Streetbeat News

Corporate Responsibility

AAPL

SPOT

Spotify criticizes Apple's proposed changes, claiming they do not align with the goals of the Digital Markets Act (DMA). Spotify argues that Apple's suggestions would undermine the DMA's objectives to ensure fair competition and choice for consumers in the digital market.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 9:04 pm

X

U. S. Steel has reached a consent decree with Allegheny County Health Department, Clean Air Council, and PennEnvironment regarding its Clairton Plant. The agreement includes $19.5 million in upgrades to coke oven gas cleaning facilities and a $4.5 million contribution to local community projects. Additionally, Clairton battery #15 will be permanently idled with no job losses, and U. S. Steel will pay $500,000 to the Allegheny County Clean Air Fund and cover litigation costs for PennEnvironment and Clean Air Council.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 9:02 pm

AAL

BA

LUV

UAL

Boeing Company (NYSE:BA) faces criticism from airline CEOs due to quality control and manufacturing issues, leading to a grounding of 737 Max jets by the FAA. United Airlines (NASDAQ:UAL) expects a Q1 loss and plans without Boeing's Max 10. American Airlines (NASDAQ:AAL) demands a quality product from Boeing. Southwest Airlines (NYSE:LUV) supports FAA oversight for Boeing's improvement. Boeing apologizes and commits to a plan for improvement. Stock prices for BA, UAL, AAL, and LUV have been affected.

Portfolio Pulse from Erica Kollmann

January 26, 2024 | 8:45 pm

JBLU

JetBlue has announced a program that excludes pilots, flight attendants, and technicians. The nature of the program is not specified in the article.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 8:01 pm

JBLU

JetBlue Airways is looking to lower its fixed costs by offering voluntary departure packages to employees in corporate, airport, and customer support roles. These packages include pay and benefits for those choosing to leave.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 8:01 pm

ALK

BA

UAL

The FAA has not approved Boeing's (NYSE:BA) planned expansion for the 737 Max aircraft due to quality issues, but has allowed the 737 Max 9 to return to service for United Airlines (NASDAQ:UAL) and Alaska Air Group (NYSE:ALK). Moody's maintained Boeing's Baa2 rating with a stable outlook, despite considering the news as 'one step forward, two steps back.' Alaska Air plans to resume flights with the 737 Max 9, and United Airlines is expected to follow. Boeing's stock is up 1% on Friday but down 21% YTD.

Portfolio Pulse from Chris Katje

January 26, 2024 | 7:34 pm

CINF

Stephen M. Spray, currently the President of Cincinnati Financial Corporation, is set to take on the additional role of CEO. This leadership change may signal continuity and stability within the company's management structure.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 7:17 pm

NVVE

Nuvve Holding Corp. (NASDAQ:NVVE) shares fell after the company filed for a public offering of 2.3 million shares, along with various series of warrants. Additionally, CEO Gregory Poilasne's employment agreement was amended, with a salary change scheduled for 2024. The company was awarded a $16 million project for fleet electrification, and there was a change in board leadership with Jon M. Montgomery appointed as Interim Chairperson following Rashida La Lande's resignation. NVVE shares dropped 28.7% to $3.55.

Portfolio Pulse from Nabaparna Bhattacharya

January 26, 2024 | 6:56 pm

SPY

U.S. Commerce Secretary Raimondo has expressed concerns about China or non-state actors potentially using U.S. cloud services for AI model training. She emphasized that U.S. computing companies should be responsible for identifying their customers, especially those training large AI models.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 6:45 pm

TSLA

Wedbush analyst Daniel Ives lowered Tesla's price target from $350 to $315 and removed it from the Best Ideas List after a disappointing Q4 report and vague 2024 guidance. Ives criticized Tesla's earnings call and suggested a 10-point plan to improve share performance, including a $10 billion buyback, a new 'X Holding' structure for AI initiatives, maintaining automotive margins, hosting an AI Day, securing outside capital for X/Twitter, a new CEO compensation package, setting a Model 2 production timeline, returning to formal guidance, AI acquisitions, and setting long-term AI targets.

Portfolio Pulse from Chris Katje

January 26, 2024 | 6:15 pm