Streetbeat News

Legal

LUV

Southwest Airlines is set to implement a resolution from a Special Litigation Committee composed of independent and disinterested directors. This move is part of a legal strategy involving the airline.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 8:42 pm

HE

Hawaiian Electric has completed a $558 million common stock offering at $9.25 per share to fund the settlement of litigation related to the Maui wildfires. The first payment of $478 million is expected by mid-2025.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 8:16 pm

SAP

SAP shares are declining due to reports of a DOJ investigation into alleged price fixing involving SAP and Carahsoft.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 7:50 pm

NOW

ServiceNow shares are experiencing a decline, potentially due to the Department of Justice's investigation into Carahsoft. This development may be causing investor concern and impacting the stock's performance.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 7:49 pm

NTDOY

SONY

Palworld, a game by Pocketpair, launched on PS5 globally except in Japan, possibly due to a lawsuit by Nintendo and The Pokémon Company over patent infringement. The game remains available on other platforms.

Portfolio Pulse from Franca Quarneti

September 25, 2024 | 7:43 pm

AMZN

GOOGL

MSFT

Google has filed an antitrust complaint against Microsoft in the EU, accusing it of unfair practices in the cloud market. This move highlights ongoing tensions between major tech companies over market dominance and regulatory scrutiny.

Portfolio Pulse from Anusuya Lahiri

September 25, 2024 | 6:25 pm

FI

FIS

MA

V

Visa Inc (NYSE:V) faces a DOJ antitrust lawsuit alleging monopolistic practices in the U.S. debit market, potentially impacting its stock negatively in the short term. Analysts suggest Mastercard, Fiserv, and Fidelity National Information Services could benefit from the situation.

Portfolio Pulse from Chris Katje

September 25, 2024 | 5:02 pm

ACN

SAP

The U.S. Department of Justice is investigating SAP SE and Carahsoft Technology for alleged price-fixing in $2 billion worth of SAP technology sold to U.S. government agencies. The probe, ongoing since 2022, also involves other resellers like Accenture. SAP's stock fell 2.91% following the news.

Portfolio Pulse from Stjepan Kalinic

September 25, 2024 | 4:37 pm

MASI

Masimo Corporation (NASDAQ:MASI) has appointed Michelle Brennan as interim CEO following Joe Kiani's resignation amid legal disputes. The company's shares rose by 5.55% as it reiterated its financial guidance for FY24 and announced board changes. Masimo is also reviewing strategic alternatives for its consumer businesses.

Portfolio Pulse from Nabaparna Bhattacharya

September 25, 2024 | 4:22 pm

AIR

AAR Corp. is under scrutiny from the SEC and DOJ, as revealed by a Hunterbrook report. The report indicates that the company's leadership visited the SEC office the same month a former executive was found guilty of corruption.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 4:05 pm