Streetbeat News

Corporate Responsibility

NIO

NIO shares are trading lower after the company announced a CFO transition. Chinese EV stocks are also lower following strength earlier in the week.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:02 pm

JNJ

KMB

PG

A new study reveals that tampons from various brands contain toxic metals like lead and arsenic, posing potential health risks to women. The study, published in Environment International, highlights the need for further research on the health impacts of these metals in menstrual products.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:02 pm

BHP

BHP (NYSE:BHP) announced a 20% reduction in employee incentives after missing performance goals, facing a $2.5 billion impairment charge on its nickel business, and additional costs from the Samarco dam disaster. The company also faces internal challenges, including labor issues and unmet gender balance goals.

Portfolio Pulse from Stjepan Kalinic

July 05, 2024 | 3:02 pm

SGH

Top Wall Street analysts have updated their expectations for SMART Global Holdings (NASDAQ:SGH) ahead of its Q3 earnings release on July 9. Analysts predict a drop in earnings per share from 66 cents to 30 cents and revenue of $300 million. The company recently appointed Nate Olmstead as SVP and CFO. Multiple analysts have maintained Buy ratings with price targets ranging from $27 to $35.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 3:02 pm

EHAB

AREX Capital Management, a shareholder of Enhabit, has issued a letter expressing disappointment in Enhabit's continued excuses and empty promises.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:02 pm

PYPL

The Australian federal court ruled that PayPal's contract term with small businesses, which led to overcharging, was unfair. PayPal has agreed to remove the term and pay ASIC's litigation costs. This comes as PayPal is in a transition phase with new leadership aiming for long-term growth.

Portfolio Pulse from Benzinga Neuro

July 05, 2024 | 3:01 pm

JCI

LEA

NIO

NIO Inc. (NYSE:NIO) announced the resignation of CFO Steven Wei Feng, effective July 5, 2024, and the promotion of Senior VP Stanley Yu Qu to CFO. NIO shares are trading lower following the news. The company also reported significant increases in EV deliveries for June and Q2 2024.

Portfolio Pulse from Lekha Gupta

July 05, 2024 | 3:01 pm

ATAT

Atour Lifestyle has decided to eliminate the Co-COO position as part of its organizational adjustments. Hong Lu has resigned as a director but will continue as senior vice president. Jianfeng Wu has been appointed as a director. Xun Zhang and Gang Chen will no longer serve as Co-COOs but will retain key roles within the company.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

KRNL

Kernel Group has extended the period to complete its initial business combination to August 5, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

FWRD

YELL

YRCW

Forward Air has appointed Jamie Pierson as its permanent CFO and James Faught as its Chief Accounting Officer. Pierson previously held senior roles at MV Transportation, Ecobat Technologies, and YRC Worldwide. Faught was formerly CFO at EVO Transportation and Chief Accounting Officer at Yellow Corporation.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm