Streetbeat News

Corporate Responsibility

TCBK

Tri Counties Bank, in collaboration with the Federal Home Loan Bank of San Francisco and its Affordable Housing Program General Fund, awarded grants totaling more than $2.2 million to Rural Communities Housing Development Corporation and The Kelsey.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:02 pm

TLN

Talen Energy has announced that its crypto mining operations are not considered a strategic asset and the company is exploring alternatives for its coin business.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 2:45 pm

HOG

Harley-Davidson dealers have accused the motorcycle maker of increasing its profit margins at their expense, which they claim threatens their viability. The Harley-Davidson Dealer Council of the National Powersports Dealer Association outlined these grievances in a letter to its members and Harley's chief commercial officer.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 2:41 pm

PARA

Paramount Global has announced a 15% workforce reduction to be executed in three phases, starting today and continuing through the end of the year.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 2:13 pm

INTC

TSLA

TSM

Intel plans to cut 15% of its workforce as part of a $10 billion cost-reduction initiative aimed at regaining its technological leadership in the semiconductor industry. This move mirrors Tesla's earlier workforce reduction, which led to a significant stock rally. Investors are watching to see if Intel can replicate Tesla's success.

Portfolio Pulse from Surbhi Jain

August 13, 2024 | 2:06 pm

STWD

Starwood Capital Group has appointed Andrew J. Sossen as Chief Operating Officer. Sossen will rejoin the firm in September as a Senior Managing Director and will be part of the executive committee, reporting to Chairman and CEO Barry Sternlicht.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 2:01 pm

MAR

Marriott International (NASDAQ:MAR) has filed a lawsuit against franchisee Pride Hotel LLC for unauthorized use of a hotel property as a migrant shelter, claiming significant brand harm and seeking over $2.6 million in damages. The legal action highlights the broader financial and operational challenges faced by businesses and the city amid New York's migrant crisis.

Portfolio Pulse from Vandana Singh

August 13, 2024 | 1:54 pm

CMG

NVDA

SBUX

SPY

The Producer Price Index (PPI) figures came in below estimates, which could indicate easing inflation pressures. Chipotle's CEO is set to join Starbucks, and NVIDIA's stock is on the rise.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:45 pm

SBUX

Elliott Investment Management has expressed confidence in Starbucks following the appointment of Brian Niccol as CEO, viewing it as a transformational step forward. The firm has pledged continued engagement with Starbucks' board.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:43 pm

RY

Nadine Ahn, former CFO of Royal Bank of Canada (NYSE:RY), has filed a wrongful termination lawsuit against the bank, alleging gender-based stereotyping. RBC terminated Ahn after an investigation revealed an undisclosed personal relationship with another executive, leading to preferential treatment. Ahn is seeking nearly C$50 million in damages, while another executive, Ken Mason, is suing for C$20 million. RBC denies the claims and plans to defend itself in court.

Portfolio Pulse from Lekha Gupta

August 13, 2024 | 1:43 pm