Streetbeat News

Corporate Responsibility

F

Ford plans to enhance capital efficiency by selectively reducing investments and setting higher expected returns for approved green initiatives. This strategic shift aims to optimize resource allocation and focus on more profitable and sustainable projects.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:09 pm

HRB

H&R Block's CFO, Tony Bowen, has announced plans to retire but will remain with the company until September 2024. H&R Block will start an external search for his replacement.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:09 pm

ALK

BA

SPR

A preliminary NTSB report indicates that four key bolts were missing from a door plug on a Boeing 737 Max 9, leading to its detachment during an Alaska Air flight. The FAA grounded 171 Boeing Max 9s, later allowing them to return to service. The NTSB's findings suggest Boeing's responsibility, with CEO Dave Calhoun acknowledging the company's mistakes. The FAA is auditing Boeing's production, including fuselage production at Spirit Aerosystems, and has halted Boeing's 737 MAX production expansion.

Portfolio Pulse from Adam Eckert

February 06, 2024 | 9:02 pm

BUD

DWAC

Donald Trump endorsed Anheuser-Busch InBev on Truth Social, calling it a 'Great American Brand' deserving a second chance, despite a recent advertising mistake. He highlighted the company's significant contributions to American farmers, employment, veterans, and educational scholarships through Folds of Honor.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 8:46 pm

AAPL

TSLA

A Delaware judge voided Tesla CEO Elon Musk's $55 billion compensation plan, leading to Tesla shareholders rallying in support. They propose a new compensation plan aiming for Tesla to surpass Apple and Saudi Aramco's combined market cap of $4.9 trillion. The plan suggests vesting shares to grant Musk 25% ownership. Tesla's board faces decisions on Musk's compensation amidst this support, with over 5,000 shareholders backing a new plan.

Portfolio Pulse from Chris Katje

February 06, 2024 | 8:45 pm

BA

SPR

Spirit Aerosystems has announced its commitment to continuous improvement in processes, working closely with Boeing and regulators, following a report by the National Transportation Safety Board (NTSB).

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 8:06 pm

BA

Boeing has announced its commitment to enhancing the quality and stability of its 737 production system, as reported by Reuters. This move is aimed at addressing recent concerns and ensuring the reliability of its manufacturing processes.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 8:04 pm

BA

Boeing has expressed appreciation for the U.S. National Transportation Safety Board's (NTSB) efforts and has committed to reviewing their findings quickly. The company acknowledges its accountability for the events in question, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 8:04 pm

AMZN

Amazon is implementing a new cost-cutting mandate that includes laying off hundreds of employees at its One Medical and Pharmacy units. This move is part of a broader strategy to reduce expenses across the company.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 7:23 pm

MOS

The EPA has settled with Mosaic Fertilizer and Tampa Port Services for Clean Air Act violations at a Louisiana facility. The settlement includes over $217,000 in penalties, installation of ammonia gas monitors, and equipment donations to local emergency services.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 6:56 pm