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DIS

Walt Disney Co (NYSE:DIS) stock is down on Friday due to reports of the company evaluating its television network portfolio for potential sales or shifts. CEO Bob Iger has suggested that not all TV networks, such as ABC, FX, and National Geographic, are essential to Disney's core. The company is considering cost-cutting measures and efficiency improvements, and has discussed merging some networks with A+E Networks. Disney is also looking for a strategic partner for ESPN as it transitions to streaming. Charter Communications, Inc (NASDAQ:CHTR) may drop less critical Disney channels from its offerings. DIS shares fell by 3.06% to $87.58.

Portfolio Pulse from Anusuya Lahiri

November 10, 2023 | 6:58 pm

U

Unity Software Inc (NYSE:U) reported Q3 earnings with revenues falling short of consensus estimates, leading to layoffs and cost-cutting plans. The company suspended guidance to assess its product portfolio and cost structure. Analysts from Stifel, Wedbush, Needham, Piper Sandler, and Oppenheimer provided their insights, with most maintaining positive ratings but reducing price targets. Unity's shares rose 3.01% to $26 following the earnings report.

Portfolio Pulse from Priya Nigam

November 10, 2023 | 6:25 pm

ATVI

Activision Blizzard Inc's (NASDAQ:ATVI) rushed the release of 'Call of Duty: Modern Warfare III' to meet annual sales targets, leading to a tumultuous development process and overtime work for developers. The game, initially planned as an expansion, was turned into a full sequel to fill a gap in the release schedule due to a delay in another Call of Duty title. Despite Activision's denial of the rushed development, over a dozen developers have reported feeling betrayed, as they were promised a more reasonable timeline.

Portfolio Pulse from Franca Quarneti

November 10, 2023 | 5:28 pm

HMC

Honda Motor is increasing the base wages of many U.S. factory workers by 11%, effective in January. This decision comes after the United Auto Workers (UAW) union achieved significant wage gains in Detroit. Honda is also reducing the time to reach top wages from six to three years, mirroring a similar achievement by the UAW with other automakers.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 3:30 pm

AMZN

GOOG

GOOGL

Amazon is developing its own operating system, Vega, to replace Android on its devices, aiming for a 2024 release. The OS will reduce reliance on Android Open Source Project and allow for a broader range of app development. Amazon's move is strategic to gain control over its technology and expand monetization opportunities. AMZN shares saw a slight increase of 0.48% to $141.37.

Portfolio Pulse from Anusuya Lahiri

November 10, 2023 | 2:51 pm

NVO

Novo Nordisk plans to invest over 42 billion Danish kroner starting in 2023 to expand its manufacturing facilities in Kalundborg, Denmark. The new API facility will be a multi-product facility with state-of-the-art technology. The construction projects will be completed gradually from 2025 through 2029, creating 800 new jobs.

Portfolio Pulse from Charles Gross

November 10, 2023 | 9:52 am

AAPL

Apple Inc. (NASDAQ:AAPL) has agreed to a $25 million settlement with the U.S. Department of Justice over allegations of discriminatory hiring practices. The company was accused of prioritizing immigrant workers over U.S. citizens and green card holders for certain roles, violating federal anti-discrimination laws. The settlement requires Apple to pay $6.75 million in civil penalties and $18.25 million to those affected. The company has admitted to the oversight and initiated a remediation plan to meet government regulations.

Portfolio Pulse from Ananya Gairola

November 10, 2023 | 3:10 am

CLW

Clearwater Paper Corporation (NYSE:CLW) has temporarily suspended certain manufacturing operations at its Lewiston, Idaho facility due to an incident impacting the regional natural gas system. The company expects to resume operations in the coming days.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:15 am

META

Elon Musk's acquisition of Twitter in 2022 for $44 billion and subsequent changes to the platform have escalated his rivalry with Mark Zuckerberg, according to a new book by Ben Mezrich. The book, 'Breaking Twitter: Elon Musk and the Most Controversial Corporate Takeover In History', suggests that Musk sees Meta Platforms Inc CEO Zuckerberg as a rival and that the takeover of Twitter has had a potential negative impact on Musk's health and reputation.

Portfolio Pulse from Chris Katje

November 09, 2023 | 10:48 pm

AAPL

The Justice Department has reached a $25 million agreement with Apple Inc. to resolve allegations of employment discrimination based on citizenship status. This landmark agreement is expected to have significant implications for the company's hiring practices.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 10:27 pm