Streetbeat News

Labor Issues

CTSO

CytoSorbents Corporation (NASDAQ:CTSO) announced the resignation of CFO Alexander D'Amico, effective August 28, 2023. The company and D'Amico have mutually agreed to terminate his employment agreement, with no severance payments or equity vesting. Kathleen Bloch will continue to serve as the Interim CFO.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 8:49 pm

F

GM

STLA

TSLA

Former Ford CEO Mark Fields, in a CNBC interview, stated that the United Auto Workers' (UAW) contract demands would significantly widen the cost disparity between UAW companies and non-union carmakers, including Tesla, which stands at $45/hour.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 8:23 pm

F

GM

STLA

Former Ford CEO Mark Fields, in an interview on CNBC, stated that labor costs represent approximately 10% of the total cost of a vehicle, equating to around $65 per hour based on labor union pricing. This statement was made in the context of discussions about United Auto Workers.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 8:23 pm

AAPL

MSFT

Apple Inc (AAPL) and Microsoft Corp (MSFT) have been compared in terms of their salary offerings, based on data from work-visa applications. Both companies offer similar pay ranges, but Apple's range is slightly higher, from approximately $102,000 to $322,000, compared to Microsoft's $77,000 to $310,000. However, the data does not include stock-based compensation, grants, performance rewards, bonuses and benefits, which can significantly increase overall pay.

Portfolio Pulse from Adam Eckert

September 01, 2023 | 2:04 pm

SPY

UUP

The August jobs report showed mixed results with job creation exceeding expectations but unemployment rate increasing and wage growth slowing. The non-farm payroll growth was 187,000, surpassing the projected figure of 170,000. However, the unemployment rate rose from 3.5% to 3.8%. Wage growth also slowed to 4.3% year-on-year. The U.S. dollar index fell 0.3% after the release, and the SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.7% in premarket trading.

Portfolio Pulse from Piero Cingari

September 01, 2023 | 12:56 pm

SPY

The unemployment rate for August was reported at 3.8%, higher than the estimated 3.5%.

Portfolio Pulse from Bill Haddad

September 01, 2023 | 12:31 pm

OLN

Olin Corporation's President and CEO, Scott Sutton, has announced his intention to step down from his position in the first half of 2024.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 11:39 am

USAP

Universal Stainless has reached a new five-year collective bargaining agreement with its hourly employees at its Bridgeville facility. The agreement has been ratified by the bargaining unit and is effective as of September 1, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 11:03 am

DNN

Denison Mines Corp.'s CFO, Mac McDonald, is on a temporary medical leave of absence. Elizabeth Sidle, the company's Vice President Finance, has been appointed as the Interim CFO.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 10:32 am

GM

STLA

United Auto Workers (UAW) has filed unfair labor practice complaints against General Motors Co. (GM) and Stellantis NV (STLA) with the National Labor Relations Board (NLRB). The charges are in response to the companies allegedly not engaging with the union in good faith during contract discussions. Both GM and Stellantis have refuted the claims and pledged to defend the charges.

Portfolio Pulse from Benzinga Neuro

September 01, 2023 | 9:24 am