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NEXT

NextDecade's CEO announced the company's intention to appeal to the U.S. Supreme Court after a federal court overturned FERC's approval for the Rio Grande LNG project. Despite the legal challenges, the CEO does not anticipate construction halting before a final ruling. The stock price has declined due to increased project risks.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 7:47 pm

NSC

Norfolk Southern's CEO, Alan Shaw, is expected to step down amid a board investigation, according to sources. This development could impact the company's leadership and strategic direction.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 7:37 pm

RYAAY

The EU Commission has ordered Germany to recover between €13 million and €14 million plus interest from Ryanair and €1.25 million plus interest from Hahn Airport. The measures in favor of Ryanair and Hahn Airport were deemed incompatible with state aid rules.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 3:47 pm

FDX

The EEOC has filed a lawsuit against FedEx Corporation, alleging discrimination against disabled drivers by enforcing a '100%-healed' policy, which violates the ADA. The lawsuit seeks monetary and injunctive relief to prevent future discriminatory practices.

Portfolio Pulse from Vandana Singh

September 09, 2024 | 3:43 pm

STLA

The U.S. is investigating reports that 2021-2023 Jeep Wrangler and Gladiator vehicles may catch fire after the engines are turned off. This investigation could impact Stellantis, the parent company of Jeep.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 1:47 pm

FTXG

HSY

UTRN

Hershey is seeking to dismiss a lawsuit alleging misleading packaging of Reese's candies. The lawsuit claims issues with the design of certain candies, but Hershey argues the claims are baseless. Hershey's recent earnings report showed a significant drop in EPS and sales. HSY shares are slightly up premarket.

Portfolio Pulse from Lekha Gupta

September 09, 2024 | 12:59 pm

NSC

Norfolk Southern Corporation (NYSE:NSC) is investigating CEO Alan Shaw for alleged misconduct related to an inappropriate workplace relationship. The company's board has hired a law firm for an independent investigation. Previously, activist investor Ancora attempted to replace Shaw but was unsuccessful.

Portfolio Pulse from Akanksha Bakshi

September 09, 2024 | 12:29 pm

BITF

Bitfarms has rescheduled its Special Meeting of Shareholders to November 6, 2024, to allow more time for reviewing Riot's Amended Requisition. The company is seeking a settlement with Riot to avoid a costly proxy contest, proposing a board expansion and other terms.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 10:17 am

NSC

Norfolk Southern is investigating an alleged code of ethics violation by its CEO. The Board's Audit Committee has hired a law firm for an independent inquiry to ensure a thorough examination of the facts.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 6:49 am

DIS

T

DirecTV has filed a complaint with the FCC against Disney, accusing them of 'bad faith' negotiations over a carriage agreement. This dispute has led to a blackout of Disney channels on DirecTV, affecting 11.3 million subscribers. The blackout impacts access to major events like college football and the U.S. Open.

Portfolio Pulse from Ananya Gairola

September 09, 2024 | 1:52 am