Streetbeat News

Corporate Responsibility

SBUX

Former TD Ameritrade CEO Joe Moglia criticized Starbucks CEO Laxman Narasimhan's handling of the company's falling stock performance on CNBC's 'Last Call'. Moglia disagreed with Narasimhan's optimism about the company's plan despite a decline in stock value, following a disappointing quarterly performance with a global decline in comparable store sales of 4%, affected by weather conditions and global conflicts. Starbucks' stock closed at $72.90 and was slightly up in after-hours trading.

Portfolio Pulse from Benzinga Neuro

May 07, 2024 | 6:14 am

TSLA

Elon Musk has urged Tesla shareholders to vote at the upcoming annual meeting in August, emphasizing the importance of their participation. This plea comes as Tesla seeks approval for a renegotiated 2018 pay plan for Musk, previously nullified by a Delaware Chancery Court, and a proposal to shift Tesla's state of incorporation to Texas. The company has provided various voting methods and highlighted Musk's role in creating shareholder value. Despite some criticism and legal debate over the pay plan's re-approval, Tesla's stock closed up 1.97% at $184.76.

Portfolio Pulse from Shanthi Rexaline

May 07, 2024 | 5:14 am

TSLA

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA) and SpaceX, discussed various topics at MI Global, including immigration, Starlink's impact on GDP, Mars colonization, the absence of AI in space exploration, and personal insights on joy and concerns. The conversation, held with Mike Milken of the Milken Institute, was live-streamed on X (formerly Twitter). Musk emphasized the importance of secure but expedited legal immigration, Starlink's potential to enhance global productivity, the goal of making life multi-planetary to safeguard civilization, and shared personal reflections on what brings him joy and keeps him up at night.

Portfolio Pulse from Ananya Gairola

May 07, 2024 | 1:51 am

NB

NioCorp Developments Ltd. (NASDAQ:NB) has received a preliminary, non-binding indicative financing term sheet from the Export-Import Bank of the United States (EXIM) for $800 million in debt financing for the Elk Creek Critical Minerals Project. This step is part of the initial due diligence and loan application process with EXIM, and NioCorp's management is actively working with EXIM to advance the project further.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 9:17 pm

NBR

VIST

Vista Energy (NYSE:VIST) and Nabors Industries (NYSE:NBR) have signed a contract to deploy a third drilling rig to accelerate the development of Vaca Muerta in Argentina. This expansion aims to increase operational excellence and reduce the carbon footprint of operations, with the rig expected to start in the second half of 2024. The partnership highlights the strategic relationship between the two companies, focusing on technological advancement and environmental sustainability.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 9:11 pm

ARRY

Array Technologies (NASDAQ:ARRY) and DNV Energy USA released a report on solar tracker wind stow strategies, highlighting that Array's new passive stow technology significantly boosts energy production, preserving 99.95% of energy on average during wind stow events. This technology, featured in Array's DuraTrack and OmniTrack products, offers substantial energy production gains and improved reliability over active stow alternatives, reducing energy losses to just 0.05% compared to the average 2.8% with active stow methods.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 9:06 pm

MPW

Medical Properties Trust (MPW) has approved a $75M Debtor-In-Possession financing for Steward Health Care's restructuring. MPW has not committed to further funding and expects Steward to use the financing to maintain patient care and transition hospitals to new operators.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:55 pm

IFF

IFF announced the retirement of CFO Glenn Richter by the end of 2024 and has begun the process to find his successor. Richter's tenure contributed to financial improvements and strategic developments at IFF.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:53 pm

MWA

Mueller Water Products' shares surged following the announcement of exceeding Q2 financial expectations and the appointment of Marietta Edmunds Zakas as the new CEO.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:52 pm

LXFR

Luxfer Holdings PLC (NYSE:LXFR) has received a clean technology grant from Alberta Innovates Hydrogen Centre of Excellence for the development of a new Type 4 700 bar hydrogen cylinder. This development aims to innovate in hydrogen storage with a polymer-lined high-pressure cylinder, enhancing manufacturing efficiency and storage capacity. The project, based in Calgary, Alberta, targets growth markets like fuel cell transit buses and heavy-duty trucks, emphasizing Luxfer's commitment to environmental sustainability and hydrogen storage solutions.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:43 pm