Streetbeat News

Corporate Responsibility

META

Meta has announced the shutdown of its Meta Spark platform for third-party AR tools and content, effective January 14, 2025. This move is part of Meta's strategy to focus on products that better serve future consumer and business needs. AR effects owned by Meta will remain available.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 2:58 pm

DAL

The International Association of Machinists and Aerospace Workers (IAM) has urged Delta Airlines to investigate a fatal tire explosion at its Atlanta facility. The incident involved workers and has raised safety concerns.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 2:56 pm

INTC

Intel board member Tan has resigned due to disagreements over the company's revival plan and AI strategy, including workforce size and contract chip manufacturing approach.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 2:39 pm

LITB

LightInTheBox shares are experiencing an increase in trading activity following the announcement of a new chairman of the board.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 1:53 pm

VOXX

VOXX International is exploring strategic alternatives to maximize shareholder value, including potential sales or operational improvements. The company has formed a strategic transactions committee and hired advisors to assist in the process.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 1:36 pm

LUV

Elliott Investment Management plans to meet with Southwest Airlines to discuss potential board changes due to 'immense' challenges. Elliott, holding over 9.7% of Southwest's voting power, may push for a proxy fight and has proposed new board candidates. Southwest is open to discussions and plans an investor day on Sept. 26.

Portfolio Pulse from Michael Juliano

August 27, 2024 | 1:29 pm

CGNT

Cognyte Software Ltd. has issued a letter to shareholders emphasizing recent progress and urging votes for Chairman Earl Shanks, CEO Elad Sharon, and amendments to the CEO compensation plan. The company is committed to adding a U.S.-based director and enhancing disclosure practices.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 1:18 pm

NNE

NANO Nuclear Energy has appointed Lt. Gen. Terry G. Robling (Ret.) as the Chair of its Executive Advisory Board. This move is aimed at strengthening the company's federal and defense relations, leveraging Robling's 38 years of service in the U.S. Marine Corps.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 12:39 pm

META

Mark Zuckerberg, CEO of Meta Platforms, revealed that the Biden administration pressured Meta to censor certain COVID-19 content. Zuckerberg expressed regret for not resisting sooner and vowed to resist future pressures. He also stated he will not support election infrastructure in the upcoming election, marking a shift from 2020.

Portfolio Pulse from Vandana Singh

August 27, 2024 | 12:38 pm

META

Mark Zuckerberg, CEO of Meta, expressed regret over the company's decision to censor content under pressure from the Biden administration. He admitted it was a mistake, particularly in handling the Hunter Biden story, and vowed to resist future interference.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 12:37 pm