Streetbeat News

Corporate Responsibility

TM

Toyota Motor Corporation (NYSE:TM) plans to end its significant sponsorship deal with the International Olympic Committee (IOC) after the 2024 Paris Games. The deal, valued at $835 million, is the IOC's largest sponsorship. Toyota is reportedly dissatisfied with how the IOC utilized the sponsorship funds. This decision could impact the IOC's future funding, as it relies heavily on sponsorships.

Portfolio Pulse from Benzinga Neuro

May 28, 2024 | 11:32 am

STVN

Stevanato Group has appointed Franco Stevanato, the current Director and Executive Chairman, as its new CEO. He will succeed Franco Moro, who will continue his employment through June 30, 2024, and remain on the Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 11:04 am

PYPL

PayPal Holdings Inc. (NASDAQ:PYPL) is launching an advertising business leveraging its vast user data. The company has hired Mark Grether, former head of Uber’s advertising unit, to lead this new division. This move aims to capitalize on PayPal's extensive data from user purchases and spending behaviors to create an ad network. PayPal's first-quarter profit increased, and the company raised its outlook for the year.

Portfolio Pulse from Benzinga Neuro

May 28, 2024 | 11:04 am

PWR

Quanta Services has appointed Doyle N. Beneby as the new Independent Chairman of the Board. Additionally, Warner L. Baxter and Jo-ann dePass Olsovsky have been elected as new independent directors at the 2024 Annual Meeting of Stockholders.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 10:56 am

NOMD

Nomad Foods has announced the appointment of Ruben Baldew as its new Chief Financial Officer, effective June 17, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 10:16 am

FTAI

FTAI Aviation has terminated its management and advisory agreement with FIG LLC, which was dated July 31, 2022.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 10:03 am

TSLA

Jim Chanos criticizes Elon Musk's recruitment efforts for his AI venture, xAI, while highlighting the irony of Musk's claims about Tesla being an AI/robotics company. This comes ahead of Tesla's annual shareholder meeting, where Musk's controversial compensation plan is up for reconsideration.

Portfolio Pulse from Shanthi Rexaline

May 28, 2024 | 9:34 am

DIS

SONY

Sony has appointed Gaurav Banerjee, a Walt Disney executive, as the new CEO for its India operations. This move is expected to strengthen Sony's position in the Indian market.

Portfolio Pulse from Charles Gross

May 28, 2024 | 9:26 am

KYSEY

Kyushu Electric Power Co. (OTC:KYSEY) has raised $191 million through Japan's first nuclear-focused environmental bond. The funds will be used for nuclear-related projects, reflecting Japan's commitment to carbon neutrality by 2050 and the growing importance of nuclear energy in the country's energy transition.

Portfolio Pulse from Benzinga Neuro

May 28, 2024 | 9:11 am

BOX

ESLT

GIL

GME

HEI

Key stocks to watch today include Box, Gildan Activewear, Elbit Systems, GameStop, and HEICO. Box and HEICO are expected to report earnings, Gildan Activewear has new leadership, Elbit Systems will release earnings, and GameStop completed its equity offering program.

Portfolio Pulse from Avi Kapoor

May 28, 2024 | 6:17 am