Streetbeat News

Corporate Responsibility

LUV

Southwest Airlines (NYSE:LUV) shares are declining as the company announces significant board changes, including the resignation of Executive Chairman Gary Kelly and six other board members. The board is restructuring its committees, influenced by shareholder feedback, including Elliott Investment Management.

Portfolio Pulse from Dylan Berman

September 10, 2024 | 5:47 pm

NWS

Starboard Value LP, the largest shareholder of News Corporation (NASDAQ:NWS), criticizes the company's dual-class share structure, arguing it negatively impacts valuation and governance. A proposal to eliminate this structure will be discussed at the 2024 Annual Meeting.

Portfolio Pulse from Lekha Gupta

September 10, 2024 | 5:22 pm

NKE

At Nike's annual shareholders meeting, investors voted against a proposal concerning workers' rights. This decision reflects the current stance of Nike's shareholders on labor issues.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 4:44 pm

SNAP

Snapchat is testing a new feature for users aged 16 and 17, allowing them to share content publicly with enhanced safeguards and parental tools. This initiative aims to introduce responsible public sharing while maintaining safety and privacy standards.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 4:01 pm

CPB

Campbell Soup Company plans to increase the share of its leadership brands to 88% by the fiscal year 2027, as stated by an executive during a conference call.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 2:15 pm

FLNT

Fluent, Inc. has appointed Ryan Perfit as its Chief Financial Officer. Perfit, who has been serving as interim CFO since February 2023, has a history with Fluent, having held leadership roles from 2012 to 2019. His appointment is expected to support Fluent's evolving business and financial strategies.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 2:10 pm

CPB

Campbell Soup is rebranding as 'the Campbell's Company' and projects long-term net organic sales growth of 2% to 3% and adjusted EPS growth of 7% to 9% through 2027.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 1:49 pm

MRDB

K1 Investment Management has acquired MariaDB, appointing Rohit de Souza as the new CEO. This strategic move aims to enhance MariaDB's growth and innovation in scalable database solutions.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 1:23 pm

JPM

XOM

JP Morgan CEO Jamie Dimon stated that the bank would not have acquired First Republic without government backing. He emphasized the need for rational policies to tackle climate issues and finance energy transitions, highlighting the importance of financing companies like Exxon and providing LNG to allies.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 1:05 pm

KDP

The U.S. SEC has charged Keurig with making inaccurate statements about the recyclability of its K-cup beverage pods. This legal action could impact Keurig's parent company, Keurig Dr Pepper (KDP), by affecting its reputation and potentially leading to financial penalties.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 1:03 pm