Streetbeat News

Corporate Responsibility

BLUE

bluebird bio has appointed James Sterling as its new CFO, effective June 10, 2024. Sterling will succeed Chris Krawtschuk. Sterling was previously the CFO of Renalytix plc.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:08 am

CTM

Castellum announced that Mark Fuller, Co-founder and CEO, will be stepping down. Glen Ives, currently the Chief Operating Officer, will take over as the new CEO effective July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:49 am

LLAP

Terran Orbital has announced key appointments to its executive team to accelerate revenue growth and achieve free cash flow positivity.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:34 am

AAL

DAL

UAL

American Airlines (AAL) shares are trading lower after the company lowered its earnings and operating margin forecasts. This has also impacted shares of United Airlines (UAL) and Delta Air Lines (DAL). United Airlines reiterated its outlook, while American Airlines is undergoing a strategic shift and leadership changes.

Portfolio Pulse from Nabaparna Bhattacharya

May 29, 2024 | 10:27 am

LLY

Eli Lilly announced a $6.5 million donation to the United States Fund for UNICEF to support health initiatives for children and youth at risk of noncommunicable diseases in resource-limited settings in India.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:08 am

MOD

Modine has announced a collaboration with RYDE Racine to support sustainable mobility solutions across the city of Racine.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:01 am

CPB

Campbell Soup Company (NYSE:CPB) announced a strategic revamp of its supply chain, including the closure of the Tualatin plant and changes at the Jeffersonville plant, impacting 415 jobs. The company will invest $230 million in newer facilities, creating 210 new roles. CPB shares closed 2.47% lower at $44.22.

Portfolio Pulse from Shivani Kumaresan

May 29, 2024 | 9:59 am

BABA

JD

LNVGY

Lenovo Group Ltd. (OTC:LNVGY) will issue $2 billion in zero-coupon convertible bonds to Saudi Arabia's Public Investment Fund. The bonds will convert at a 12% discount to Lenovo's share price and represent about 12% of current capital upon maturity. Lenovo plans to establish an R&D center in Riyadh and expand production in the region. This move aligns with the PIF's strategy to diversify Saudi Arabia's economy and increase investments in Asian tech firms.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 9:45 am

AAL

CAVA

CWCO

GME

LPA

NVAX

OKLO

SMR

Several major stocks, including American Airlines, CAVA Group, and others, are experiencing declines in Wednesday's pre-market session. American Airlines shares fell sharply due to executive departure and lowered Q2 guidance.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 9:16 am

GOGL

Golden Ocean announced that CEO Lars-Christian Svensen has decided to step down. CFO Peder Simonsen has been appointed as interim CEO and CFO.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 8:09 am