Streetbeat News

Corporate Responsibility

SPR

Spirit AeroSystems announced that Mark Suchinski is stepping down as Senior Vice President and Chief Financial Officer (CFO). Irene Esteves has been appointed as the new CFO effective immediately.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:31 am

DE

Deere & Company announced a plan to reduce production and its salaried workforce to align with strategic priorities. The activities related to salaried employees are expected to occur in the third quarter of fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:12 am

META

A former Meta Platforms Inc. engineer, Ferras Hamad, has filed a lawsuit against the company, alleging wrongful termination and bias in handling Gaza-related content. Hamad claims he was fired for addressing bugs that suppressed Palestinian posts on Instagram and for filing an internal discrimination complaint. The lawsuit highlights ongoing criticisms of Meta's content moderation policies during the Israel-Hamas conflict.

Portfolio Pulse from Ananya Gairola

June 05, 2024 | 7:44 am

AUPH

Aurinia Pharmaceuticals issued a letter to shareholders addressing concerns about shareholder Lucien Selce's credibility. The company recommends shareholders review a report from proxy advisor Glass Lewis, which supports the re-election of all nine incumbent directors.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 9:35 pm

NYCB

New York Community Bancorp (NYCB) has announced that President and CEO Joseph Otting will assume the additional role of Executive Chairman effective June 5, 2024. Alessandro P. DiNello will step down as Non-Executive Chairman but will remain a Board director and senior advisor to the CEO.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 9:07 pm

TRP

TC Energy shareholders have approved the spinoff of the company's liquids pipelines business. Shareholders will receive one new common share of TC Energy and 0.2 of a common share in a new public company named South Bow Corporation for each common share of TC Energy held.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 9:04 pm

WFRD

Weatherford has signed a Memorandum of Understanding (MoU) with QatarEnergy to advance the Tawteen In-Country Value Program. The terms of the agreement have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:31 pm

CRNC

Cerence Inc. (NASDAQ:CRNC) has appointed Tony Rodriquez as its interim CFO, effective June 4, 2024. Rodriquez brings over 25 years of financial leadership experience across various industries.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:18 pm

ALSN

Allison Transmission Holdings, Inc. (NYSE: ALSN) has appointed G. Frederick Bohley III as the new Chief Operating Officer, effective immediately. This decision was approved by the company's Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:14 pm

GOOG

GOOGL

MSFT

An open letter signed by current and former employees of AI companies, including OpenAI, Anthropic, and Alphabet Inc's Google DeepMind, calls for better transparency and protections for whistleblowers. The letter highlights risks such as inequality, misinformation, and autonomous weapons, and criticizes the lack of effective oversight and whistleblower protections.

Portfolio Pulse from Vandana Singh

June 04, 2024 | 7:53 pm