Streetbeat News

Corporate Responsibility

HD

Home Depot Inc (NYSE:HD) will stop marijuana testing for most employees, making it one of the largest companies to do so. This change, effective September 1, aims to keep the company competitive and compliant with laws. The policy excludes workers regulated by the Department of Transportation.

Portfolio Pulse from Maureen Meehan

August 28, 2024 | 8:09 pm

MLNK

MeridianLink, Inc. (NYSE:MLNK) has appointed Elias Olmeta as its new Chief Financial Officer. Olmeta brings over 30 years of financial leadership experience and will focus on driving growth and profitability. He succeeds Larry Katz, who has become the company's President.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:07 pm

BJRI

BJ's Restaurants has appointed C. Bradford Richmond, a current board director and former CFO of Darden Restaurants, as its interim CEO, effective August 28, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:03 pm

TSLA

Elon Musk has hired a Republican political adviser, indicating his increased involvement in the 2024 presidential campaign. This move suggests Musk's potential influence in political spheres beyond his business ventures.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 7:18 pm

F

Ford Motor Company has decided to revise its DEI policies, eliminating quotas for minority dealerships and suppliers, and will no longer participate in certain equality indices and workplace lists.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 6:46 pm

LOW

Lowe's is reducing its Diversity, Equity, and Inclusion (DEI) policies, aligning with other companies that have modified their programs following the U.S. Supreme Court's decision against affirmative action in college admissions or due to conservative backlash.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 5:31 pm

SMCI

A Hindenburg short report accuses Super Micro Computer (SMCI) of accounting manipulation and other issues, but a JPMorgan analyst finds limited evidence supporting these claims. The analyst believes the report doesn't alter the medium-term revenue outlook for SMCI, despite highlighting areas for corporate governance improvement.

Portfolio Pulse from Michael Juliano

August 28, 2024 | 4:04 pm

AMZN

Amazon drivers at the DIL7 delivery station in Skokie, IL, are demanding union recognition and a labor contract. They are bargaining for fair wages, affordable health care, and safe working conditions.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 3:21 pm

HAIL

PSNY

Polestar Automotive's stock is down 14.6% following the announcement of Michael Lohscheller as the new CEO, effective October 2024. Lohscheller, with experience at Opel, VinFast, and Nikola, will succeed Thomas Ingenlath. The company aims to expand its global presence in the premium EV market. PSNY stock has lost over 70% in the past year, and investors can gain exposure through the SPDR S&P Kensho Smart Mobility ETF (HAIL).

Portfolio Pulse from Lekha Gupta

August 28, 2024 | 3:07 pm

APD

EWT

Air Products San Fu has signed a 10-year solar power purchase agreement with Tatung Forever Energy to support the decarbonization of Taiwan's industrial gases sector. This agreement aims to avoid CO2 emissions equivalent to those of 80,000 households over its duration.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 3:01 pm