Streetbeat News

Corporate Responsibility

TSLA

Tesla's senior associate for regulatory credits, Ashlee Ramanathan, has left the company after helping realize $890 million in revenue from regulatory credits in Q2. This revenue source was crucial as Tesla's car sales revenue dipped. Tesla has $4.9 billion in unsatisfied contracts for regulatory credits, with $459 million expected to be recognized in the next 12 months.

Portfolio Pulse from Anan Ashraf

July 31, 2024 | 7:23 am

NKLA

Nikola Corporation and ITD Industries have opened Ontario's first hydrogen station for heavy-duty transport. This development marks a significant step in the adoption of hydrogen fuel for large vehicles in the region.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 7:15 am

ALGT

Allegiant Air pilots, represented by Teamsters Local 2118, are urging the company to invest in pilots to prevent labor disputes. Despite industry-wide improvements in working conditions and compensation, Allegiant is demanding concessionary changes to pilots' schedules and contracts.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 7:13 am

IFF

IFF is set to open a state-of-the-art innovation center in Shanghai, aiming to expand its market share in Asia.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 7:06 am

MARA

MSTR

Economist Peter Schiff criticized companies like MicroStrategy and Marathon Digital Holdings for holding Bitcoin as a treasury asset, calling it a gamble with shareholder funds. Schiff's comments were in response to MicroStrategy co-founder Michael Saylor's support for Bitcoin on corporate balance sheets.

Portfolio Pulse from Aniket Verma

July 31, 2024 | 3:37 am

RGP

Resources Connection announced that Donald B. Murray has resigned as Chairman and a Director. Robert Pisano has been appointed as interim Chairman, and David White will succeed Pisano as Lead Independent Director.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 9:34 pm

INTC

Intel plans to cut thousands of jobs to reduce costs and fund its turnaround strategy, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 9:23 pm

NARI

Inari Medical (NASDAQ:NARI) announced that CFO Mitch Hill will retire effective October 1, 2024, and will be succeeded by Kevin Strange, the current SVP of Finance, Accounting, Strategy, and Business Development.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:58 pm

HDSN

Hudson Technologies has appointed Brian J. Bertaux as the new Chief Financial Officer, replacing Nat Krishnamurti, effective immediately.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:49 pm

STLA

Stellantis has reaffirmed its commitment to Maserati and its entire portfolio of 14 brands, denying any intention to sell the Trident brand or aggregate Maserati with other Italian luxury groups.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 7:01 pm