Streetbeat News

Corporate Responsibility

TWO

Mary Riskey has resigned from her role as CFO at Two Harbors Investment Corp. William Dellal has been appointed as the interim CFO.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:55 pm

CHK

SWN

Southwestern Energy has discontinued its guidance due to its merger with Chesapeake Energy.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:47 pm

INTC

Intel CEO Pat Gelsinger announced that the company's Q2 financial performance was disappointing despite achieving key product and process technology milestones. The second half of the year is expected to be more challenging than previously anticipated. Intel is leveraging a new operating model to improve efficiencies and accelerate its IDM 2.0 transformation.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:06 pm

INTC

Intel has announced the suspension of its dividend starting in Q4 2024 to prioritize liquidity for strategic investments. The company remains committed to a competitive dividend in the long term as cash flows improve.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:05 pm

INTC

Intel (INTC) has announced a $10 billion cost reduction plan aimed at increasing efficiency and market competitiveness. The plan includes a more than 15% headcount reduction to resize and refocus the company.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:04 pm

WMG

Warner Music Group (WMG) has announced a reorganization of its recorded music operations. CEO Max Lousada will step down at the end of the fiscal year on September 30. Elliot Grainge will become the CEO of Atlantic Music Group starting in fiscal year 2025.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 7:58 pm

GM

General Motors (GM) has announced a change in its performance rating system for salaried employees, aiming to better identify high and low performers. This change was reported by Reuters, citing an internal memo.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 7:34 pm

BA

ITA

MISL

Boeing's stock is trading lower following a Q2 earnings miss, but analysts have raised price targets due to the appointment of a new CEO and anticipated delivery growth. Despite a revenue decline and adjusted loss per share missing consensus, analysts see potential for a turnaround with increased production and delivery rates. Boeing's stock has lost around 25% in the last 12 months.

Portfolio Pulse from Lekha Gupta

August 01, 2024 | 5:45 pm

SPY

President Biden announced the release of American prisoners from Russia, highlighting the significant concessions made by Germany without asking for anything in return. The deal underscores the importance of alliances and international cooperation.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 5:28 pm

CRWD

DAL

CrowdStrike reported that Delta Airlines rejected their efforts to assist in recovery, potentially indicating a cybersecurity issue or a disagreement between the two companies.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 5:21 pm