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GS

Goldman Sachs is facing a potential fine from the Consumer Financial Protection Bureau (CFPB) related to its credit-card business. This development could impact the bank's financials and reputation.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 5:46 pm

REGN

Regeneron Pharmaceuticals faced a legal setback as a court rejected its request for a temporary injunction to block the sales of a generic version of its Eylea drug. This decision could impact Regeneron's market share and revenue from Eylea.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 4:52 pm

ANF

Former Abercrombie & Fitch CEO Michael Jeffries has been arrested in a federal sex trafficking investigation. The case involves allegations of exploiting young men, with accusations tied to Abercrombie & Fitch's operations. The company's stock has seen a slight decline following the news.

Portfolio Pulse from Erica Kollmann

October 22, 2024 | 4:05 pm

VWAGY

Volkswagen's chief marketing officer for China, Jochen Sengpiehl, was deported from China after testing positive for cannabis. This incident highlights the strict cannabis laws in China and could impact Volkswagen's market strategy in the region. Volkswagen faces competition from local manufacturers like BYD, which has overtaken it as China's best-selling car brand.

Portfolio Pulse from Nina Zdinjak

October 22, 2024 | 2:35 pm

MMM

3M Co's CEO announced that the company recovered $54 million in insurance coverage related to Combat Arms and public water suppliers in Q3. The company plans to increase recovery efforts and expects insurers to fulfill policy obligations.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 1:31 pm

AVYA

CHKP

MIME

UIS

The SEC has charged Unisys, Avaya, Check Point, and Mimecast for misleading cybersecurity disclosures. Unisys also faces additional charges for controls violations. The companies will pay civil penalties of $4M, $1M, $995K, and $990K respectively.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 1:23 pm

IBKR

Interactive Brokers has revised its Q3 financial results due to a dispute settlement, increasing general and administrative expenses by $78 million. This adjustment lowers the adjusted EPS from $1.75 to $1.61.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 11:54 am

CSIQ

Canadian Solar's US subsidiaries are facing a patent infringement lawsuit from Trina Solar in a US District Court. The complaint involves alleged infringement of patents related to TOPCon solar technology.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 11:05 am

BTCUSD

The former CEO of Mine Digital, a defunct cryptocurrency exchange, is charged with embezzling $1.47 million meant for Bitcoin purchases to pay off company debts. This occurred before the exchange's bankruptcy in September 2022.

Portfolio Pulse from Aniket Verma

October 22, 2024 | 11:00 am

PIXY

Shiftpixy has terminated Scott Absher as CEO, Chairman, and President following an investigation into allegations against him. Jonathan Feldman has been appointed as Chief Restructuring Officer to lead ongoing operations.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 10:18 am