Streetbeat News

Corporate Responsibility

MBIN

Merchants Bancorp has appointed Sean Sievers as its new CFO, effective September 9, 2024, following a comprehensive search after the current CFO, John Macke, announced his retirement.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 8:10 pm

BEEP

Mobile Infrastructure has announced strategic actions to enhance shareholder value, including securing a $40.4 million line of credit. These actions are aimed at strengthening the company's financial position and supporting future growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 8:06 pm

SBUX

Starbucks shares rose following a strategic vision letter from CEO Brian Niccol to employees, indicating positive investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 7:46 pm

RKLB

Rocket Lab USA's stock is experiencing an uptick following the appointment of Frank Klein, a former Rivian executive, as the company's new Chief Operating Officer.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:05 pm

NSC

Norfolk Southern's board is investigating CEO Alan Shaw's alleged inappropriate relationship with Chief Legal Officer Nabanita Nag. This probe could lead to Shaw's resignation, creating a leadership vacuum. Potential successors include CFO Mark George and COO John Orr. The investigation follows a recent proxy fight and a past derailment incident.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 5:49 pm

SPY

VGK

The U.S. Secretary of State, Antony Blinken, announced over $700 million in support for Ukraine amidst its ongoing conflict with Russia. This includes $325 million for energy assistance, nearly $290 million for humanitarian aid, and over $102 million for demining efforts.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 4:43 pm

BFI

BurgerFi International has filed for Chapter 11 bankruptcy protection, ensuring all 144 locations remain open. The company will file 'First Day' motions to maintain normal operations and will evaluate its operations, closing 19 underperforming stores.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 3:35 pm

RKLB

ROKT

UFO

Rocket Lab USA, Inc. (NASDAQ:RKLB) has appointed Frank Klein, a veteran from Rivian and Daimler AG, as its new COO. Klein will focus on enhancing production schedules and scaling operations to address a significant backlog. RKLB shares rose 2.44% following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

September 11, 2024 | 2:55 pm

ICLK

iClick Interactive Asia Group Limited (NASDAQ: ICLK) has announced a definitive agreement to sell its demand side marketing solutions business in mainland China to SiAct Inc. for RMB1 million. This move is part of iClick's strategy to scale down lower-margin, higher-risk businesses and focus on higher-margin services. The company will provide a RMB20 million loan to support the disposed business during the transition. iClick aims to enhance shareholder value by optimizing operations and exploring strategic growth opportunities.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 1:29 pm

XTIA

XTI Aerospace has established a Corporate Advisory Board to assist in evaluating strategic opportunities. This move is aimed at enhancing the company's strategic direction and growth potential.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 1:04 pm