Streetbeat News

Corporate Responsibility

NFLX

Seth Rogen hosted the 'Netflix Is a Joke' variety show in Los Angeles, featuring comedy, music, and cannabis culture. The event included performances by Jerry Seinfeld, Jim Gaffigan, and others, and highlighted marijuana legalization and charity causes.

Portfolio Pulse from El Planteo

May 30, 2024 | 7:43 pm

BA

Boeing has announced a roadmap that includes significant investments in workforce training, simplifying manufacturing processes, eliminating defects, and enhancing safety and quality culture. The company will work under FAA oversight to ensure the delivery of safe, high-quality airplanes.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 7:14 pm

BA

Boeing has presented a comprehensive plan to the FAA aimed at strengthening its safety management, quality system, safety culture, and ODA responsibilities. Actions are currently underway.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 7:13 pm

AVDE

AVSD

UBS

UBS Group AG (NYSE:UBS) announced a significant reshuffle in its Group Executive Board, effective July 2024, including splitting its top wealth management role. The changes aim to streamline operations and emphasize long-term growth, particularly in the Americas and Asia-Pacific. UBS shares rose 2.33% following the announcement.

Portfolio Pulse from Lekha Gupta

May 30, 2024 | 6:50 pm

TECK

Glencore has postponed discussions on spinning off its coal business until after the closure of its $6.93 billion acquisition of Teck Resources' steelmaking coal assets. The decision to potentially spin off the coal unit will be influenced by shareholder consultations, especially considering environmental and social governance concerns.

Portfolio Pulse from Stjepan Kalinic

May 30, 2024 | 6:19 pm

TSLA

Elon Musk clarified on X that there have been no discussions about a role for him in a potential Trump presidency.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:53 pm

TKO

A former WWE employee has agreed to delay her lawsuit against Vince McMahon at the request of the DOJ, which is conducting its own investigation. McMahon has denied the claims and stepped down from his role at TKO Group Holdings Inc.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:37 pm

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IYE

SEPLF

SHEL

TTE

XLE

XOM

Exxon Mobil Corporation (NYSE:XOM) is renewing its lease on its Lagos office while scaling down operations in Nigeria. The company is relocating staff to a smaller office and is nearing the closure of an asset sale to Seplat Energy (OTC:SEPLF). Other oil companies like Shell (NYSE:SHEL), TotalEnergies (NYSE:TTE), and Eni (NYSE:E) are also planning to exit Nigeria due to security concerns.

Portfolio Pulse from Lekha Gupta

May 30, 2024 | 4:49 pm

BAC

Bank of America CEO stated that any reduction in proposed capital rules would enable more stock buybacks.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 3:51 pm

EVBG

Everbridge, a crisis management software company, reported a corporate systems breach exposing business and user data. The breach was detected on May 21 and involved data accessed through a previous phishing attack. Everbridge is working with Mandiant and Stroz Friedberg to assess the impact and has urged customers to enable multi-factor authentication (MFA) by June 3, 2024. The company is also being taken private by Thoma Bravo in a $1.8 billion deal.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 3:48 pm