Streetbeat News

Labor Issues

LUV

Southwest Airlines shares rise following the announcement of a $2.5 billion share repurchase program and Q3 RASM guidance. The company also reported reduced headcount through controlled hiring and attrition, and confirmed contracts with all labor groups.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:11 pm

DIS

NFLX

Disney has laid off 300 employees across various corporate departments as part of cost management efforts. The company is focusing on investing in creativity and innovation while managing resources. Despite layoffs, Disney reported a 4% growth in fiscal Q3 2024 revenue, slightly beating analyst expectations. The company is also expanding its Disney+ paid sharing program and has made strategic creative appointments. Disney's stock has risen over 17% in the past year.

Portfolio Pulse from Anusuya Lahiri

September 26, 2024 | 12:35 pm

SPY

The latest report on initial jobless claims in the USA shows a decrease to 218,000, which is below the estimated 224,000 and the previous 222,000. This indicates a stronger labor market than expected.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 12:30 pm

LUV

Southwest Airlines has announced that it has secured contracts with all its labor groups through the third quarter of 2027. This development provides stability and predictability in labor relations for the airline over the next few years.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 11:06 am

LUV

Southwest Airlines is reducing its headcount through controlled hiring and attrition, achieving labor cost certainty.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 11:05 am

NPSCY

X

Nippon Steel Corp has won an arbitration ruling in its $14.9 billion acquisition of United States Steel Corporation, despite opposition from political figures and the United Steelworkers union. The deal is pending regulatory approval and faces national security scrutiny.

Portfolio Pulse from Benzinga Neuro

September 26, 2024 | 2:18 am

DIN

IHOP announces the retirement of President Jay Johns, effective January 6, 2025, with Lawrence Kim appointed as his successor. Johns will remain as an advisor until March 2025. Under Johns' leadership, IHOP adapted to pandemic challenges and modernized its brand.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 9:02 pm

SPY

Federal Reserve's Kugler indicates that the current labor market should not weaken further and suggests a shift in focus towards the employment mandate.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 8:37 pm

LUV

Southwest Airlines shares are declining due to a report indicating potential reductions in service and staffing in Atlanta.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 7:51 pm

CNI

NSC

The Biden Administration is urging freight railroads to provide guaranteed paid sick leave for all employees, as reported by Reuters. This move could impact major rail companies like Canadian National Railway (CNI) and Norfolk Southern Corporation (NSC).

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 4:40 pm