Streetbeat News

Corporate Responsibility

ADSK

Starboard Value has issued a letter to Autodesk's Board, urging the company to increase transparency and improve governance and operations.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:04 pm

HFWA

Heritage Financial Corporation announced that Jeff Deuel will remain CEO until May 2025, while Bryan McDonald will take over as President and CEO of Heritage Bank and President of Heritage Financial Corporation starting July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:04 pm

INVZ

Innoviz Technologies Ltd. (NASDAQ:INVZ) has released its first Impact Report, highlighting the company's commitment to social impact, sustainable operations, and responsible business practices for the years 2022 to 2023.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:02 pm

CAG

MSFT

ConAgra Brands is leveraging generative AI, intelligent automation, and strategic collaborations with Microsoft and EY to enhance various operations including supply chain, R&D, demand science, and brand design. This includes using Microsoft technology to boost employee productivity and exploring AI-driven branding solutions with EY.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:35 am

FCN

FTI Consulting has launched a new cross-segment digital offering that utilizes its industry expertise across the digital landscape.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:33 am

SEM

Select Medical announced that Concentra Escrow Issuer has commenced an offering of $750 million senior notes due 2032. This is part of Select Medical's plan to separate Concentra.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:29 am

AGCO

AGCO plans a restructuring program in response to weakening demand in the agriculture industry, expecting to reduce its salaried workforce by up to 6%. The company anticipates one-time termination benefits costs of $150 million to $200 million, with most charges incurred in 2024 and the first half of 2025. Annual cost savings are projected to be $100 million to $125 million once fully implemented.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:28 am

OI

O-I Glass, Inc. plans to implement an 8MW battery storage solution at its Alloa, UK facility in collaboration with GridBeyond. The system will use AI to enhance energy efficiency, resilience, and sustainability.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:25 am

AAPL

Apple Inc. (NASDAQ:AAPL) is facing challenges in its plan to reduce its iPhone assembly workforce by up to 50% due to precision issues with robots. The move towards automation is influenced by past supply chain disruptions and labor issues, but it requires significant investment in machinery.

Portfolio Pulse from Rounak Jain

June 25, 2024 | 11:18 am

LL

LL Flooring Holdings shareholder Donovan S. Royal has expressed concerns about the company's current strategy and leadership. He supports the election of F9's three nominees to the Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:04 am