Streetbeat News

Corporate Responsibility

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

BLDP

Ballard Power Systems is planning a global corporate restructuring to reduce spending, expecting to book a charge in Q3. The restructuring aims to save over 30% in annual operating expenses, with significant savings by 2025.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 9:33 pm

AUPH

Aurinia Pharmaceuticals shares rose following the announcement of a board restructuring to consist of seven members.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:17 pm

ATNF

180 Life Sciences Corp. has appointed Omar Jimenez as its new Chief Financial Officer, effective September 30, 2024. Jimenez, already a director, will focus on driving the company's financial strategy as it grows in the pharma and biotechnology sectors.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:16 pm

OXY

Occidental's subsidiary, 1PointFive, has been awarded up to $500 million by the U.S. Department of Energy to develop a Direct Air Capture Hub in South Texas, with potential funding increasing to $650 million for regional expansion.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:14 pm

AUPH

Aurinia Pharmaceuticals has restructured its Board of Directors following the resignation of three directors who received less than majority support at the 2024 AGM. The new board consists of seven members, with CEO Peter Greenleaf remaining as a director despite a conditional resignation. Kevin Tang from Tang Capital Management joins as a new director.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:12 pm

MEI

Methode Electronics, Inc. (NYSE:MEI) has appointed Mark Schwabero as the new Chairman of the Board, following the retirement of Walter Aspatore. Schwabero has been a director at Methode since 2019 and was previously Vice Chairman.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:11 pm