Streetbeat News

Labor Issues

BOC

Boston Omaha Corporation announced the departure of Co-CEO and Co-Chair Alex Rozek, effective May 9, 2024. Adam Peterson will continue as the sole Chair and CEO, leading the diversified company into its next phase.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 12:08 pm

BPOP

Popular, Inc. has appointed Javier Ferrer as its new President and Chief Operating Officer (COO). This strategic move could signal a new direction or operational strategy for the company, potentially impacting its performance and stock price.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 12:03 pm

F

Ford Motor Company announces leadership changes to bolster its Ford+ plan and drive profitable growth, particularly in EVs, software, and services. John Lawler, current CFO, will become vice chair while continuing as CFO until Sherry House, formerly CFO at Lucid Motors, joins Ford as vice president, Finance, and is planned to succeed Lawler as CFO in early 2025.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 12:03 pm

BRX

James M. Taylor Jr. is set to return as CEO and President of Brixmor Property Group Inc. (BRX) on May 20, 2024, after a medical leave. Brian T. Finnegan will revert to his role as Senior EVP and COO.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 12:01 pm

GXO

GXO Logistics has opened a new distribution hub for Conair, aiming to create around 700 new jobs over the next decade. This expansion is part of GXO's strategy to enhance its logistics capabilities and support Conair's distribution needs.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 11:14 am

AQN

Algonquin Power & Utilities Corp. (NYSE:AQN) has appointed Chris Huskilson as its CEO, effective immediately. Huskilson, who served as Interim CEO since August 2023, will also continue as a Board member.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 10:36 am

SNDA

Sonida Senior Living has appointed Max Levy as its Chief Investment Officer, a newly created position, and announced that Lilly H. Donohue will join its Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 9:33 am

ERIC

Ericsson's Senior Vice President and Head of Market Area Middle East & Africa, Fadi Pharaon, will resign at the end of August. Pharaon has been with Ericsson for 26 years, holding various management positions. A successor will be announced in due course. CEO Börje Ekholm praised Pharaon's contributions to the company.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:57 am

ABNB

DNOW

ENB

HE

RBLX

The Dow Jones surged over 300 points as investor sentiment improved, though the CNN Money Fear and Greed index remained in the 'Fear' zone. Roblox Corp reported strong Q1 results but weak guidance, while Airbnb's shares fell 7% after its earnings report. U.S. jobless claims rose unexpectedly. Most S&P 500 sectors gained, except for information technology. The market awaits earnings from Hawaiian Electric, Enbridge, and DNOW.

Portfolio Pulse from Avi Kapoor

May 10, 2024 | 7:01 am

TSLA

Gene Munster of Deepwater Asset Management commented on the recent departures of senior executives and layoffs at Tesla Inc. (NASDAQ:TSLA), indicating low morale but remains optimistic about Tesla's future growth. Despite current challenges, Munster predicts Tesla will achieve over 25% revenue growth by 2025. The departures of key personnel have raised concerns about Tesla's leadership and future, with Tesla's stock experiencing a slight decline.

Portfolio Pulse from Benzinga Neuro

May 10, 2024 | 6:32 am