Streetbeat News

Corporate Responsibility

ONFO

Onfolio Holdings has reported results from its recent operational streamlining efforts. The company has seen improvements in efficiency and cost reductions as a result of these changes.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:11 pm

LMT

Lockheed Martin's Skunk Works has partnered with the University of Iowa's Operator Performance Laboratory to demonstrate the use of AI in air-to-air intercept scenarios.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:10 pm

OMC

Omnicom Group Inc. has announced the launch of Omnicom Production, a new division aimed at enhancing its production capabilities. This move is expected to streamline operations and improve service offerings.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:06 pm

EL

Estee Lauder is expected to extend the tenure of its longtime CEO despite the company's recent struggles, according to sources cited by the Wall Street Journal.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:04 pm

OLLI

Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) reported strong Q1 FY24 earnings, surpassing analyst expectations and raising its financial outlook. The company saw significant growth in sales, gross profit, and operating income, and increased its FY24 adjusted EPS and sales outlook. Executive changes were also announced, with Eric van der Valk promoted to President and future CEO, and Chris Zender appointed as Executive Vice President and COO.

Portfolio Pulse from Shivani Kumaresan

June 05, 2024 | 1:02 pm

FDIS

NKE

VCR

Nike Inc. (NYSE:NKE) has implemented layoffs at its European headquarters as part of a multiyear cost-cutting strategy aimed at saving $2 billion globally. The layoffs are part of a broader workforce reduction that includes cuts at its main office in Beaverton, Oregon, and its Converse subsidiary in Boston. Despite these measures, Nike reported strong third-quarter revenue and earnings, beating consensus estimates.

Portfolio Pulse from Shivani Kumaresan

June 05, 2024 | 12:45 pm

GOOGL

GV is exploring potential opportunities in sustainability, biotech innovation, strategic transformation, and a comprehensive education ecosystem.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 12:38 pm

TSLA

Billionaire investor Ron Baron has expressed strong support for Tesla CEO Elon Musk's $56 billion compensation package, despite scrutiny from proxy advisory firm ISS. Baron emphasized Musk's critical role in Tesla's success, while a Morgan Stanley survey showed majority investor support for the pay package. Tesla shares are trading higher premarket.

Portfolio Pulse from Akanksha Bakshi

June 05, 2024 | 12:25 pm

RMCF

Rocky Mountain Chocolate Factory Inc. (NASDAQ:RMCF) has announced that Jeff Geygan has been appointed as Interim-CEO, yielding his position as Chair of the Board of Directors to Starlette B. Johnson.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 12:20 pm

IKT

Inhibikase Therapeutics has announced its expansion into the cardiopulmonary disease market. This strategic move aims to diversify its portfolio and leverage its existing expertise in disease treatment.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 12:18 pm