Streetbeat News

Corporate Responsibility

ASTE

Astec Industries announces CFO Rebecca A. Weyenberg's immediate step down, with Heinrich Jonker serving as interim CFO. Weyenberg will stay on in an advisory role until April 30, 2024, to aid the transition. The company's Board of Directors has begun searching for a new CFO, employing a nationally recognized search firm to evaluate candidates.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:08 pm

MEI

Methode Electronics announced the suspension of forward-looking guidance due to the recent CEO transition and various market and operational challenges. This decision reflects the company's current uncertainty about its future performance.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:03 pm

AAPL

Apple Inc. is under scrutiny by the European Union for terminating Epic Games' developer account, preventing it from launching its own app store for iPhone users in Europe. This action could lead to another legal clash and potential penalties under the EU's new Digital Markets Act. The incident is part of ongoing controversies involving Apple's App Store policies, including a recent $1.95 billion EU fine for excluding music-streaming competitors and backlash over a 27% fee on sales from app links.

Portfolio Pulse from Rounak Jain

March 07, 2024 | 11:57 am

ZOM

Zomedica announced the publication of a case series article supporting the use of PulseVet electro-hydraulic shock wave therapy in treating canine patients with fibrotic myopathy. This development could enhance Zomedica's product portfolio and market position in veterinary health solutions.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:38 am

KALV

KalVista Pharmaceuticals announced the appointment of Benjamin L. Palleiko as Chief Executive Officer and a Director of the company, effective immediately. Palleiko previously held the positions of President, CBO, and CFO at KalVista.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:31 am

TTSH

Tile Shop has announced Mark B. Davis as its new CFO, effective April 1, 2024, replacing Karla Lunan. This change was disclosed in an 8-K filing.

Portfolio Pulse from Charles Gross

March 07, 2024 | 11:09 am

AAPL

Y Combinator co-founder Paul Graham criticized Apple Inc. (NASDAQ:AAPL) for its decision to terminate Epic Games' developer account, highlighting a broader discontent among app developers and tech personalities with Apple's policies on app store alternatives and payment options. The criticism comes amid Apple's ongoing feud with Epic Games over app store policies and payment systems, with Apple accused of non-compliance with court orders. The situation raises questions about Apple's power and its impact on developers and the tech industry.

Portfolio Pulse from Rounak Jain

March 07, 2024 | 8:42 am

TSLA

Tesla Inc's Vice President, Rohan Patel, defended the company's sustainability efforts at its Berlin gigafactory, highlighting water conservation, solar capacity, and tree planting initiatives. Despite an arson attack by the Volcano Group causing a temporary production halt, Patel remains confident in the factory's resilience. The Berlin facility's sustainability measures and economic contributions to the local community were emphasized, alongside Tesla's commitment to expansion despite local opposition.

Portfolio Pulse from Anan Ashraf

March 07, 2024 | 8:40 am

LOGI

Logitech has announced that it is now accepting applications for its second annual Future Positive Challenge for the 2024 season. This initiative is part of Logitech's efforts to promote sustainability and innovation.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 8:17 am

WMG

Warner Music Group (WMG) has expressed interest in acquiring Believe SA, a French digital music company, for at least €17/share. WMG's proposal, announced on February 27, 2024, aims to provide Believe with strategic support and financial stability, contrasting with a previous offer from a consortium led by EQT, TCV, and Denis Ladegaillerie. WMG's offer could include a cash component and possibly shares, without financing conditions, pending necessary regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 8:03 am