Streetbeat News

Labor Issues

OI

O-I Glass, Inc. (NYSE:OI) announced Gordon J. Hardie as its next CEO effective May 15, 2024, succeeding Andres Lopez. Hardie, with over 35 years of leadership experience, previously served at Bunge Limited. John H. Walker, the Independent Board Chair, will retire at the 2024 Annual Meeting. O-I also nominates Eric J. Foss and Cheri Phyfer for Board election, aiming to continue its innovation and growth in the glass manufacturing industry.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:55 pm

SPY

USA Continuing Jobless Claims decreased to 1,791K from a revised prior of 1,810K, indicating a slight improvement in the job market.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:30 pm

SPY

US initial jobless claims came in at 221,000, exceeding the estimated 213,000. This indicates a higher than expected number of layoffs.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:30 pm

STVN

Stevanato Group S.p.A. (NYSE:STVN), a global provider of drug containment and delivery solutions, announced Ugo Gay as its new Chief Operations Officer (COO). Ugo Gay, with nearly three decades of experience in industry and business management, aims to drive operational efficiency, process standardization, and sustainable growth at Stevanato Group. His previous roles include leadership positions at the Biological Chemotherapy Institute of Turin and CEO of Diasorin Italia S.p.A.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:14 pm

FNA

Paragon 28 announced the departure of CFO Stephen Deitsch on April 5 and appointed Kristina Wright as the interim CFO. This change in financial leadership could impact the company's strategic direction and financial planning.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:04 pm

SPY

The Challenger Job Cuts report indicated an increase in job cuts to 90,309 in March from 84,638 in February.

Portfolio Pulse from Charles Gross

April 04, 2024 | 11:34 am

AMLX

Amylyx Pharmaceuticals announced a workforce reduction of about 70% to concentrate on key clinical and preclinical programs, extending its cash runway into 2026.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 11:17 am

GLD

SPY

USO

Global markets saw varied performance with Asia and Europe posting gains while the US markets ended mixed. The S&P 500 and Nasdaq rose, despite a slowdown in the US services sector and no hints of interest rate cuts from Fed Chair Jerome Powell. Job additions in March exceeded expectations, but the ISM services PMI fell short of forecasts. Energy materials and communication services led S&P 500 sector gains, while utilities and consumer staples declined. Crude oil traded above $85, and gold reached a new high at $2,310.

Portfolio Pulse from Akanksha Bakshi

April 04, 2024 | 10:48 am

VIAO

VIA optronics AG announced the resignation of CFO Markus Peters, effective March 31, 2024. Bernd Wagner, appointed Interim CFO in November 2023, will continue overseeing the finance department and the filing of financial statements.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 10:35 am

TSLA

Elon Musk revealed that OpenAI is poaching Tesla engineers with 'massive compensation' offers, highlighting a fierce talent war in AI. Tesla's Ethan Knight is the latest to leave for Musk's AI venture, xAI, amidst this backdrop. Musk's efforts to retain talent include moving engineers to xAI and increasing Tesla AI team's compensation based on progress milestones. This situation unfolds as Musk faces a legal battle with OpenAI, a company he co-founded and left.

Portfolio Pulse from Ananya Gairola

April 04, 2024 | 1:52 am