a bullish trend.

Portfolio Pulse from Anusuya Lahiri

September 13, 2024 | 12:02 pm

DZSI

DZS announced that Misty Kawecki will step down as CFO at the end of September, with Brian Chesnut named as the interim CFO. The company has completed its financial restatement and is focusing on its regional strategy in North America, EMEA, and ANZ.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 12:01 pm

FTXN

OILT

OXY

Occidental Petroleum's subsidiary, 1PointFive, has secured up to $500 million from the U.S. Department of Energy to develop a CO2 capture hub in Texas. The project aims to significantly scale CO2 removal and storage capabilities. Occidental plans to use proceeds from divestitures for debt repayments.

Portfolio Pulse from Lekha Gupta

September 13, 2024 | 10:42 am

F

Ford Motor Co's Ford Pro segment CEO Ted Cannis is set to retire, with Andrew Frick taking over on an interim basis. Ford Pro, a highly profitable segment, reported strong earnings and revenue growth, contributing significantly to Ford's financial performance.

Portfolio Pulse from Anan Ashraf

September 13, 2024 | 6:31 am

META

SNAP

Meta, Snap, and TikTok have launched a joint initiative called Thrive to combat suicide and self-harm content online. This program allows the companies to share 'signals' to notify each other about such content. The initiative is in response to growing concerns about the safety of social media platforms for young users.

Portfolio Pulse from Ananya Gairola

September 13, 2024 | 3:44 am

TSLA

Elon Musk expressed concerns on X about a potential global conflict involving the U.S. and Russia, following discussions about Ukraine's use of long-range Western missiles. This comes amid reports of the U.S. possibly lifting restrictions on Ukraine's military actions against Russia.

Portfolio Pulse from Benzinga Neuro

September 13, 2024 | 2:17 am

BLDP

Ballard Power Systems has appointed Kate Igbalode as the new CFO and Lee Sweetland as the new COO. The company maintains its 2024 guidance for operating expenses and capital expenditures.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 9:36 pm