Streetbeat News

Corporate Responsibility

MSFT

Microsoft Corporation's (NASDAQ:MSFT) top executives' email accounts were hacked by a Russian Intelligence group, as revealed in a regulatory filing. CEO Satya Nadella has called for a 'Geneva convention around cyber' in response to nation-state cyberattacks, emphasizing the need for the U.S., Russia, and China to establish cyber norms. Microsoft confirmed that the breach was not due to vulnerabilities in their products or services.

Portfolio Pulse from Ananya Gairola

January 31, 2024 | 3:31 am

DNB

Dun & Bradstreet announced that its subsidiary has refinanced its term loan and revolving credit facilities, repricing and extending maturities of about $4.0 billion of its secured capital structure.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 10:46 pm

TSLA

A Delaware judge voided Elon Musk's $55-billion compensation plan, which was challenged by a Tesla shareholder for lack of proper investor disclosures. Tesla's board must now propose a new compensation plan for Musk. This ruling could affect Musk's status as the world's richest person, potentially dropping his net worth and ranking. Tesla shares fell 2% in after-hours trading.

Portfolio Pulse from Chris Katje

January 30, 2024 | 10:19 pm

GOOG

GOOGL

During a conference call, Alphabet's CFO announced that the company's capital expenditures (Capex) for 2024 will be significantly higher. This indicates that Alphabet is likely planning to invest more in its infrastructure, research and development, or other areas that could drive future growth.

Portfolio Pulse from Charles Gross

January 30, 2024 | 10:06 pm

POST

Rob Vitale, President and CEO of Post Holdings, is set to return from medical leave effective January 30. His return is expected to bring stable leadership back to the company.

Portfolio Pulse from Charles Gross

January 30, 2024 | 10:02 pm

APOG

Apogee Enterprises announced strategic changes under Project Fortify, including workforce reduction by 250 employees, elimination of lower-margin products, and consolidation of its Architectural Framing Systems segment. Production will be transferred from Michigan to facilities in Missouri and Wisconsin.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:59 pm

MPTI

M-tron Industries has formed a special independent strategic committee to explore strategies to enhance value, including defense engagements, joint ventures, and potential M&A activity in the aerospace and defense industry.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:51 pm

TSLA

A Delaware judge has ruled in favor of plaintiffs challenging Elon Musk's $56 billion compensation package from Tesla, potentially impacting the validity and structure of the package.

Portfolio Pulse from Charles Gross

January 30, 2024 | 9:46 pm

GOOG

GOOGL

During Alphabet's conference call, CEO Sundar Pichai reported that the company's cloud segment experienced accelerated growth, attributing this to the impact of generative AI and product leadership. Pichai also mentioned that Alphabet is experimenting with Gemini AI in its search operations.

Portfolio Pulse from Charles Gross

January 30, 2024 | 9:40 pm

NAVI

Navient, a major player in the student loan servicing sector, has announced plans to outsource its student loan servicing operations following a comprehensive review of its business. Additionally, the company is exploring strategic options for its Business Processing division, which could include a sale or other transaction. These strategic actions are aimed at optimizing Navient's business model and focusing on areas with the most potential for growth and profitability.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:32 pm