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Labor Issues

AAPL

BA

ORCL

Oracle's stock surged following its earnings report, Apple announced new product updates, and Boeing's shares rose due to a deal that prevents a strike.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 8:39 pm

LUV

Southwest Airlines and IBT Local 19, representing the airline's flight simulator technicians, have reached a tentative agreement for a new collective bargaining agreement.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 8:31 pm

BA

GD

LOAR

LUNR

RKLB

Aerospace stocks are experiencing a rise in share prices following Boeing's tentative agreement to prevent a strike, which could positively impact the sector.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 7:58 pm

DAL

UAL

Airline stocks are trading higher following Boeing's tentative deal to avert a strike, which may positively impact the sector.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 7:39 pm

BA

GCAD

ITA

Boeing's shares rise following a tentative union deal to prevent a strike and the successful return of the Starliner. The deal includes a 25% wage increase and a commitment to build the next commercial airplane in Seattle. Analyst Ronald J. Epstein remains neutral pending the union vote.

Portfolio Pulse from Lekha Gupta

September 09, 2024 | 6:11 pm

FDX

The EEOC has filed a lawsuit against FedEx Corporation, alleging discrimination against disabled drivers by enforcing a '100%-healed' policy, which violates the ADA. The lawsuit seeks monetary and injunctive relief to prevent future discriminatory practices.

Portfolio Pulse from Vandana Singh

September 09, 2024 | 3:43 pm

BA

Boeing shares are experiencing an uptick in trading following a tentative agreement with workers, which has successfully averted a potential strike.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 3:17 pm

HMC

Honda Motor is reducing its workforce at its joint venture with Dongfeng Motor Group in China due to declining sales as consumers shift away from gas engine cars. This follows a voluntary retirement program at Dongfeng Honda.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 3:16 pm

AAL

American Airlines is expanding its workforce by creating nearly 500 new aviation maintenance jobs, including over 385 licensed aviation maintenance technician positions. The company is adding additional lines of heavy check maintenance work at its Charlotte, Pittsburgh, and Tulsa maintenance bases.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 3:07 pm

BA

Boeing shares rose nearly 3% pre-market after reaching a tentative deal with the workers' union to avert a strike. This development is significant for Boeing as it prevents potential disruptions in operations.

Portfolio Pulse from Akanksha Bakshi

September 09, 2024 | 2:05 pm