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Legal

PLAB

Photronics has placed Richelle E. Burr, Executive VP, Chief Administrative Officer, General Counsel & Secretary, on paid administrative leave during an ongoing internal review regarding company transactions and other matters.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:23 pm

MSFT

The Communications Workers of America (CWA) has filed Unfair Labour Practice charges against Lionbridge Technologies, a supplier for Microsoft Corp. (NASDAQ:MSFT), for laying off 160 QA testers involved in union activities. The CWA claims the layoffs were not genuinely project-related and calls on Microsoft to ensure its contractors adhere to its labor standards.

Portfolio Pulse from Franca Quarneti

June 12, 2024 | 6:42 pm

JNJ

Ovarian cancer victims have filed a motion to halt Johnson & Johnson's new bankruptcy filing outside New Jersey, citing concerns over further delays in compensation.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:27 pm

GOOG

GOOGL

SPY

The U.S. agency has requested new details from Waymo regarding all prior incidents involving self-driving vehicles by August 6, according to a letter cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 5:14 pm

AMZN

Amazon has won an appeal against a cease-and-desist order related to the firing of a union organizer. The appeals court declared the order an abuse of discretion.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 3:34 pm

AMZN

UBER

VCR

XLY

Amazon faces arbitration claims from 15,800 Flex drivers alleging misclassification as independent contractors. The claims seek recompense for unpaid wages, work-related expenses, and lack of mandated breaks. This highlights ongoing disputes over worker rights in the gig economy.

Portfolio Pulse from Shivani Kumaresan

June 12, 2024 | 2:34 pm

AMZN

A U.S. Appeals Court has vacated an injunction that required Amazon.com to stop discharging employees for attempting to unionize.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 2:27 pm

AAPL

TSLA

OpenAI's CTO Mira Murati defended the company's partnership with Apple against Elon Musk's criticism, emphasizing their commitment to user privacy. The partnership involves integrating ChatGPT into iPhones, with assurances that user data will not be shared or used for training AI models. Musk called the feature 'creepy spyware' and threatened to ban Apple devices from Tesla premises.

Portfolio Pulse from Rounak Jain

June 12, 2024 | 1:05 pm

AAPL

IDU

META

UBER

Uber, Apple, Meta, and iShares U.S. Utilities ETF were highlighted in CNBC's 'Final Trades.' Uber's autonomous driving is seen as a positive, despite legal challenges. Meta is favored for its AI leadership, though it faces a Supreme Court case. Apple hit new highs after an upgrade, and iShares U.S. Utilities ETF was also mentioned.

Portfolio Pulse from Avi Kapoor

June 12, 2024 | 1:00 pm

FDIS

TSLA

XLY

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), is facing a lawsuit accusing him of insider trading, filed by the Employees' Retirement System of Rhode Island. The lawsuit alleges Musk and his brother sold $30 billion worth of Tesla shares before negative news impacted stock prices. The timing coincides with a shareholder vote on Musk's $56 billion compensation package. Tesla stock has lost over 31% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

June 12, 2024 | 11:56 am