Streetbeat News

Corporate Responsibility

DIS

FOX

WBD

Peter Distad has been appointed as the CEO of a new streaming sports venture, which is supported by major media companies Disney, Fox, and Warner. This move signifies the companies' commitment to expanding their presence in the streaming sports domain.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 6:47 pm

EVA

Enviva has received court approval for its Debtor-in-Possession (DIP) financing and has begun the syndication process for this financing. This step is crucial for Enviva's financial restructuring and operational continuity.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 6:39 pm

FARO

Faro Technologies announced that Yuval Wasserman will return to the role of Chairman effective April 15, 2024, as confirmed by the company's board according to an SEC filing.

Portfolio Pulse from Happy Mohamed

March 15, 2024 | 5:04 pm

BA

LTMAY

The Federal Aviation Administration (FAA) is assembling an expert panel to review Boeing's proposed Multi-Operator Message in response to issues related to Latam Flight 800, according to Reuters.

Portfolio Pulse from Happy Mohamed

March 15, 2024 | 4:54 pm

MCD

McDonald's experienced a global technology system outage at around midnight CDT on Friday, caused by a third-party provider during a configuration change. The company has announced that many markets are back online, and the rest are in the process of coming back online.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 2:51 pm

FSR

Fisker Inc (NYSE:FSR) shares surged 17.5% to $0.18, rebounding from a potential bankruptcy scare reported by WSJ. The company is focusing on raising capital, forming strategic partnerships, and transitioning to a dealer-based model. Fisker's leadership is committed to these initiatives despite recent financial uncertainties.

Portfolio Pulse from Henry Khederian

March 15, 2024 | 2:33 pm

GOOG

GOOGL

Alphabet Inc.'s Google is shutting down its experimental social network, Keen, launched in 2020 under its Area 120 incubator. Despite its innovative use of machine learning for content recommendations, Keen hasn't been updated since December 2021 and will close on March 24, with all user data being deleted. This follows a pattern of project closures and layoffs within Google, including over 1,000 staff in non-hardware teams.

Portfolio Pulse from Rounak Jain

March 15, 2024 | 1:43 pm

LINC

Lincoln Educational Services has appointed John Bartholdson as the new chair of the board, signaling potential strategic shifts or continuity in governance that could influence the company's future direction.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 1:05 pm

CPRT

GE

GRIN

SMR

TNC

As of March 15, 2024, five industrials sector stocks are considered overbought based on their RSI values, indicating potential short-term performance issues. These include Grindrod Shipping Holdings Ltd. (GRIN), NuScale Power Corporation (SMR), Copart, Inc. (CPRT), General Electric Company (GE), and Tennant Company (TNC), each showing significant price movements and corporate developments.

Portfolio Pulse from Avi Kapoor

March 15, 2024 | 12:50 pm

DUK

Duke Energy has announced the appointment of Harry Sideris as President, indicating a significant leadership change within the company.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 12:39 pm