Streetbeat News

Corporate Responsibility

FMC

FMC shares are trading higher following the appointment of Pierre Brondeau as the new CEO.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 5:33 pm

JNJ

Johnson & Johnson has reached a $700 million settlement with most U.S. states over allegations of deceptive marketing of talc-containing products, according to the Massachusetts Attorney General.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 5:11 pm

CCI

DTCR

SRVR

Crown Castle Inc. (NYSE:CCI) has announced plans to streamline its Fiber segment, including reducing capital expenditures, cutting jobs, and revising its guidance for FY24. The company aims to improve operational performance and expects significant cost savings and revenue growth in the coming years. Investors can also gain exposure through ETFs like Pacer Data & Infrastructure Real Estate ETF (NYSE:SRVR) and Global X Data Center & Digital Infrastructure ETF (NASDAQ:DTCR).

Portfolio Pulse from Lekha Gupta

June 11, 2024 | 5:05 pm

TSLA

Brad Gerstner of Altimeter Capital has publicly stated that he voted in favor of Elon Musk's pay package. This endorsement could influence investor sentiment towards Tesla (TSLA).

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:43 pm

BNED

Barnes & Noble Education Inc (BNED) shares dropped by 29.6% to $0.09 after announcing equity and refinancing transactions, new leadership changes, and a 1-for-100 reverse stock split. The company raised over $100 million in new equity, converted $34 million in debt to shares, and extended a $325 million loan facility. The reverse split aims to meet NYSE's minimum bid price requirement.

Portfolio Pulse from Henry Khederian

June 11, 2024 | 3:55 pm

WAB

Wabtec Corporation's Green Friction braking solution has commenced commercial operations on the RER A rail line in Paris, aiming to improve air quality by reducing particle emissions.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 3:08 pm

RDFN

Rent. has appointed Damon Joshua as President. With over 25 years of sales leadership experience, Joshua will guide Rent.'s strategy and operations, aiming to maintain its position as an innovative platform in the multifamily rental industry.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 3:02 pm

F

Ford's CFO announced a $2 billion cost reduction plan primarily through material and design changes at the Deutsche Bank Global Auto Industry Conference.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 2:58 pm

BP

COP

CVX

SHEL

XOM

California Attorney General Rob Bonta has filed an amended complaint against major fossil fuel companies, including Exxon Mobil, Chevron, Shell, BP, and ConocoPhillips, for misleading the public on climate change. The lawsuit seeks to forfeit profits earned through illegal activities and highlights instances of false advertising and greenwashing.

Portfolio Pulse from Lekha Gupta

June 11, 2024 | 1:55 pm

OXY

Occidental Low Carbon Ventures (OLCV), a subsidiary of Occidental (NYSE:OXY), and TAE Technologies have signed a memorandum of understanding to explore using TAE's fusion technology for emissions-free power and heat in Direct Air Capture (DAC) facilities.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:28 pm