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SAVE

Spirit Airlines is on track to achieve $100 million in annual run-rate cost savings, with $75 million expected by the end of 2024. The company is implementing various cost-saving initiatives, including suspending recruitment, offering voluntary unpaid leaves, and realigning its network by exiting 42 markets and adding 77 new ones. Additionally, Spirit has deferred aircraft orders with Airbus to 2030-2031.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:56 am

AAPL

AMZN

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INTC

MSFT

NVDA

U.S. stocks settled higher on Wednesday as the Federal Reserve maintained interest rates. Nvidia recorded its best session since February, jumping 12.8%. Microsoft reported strong earnings, and Boeing announced a new CEO. The CNN Money Fear and Greed index showed improved market sentiment, remaining in the 'Neutral' zone.

Portfolio Pulse from Avi Kapoor

August 01, 2024 | 9:13 am

LAD

Lithia & Driveway (NYSE:LAD) has promoted Adam Chamberlain to COO, while Chris Holzshu will continue as an Executive Vice President. This leadership realignment aims to enhance operational efficiency and leverage the company's competitive advantages.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:11 am

NVX

NOVONIX has appointed Robert Long as its new Chief Financial Officer, effective September 1.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 7:06 am

LAB

Standard BioTools announced that CFO Jeffrey Black will resign effective August 31, 2024. Alex Kim, the COO and co-founder, will serve as interim CFO starting September 1, 2024. The company is searching for a permanent successor.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 10:22 pm

RELY

Remitly has appointed Vikas Mehta as the new CFO, succeeding Hemanth Munipalli, effective August 19, 2024. Munipalli is leaving for family reasons and will oversee a smooth transition, staying with the company until September 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 10:01 pm

UDMY

Udemy is shifting its strategic focus towards large enterprise customers by reallocating resources, increasing penetration in existing large customer bases, growing strategic partnerships, and enhancing operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:26 pm

AWK

American Water has announced several key executive changes effective August 1, 2024. M. Susan Hardwick will remain CEO and a board member, John C. Griffith will be the new President, Cheryl Norton will expand her role as COO to include business development, David Bowler will become CFO, and Nicholas Furia will be the new Treasurer.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:24 pm

SSD

Simpson Manufacturing announced the retirement of CFO and Treasurer Brian Magstadt, effective December 31, 2024. The company has initiated a comprehensive search for a new CFO.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:51 pm

ERII

Energy Recovery has appointed Michael Mancini as its new Chief Financial Officer, effective August 5, 2024. Mancini brings extensive operational and capital markets experience to the role.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:45 pm