Streetbeat News

Corporate Responsibility

MSFT

A new book by Anupreeta Das alleges that Bill Gates' leadership style at the Bill & Melinda Gates Foundation has created a climate of fear among employees, likening meetings to a 'king's court.' The book claims Gates' intimidating intellect and lack of stakeholders contribute to this atmosphere. Gates Ventures has dismissed these allegations as sensationalized. The foundation remains committed to its mission despite these claims.

Portfolio Pulse from Bibhu Pattnaik

August 17, 2024 | 4:00 pm

TRUE

TrueCar has appointed Jill Angel as its new Chief Operating Officer (COO).

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:15 pm

CLF

Cleveland-Cliffs announced that UAW Local 600 has ratified a four-year labor contract covering 1,000 workers at Dearborn Works, effective through July 2028.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 5:40 pm

MA

Mastercard plans to cut 3% of its global workforce as part of a company-wide overhaul, according to Bloomberg News.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 5:29 pm

TKO

Linda McMahon, former WWE President and CEO, has been named co-chair of Donald Trump's 2024 Transition Team. McMahon, who has a long history with WWE and Trump, will work alongside Howard Lutnick, CEO of Cantor Fitzgerald. WWE, now a unit of TKO Group Holdings Inc (NYSE:TKO), has seen the McMahon family's influence wane, with Vince McMahon stepping down from leadership roles amid scandals.

Portfolio Pulse from Chris Katje

August 16, 2024 | 5:17 pm

BHP

BHP has made a revised offer to workers at the Escondida copper mine in Chile, including $34,000 in bonuses and low-interest loans per worker, in an effort to end a recent strike.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 4:58 pm

FCFY

PEJ

WBD

Warner Bros. Discovery (NASDAQ:WBD) shares are trading higher following the announcement of Kathleen Finch's retirement and Channing Dungey's appointment as the new head of U.S. Networks. The company is shifting its content strategy towards unscripted programming and streaming, amid challenges in the cable network industry. WBD stock has lost over 44% in the past year but is up 1.35% today. Investors can also gain exposure through ETFs like Invesco Leisure and Entertainment ETF (NYSE:PEJ) and First Trust S&P 500 Diversified Free Cash Flow ETF (NYSE:FCFY).

Portfolio Pulse from Nabaparna Bhattacharya

August 16, 2024 | 4:11 pm

CGC

Canopy Growth Corporation (NASDAQ:CGC) announced that CEO David Klein will retire at the end of the fiscal year on March 31, 2025. Klein, who has led the company since January 2020, will remain in his role until a successor is named. The Board of Directors has begun a search for a new CEO. Under Klein's leadership, Canopy Growth transitioned to an asset-light model and expanded its international presence. The company recently reported a 67% increase in gross profit year-over-year.

Portfolio Pulse from Nicolás Jose Rodriguez

August 16, 2024 | 3:44 pm

EIS

SPY

Hamas has expressed support for a UN request for a 7-day humanitarian pause to vaccinate children in Gaza against polio, according to Reuters citing an official.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 3:33 pm

WBD

Warner Bros. Discovery is restructuring its cable-networks operation by placing it under the direction of a top studio executive. This move comes as the company faces significant challenges in its cable-TV business.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 2:04 pm