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Corporate Responsibility

DOV

Hillphoenix has introduced ChargeSecure, a new technology for CO2 refrigeration systems that ensures charge preservation during power outages and service events.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:18 pm

CNTB

Connect Biopharma has appointed Barry Quart as CEO and Director, David Szekeres as President, and Kleanthis Xanthopoulos as the new Chair. The previous CEO, Zheng Wei, and Chair, Wubin (Bill) Pan, will remain on the Board and serve as advisors during the transition.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:17 pm

NICK

On June 6, 2024, Nicholas Financial's CFO Irina Nashtatik resigned. Charles Krebs will be appointed as the new CFO on June 19, 2024, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:14 pm

TEL

TE Connectivity Ltd. (NYSE:TEL) shareholders approved proposals at a special general meeting, paving the way for a merger with its subsidiary, TE Connectivity plc, and changing the company's jurisdiction from Switzerland to Ireland by September 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:12 pm

CURV

Torrid Holdings has announced several executive promotions and changes, including the promotion of Hyon Park to Chief Operating Officer and Ashlee Wheeler to Chief Planning Officer. Additionally, Mark Mizicko, the Chief Commercial Officer, is retiring.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:09 pm

TSLA

Tesla Inc (NASDAQ:TSLA) will hold its annual shareholders meeting on Thursday, where a vote on a new compensation package for CEO Elon Musk will take place. A recent poll by Benzinga shows that a majority of Tesla shareholders support the new plan. The outcome of the vote could impact Musk's involvement with Tesla and his other ventures.

Portfolio Pulse from Chris Katje

June 12, 2024 | 8:03 pm

BA

LUV

SPR

Southwest Airlines CEO Bob Jordan refuses to step down despite pressure from activist investor Elliott Investment Management, which is pushing for leadership changes and policy revisions. Southwest expects fewer plane deliveries from Boeing this year and is considering changes to its seating policy. The company plans to unveil a broad plan in September.

Portfolio Pulse from Michael Juliano

June 12, 2024 | 8:01 pm

META

Meta Platforms Inc. (META) is reportedly seeing a number of its Vice Presidents being squeezed out as CEO Mark Zuckerberg enforces a 'permanent' efficiency mode. This move is part of a broader strategy to streamline operations and cut costs.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:56 pm

MSFT

TTWO

Sumo Group, owned by Tencent Holdings Ltd, announced layoffs affecting 15% of its workforce, impacting around 250 employees. This decision is part of a broader trend in the gaming industry, with companies like Take-Two Interactive, Microsoft, and Square Enix also announcing layoffs.

Portfolio Pulse from Franca Quarneti

June 12, 2024 | 7:02 pm

MSFT

The Communications Workers of America (CWA) has filed Unfair Labour Practice charges against Lionbridge Technologies, a supplier for Microsoft Corp. (NASDAQ:MSFT), for laying off 160 QA testers involved in union activities. The CWA claims the layoffs were not genuinely project-related and calls on Microsoft to ensure its contractors adhere to its labor standards.

Portfolio Pulse from Franca Quarneti

June 12, 2024 | 6:42 pm