Streetbeat News

Corporate Responsibility

CTVA

Corteva's CFO Dave Anderson has announced his retirement. The company has appointed David Johnson as the new Executive Vice President and CFO.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:40 pm

NGVT

Ingevity (NGVT) announces strategic repositioning steps, including manufacturing consolidation and cost reduction actions, expected to save $30M-$35M annually starting in 2025. The company will incur $100M in charges, with $65M being non-cash.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:36 pm

ALB

Albemarle has announced a comprehensive review of its cost and operating structure, including changes at its Kemerton lithium hydroxide conversion site in Australia. The company will stop construction at Train 3, idle production at Train 2, and focus on ramping up Train 1.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:21 pm

META

Meta Platforms, Inc. (META) has updated its FY24 capital expenditures forecast to be in the range of $37 billion to $40 billion, up from the previous range of $35 billion to $40 billion.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:09 pm

ETSY

Etsy has announced the planned retirement of its CFO, Rachel Glaser. This leadership change could impact the company's financial strategy and investor confidence in the short term.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:07 pm

UAL

United Airlines is closely monitoring the situation and will prioritize customer and crew safety when deciding on resuming its Tel Aviv service.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:48 pm

SPY

STLA

The United Auto Workers (UAW) union has endorsed Vice President Kamala Harris over former President Donald Trump. This endorsement could influence the automotive industry and related stocks.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:22 pm

DIS

Disney is planning a new round of job cuts in its television division, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 5:56 pm

TM

Toyota Motor Corp (NYSE:TM) has received a correction order from Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) due to improper certification processes for seven car models. The investigation revealed extensive irregularities, leading to a demand for drastic reforms. Toyota has acknowledged the issue and plans to review its certification operations.

Portfolio Pulse from Shivani Kumaresan

July 31, 2024 | 4:49 pm

BA

Boeing Co (NYSE:BA) has appointed Kelly Ortberg, former CEO of Rockwell Collins, as its new chief executive, replacing Dave Calhoun. The company has faced significant criticism and legal challenges following safety incidents and the grounding of its 737 Max fleet. Boeing's stock has declined over 20% in the past year and over 40% in the last five years.

Portfolio Pulse from Hayden Buckfire

July 31, 2024 | 3:39 pm