Streetbeat News

Labor Issues

FCCO

First Community Corporation (FCCO) announced leadership changes at First Community Bank. J. Ted Nissen will become CEO of the bank while retaining his role as President and join the Board of Directors on July 1, 2024. Joseph A. 'Drew' Painter and Vaughan R. Dozier, Jr. will become Executive Vice Presidents as Co-Chief Commercial and Retail Banking Officers starting January 1, 2024. Michael C. 'Mike' Crapps remains President and CEO of First Community Corporation, focusing on governance and growth strategies.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 2:16 pm

JCI

Johnson Controls International disclosed in an SEC filing that it executed actions related to workforce reductions during Q4. These actions are likely part of cost management or restructuring efforts.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 1:38 pm

SPY

USA Continuing Jobless Claims came in at 1,876K, slightly below the estimate of 1,887K and higher than the prior figure of 1,856K.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 1:31 pm

SBUX

Starbucks Corporation (NASDAQ:SBUX) has been cleared of engaging in anti-union practices according to a report. The investigation, prompted by employee complaints to the NLRB, found no evidence of union obstruction. Starbucks was advised to improve its approach to unionization and update its Global Human Rights Statement. The company's shares are trading higher by 0.69% in premarket.

Portfolio Pulse from Nabaparna Bhattacharya

December 14, 2023 | 12:23 pm

TSLA

Tesla Inc (TSLA) has implemented a workaround in Sweden to address the issue of undelivered license plates due to a strike by IF Metall, a workers' union. Customers can now order plates directly after purchasing or leasing a vehicle, despite a Swedish court ruling that PostNord is not required to deliver plates to Tesla. The strike continues without resolution, but Tesla claims over 90% of its workforce is still working and that its employment terms meet or exceed union demands.

Portfolio Pulse from Anan Ashraf

December 14, 2023 | 12:11 pm

GOOG

GOOGL

Google CEO Sundar Pichai acknowledged the negative impact of last year's layoffs on employee morale and admitted that the process was not handled optimally. The layoffs were part of a broader trend in the tech sector, with Alphabet Inc. announcing 12,000 job cuts in early 2023. Pichai emphasized that inaction would have led to worse outcomes, allowing Google to invest in new areas despite the criticism.

Portfolio Pulse from Benzinga Neuro

December 14, 2023 | 6:32 am

EWA

Australia's unemployment rate for November was reported at 3.9%, slightly higher than the estimated 3.8% but consistent with the revised prior rate of 3.8%.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 5:52 am

EWA

Australia's employment change for November was reported at 61.5K, significantly surpassing the estimate of 11.0K and the previous month's revised figure of 42.7K.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 5:51 am

DDD

3D Systems announced that Jeffrey Creech has joined as the new Executive Vice President and CFO, effective December 13. Additionally, Harriss Currie will join the company as President - Regenerative Medicine, a newly created role, starting December 15.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 11:00 pm

GM

Reuters has reported that nine key leaders at General Motors' autonomous vehicle unit, Cruise, have left the company. This exodus comes amid an ongoing investigation into an accident that occurred on October 2 involving a Cruise vehicle.

Portfolio Pulse from Charles Gross

December 13, 2023 | 10:15 pm