Streetbeat News

Labor Issues

NRG

Elliott Investment Management is seeking to replace NRG Energy CEO Mauricio Gutierrez and is in talks with potential candidates to replace him and other executives, according to Wall Street Journal sources.

Portfolio Pulse from Charles Gross

June 21, 2023 | 11:38 pm

ATAT

Atour Lifestyle announced that Rui Zhao has resigned as Co-CFO due to personal reasons, effective June 30, 2023. Shoudong Wang will continue to oversee financial reporting and related matters.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 8:32 pm

III

Information Services Group (ISG) announced that CFO Bert Alfonso will retire in August, with Michael Sherrick, formerly of Cognizant Technology Solutions Corporation, named as his successor effective August 7.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 8:17 pm

IART

Integra LifeSciences has appointed Lea Daniels Knight as Executive Vice President and CFO, effective June 28. This change in leadership may impact the company's financial strategies.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 8:16 pm

HEAR

Turtle Beach has appointed Cris Keirn as interim CEO, effective July 1, 2023. Keirn will succeed Juergen Stark, who has served as CEO since 2012. The company is engaged in a comprehensive search for a permanent CEO.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 8:06 pm

EA

Electronic Arts (EA) is undergoing a significant restructuring, dividing into EA Entertainment and EA Sports. The move aims to empower studio leaders with more creative ownership and financial accountability. Laura Miele has been appointed president of EA Entertainment, while Cam Weber will lead EA Sports. The restructuring also involves a workforce reduction of approximately 6%.

Portfolio Pulse from Franca Quarneti

June 21, 2023 | 6:44 pm

TAK

TEVA

The supply of ADHD medications, including Vyvanse and Adderall, is dwindling in the US due to manufacturing complications and labor shortages at Teva Pharmaceutical Industries and Takeda Pharmaceutical. The shortage has reached a five-year high, with Vyvanse prescriptions surging in 2023.

Portfolio Pulse from Vandana Singh

June 21, 2023 | 6:23 pm

UBER

Uber is laying off 200 employees from its recruiting team, which represents less than 1% of its staff. This follows other layoffs across the company.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 5:12 pm

DIS

NFLX

Disney is in talks to bring TV producer Ryan Murphy from Netflix after his 5-year deal expires in June. No deal is expected until the resolution of the screenwriters' strike in Hollywood. Disney's chief diversity officer, Latondra Newton, is leaving her role after six years.

Portfolio Pulse from Anusuya Lahiri

June 21, 2023 | 4:36 pm

AMZN

FDX

UPS

WMT

FedEx reported a revenue drop to $21.9 billion in Q4 2023, with shares falling 3.1% in premarket trading on Wednesday. UPS faces a potential strike, which would be the largest single-employer strike in US history. Amazon is also dealing with a strike of 84 delivery drivers in California.

Portfolio Pulse from Upwallstreet

June 21, 2023 | 3:48 pm