Streetbeat News

Labor Issues

BCC

Boise Cascade has announced a curtailment of its lumber operations in Chapman, Alabama, which will impact approximately 80 positions. However, the plywood operations at the Chapman facility are not affected by this curtailment.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 2:34 pm

NEWT

NewtekOne, Inc. (NEWT) has announced the hiring of Ms. Jennifer Merritt as Chief Operating Officer of digital banking operations for its subsidiary, Newtek Bank, N.A., effective November 27, 2023. Merritt brings over a decade of experience in digital banking and product development, having previously worked at Live Oak Bank, First Bank, and Wells Fargo. The company expects her leadership to transform its deposit-raising success into more and lower-cost transactional depository accounts, and to continue growing commercial bank deposits from independent business owners in 2024.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 1:36 pm

FOR

Forestar Group Inc. announced the retirement of CEO Daniel C. Bartok and the appointment of Anthony W. Oxley as the new CEO, effective January 1, 2024. Oxley, currently serving as Senior VP at D.R. Horton, brings extensive experience in land acquisition and development. Bartok will remain in a consulting role to ensure a smooth transition. The leadership change aims to continue Forestar's growth as a leading residential lot developer.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 1:15 pm

CRS

Carpenter Technology Corporation has appointed Brian Malloy as its new Chief Operating Officer. This strategic move could signal a strengthening of the company's operational leadership, potentially impacting its future performance and efficiency.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 1:09 pm

PYXS

Pyxis Oncology announced the appointment of Ken Kobayashi as Chief Medical Officer, effective November 27, 2023. This strategic hire could strengthen the company's leadership as it advances its oncology pipeline.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 12:34 pm

PDSB

PDS Biotech has announced the appointment of Lars Boesgaard as its new Chief Financial Officer. Boesgaard brings extensive experience in finance and operations, which is expected to strengthen PDS Biotech's financial leadership as the company continues to grow.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 12:32 pm

TSLA

Tesla Inc (NASDAQ:TSLA) was cleared by the U.S. labor board of wrongful dismissal claims in its Autopilot software department. The allegations, filed by Workers United, suggested the layoffs were to disrupt union organization. While these claims were dismissed, the board confirmed separate claims regarding Tesla's use of technology rules and attempts to solicit worker grievances to undermine union support. If Tesla doesn't settle, the NLRB will issue a complaint for an administrative judge to hear. This is part of a larger unionization effort at Tesla, with the company denying any illegal union-busting activities.

Portfolio Pulse from Benzinga Neuro

November 28, 2023 | 7:26 am

LUV

Southwest Airlines has announced a series of executive leadership changes aimed at enhancing operations, customer experience, and data utilization. Justin Jones is promoted to Executive Vice President Operations, Tony Roach to Senior Vice President & Chief Customer Officer, Elizabeth Bryant to Senior Vice President & Chief People Officer, Whitney Eichinger to Senior Vice President & Chief Communications Officer, and Angela Marano to Vice President Artificial Intelligence & Data Transformation. Jason Van Eaton is now Senior Vice President & Chief Corporate Affairs Officer. These changes reflect an organizational alignment to improve the airline's daily operations and customer service.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 6:43 am

TSLA

A Swedish court ruled that the country's transport authority must deliver license plates to Tesla Inc (NASDAQ: TSLA) within seven days or face a fine, despite a strike by postal workers. The strike, led by IF Metall union, has seen various workers' groups refusing services to Tesla, but the company claims over 90% of its employees remain in their positions. Tesla's Model Y is the best-selling car model in Sweden this year, and the company has been operating in Sweden since 2013.

Portfolio Pulse from Anan Ashraf

November 28, 2023 | 4:18 am

RAVE

Rave Restaurant Group's CFO, Clinton Fendley, has resigned effective December 1, 2023, according to a recent filing.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 11:01 pm