Streetbeat News

Corporate Responsibility

SASR

Sandy Spring Bancorp has promoted Charles S. Cullum to Chief Financial Officer, succeeding Philip J. Mantua, who will retire at the end of the year but remain with the company to support the transition.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:31 am

MAC

Macerich has unveiled a comprehensive plan to deleverage its capital structure, invest in key assets, consolidate joint ventures, and improve internal processes. The company aims to achieve a clean FFO/share of ~$1.80 over the next three to four years.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:21 am

FXI

China's President Xi Jinping has announced a deepening of reforms aimed at addressing systemic and institutional obstacles, as well as structural conflicts. The reforms will involve both destruction and construction, according to state media.

Portfolio Pulse from Charles Gross

May 23, 2024 | 11:13 am

DD

DuPont De Nemours shares are trading higher following the announcement of a plan to separate into three publicly traded companies. The company also reaffirmed its Q2 2024 guidance.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 10:33 am

OPAD

Offerpad has appointed Peter Knag as its new Chief Financial Officer, effective June 5. This leadership change is expected to bring new strategic direction to the company.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 10:31 am

BABA

Alibaba is reportedly considering a $5 billion convertible bond sale, according to Bloomberg. This move could provide the company with additional capital for strategic investments and operations.

Portfolio Pulse from Charles Gross

May 23, 2024 | 10:25 am

NVX

NOVONIX CFO Nick Liveris is set to retire and transition to a Non-Executive Director role.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 8:13 am

MSFT

Microsoft's AI expansion is jeopardizing its goal of becoming carbon-negative by 2030, with emissions rising by 30% since 2020. Despite this, the company remains committed to its environmental goals and believes the benefits of AI will outweigh its environmental impact.

Portfolio Pulse from Benzinga Neuro

May 23, 2024 | 7:23 am

CCEP

Coca-Cola Europacific Partners has appointed Ed Walker as the new Chief Financial Officer, effective July 1. This leadership change could impact the company's financial strategies and performance.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 6:55 am

BJ

DD

MDT

NVDA

ROST

Key stocks to watch today include BJ's Wholesale Club, Nvidia, Medtronic, DuPont, and Ross Stores. Nvidia reported strong financial results and announced a stock split and dividend increase. DuPont plans to split into three companies and has a new CEO. BJ's, Medtronic, and Ross Stores are expected to release their earnings reports.

Portfolio Pulse from Avi Kapoor

May 23, 2024 | 6:02 am