Streetbeat News

Legal

CLIR

ClearSign has decided to suspend its operations in China due to delays in product commercialization and to align strategic priorities while reducing costs. The suspension involves declaring its subsidiary dormant, ceasing operations by December 31, 2024, and incurring costs of $400,000 to $500,000.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 9:50 pm

DJT

SPY

A U.S. judge has set a trial date for November 18 for a man accused of attempting to assassinate former President Donald Trump. This legal proceeding could attract significant media attention.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 8:34 pm

TUSK

Mammoth Energy Services' subsidiary, Cobra Acquisitions, has received $150 million from Puerto Rico as part of a settlement agreement. This payment is significant for Mammoth Energy Services, indicating progress in resolving financial disputes.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 8:18 pm

FPAY

FlexShopper shares are rising following the company's filing of patent infringement lawsuits against Upbound Group and Katapult Holdings, alleging unauthorized use of its patented technologies.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 7:42 pm

PEV

Phoenix Motor has identified inaccuracies in the 'Proterra Financial Statements'. This could have implications for stakeholders relying on these financial documents.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 7:23 pm

C

The US Federal Reserve has announced the termination of a 2013 enforcement action against Citigroup. This development marks a significant regulatory milestone for the bank.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 6:04 pm

GOOG

GOOGL

TCEHY

Epic Games has introduced Time Limit Controls in Fortnite, allowing parents to manage their children's playtime. This update addresses previous criticisms about in-game purchases and lack of parental controls. Epic Games, backed by Tencent Holdings, aims to align with parental and regulatory demands.

Portfolio Pulse from Franca Quarneti

October 01, 2024 | 5:56 pm

AAPL

GOOG

GOOGL

Epic Games has filed a lawsuit against Google and Samsung, accusing them of antitrust violations related to app distribution on Samsung devices. This is Epic's second lawsuit against Google, following a previous victory. The lawsuit claims Samsung's 'Auto Blocker' feature, which restricts app installations to authorized sources, violates a jury verdict. Epic is also in a legal battle with Apple over App Store rules.

Portfolio Pulse from Upwallstreet

October 01, 2024 | 4:42 pm

SNAP

Snap has responded to a complaint from the New Mexico Attorney General by emphasizing its commitment to user safety, particularly for minors. The company highlights its deliberate design choices to protect minors and its ongoing collaboration with law enforcement and government agencies to enhance safety mechanisms.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 4:18 pm

EBAY

EBIZ

ONLN

eBay Inc. shares are trading lower despite winning a dismissal of an EPA lawsuit. The company is enhancing its UK operations by eliminating selling fees for C2C sellers and planning future buyer-facing fees. Investors can access eBay through ETFs like ProShares Online Retail ETF and Global X E-commerce ETF.

Portfolio Pulse from Lekha Gupta

October 01, 2024 | 3:12 pm