Streetbeat News

Corporate Responsibility

TRIP

Tripadvisor's stock is trading higher following the announcement that it has established a Special Committee of independent board members to assess proposals.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:36 pm

AEP

American Electric Power (AEP) has entered into an agreement with Icahn Capital L.P., leading to the addition of Hunter C. Gary and Henry P. Linginfelter to its board. The agreement includes customary standstill, voting commitments, and other provisions.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:34 pm

TRIP

Tripadvisor has established a special committee of independent board members to assess proposals, indicating potential strategic changes or transactions.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:33 pm

ETN

Eaton (NYSE:ETN) is advancing its manufacturing capabilities by integrating Industry 4.0 technology into its factories in Juarez, Mexico, and Changzhou, China, enhancing efficiency and sustainability. The company plans to expand its smart factory initiative to three more locations by the end of 2024, including in Austria, Brazil, and the U.S. These efforts are part of Eaton's commitment to modernize its manufacturing footprint, improve product quality, and reduce environmental impact.

Portfolio Pulse from Happy Mohamed

February 12, 2024 | 9:30 pm

STRL

Sterling Infrastructure, Inc. (NASDAQ:STRL) announced the planned retirement of CFO Ronald Ballschmiede in 2024. CEO Joe Cutillo praised Ballschmiede's contributions and confirmed a succession plan is in place, ensuring a smooth transition.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:25 pm

DLA

Delta Apparel announced its ongoing efforts to improve its balance sheet and streamline its cost structure and operations. The company is focused on managing liquidity and working capital, aiming to generate efficiencies and further streamline operations across all business aspects.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:17 pm

KMPR

Kemper Corporation (NYSE:KMPR) has appointed Bradley T. Camden as its new Executive Vice President and Chief Financial Officer, effective immediately. Camden, who has been serving as Interim CFO since September 2023, brings extensive financial leadership experience to the role. He joined Kemper in 2020 and has played a significant role in the company's strategic initiatives, capital market management, and risk management. Prior to Kemper, Camden spent 15 years at Northern Trust Asset Management in various finance leadership roles.

Portfolio Pulse from Happy Mohamed

February 12, 2024 | 9:11 pm

RVTY

Revvity, Inc. (NYSE:RVTY) announced the launch of Signals ClinicalTM, a SaaS clinical data science platform designed to centralize clinical trial data for faster insights and decisions, aiming to accelerate the market delivery of therapeutics. Integrated with Spotfire for advanced visual analytics, it promises to enhance efficiency and collaboration in clinical research, potentially transforming the pharmaceutical, biotechnology, and contract research industries.

Portfolio Pulse from Happy Mohamed

February 12, 2024 | 9:09 pm

BIIB

Biogen has received approval from the European Commission for SKYCLARYS, a treatment for Friedreich's ataxia, a rare and debilitating disorder. Clinical trials showed SKYCLARYS improved patient function compared to placebo, marking a significant advancement in treatment for this condition.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:07 pm

DIS

Walt Disney Company (NYSE:DIS) is facing a significant boardroom battle as shareholders vote on April 3. Activist hedge funds, led by Nelson Peltz of Trian Fund Management and Jason Aintabi of Blackwells Capital, are challenging Disney's current board, citing the company's poor performance and share price decline over the last three years. Disney's CEO, Bob Iger, aims to revitalize the company, while the activists propose strategic changes and new board members to enhance shareholder value. The campaign is expected to cost millions, with Disney estimating its expenses at $40 million, Trian at $25 million, and Blackwells at $6 million.

Portfolio Pulse from Neil Dennis

February 12, 2024 | 8:00 pm