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Legal

DB

Deutsche Bank AG (NYSE:DB) shares are trading higher due to progress in settling litigation over the Postbank takeover. The bank has reached agreements with over 80 plaintiffs, including Elliott Investment Management, which will receive €200 million. These settlements will positively impact Deutsche Bank's pre-tax profit by about €430 million in Q3.

Portfolio Pulse from Lekha Gupta

August 23, 2024 | 2:29 pm

ASA

ASA Gold has adopted a limited-duration shareholder rights plan in response to Saba Capital Management's significant accumulation of ASA shares and a proxy contest to gain board control. The plan is effective until December 20, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 11:28 am

CP

Canadian Pacific Kansas City's service resumption is delayed due to Teamsters contesting a minister's arbitration order. This could impact operations and financial performance.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 6:54 am

AMZN

A federal labor regulator has classified Amazon delivery drivers as employees, which may increase Amazon's responsibility for working conditions. This decision could force Amazon to negotiate with unions, contradicting its previous stance. The NLRB found Amazon unlawfully targeted drivers with termination threats. Amazon disputes the union's claims.

Portfolio Pulse from Ananya Gairola

August 23, 2024 | 6:48 am

CRWD

CrowdStrike Holdings (NASDAQ:CRWD) is showing signs of recovery after a significant stock drop due to a global outage. The company's upcoming Q2 earnings report could influence its stock volatility. Analysts expect revenue of $958.70 million and EPS of 98 cents. The company's ability to maintain its streak of beating estimates and its guidance will be crucial, especially considering potential customer losses and legal challenges.

Portfolio Pulse from Chris Katje

August 22, 2024 | 10:32 pm

PARA

Skydance has accused Paramount of breaching their deal by extending the 'Go Shop' period and demands that Paramount cease negotiations with Bronfman.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 9:01 pm

SONY

Michael Jackson's estate has been approved to sell half of his $1.5 billion music catalog to Sony Music for $750 million. The California Second District Court of Appeal upheld the decision, allowing the estate's executors to proceed with the sale, despite objections from Jackson's mother. This strategic transaction strengthens Sony's music portfolio.

Portfolio Pulse from Franca Quarneti

August 22, 2024 | 7:51 pm

DB

Deutsche Bank shares rose following a $222 million settlement from a legal dispute with Elliott Investment Management.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 6:53 pm

AMZN

The Teamsters union has won a joint employer decision against Amazon, which could have significant implications for the company's labor practices and unionization efforts. This decision may impact Amazon's operational costs and labor relations.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 4:16 pm