Streetbeat News

Corporate Responsibility

IBM

VIG

VYM

IBM is closing its research division in China, laying off 1,000 employees, and shifting R&D functions to other global offices. This move aligns with other companies reducing exposure to China due to economic and regulatory challenges. IBM's stock has risen over 34% in the past year.

Portfolio Pulse from Anusuya Lahiri

August 26, 2024 | 1:11 pm

BRLT

Brilliant Earth Group, Inc. has promoted Sharon Dziesietnik to Chief Operations Officer and Pamela Catlett to Chief Brand Officer, highlighting the company's focus on long-term growth and operational excellence.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 1:03 pm

ALTS

ALT5 Sigma has appointed Peter Tassiopoulos as the new CEO, while Tony Issac transitions to the role of President and continues as Chairman of the Board. This leadership change may impact the company's strategic direction.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:48 pm

BLMN

Bloomin' Brands, Inc. (NASDAQ:BLMN) has appointed Michael L. Spanos as its new CEO, effective September 3, 2024. Former CEO David Deno will assist in the transition until December 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:47 pm

LUV

Elliott Investment Management is urging Southwest Airlines to prioritize company interests over current leadership. They criticize the management of Executive Chairman Gary Kelly and CEO Bob Jordan, citing underperformance and a significant decline in stock value. Elliott proposes a comprehensive solution involving new independent directors to address these issues.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:36 pm

RDEI

RDE, Inc. has appointed Steve Handy as the new Chief Financial Officer to lead the financial strategy for its subsidiaries, Restaurant.com and CardCash.com.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:34 pm

ALIT

Alight, Inc. has appointed Dave Guilmette as the new CEO while maintaining its 2024 second half business outlook. Guilmette will also continue as Vice Chair of the Board. Stephan Scholl steps down as CEO but remains as an advisor for six months.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:31 pm

ESTA

Establishment Labs has appointed Fillipo 'Peter' Caldini as the new President, as per an SEC filing dated August 20.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:04 pm

DRQ

INVX

Dril-Quip and Innovex have agreed to withdraw their charter amendment proposal, eliminating the need for stockholder approval as a condition for their merger. The merger is still on track.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 11:38 am

AHCO

AdaptHealth has appointed Scott Barnhart as the new Chief Operating Officer, effective September 23, 2024. This leadership change could influence the company's operational strategies and performance.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 11:31 am