Streetbeat News

Corporate Responsibility

BA

Boeing CEO David Calhoun testified before Congress, addressing the company's safety issues and leadership changes. Senator Richard Blumenthal criticized Boeing for prioritizing stock price over safety, citing preventable tragedies. Calhoun emphasized Boeing's commitment to safety and cooperation with investigations. Boeing shares fell 2% following the testimony.

Portfolio Pulse from Chris Katje

June 18, 2024 | 6:59 pm

BA

Boeing CEO David Calhoun testified before the Senate, stating he has not spoken directly to whistleblowers but agrees it would be a good idea.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 6:38 pm

EXC

ComEd has announced that it has interconnected over 1 gigawatt of distributed energy resources to the grid in Northern Illinois. This development is significant for the region's energy infrastructure and sustainability efforts.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 6:35 pm

BA

SPR

Boeing CEO David Calhoun apologized directly to the families of crash victims during a Senate hearing. This public apology is part of Boeing's ongoing efforts to address the fallout from the crashes involving its 737 MAX aircraft.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 6:27 pm

MSFT

SONY

FromSoftware president Hidetaka Miyazaki has vowed to protect his studio from the ongoing layoffs in the gaming industry, despite mass layoffs at companies like Microsoft, Sony, and Embracer Group. Miyazaki expressed confidence that the parent company, Kadokawa Corporation, shares his views on avoiding layoffs.

Portfolio Pulse from Franca Quarneti

June 18, 2024 | 6:24 pm

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Citi CFO Mark Mason highlighted the importance of the services business as a gateway to the bank's offerings and emphasized a focus on improving returns in the wealth business. He also mentioned that outside hires are strengthening the franchise.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 6:21 pm

BA

Boeing CEO's testimony before the Senate has begun, which could have significant implications for the company's regulatory and operational future.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 6:06 pm

AMZN

Amazon has been fined nearly $6 million by the California Labor Commissioner's Office for failing to disclose worker quotas at two warehouse facilities, in violation of a 2022 state law. This marks the first enforcement of the law, which was created to address concerns about Amazon's workplace practices.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 6:03 pm

AAPL

GOOG

META

SNAP

The Los Angeles Board of Education voted to develop a plan to ban phones during the school day, which could serve as a model for other districts. This decision is part of a broader discussion on the impact of phone usage on youth mental health and education.

Portfolio Pulse from Hayden Buckfire

June 18, 2024 | 5:56 pm

C

Citi's CFO announced that the bank expects to gain more business from multinational companies, with 30% of its services clients potentially increasing their business with the bank.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:12 pm