Streetbeat News

Corporate Responsibility

OPTT

Ocean Power Technologies (OPTT) has postponed its annual meeting for the third time until February 28, 2024, due to a lack of quorum. Paragon, led by Chairman and CEO Sham Gad, criticizes OPTT for its poor financial results and board actions, suggesting a disconnect with shareholders. Paragon is also investigating the legality of the meeting's adjournment under SEC rules.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 7:00 am

DOLE

Dole Fresh Vegetables has issued a recall for a limited number of salad kits due to a possible health risk from Listeria monocytogenes. This recall could potentially impact consumer trust and sales in the short term.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 6:49 am

TSLA

Tech analyst Dan Ives has called on Tesla Inc.'s board to secure Elon Musk's leadership through 2030 with a new compensation package, emphasizing the importance of Musk's role in AI and Full Self-Driving. This comes amid a tense climate following a court decision to nullify Musk's $56 billion stock compensation plan, prompting calls for corporate governance changes at Tesla.

Portfolio Pulse from Benzinga Neuro

February 09, 2024 | 6:28 am

DIS

Elon Musk escalated his feud with The Walt Disney Company (NYSE:DIS) and CEO Bob Iger, accusing Disney of 'institutional racism and sexism' based on a memo detailing diversity criteria. Musk criticized Disney's diversity initiatives and expressed concerns over the company's market valuation and performance in streaming and theatrical sectors. This controversy follows Musk's previous criticisms of Iger for suspending advertising on X, the platform Musk acquired.

Portfolio Pulse from Ananya Gairola

February 09, 2024 | 3:36 am

AXS

CLF

NEM

AXIS Capital Holdings Limited's director Stanley A. Galanski bought 7,000 shares. Cleveland-Cliffs Inc. was downgraded by Argus Research from Buy to Hold due to earnings down cycle. ArcelorMittal reported strong financial results for 2023 and plans to enhance EBITDA by $1.8 billion by 2026. Newmont Corporation announced a five-year agreement with Project C.U.R.E. to deliver medical supplies and training, committing $200,000 annually for a total of $1 million.

Portfolio Pulse from Austin DeNoce

February 08, 2024 | 10:33 pm

SXT

Sensient Technologies announced that Senior Vice President and CFO Stephen Rolfs plans to retire on June 30, 2024. Tobin Tornehl will be named CFO following Rolfs' retirement.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 10:25 pm

TSLA

Wedbush analyst Daniel Ives suggests three actions for Tesla's board to improve stock sentiment amid negative narratives and a voided 2018 compensation plan. These include creating a new compensation package for Elon Musk, moving Tesla's incorporation from Delaware to Texas, and having shareholders vote on the new plan. This follows a letter from 5,821 shareholders supporting Musk and the board, and proposing a new compensation plan with specific milestones. Tesla shares are currently down 24% YTD in 2024.

Portfolio Pulse from Chris Katje

February 08, 2024 | 10:23 pm

PI

Impinj, a leading provider of RAIN RFID solutions, has announced a strategic restructuring plan that includes a reduction-in-force affecting approximately 10% of its employees. The company anticipates incurring charges related to this restructuring, primarily for severance benefits, estimated to be between $1.7 million and $2.0 million. These charges are expected to be recognized mostly in the first and second fiscal quarters of 2024.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 10:17 pm

AKU

Akumin Inc. announced leadership changes with Krishna Kumar appointed as CEO, succeeding Riadh Zine. Chandra Westergaard is named General Counsel. The company aims for growth and innovation in radiology and oncology services.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 10:08 pm

MASI

Masimo (NASDAQ:MASI) announced results from a peer-reviewed study showing its SET Pulse Oximetry accurately measures oxygen saturation across different skin tones, even under low perfusion. The study, published in the Journal of Clinical Monitoring and Computing, analyzed over 7,000 data samples from 75 subjects, finding no significant difference in accuracy or bias between Black and White subjects. This adds to evidence supporting the reliability of Masimo SET Pulse Oximetry in diverse conditions.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 9:51 pm