Streetbeat News

Labor Issues

SYY

Sysco has identified several key areas for improvement, including underperforming local case growth, the need to return to pre-2019 supply chain productivity levels, responsiveness to competitive pricing pressures, lower EBIT as a percent of sales for international operations, and delayed sales headcount additions post-COVID-19.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 4:13 pm

LULU

Lululemon Athletica shares are trading lower following the resignation of its Chief Product Officer, with no plans to replace the role.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:34 am

AIEQ

BX

EMR

FTGS

KKR

Blackstone Inc. (NYSE:BX) is launching a plan to grant equity to the majority of employees at its U.S. buyout companies, starting with Copeland, a climate-technologies unit purchased from Emerson Electric Co (NYSE:EMR). The initiative aims to broaden ownership beyond management and is part of a wider trend in the buyout industry. KKR & Co Inc (NYSE:KKR) and other private-equity firms have similar programs. Blackstone's stock has gained over 50% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

May 22, 2024 | 10:44 am

LULU

Lululemon has announced an updated and more integrated organizational structure, along with the departure of Chief Product Officer Sun Choe.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 8:57 pm

AAL

ALK

DAL

JBLU

LUV

SAVE

UAL

ULCC

Airlines are urging the FAA to increase air traffic controller staffing, citing the need for urgent hiring to address current shortages.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 6:35 pm

DIS

GK

VOX

Disney's Pixar Animation Studios is laying off 14% of its workforce, or about 175 employees, as part of a broader strategy to reduce content spending. This move aligns with CEO Bob Iger's disciplined approach to streaming. The focus now shifts to the anticipated release of 'Inside Out 2' in June. Disney reported a 1% revenue growth year-on-year, with adjusted EPS beating analyst estimates. Disney's stock has gained over 12% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

May 21, 2024 | 6:20 pm

GE

GE Aerospace plans to hire 900 engineers this year, according to the company's CEO. This move is part of GE's strategy to bolster its engineering capabilities and support future growth.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 4:45 pm

DIS

Pixar Animation is set to lay off approximately 14% of its workforce, according to sources cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 2:43 pm

LYRA

Lyra Therapeutics is laying off ~75% of its workforce and pausing manufacturing and commercialization efforts to extend its cash runway into 2026. The company will focus on its ENLIGHTEN Phase 3 trials for LYR-210 and has paused efforts for LYR-220.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:16 pm

ANRO

Alto Neuroscience has appointed Michael Hanley as its new Chief Operating Officer (COO).

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:07 pm