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Corporate Responsibility

BABA

JD

MPNGF

MPNGY

NTES

TCEHY

Alibaba Group Holding Limited (NYSE:BABA) led a rebound in Hong Kong stocks, ending a two-day decline as optimism grew from the Federal Reserve's openness to policy easing and a private survey showing China's manufacturing industry's expansion. Other tech and e-commerce companies like JD.com Inc (NASDAQ:JD), Meituan (OTC:MPNGF, OTC:MPNGY), NetEase Inc (NASDAQ:NTES), and Tencent Holding Ltd (OTC:TCEHY) also saw gains. Alibaba is exploring the sale of its InTime department store branch, indicating a strategic pivot and refocusing on core e-commerce and cloud computing sectors. Alibaba's stock increased by 1.40% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

February 01, 2024 | 1:13 pm

CROX

Crocs, Inc. announced the appointment of Anne Mehlman as EVP & President of Crocs Brand, succeeding Michelle Poole who plans to retire. Mehlman will continue as CFO until a replacement is found, with a search for a new CFO underway.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 1:02 pm

BRTX

BioRestorative Therapies announced its plans to present preliminary clinical data for its product BRTX-100 at the Orthopaedic Research Society (ORS) 2024 Annual Meeting. This marks a significant milestone for the company as it progresses in its clinical trials.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:38 pm

SIRI

TSLA

Richard Tornetta, a thrash metal drummer and small Tesla investor, has legally challenged Elon Musk's $56 billion pay package, leading to a Delaware court questioning its necessity. Tornetta, holding just nine shares, filed a shareholder derivative lawsuit aiming to rescind Musk's 2018 stock grants, arguing shareholders were inadequately informed. The lawsuit highlights Musk's significant influence over the pay package's terms and approval process. Additionally, Tornetta was involved in a legal case against the sale of Pandora Media to Sirius XM, which settled in 2023.

Portfolio Pulse from Ramakrishnan M

February 01, 2024 | 12:36 pm

GWW

Grainger has announced its plans to open a new 1.2 million-square-foot distribution center in Hockley, Texas, scheduled for 2026. This expansion aims to enhance the company's distribution capabilities and efficiency.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:32 pm

ABOS

Acumen Pharmaceuticals has announced the appointment of James Doherty as President and Chief Development Officer, effective February 1, 2024. This strategic move aims to strengthen the company's leadership as it advances its development programs.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:31 pm

NEO

NeoGenomics has announced its collaboration with Cancer Pledge to support its employees, demonstrating the company's commitment to corporate responsibility and employee welfare.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:17 pm

PLUG

Plug Power announced the completion of its first customer fill of liquid green hydrogen at its Georgia plant, marking a significant milestone in the company's expansion and commitment to green energy solutions.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:16 pm

KEX

Kirby Corp announced the retirement of Chairman Joseph H. Pyne, effective April 26, 2024, after serving since April 2010. Richard J. "Dick" Alario, a board member since 2011 and Lead Independent director since 2021, will succeed him. Additionally, Rocky B. Dewbre will not seek reelection after his term ends on the same date.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:14 pm

PSN

Parsons Corporation has successfully completed a detailed assessment, investigation, and remediation of Per- and Polyfluoroalkyl Substances (PFAS) for a significant industrial client. This achievement underscores Parsons' expertise and capabilities in addressing complex environmental challenges.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 11:47 am