Beyond Meat to cut 19% of its workforce as sales, stock struggle

Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, June 5, 2019. Mike Blake | Reuters Beyond Meat plans to cut 19% of its workforce, or about 200 employees, the company said Friday in a regulatory filing. The cuts are expected to be completed … Read more

Beyond Meat eliminates supply chain chief role after exec steps down

Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, June 5, 2019. Mike Blake | Reuters Beyond Meat said on Friday it would eliminate the role of chief supply chain officer after Bernie Adcock notified he would step down from the role, effective Sept. … Read more

Apple, Estee Lauder, Cisco, Micron, Costco

Here are Wednesday’s biggest calls on Wall Street: Barclays downgrades Cisco to equal weight from overweight and upgrades Arista to overweight from equal weight Barclays said in its downgrade of Cisco that it sees macro risks. The firm also upgraded Arista and said the computer networking company has “resilient cloud demand.” “We are upgrading ANET … Read more

General Mills, Stitch Fix, Beyond Meat and others

Check out the companies making headlines before the bell: General Mills (GIS) – General Mills shares gained 1.8% in the premarket after the food producer reported a better-than-expected quarterly profit and raised its full-year sales forecast. The company expects to benefit from higher prices and strong demand for cereal, snacks and pet food. Stitch Fix … Read more

5 things to know before the stock market opens Wednesday, September 21

Trader on the floor of the NYSE, Sept. 20, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Decision day Investors are bracing for the Federal Reserve’s rate announcement Wednesday. A three-quarter-point increase in the benchmark rate is baked in, but markets are seeking more … Read more

Beyond Meat suspends operating chief Doug Ramsey after arrest for alleged nose biting

Douglas Ramsey Source: Washington County, Arkansas Beyond Meat said its operating chief Doug Ramsey has been suspended, effective immediately, after he was arrested Saturday evening for allegedly punching a man and biting his nose. The company said in a statement on Tuesday afternoon that Jonathan Nelson, the company’s senior vice president of manufacturing operations, will … Read more