Streetbeat News

Labor Issues

BA

Emirates president Tim Clark suggests that Boeing can recover from its current challenges by improving how it treats its workers. He emphasizes the importance of employee welfare in achieving company success.

Portfolio Pulse from

January 16, 2025 | 12:45 pm

BP

BP PLC plans to cut 4,700 jobs, representing 5% of its workforce, as part of a cost-cutting initiative. Additionally, 3,000 contractors will be laid off.

Portfolio Pulse from

January 16, 2025 | 12:15 pm

BP

BP is reportedly cutting thousands of jobs following a challenging fourth quarter marked by declining production and prices.

Portfolio Pulse from

January 16, 2025 | 12:00 pm

BP

BP is set to cut over 5% of its workforce, amounting to around 4,700 jobs, as part of a cost-cutting initiative led by CEO Murray Auchincloss.

Portfolio Pulse from

January 16, 2025 | 11:15 am

HII

Huntington Ingalls Industries (HII) is experiencing a cash flow crisis due to increased labor and costs post-pandemic. Despite these challenges, HII remains crucial to U.S. national security with limited competition. The issues are systemic, not due to mismanagement, and reforms in Navy procurement could improve margins and operations. Political support is essential for funding and procurement reforms to support HII.

Portfolio Pulse from

January 16, 2025 | 9:30 am

WFC

Wells Fargo's CFO, Mike Santomassimo, highlights the strength of the US consumer as a key driver for the company's growth and loan demand. The bank plans to hire more client-facing roles.

Portfolio Pulse from

January 15, 2025 | 9:45 pm

KLNG

KOIL Energy Solutions, Inc. announced the resignation of Trevor Ashurst, Vice President of Finance and Administration, effective February 1, 2025.

Portfolio Pulse from

January 15, 2025 | 9:30 pm

META

Meta Platforms' stock rose due to a favorable inflation report, a 5% staff layoff announcement, and a potential TikTok ban that could benefit Facebook and Instagram.

Portfolio Pulse from

January 15, 2025 | 9:15 pm

AAL

American Airlines is expected to see significant EPS growth in Q4 due to lower fuel costs, strong holiday travel demand, and reduced labor and capital cost pressures. However, its high debt load and potential risks from rising fuel prices and economic slowdown suggest a cautious outlook.

Portfolio Pulse from

January 15, 2025 | 7:00 pm