Streetbeat News

Corporate Responsibility

AMCR

Amcor has appointed Peter Konieczny as CEO after serving in an interim role since April 2024. The board plans to nominate him as a director for election at the November 2024 shareholders meeting.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:15 pm

X

The White House, through spokesperson John Kirby, emphasized President Biden's stance that American steel companies should remain under American ownership. This statement reflects the administration's focus on maintaining domestic control over key industries.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 6:39 pm

INTC

Intel's CFO announced at the Citi Conference that the company is considering all possible cost-cutting measures and does not expect significant funding from the U.S. CHIPS Act until the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 6:34 pm

KFFB

Kentucky First Federal Bancorp (NASDAQ:KFFB) has announced leadership changes with Walter G. Ecton, Jr. elected as Chairman of the Board and R. Clay Hulette joining the board of directors. These changes may influence the company's strategic direction.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 6:18 pm

SPI

SPI Energy's subsidiary, Solar4America, is launching a new line of solar modules using Origami Solar's U.S.-produced steel frames, significantly reducing carbon emissions and strengthening the U.S. supply chain.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 6:06 pm

SPCE

SpaceX is withdrawing employees from Brazil and advising against travel there due to Elon Musk's legal issues with Brazil's highest court over his social media company, X. This situation is impacting SpaceX and its Starlink service.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 5:54 pm

BMRN

BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) announced a new corporate strategy and financial guidance for 2027 during its Investor Day. The company aims for $4 billion in total revenues by FY27 and plans a $500 million cost transformation program. BioMarin reaffirmed its FY24 guidance and expects significant growth in Non-GAAP Operating Margin by 2026.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 5:03 pm

META

Mark Zuckerberg's 2010 email demanding a Facebook employee's resignation for leaking information has resurfaced, highlighting ongoing challenges Meta Platforms faces with censorship and employee relations. The company has recently faced backlash over job cuts and return-to-office policies.

Portfolio Pulse from Chris Katje

September 04, 2024 | 4:42 pm

TAP

Molson Coors, the maker of Coors Light and Miller beers, announced it will roll back some of its diversity, equity, and inclusion (DEI) initiatives. The company will no longer participate in the Human Rights Campaign's scoring system for LGBTQ+ inclusion.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 4:38 pm

RNG

RingCentral's shares are declining following the announcement of CFO Sonalee Parekh's resignation.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 3:49 pm