Streetbeat News

Labor Issues

PK

Park Hotels & Resorts Inc. has reinstated its 2024 earnings guidance after finalizing long-term labor agreements at four of its hotels, ending nearly six weeks of strike activity.

Portfolio Pulse from

November 11, 2024 | 11:30 am

DB

Deutsche Bank AG has laid off over a hundred senior bankers, representing 8% of its retail and private wealth division's directors, to meet cost-cutting targets by next year.

Portfolio Pulse from

November 11, 2024 | 8:45 am

PWP

Perella Weinberg reported a 100% revenue surge in Q3, driven by aggressive hiring and corporate activity growth. Despite lagging sponsor recovery, the firm outpaced other boutiques. Trump's presidency may boost advisory business, but tariffs could impact inflation and recovery.

Portfolio Pulse from

November 10, 2024 | 12:45 pm

ENPH

Enphase Energy is restructuring its operations, which includes laying off workers and ending some operations in Mexico. The company expects to incur up to $20 million in charges as part of this restructuring effort.

Portfolio Pulse from

November 08, 2024 | 10:15 pm

BKNG

Booking Holdings announced plans to reorganize, which includes reducing its workforce to cut costs.

Portfolio Pulse from

November 08, 2024 | 10:00 pm

SONY

Sony Pictures Entertainment reported a decline in Q2 profits to $124 million, attributing the decrease to the impact of Hollywood strikes.

Portfolio Pulse from

November 08, 2024 | 8:00 am

NSANY

Nissan is cutting 9,000 jobs and reducing manufacturing capacity due to challenging industry conditions and internal weaknesses. The CEO's pay will be halved as a result of the company's poor performance.

Portfolio Pulse from

November 08, 2024 | 2:00 am

BA

Boeing has announced that it will repay workers who were furloughed during a seven-week strike for their lost pay, as stated by CEO Kelly Ortberg in an internal message.

Portfolio Pulse from

November 08, 2024 | 2:00 am

NSANY

Nissan Motor's shares fell by 10% in Tokyo after announcing plans to cut 9,000 jobs and reduce global manufacturing capacity by 20% due to declining sales in China and the US.

Portfolio Pulse from

November 08, 2024 | 1:00 am

LINC

Lincoln Educational Services Corporation (NASDAQ: LINC) and Johnson Controls have successfully placed over 500 skilled building trade graduates in jobs since 2018 through their partnership. Recent recruiting events resulted in over 100 job offers for Lincoln Tech students from Johnson Controls.

Portfolio Pulse from

November 07, 2024 | 6:15 pm