Streetbeat News

Corporate Responsibility

GM

HMC

HYMTF

VRSK

U.S. Senators Ron Wyden and Ed Markey have urged the FTC to investigate General Motors (GM), Honda, and Hyundai for allegedly sharing driver data with Verisk Analytics without full disclosure. The data, including acceleration, braking, and location information, was reportedly sold to insurance companies, potentially affecting insurance premiums. The senators claim that these automakers used manipulative design techniques to obtain consent from consumers.

Portfolio Pulse from Hayden Buckfire

July 29, 2024 | 6:23 pm

CNP

Texas is considering penalizing CenterPoint Energy for its inadequate response to recent storms. The potential penalties could impact the company's financial performance and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 5:36 pm

CTCX

Carmell shares are trading higher after the company appointed Kendra Bracken-Ferguson as CEO.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 4:50 pm

MMM

3M's new CEO Bill Brown has sparked confidence in the company's turnaround, but significant challenges remain, including multi-billion dollar PFAS liabilities. RBC Capital Markets analyst Deane Dray reiterated an Underperform rating on 3M, raising the price target to $95. Other analysts from BofA Securities and Barclays have maintained Buy and Overweight ratings, respectively, with higher price targets. Despite positive momentum, 3M's operational shakeup could be disruptive.

Portfolio Pulse from Shivani Kumaresan

July 29, 2024 | 4:41 pm

PBI

Pitney Bowes is still working to conclude its strategic review of the company's global e-commerce segment. The company has sold the segment's fulfillment services business, which is a small part of the global e-commerce segment.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 4:40 pm

EML

TRS

Barington Capital Group has recommended that TriMas Corporation consider selling its aerospace segment or the entire company to improve shareholder value. TriMas' shares have underperformed compared to its peers and the market over a long-term period.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 3:58 pm

MCD

McDonald's CFO announced that the company expects to raise prices less this year, indicating a potential stabilization in pricing strategy.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:32 pm

NVA

NVAAF

Nova Minerals Limited has appointed Richard Beazley as the new Independent Non-Executive Chairman. Beazley brings over 35 years of experience in mining and project development. This follows Nova's successful NASDAQ listing.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:19 pm

CTCX

Carmell Corporation (NASDAQ:CTCX) has appointed Kendra Bracken-Ferguson as CEO, effective July 30, 2024. Rajiv Shukla will continue as Executive Chairman. The company has made significant strides since its business combination in July 2023, including product development, scaling manufacturing, and reducing cash burn.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:40 pm

EMBC

G

Genpact (NYSE:G) has been assisting embecta (NASDAQ:EMBC) in its spin-off from Becton Dickinson and Company (BD) to become an independent leader in the diabetes technology market.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:17 pm