Streetbeat News

Corporate Responsibility

GIL

Turtle Creek Asset Management has issued an open letter to the board of Gildan Activewear, urging them to call a special meeting without delay. The content of the letter and the specific reasons for the request for a special meeting were not disclosed in the article.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:49 pm

TCRT

Alaunos Therapeutics has appointed Dale Curtis Hogue as its interim CEO, effective January 20, 2024, according to an SEC filing. Hogue will also continue his role on the company's board.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:38 pm

VRM

Vroom, Inc. (VRM) shares have dropped following the company's announcement that it will cease its ecommerce operations and shut down its used vehicle dealership business.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:35 pm

NBTB

NBT Bancorp announced that John H. Watt will step down as President and CEO on May 21, 2024. Scott A. Kingsley has been promoted to succeed Watt. Watt will continue to serve on the Board of Directors and will be named Vice Chairman in May. The succession plan was unanimously approved by NBT's Board of Directors after a 10-month process.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:24 pm

DIS

Blackwells Capital has filed a preliminary proxy statement for Disney's 2024 Annual Meeting, advocating for changes in the board to support Disney's transformation. They have reiterated their demand for Trian to end its campaign and have invited Ike Perlmutter to meet with their nominees. Blackwells insists that Disney should disseminate information equally among all shareholders, not just ValueAct.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:23 pm

PATH

UiPath, Inc. (NYSE:PATH) shares experienced an uptick on Monday, rising over 7.50%, breaking away from a selloff that began at the end of December. The stock had reached a 52-week high at the end of December but then fell nearly 20% due to rising Treasury yields and general market weakness. The recent rise in shares did not have a major catalyst, although the company announced Pradeep Kumar as the new Senior Vice President of Services and Customer Success. Additionally, UiPath appointed Rob Enslin and June Yang to its Board of Directors and received an updated price target from Barclays analyst Raimo Lenschow, who maintained an Equal-Weight rating and raised the target from $21 to $23.

Portfolio Pulse from Ryan Gustafson

January 22, 2024 | 9:12 pm

VRM

Vroom, Inc. is shutting down its e-commerce operations for used vehicles, halting transactions through its website vroom.com, and intends to sell its existing used vehicle inventory through wholesale channels.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:11 pm

JKHY

Jack Henry & Associates announced that its Board Chair and CEO, David Foss, will retire from his current role on June 30, 2024. He will then become the Executive Board Chair. Greg Adelson will take over as CEO and President starting July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:11 pm

INTU

The FTC has found Intuit Inc. guilty of deceptive advertising for claiming TurboTax was a 'free' service, despite most tax filers being ineligible for the free version. The Commission's order requires Intuit to cease deceptive ads and accurately disclose eligibility for free products. This decision is seen as a victory for consumers and a warning to other businesses about misleading 'free' claims.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:11 pm

SPY

The Federal Reserve's Inspector General reported that former Boston Fed President Eric Rosengren's trading activities created an appearance of a conflict of interest. The trades in question occurred during 2020 when the Fed was actively involved in market interventions due to the COVID-19 pandemic. Rosengren's transactions included real estate investment trusts (REITs), which could have been influenced by Fed policies. The report did not find actual wrongdoing but highlighted the need for clearer guidelines to prevent such perceptions in the future.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 7:07 pm