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Corporate Responsibility

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GOOGL

RUM

Rumble (NASDAQ:RUM) has filed a lawsuit against Google (NASDAQ:GOOGL) (NASDAQ:GOOG), seeking over $1 billion in damages for alleged monopolistic practices in digital advertising. Rumble accuses Google of monopolizing the ad stack, striking deals to prevent competition, and unfairly prioritizing YouTube over Rumble in search results. This legal action follows previous lawsuits against Google for similar issues.

Portfolio Pulse from Benzinga Neuro

May 14, 2024 | 6:00 am

BTCUSD

Mark Cuban criticizes the SEC's handling of the Mt. Gox incident and praises Japan's regulatory response. He highlights the SEC's failure to learn from past mistakes and its ineffective approach to protecting investors, contrasting it with Japan's proactive measures.

Portfolio Pulse from Benzinga Neuro

May 14, 2024 | 4:18 am

WMT

Walmart is reportedly laying off hundreds of corporate employees and relocating others, with a push for most remote workers to move to offices. This move affects workers in Dallas, Atlanta, and Toronto, directing them to central hubs like Bentonville, Hoboken, or Southern California. Despite these changes, Walmart will allow part-time remote work, provided employees spend most of their time in offices. This decision follows a trend of workforce reduction and automation expansion, with Walmart aiming for 65% of its stores to be automated by fiscal year 2026.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 3:13 am

CHCI

Comstock has successfully signed four new leases at The Hartford Building in Virginia, indicating a positive development for the company and potentially increasing its revenue from these properties.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 9:08 pm

HSAI

Louis T. Hsieh has resigned from his roles as Global CFO and Board Director of Hesai Group (HSAI) for personal and family reasons, effective immediately. Norman Fan will take over the interim financial and reporting responsibilities.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 9:01 pm

HBNC

Horizon Bancorp has announced the appointment of John Stewart as its new Chief Financial Officer (CFO).

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 9:01 pm

MPC

Marathon Petroleum announced a leadership transition, with Mike Hennigan moving from CEO to Executive Chairman of the Board, and Maryann Mannen being elected as the new President and CEO.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 9:00 pm

MPC

Marathon Petroleum announced a leadership transition effective August 1, 2024. Maryann T. Mannen will become CEO, replacing Michael J. Hennigan, who will become Executive Chairman. John Surma will serve as Lead Director.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 8:48 pm

AEP

American Electric Power (AEP) has announced it will keep its AEP Energy retail business, reaffirming its FY24 earnings guidance of $5.53-$5.73 per share, with a long-term growth rate of 6%-7% and an FFO/Debt target of 14%-15%.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 8:45 pm

GOOGL

MSFT

NVDA

Senate Majority Leader Chuck Schumer is set to unveil a comprehensive AI 'road map' aimed at guiding the United States in AI research, development, and regulation. This initiative, expected to cost billions of dollars, underscores the government's commitment to maintaining a leadership position in AI technology globally. The plan is anticipated to address various aspects of AI, including ethical considerations, competitiveness, and national security. The announcement has implications for major tech and AI-focused companies, potentially influencing their operations, regulatory compliance, and innovation strategies.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 8:40 pm