Streetbeat News

Labor Issues

DIS

Teamsters at Disneyland have voted by an overwhelming 99% to authorize a strike, which could impact operations at the theme park.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 2:42 pm

MEIP

MEI Pharma, Inc. (NASDAQ:MEIP) announced it will consider strategic alternatives, including potential transactions or an orderly wind down, to maximize asset value for stockholders. The company will commence a reduction-in-force and discontinue the clinical development of voruciclib to preserve cash.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:33 pm

RAPT

Rapt Therapeutics announced a workforce reduction of 47 people, approximately 40% of its existing headcount. The company estimates it will incur around $0.9 million in restructuring charges.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:05 pm

DX

Dynex Capital, Inc. (NYSE:DX) has announced several executive promotions. Smriti Laxman Popenoe has been promoted to Co-CEO while retaining her roles as President and CIO. Rob Colligan has been promoted to COO in addition to his role as CFO. Harman Sahni has been hired as the new CTO.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 11:53 am

BA

ITA

PPA

WWD

Boeing's Commercial Market Outlook predicts a need for 44,000 new airplanes by 2043, driven by emerging markets and single-aisle demand. The global fleet is expected to grow at 3.2% annually. Boeing also forecasts a $4.4 trillion demand for commercial services. Woodward, Inc. will supply solutions for Boeing's X-66A aircraft. Boeing faces a potential strike from Washington state factory workers. Boeing's stock has declined over 16% in the past year.

Portfolio Pulse from Lekha Gupta

July 22, 2024 | 10:23 am

MSFT

SONY

WBD

NetherRealm Studios, a subsidiary of Warner Bros Discovery Inc (NASDAQ:WBD), has disbanded its mobile team and announced the shutdown of Mortal Kombat: Onslaught. This move is part of a broader trend of layoffs in the gaming industry, with companies like Microsoft Corp. (NASDAQ:MSFT) and Sony Group Corp. (NYSE:SONY) also reducing their workforce.

Portfolio Pulse from Franca Quarneti

July 19, 2024 | 8:17 pm

AAL

American Airlines flight attendants have reached a deal with the company over a new contract, according to Reuters citing the union.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 6:37 pm

SPWR

SunPower Corporation (NASDAQ:SPWR) shares fell sharply after the company announced an operational pause and received an analyst downgrade. The company is halting new product shipments and deactivating lease and power purchase agreements to address financial challenges. Additionally, SunPower has faced several issues, including a subpoena from the SEC, CEO departure, and auditor resignation.

Portfolio Pulse from Vaishali Prayag

July 18, 2024 | 8:25 pm

IDN

Intellicheck's CFO, Jeffrey Ishmael, is set to depart from the company.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 8:06 pm

WM

Teamsters have announced that Waste Management workers have overwhelmingly ratified a new 5-year collective bargaining agreement. The contract covers over 200 drivers, mechanics, and machine operators, providing substantial pay raises, improved health care benefits, and increased pension contributions.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 4:21 pm