Streetbeat News

Labor Issues

HROW

Harrow is expanding its corporate headquarters and pharmaceutical operations in Nashville, creating nearly 150 new jobs. This expansion reflects the company's growth strategy and commitment to increasing its operational capacity.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 4:03 pm

EWJ

X

The United Steelworkers (USW) expressed disagreement with a Board of Arbitration's decision regarding grievances against U.S. Steel. Concerns were also raised about Nippon's commitment to facilities and jobs.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 3:47 pm

EWJ

X

The United Steelworkers (USW) strongly opposes the arbitration decision regarding the merger between U.S. Steel and Nippon Steel, citing potential threats to jobs and domestic steelmaking capacity. The Committee on Foreign Investment in the United States (CFIUS) approval is still pending due to national security concerns.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 2:45 pm

SBUX

Starbucks' new CEO, Brian Niccol, has committed to working with the union representing its baristas, Workers United, to negotiate collective bargaining agreements. This marks a shift in Starbucks' approach to unionization, as the company previously resisted union efforts. The union is advocating for fair scheduling, living wages, and equity. Niccol's commitment could impact Starbucks' labor relations and public perception.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 2:30 pm

WMT

Walmart Canada is investing an additional $92 million in wage increases for its frontline associates, including supply chain, frontline management, and retail hourly workers. This move is part of Walmart's ongoing efforts to support its workforce.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 2:03 pm

LUV

Southwest Airlines plans to reduce service and staffing in Atlanta in 2024 to cut costs. This move may involve relocating over 300 pilot and flight attendant positions.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 12:53 pm

DIVZ

MILN

SBUX

Starbucks CEO Brian Niccol announced progress in negotiations with Workers United for single-store contracts, emphasizing a commitment to good faith and professionalism. Despite recent challenges, including falling sales and unionization efforts, Starbucks aims to return to its roots as a community coffeehouse. Investors can access Starbucks stock through ETFs like Opal Dividend Income ETF (DIVZ) and Global X Millennial Consumer ETF (MILN).

Portfolio Pulse from Lekha Gupta

September 25, 2024 | 12:37 pm

FXI

China plans to address the impact of AI and expand employment opportunities for youth, including college graduates. This initiative may influence sectors related to technology and education.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 10:57 am

BA

Boeing is expected to quickly ramp up aircraft production after a strike ends, according to Goldman Sachs analyst Noah Poponak. The strike, involving 33,000 workers, affects production of key Boeing models. Poponak suggests Boeing may raise $12 billion in equity to maintain its credit rating and cash flow. Despite challenges, the analyst maintains a 'Buy' rating on Boeing due to attractive long-term fundamentals.

Portfolio Pulse from Michael Juliano

September 24, 2024 | 11:13 pm

FULC

Fulcrum plans to reduce its workforce from 80 to 51 employees, expecting to save $10 million annually starting Q1 2025. The company will incur $2 million in one-time costs for severance, with most costs in Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 8:12 pm