Streetbeat News

Labor Issues

BIO

Bio-Rad Laboratories announced that Andrew Last, Executive Vice President and COO, plans to retire by early September 2024. He will stay on the executive leadership team to ensure a smooth transition as the company searches for his successor.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 8:16 pm

PRLD

Prelude Therapeutics announced that Laurent Chardonnet will no longer serve as CFO, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 8:11 pm

AAPL

An Apple Inc. retail store in Short Hills, New Jersey, has filed to unionize, represented by Communications Workers of America. This marks the first unionization effort at an Apple store after a yearlong pause, involving 104 employees.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 8:01 pm

PBR

Petrobras CEO will continue leading the Brazilian oil giant as tensions with President Lula de Silva ease, according to a Bloomberg report. This development may signal stability in the company's leadership and strategic direction amidst political disputes.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 6:59 pm

AMZN

Chris Brearton is stepping down from his role at Amazon, where he has been instrumental in integrating MGM into Prime Video and Amazon Studios since Amazon's acquisition of MGM for $8.5 billion in 2022. Brearton, who joined MGM in 2018 and took on a broader role post-acquisition, is leaving to pursue a new opportunity. His responsibilities will be redistributed among senior executives, with changes in reporting structures for MGM+ and MGM Television, as well as the MGM Unscripted team. Amazon Studios boss Jennifer Salke and other senior leaders praised Brearton's contributions.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 5:52 pm

EWJ

SPY

X

President Biden commented on the Nippon-U.S. steel deal, emphasizing support for U.S. workers and the alliance with Japan. This statement underscores the administration's commitment to maintaining strong international partnerships while also focusing on domestic labor interests.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 5:42 pm

DAL

Delta Air Lines is actively collaborating with the FAA to address air traffic control staffing shortages and is engaged in efforts in Washington to tackle structural challenges related to infrastructure, as revealed in a recent conference call.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:46 pm

RTX

Pratt & Whitney, a division of Raytheon Technologies (RTX), plans to increase its workforce by 25% at its West Palm Beach Engine Center to accommodate planned growth. This expansion indicates a positive outlook for the company's future operations and demand for its engine products.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:35 pm

DAL

During a conference call, a Delta Air Lines executive mentioned that the intensity of hiring and training within the company has moderated. This indicates a shift in the company's operational focus and could have implications for its future performance and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:24 pm