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Corporate Responsibility

PSCE

TALO

Talos Energy shares fell after CEO Tim Duncan announced his resignation, effective August 2024. Joseph A. Mills will serve as interim CEO. Despite the leadership change, Talos reaffirmed its production and financial guidance for 2024. TALO stock has dropped over 36% in the past year.

Portfolio Pulse from Nabaparna Bhattacharya

August 30, 2024 | 2:07 pm

NVEI

Fintech360 issued an unapproved press release about a collaboration with Nuvei, which was distributed without Nuvei's final approval. Fintech360 has apologized and committed to preventing future incidents while maintaining a strong partnership with Nuvei.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 1:33 pm

NSC

Norfolk Southern Corporation has reached tentative five-year collective bargaining agreements with five additional labor unions, covering 55% of its unionized workforce. This move highlights the company's commitment to improving pay, health care, and time off for its employees.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 1:02 pm

INTC

Intel shares rise as the company considers splitting its product design and manufacturing businesses.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 12:41 pm

VTYX

Ventyx Biosciences announced the departure of Martin Auster as CFO, effective August 30, 2024. Roy Gonzales will serve as interim Principal Financial Officer and Principal Accounting Officer. The company is searching for a new CFO.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 12:06 pm

TALO

Talos Energy announced that Tim Duncan has stepped down as President and CEO, effective August 29. Joseph A. Mills will serve as the interim President and CEO.

Portfolio Pulse from Nabaparna Bhattacharya

August 30, 2024 | 11:02 am

INTC

NVDA

TSM

Intel is considering a major business split, including separating its product design and manufacturing units, amid strategic reviews. The company is also contemplating scrapping factory projects and potential mergers and acquisitions. Despite a recent stock price gain, Intel faces challenges, including workforce downsizing and competition from companies like Taiwan Semiconductor and Nvidia.

Portfolio Pulse from Anusuya Lahiri

August 30, 2024 | 10:42 am

F

Ford Motor Co. has revised its diversity, equity, and inclusion (DEI) policies, as announced by CEO Jim Farley. The company has refocused its employee resource groups and stopped participating in external culture surveys by the Human Rights Campaign. This move has sparked criticism from the Human Rights Campaign, which accuses Ford of succumbing to political pressure. The changes reflect a broader debate on DEI in corporate America.

Portfolio Pulse from Benzinga Neuro

August 30, 2024 | 10:13 am

TSN

Tyson Foods has permanently appointed Curt Calaway as CFO after suspending John R. Tyson due to legal issues. This leadership change occurs amid strategic realignment efforts, including the sale of a poultry complex and scaling back antibiotic-free beef products. Despite challenges, Tyson Foods reported strong Q3 results, beating earnings expectations.

Portfolio Pulse from Benzinga Neuro

August 30, 2024 | 7:53 am

DOMO

Domo announced that David Jolley will step down as CFO due to personal health challenges, with Tod Crane being promoted to CFO. Jolley will transition out of the role at the end of Domo's third quarter and continue as a Senior Advisor.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 10:01 pm