Streetbeat News

Corporate Responsibility

DVN

Devon Energy has appointed John Bethancourt as the new Independent Board Chair. This leadership change is expected to influence the company's strategic direction and governance.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:54 pm

TELL

Tellurian's CEO announced in a letter that the company is exploring new commercial propositions and working on strengthening its balance sheet with the help of its finance team and financial advisor.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:34 pm

TELL

Tellurian's Chairman has written a letter to shareholders, addressing the company's current status and future plans. The letter likely includes important updates and strategic directions that could impact the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:31 pm

WMT

Walmart has introduced a new bonus program for its store workers, which can reach up to $1,000 a year. This comes two years after the company ended its quarterly bonuses.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:21 pm

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