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Corporate Responsibility

AAPL

Apple CEO Tim Cook announced that the company will continue to make significant investments in AI technology during a conference call.

Portfolio Pulse from charles@benzinga.com

August 01, 2024 | 9:10 pm

IRTC

iRhythm Technologies announced that CFO Brice Bobzien will step down for personal reasons effective August 31, 2024, and will be succeeded by Daniel Wilson. Bobzien will continue in an advisory role into 2025 to ensure a smooth transition.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:08 pm

CSL

Carlisle Companies Incorporated (NYSE:CSL) announced an 18% increase in its quarterly dividend from $0.85 to $1.00 per share, payable on September 3, 2024. This marks the 48th consecutive annual dividend increase for the company.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:06 pm

CPS

Cooper Standard expects that the aggressive lean cost structure initiatives implemented in Q2 will drive improvements in profit margins and cash flow in the second half of the year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:03 pm

TWO

Mary Riskey has resigned from her role as CFO at Two Harbors Investment Corp. William Dellal has been appointed as the interim CFO.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:55 pm

CHK

SWN

Southwestern Energy has discontinued its guidance due to its merger with Chesapeake Energy.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:47 pm

INTC

Intel CEO Pat Gelsinger announced that the company's Q2 financial performance was disappointing despite achieving key product and process technology milestones. The second half of the year is expected to be more challenging than previously anticipated. Intel is leveraging a new operating model to improve efficiencies and accelerate its IDM 2.0 transformation.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:06 pm

INTC

Intel has announced the suspension of its dividend starting in Q4 2024 to prioritize liquidity for strategic investments. The company remains committed to a competitive dividend in the long term as cash flows improve.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:05 pm

INTC

Intel (INTC) has announced a $10 billion cost reduction plan aimed at increasing efficiency and market competitiveness. The plan includes a more than 15% headcount reduction to resize and refocus the company.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:04 pm

WMG

Warner Music Group (WMG) has announced a reorganization of its recorded music operations. CEO Max Lousada will step down at the end of the fiscal year on September 30. Elliot Grainge will become the CEO of Atlantic Music Group starting in fiscal year 2025.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 7:58 pm