Streetbeat News

Corporate Responsibility

C

A Citi executive stated at a conference that the business should aim for a pre-tax margin of 30%.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:39 pm

PARA

PARAA

Paramount Global's proposed transaction with Skydance Media is not moving forward. However, the company remains open to exploring strategic alternatives.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:24 pm

GILD

Gilead Sciences plans to pursue smaller acquisitions worth 'mid-single-digit billions' on average every few years, as stated by a company executive at the Goldman Sachs conference.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:04 pm

LUV

Artisan Partners Global Value Team has sent a letter to the Board of Directors of Southwest Airlines (NYSE:LUV), urging the board to reconstitute itself and upgrade the company's leadership. Artisan Partners holds over 10.8 million shares of Southwest Airlines, representing approximately 1.82% of the company's outstanding shares. The letter aligns with recent calls from Elliott Investment Management for significant changes in Southwest's management.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 5:44 pm

PBR

Petrobras CEO Chambriard announced that changes in the executive team are expected by next week.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 4:06 pm

PBR

Petrobras CEO Chambriard stated that Brazil has lost a decade by not starting to explore the Equatorial Margin. This delay could have significant implications for the company's future exploration and production activities.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 3:56 pm

MTDR

Matador Resources (MTDR) is exploring optionality and opportunities with its existing midstream assets, as stated by an executive during a conference call.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 3:43 pm

FCX

Freeport-McMoRan (NYSE:FCX) has appointed Kathleen Quirk as its new CEO, who plans to ramp up copper production to meet growing global demand. Despite challenges like labor shortages and higher costs, Quirk is optimistic about leveraging technology to extract copper from waste rock, aiming to generate 800 million pounds of copper annually over the next three to five years.

Portfolio Pulse from Stjepan Kalinic

June 12, 2024 | 3:01 pm

NTR

Nutrien's CEO announced the company is pursuing the divestiture of its retail assets in Argentina, Chile, and Uruguay, which account for around 2% of retail earnings. The company will continue to review its footprint to reduce operating costs in Brazil, amidst rising global demand and costs.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 3:01 pm

AAPL

MSFT

Samsung has merged its North American AI research centers and appointed former Apple executive Murat Akbacak to lead the new division. This move highlights the increasing focus on AI by major tech companies like Samsung and Apple.

Portfolio Pulse from Ananya Gairola

June 12, 2024 | 2:22 pm