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Legal

DE

Deere & Co has resolved alleged hiring discrimination claims by the U.S. Department of Labor, agreeing to pay $1.1 million in back wages and interest to affected Black and Hispanic jobseekers.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 5:09 pm

EWJ

MS

MUFG

Japan's Securities & Exchange Surveillance Commission (SESC) is reportedly seeking action against MUFG Bank, Mitsubishi UFJ Morgan Stanley Securities, and Morgan Stanley MUFG Securities.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 4:23 pm

MUFG

Japan's Securities and Exchange Surveillance Commission is considering recommending punitive action against MUFG Bank and two securities companies under Mitsubishi UFJ Financial Group for allegedly sharing customer information without consent. The entities involved are MUFG Bank, Mitsubishi UFJ Morgan Stanley Securities, and Morgan Stanley MUFG Securities.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 4:20 pm

GL

The Bear Cave Newsletter has issued a report titled 'Problems at Globe Life (GL)', highlighting potential issues at the company.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 2:33 pm

GME

Keith Gill, known as 'Roaring Kitty,' is under scrutiny for his trading activities involving GameStop Corp. (NYSE:GME). Experts argue that Gill is exploiting regulatory gaps, potentially engaging in market manipulation. The controversy has intensified with concerns about his significant short-term position in GameStop options.

Portfolio Pulse from Benzinga Neuro

June 06, 2024 | 1:56 pm

AMZN

GOOGL

MSFT

NVDA

U.S. regulators are launching a broad antitrust investigation into major AI companies, including Amazon (AMZN), Google (GOOGL), Microsoft (MSFT), and Nvidia (NVDA). The probe aims to scrutinize potential anti-competitive practices in the rapidly growing AI sector.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 1:53 pm

MSFT

The Federal Trade Commission (FTC) has initiated an antitrust investigation into Microsoft's recent deal with Inflection AI. The probe focuses on whether Microsoft structured the deal to avoid government antitrust review. Microsoft hired Inflection AI's co-founder and most of its employees and agreed to pay $650 million as a licensing fee.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 1:46 pm

BA

Boeing's outgoing CEO, Dave Calhoun, is set to testify before the U.S. Senate on June 18 regarding safety concerns and production issues with the 737 MAX model. This comes amid multiple government investigations and recent operational failures. The stock closed at $189.85 on Wednesday.

Portfolio Pulse from Benzinga Neuro

June 06, 2024 | 11:02 am

GOOGL

IYW

MSFT

XLK

Microsoft is under FTC investigation for its $650 million deal with Inflection AI, which involved hiring most of the startup's employees. The FTC is examining whether the deal was structured to avoid antitrust review. Potential penalties for Microsoft include fines and suspension of the transaction.

Portfolio Pulse from Shivani Kumaresan

June 06, 2024 | 10:25 am

NFGC

New Found Gold has entered into a $3.75M settlement agreement concerning a lawsuit filed by ThreeD Capital and 1313366 Ontario. The settlement involves the transfer and issuance of New Found Shares, subject to TSXV and NYSE American approval.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 10:13 am