Streetbeat News

Corporate Responsibility

CWH

Camping World CFO Karin Bell and President Brent Moody plan to retire in 2024. Tom Kirn will be named CFO, and Matthew Wagner will be appointed President.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 8:17 pm

LL

F9 Investments is urging shareholders to vote for its director nominees on the GOLD proxy card, criticizing LL Flooring's strategic plan and leadership for a 93% stock price decline. F9 highlights the auditor's going concern disclosure and endorses nominees Tom Sullivan, Jason Delves, and Jill Witter to restore value.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 8:08 pm

ODP

ODP Corporation has announced significant changes to its Board of Directors. Wendy Schoppert will assume the role of Independent Board Chair as Joseph Vassalluzzo steps down. Additionally, financial executives Amy Schioldager and Evan Levitt will join the Board, with all changes effective on June 10, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 8:04 pm

MSFT

Microsoft is cutting hundreds of employees from its Azure cloud business, with reports suggesting as many as 1,500 job cuts. This move is part of a broader effort to streamline operations and improve efficiency within the company.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 7:54 pm

MSFT

Microsoft has announced layoffs in its mixed reality division but will continue selling the HoloLens 2 headset. The company remains committed to the Department of Defense's IVAS program and will keep investing in the broader mixed reality hardware ecosystem. Despite the layoffs, Microsoft will support existing HoloLens 2 customers and partners.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 7:52 pm

PARA

PARAA

National Amusements, the holding company of the Redstone family, is reviewing a proposal from Skydance. This was confirmed in an emailed statement cited by Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 7:01 pm

JPM

SOFI

SoFi Technologies Inc (NASDAQ:SOFI) shares are trading lower following the announcement of Stephen Simcock as the new General Counsel, replacing Rob Lavet who will retire but remain as an advisor and director of SoFi Bank. Despite trending on Stocktwits, trading volume was below average. Analysts generally view SoFi as a Buy, although recent performance has been lackluster.

Portfolio Pulse from Adam Eckert

June 03, 2024 | 6:38 pm

SONY

Naughty Dog, a subsidiary of Sony Group Corp. (NYSE: SONY), is working on multiple single-player projects, moving beyond its well-known The Last of Us franchise. Studio head Neil Druckmann emphasized the studio's commitment to strong narratives and character-driven experiences.

Portfolio Pulse from Franca Quarneti

June 03, 2024 | 5:57 pm

AMD

COHR

LSCC

ROKT

TINY

Coherent Corp. (NYSE:COHR) shares are trading higher after appointing Jim Anderson as the new CEO. Anderson's previous role was at Lattice Semiconductor (NASDAQ:LSCC), whose stock fell after his departure. Anderson has a strong background in leadership roles at Advanced Micro Devices (NASDAQ:AMD) and other companies. Investors can also gain exposure to Coherent through ProShares Nanotechnology ETF (NYSE:TINY) and SPDR S&P Kensho Final Frontiers ETF (NYSE:ROKT).

Portfolio Pulse from Lekha Gupta

June 03, 2024 | 5:35 pm

WKEY

WISeKey's subsidiary WISe.ART has partnered with the Sustainable Fashion Innovation Society to host a Phygital Sustainability Expo in Rome. This collaboration aims to promote sustainability in the fashion industry through a blend of physical and digital experiences.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 5:07 pm