Streetbeat News

Corporate Responsibility

MSFT

Microsoft has laid off 650 employees in its gaming division as part of a restructuring following its $68.7 billion acquisition of Activision Blizzard. This move is part of a broader strategy to integrate new teams and streamline operations, affecting about 8% of its gaming workforce.

Portfolio Pulse from Rounak Jain

September 12, 2024 | 11:31 am

CDNA

CareDx has appointed Keith Kennedy as Chief Operating Officer and Jessica Meng as Chief Commercial Officer. The company plans to present its long-term growth strategy at an Investor Day in October 2024.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 11:08 am

RY

Royal Bank of Canada has appointed Katherine Gibson as its Chief Financial Officer, effective immediately. Gibson has been serving as the Interim CFO since April 2024 and has extensive experience in finance and accounting within the bank.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 11:05 am

ASIX

AdvanSix has appointed Sidd Manjeshwar as the new Senior Vice President and Chief Financial Officer, effective October 1. This leadership change could influence the company's financial strategies and operations.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 10:33 am

STLA

Stellantis NV (NYSE:STLA) responded to criticism from the U.S. Stellantis National Dealer Council regarding alleged 'short-term decision-making' by CEO Carlos Tavares. The company defended its strategy, citing recent sales improvements and inventory reductions. Despite a challenging first half of 2024 with a 48% drop in net profit, Stellantis plans significant investments in Michigan facilities for future growth.

Portfolio Pulse from Anan Ashraf

September 12, 2024 | 9:28 am

NSC

Norfolk Southern has appointed Mark R. George as the new CEO after terminating Alan H. Shaw for policy violations. The company also terminated Nabanita Nag as Chief Legal Officer. Despite these changes, Norfolk Southern reaffirms its full-year 2024 guidance.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:20 am

BAC

JPM

JPMorgan Chase and Bank of America are implementing measures to limit junior bankers' work hours following a report on overwork culture. JPMorgan will cap hours at 80 per week, while Bank of America introduces a timekeeping tool. These changes follow the death of a Bank of America associate, highlighting the need for better employee protections.

Portfolio Pulse from Benzinga Neuro

September 12, 2024 | 8:18 am

META

A bipartisan coalition of 42 state attorneys general is urging Congress to mandate Surgeon General warning labels on social media apps like TikTok, X, and Meta's Instagram to address mental health concerns among young adults. This move highlights the growing scrutiny of social media's impact on mental health.

Portfolio Pulse from Benzinga Neuro

September 12, 2024 | 6:28 am

PRZO

Parazero Technologies Ltd announced that Yuval Tovias has resigned as CFO, effective September 8, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 8:19 pm

FA

First Advantage Corporation (NASDAQ:FA) has announced the promotion of Joelle Smith to President, effective September 16, 2024. Smith, previously President of Data, Technology, and Experience, will now lead product, data, technology, and go-to-market teams.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 8:18 pm