Streetbeat News

Corporate Responsibility

META

Meta Platforms Inc. (NASDAQ:META) has filed a lawsuit against its former Vice President, Dipinder Singh Khurana, for allegedly stealing confidential documents before joining a new AI cloud computing startup. Khurana, who worked at Meta for 12 years, is accused of uploading sensitive information to personal cloud storage, leading to the departure of at least eight Meta employees to his new company. The lawsuit was filed in California state court, highlighting Meta's efforts to protect its intellectual property and confidential information.

Portfolio Pulse from Ananya Gairola

March 12, 2024 | 2:41 am

JPM

Edward Snowden criticized JPMorgan CEO Jamie Dimon's stance on Bitcoin, highlighting the irony in Dimon's personal disapproval versus JPMorgan's involvement in Bitcoin-related activities. Despite Dimon's criticism of Bitcoin, citing its use in illegal activities, JPMorgan has offered Bitcoin-centric financial products due to client demand. Bitcoin's price surged past $70,000, reaching a new all-time high, with Ethereum also seeing significant gains.

Portfolio Pulse from Benzinga Neuro

March 12, 2024 | 1:33 am

KLIC

Kulicke and Soffa Industries (KLIC) announced the cancellation of Project W, expecting a reduction in FY24 revenue by approximately $15M. The company plans to redirect its development resources to focus on growth opportunities in Thermo-compression, Vertical Fan-Out, Automotive, and Dispense markets.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:57 pm

METC

UAMY

WS

X

United States Antimony Corporation (UAMY) halts all operations in Latin America to improve cash flow, retaining only the Los Juarez mining claims. United States Steel Corporation (X) invests in Freespace Robotics to support innovation and the regional economy. Analysts provide updates on Ramaco Resources (METC) and Worthington Steel (WS), with a price target increase for METC and a Neutral rating for WS.

Portfolio Pulse from Austin DeNoce

March 11, 2024 | 9:44 pm

DVA

The American Diabetes Association (ADA) and DaVita (NYSE:DVA) have expanded their multi-year collaboration to advance chronic disease prevention, focusing on diabetes and chronic kidney disease (CKD). This expansion, announced during National Kidney Month, includes a $1.5 million contribution from DaVita to the ADA's initiatives. The partnership aims to increase awareness, education, and support, especially in communities of color disproportionately affected by these conditions. Efforts include creating educational materials, a dietitian program, and sponsoring ADA's State of Diabetes events.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:44 pm

AAP

Advance Auto Parts has appointed three new independent directors and entered into a cooperation agreement with Third Point and Saddle Point Management. This strategic move aims to enhance governance and drive shareholder value.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:20 pm

JKHY

Jack Henry & Associates announced that Shanon McLachlan will be promoted to COO in July 2024, while current President and COO Greg Adelson will become President and CEO. McLachlan will also become a Senior Vice President and executive officer, continuing to report to Adelson.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:16 pm

JKHY

Jack Henry & Associates announced the appointment of Shanon McLachlan as its new COO, effective July 1. This strategic move aims to strengthen the company's operational leadership.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:12 pm

KRMD

KORU Medical Systems has announced a feasibility study to explore entering ambulatory infusion settings with a commercialized biologic. This move could potentially expand KORU's market presence and product offerings in the healthcare sector.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:11 pm

CPRT

Copart, Inc. has announced Jeff Liaw as its new CEO and Director, succeeding Jay Adair who will become Executive Chairman. Liaw has been Co-CEO since March 2022, and Adair was CEO from February 2010 to February 2022 before becoming Co-CEO.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:05 pm