Streetbeat News

Labor Issues

THR

Thermon Group announced the departure of Kevin Fox, Senior Vice President and CFO, effective April 12, 2024, to pursue another opportunity. The company is searching for a new CFO, considering both internal and external candidates. Greg Lucas, Vice President and Corporate Controller, will serve as the principal financial officer and accounting officer during the transition.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 9:17 pm

SD

SandRidge Energy, Inc. (NYSE:SD) announced Dean Parrish as the new Chief Operating Officer effective April 1, 2024. Parrish, with the company since 2012 and previously a Production Engineer at EXCO Resources, Inc., has been promoted from Senior Vice President, Operations. The company's Chairman, Jonathan Frates, expressed confidence in Parrish's ability to maximize shareholder value.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:43 pm

ELA

Envela Corp announced the election of John Deluca as Chief Financial Officer, effective March 25, 2024, following Bret Pedersen's notification of his intent to resign from the position.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:24 pm

ICLR

ICON plc's CFO, Brendan Brennan, is set to leave his role in the fourth quarter. This announcement could have implications for ICON's financial strategy and investor confidence.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:16 pm

RGP

Resources Connection, Inc. (RGP) has announced the appointment of Bhadresh Patel as its new Chief Operating Officer (COO). This strategic move aims to strengthen the company's operational capabilities and drive future growth.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:06 pm

AMZN

Amazon Web Services (AWS), a unit of Amazon.Com, Inc (NASDAQ:AMZN), is reducing its workforce in the Sales, Marketing, and Global Services organization, and the Physical Stores Technology team, affecting several hundred positions. The cuts are part of AWS's strategy to streamline operations and focus on critical areas, with a shift towards digital self-service and external partnerships. Despite the layoffs, AWS is still hiring for other parts of its business and aims to reposition affected employees. The job cuts are global, with significant impact expected in Seattle. Amazon has previously made substantial job cuts and seeks to save costs by reducing office space.

Portfolio Pulse from Anusuya Lahiri

April 03, 2024 | 4:28 pm

SPY

Fed Chair Powell announced that monetary policy is currently tight, indicating a significant progress in the labor market towards achieving a better balance. This statement suggests that the Federal Reserve's efforts to manage inflation and employment are having the intended effects.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 4:28 pm

SPY

Fed Chair Powell highlighted the economy's solid growth and a strong but rebalancing labor market. He noted that inflation is on a path to decrease to 2%, albeit on a sometimes bumpy trajectory. The rebalancing of the labor market is evidenced by data on quits, job openings, and surveys from employers and workers, alongside a continued gradual decline in wage growth.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 4:12 pm

ULCC

Frontier's Flight Attendants' Union has expressed opposition to the proposed overhaul of the airline's operation model, stating that any changes require dispute negotiations under the U.S. Railway Labor Act, according to a letter cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 3:46 pm

ABIO

CASA

KTRA

SINT

VIEW

VVPR

U.S. stocks edged lower following the release of positive ADP jobs data, indicating private businesses added 184,000 workers in March, surpassing expectations. Health care shares rose by 0.5%, while consumer staples fell by 0.5%. Kintara Therapeutics, ARCA biopharma, and VivoPower International saw significant stock increases due to merger agreements and a stock buyback program, respectively. Conversely, Casa Systems, View, Inc., and Sintx Technologies experienced substantial declines due to bankruptcy filings and a public offering.

Portfolio Pulse from Avi Kapoor

April 03, 2024 | 1:47 pm