Streetbeat News

Corporate Responsibility

LYFT

Lyft has agreed to pay a $2.1 million civil penalty to resolve U.S. charges related to deceptive advertising practices aimed at prospective drivers. This settlement addresses allegations that Lyft misled drivers about potential earnings and benefits.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 7:27 pm

DTE

DTE Energy has announced the operation of its largest solar park, Sauk Solar, in Michigan. The 150-megawatt park will power 40,000 homes and is part of DTE's efforts to meet renewable energy goals.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 4:39 pm

ABNB

Airbnb has announced the extension of its lease for its global headquarters in San Francisco through 2037, reinforcing its commitment to the city and its employees.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 4:38 pm

BAC

Activist investors are reportedly targeting Bank of America, a major financial institution. This could lead to significant changes in the bank's operations or strategy, potentially impacting its stock price.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 4:21 pm

GIFT

RDE, Inc. (NASDAQ:GIFT) is rebranding to Giftify, Inc., effective October 28, 2024. The rebranding reflects the company's evolution to offer broader incentive-based solutions beyond its traditional offerings.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 2:31 pm

ORKT

Orangekloud Technology Inc. (NASDAQ:ORKT) has appointed Mr. Toh Puay-Yong as the new Chief Financial Officer, replacing Ms. Shally Ang, who is resigning due to personal reasons. Mr. Toh will oversee financial and management reporting, corporate services, and compliance.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 1:21 pm

HURC

Hurco Companies, Inc. (NASDAQ:HURC) has announced its vision to lead the future of Autonomous Machining Centers by leveraging AI, mechatronics, and simulation technologies. The company aims to enhance operational efficiency, expand market share through strategic partnerships and acquisitions, and invest in sustainable talent management to drive Industry 5.0 innovation.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 12:07 pm

ZENA

ZenaTech has announced the promotion of several team members in its Zenadrone Drone Business Division and its Enterprise SaaS Software Division, focusing on sales, customer support, and administration.

Portfolio Pulse from Nabaparna Bhattacharya

October 25, 2024 | 11:32 am

CDW

CDW's Chief Commercial and Operating Officer, Chris Corley, will step down to become President, International and Vice Chair, focusing on international strategy. Liz Connelly will take on additional responsibilities as Chief Commercial Officer.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 11:22 am

AAPL

MSFT

NVDA

Microsoft CEO Satya Nadella's compensation rose by 63% to $79.1 million, mainly due to increased stock awards. Despite this, he requested a $5 million reduction in his cash incentive due to cybersecurity breaches. Microsoft is advancing in AI, but faces criticism from Salesforce's CEO.

Portfolio Pulse from Kaustubh Bagalkote

October 25, 2024 | 10:30 am