Shivani Kumaresan

Shivani Kumaresan

Benzinga Staff Writer

Elon Musk Argues Mistake, Not Fraud, In Twitter Stake Disclosure Lawsuit
Elon Musk seeks to dismiss a lawsuit from former Twitter shareholders, arguing the delay in disclosing his 9.2% stake was unintentional. Shareholders claim Musk violated SEC rules, buying more shares at lower prices.
What's Going On With Nvidia Stock On Friday?
EU competition chief Margrethe Vestager noted a "bottleneck" in AI chip supply from Nvidia, but regulators haven't decided on actions. In another development, New Street Research analyst Pierre Ferragu downgraded NVDA from Buy to Neutral.
Toyota Subsidiary Violated Japan's Law Protecting Subcontractors: Report
A subsidiary of Toyota was found violating Japan's subcontractor protection laws, according to the Japan Fair Trade Commission (FTC). Toyota Customizing & Development Co. (TCD) failed to compensate suppliers for storage fees of metal die casts and other items.
Tesla's Top Rival BYD Clinches $1B EV Manufacturing Plant Agreement With Turkey
Chinese EV maker BYD is set to sign a $1 billion deal with Turkey for a manufacturing plant in Manisa province. President Recep Tayyip Erdogan will announce the agreement on Monday. The new facility aims to enhance BYD's access to the EU market.
Elon Musk's X Faces EU Penalty Warning For Failing To Control Harmful Content
The European Union is preparing to issue a formal warning to X, Elon Musk's social media platform, for failing to address dangerous content. This action could lead to fines up to 6% of X's revenue.
Fortnite Maker Epic Games Accuses Apple Of Blocking Its Game Store Launch
Epic Games, creator of "Fortnite," accuses Apple Inc. (NASDAQ: AAPL) of blocking its efforts to launch a games store on iPhones and iPads in Europe. Epic claims Apple rejected their submissions, citing design similarities to the App Store. Epic argues this decision violates the Digital Markets Act (DMA).
China's Geely Targets South Korea For Premium EV Debut By 2026: Report
Geely Automobile reportedly plans to introduce its first premium electric vehicle (EV) in South Korea by 2026, targeting a market led by Hyundai and Kia Corp. Geely's Zeekr will open showrooms in Seoul and Gyeonggi province next year, with deliveries starting in early 2026.
What's Going On With Department Store Major Macy's Shares On Friday?
Macy's shares are rising in premarket trading as investor group Arkhouse Management and Brigade Capital Management increased their bid to $24.80 per share, valuing the company at $6.9 billion.
Netflix, Disney Challenge Canadian Content Fee In Court: Report
Netflix, Walt Disney, and other U.S. streaming giants are challenging a Canadian regulation that mandates a 5% revenue contribution to support local news. The Motion Picture Association-Canada argues the order exceeds the CRTC's authority and ignores the billions these companies invest annually.
What Happened With General Motors Shares On Wednesday?
General Motors will retire 50 million metric tons of greenhouse gas credits and pay a $145.8 million penalty following an EPA investigation that found excess CO2 emissions from 5.9 million vehicles.
Stellantis And CEA Partner To Develop Next-Generation EV Battery Cells
Stellantis and CEA have initiated a five-year collaboration to design next-generation battery cells for electric vehicles (EVs). This partnership aims to create advanced battery cells with superior performance, longer lifespan, and reduced carbon footprint.
What's Going On With Semiconductor Company ASML Stock Today?
Shares of ASML Holding are up after the company received approval for its Veldhoven headquarters expansion. The Netherlands' Council of State dismissed local objections about traffic and noise, allowing the project to proceed.
What's Going On With United Airlines' Shares On Wednesday?
United Airlines introduced a new feature to enhance customer communication during weather delays by texting customers.
Alaska Airlines Flight Attendants Secure Pay Bump, 32% Raise Goes To Vote
Alaska Air reached a deal that includes significant holiday and overtime pay improvements for flight attendants.
Constellation Brands' Stock Rises as Beer Segment Drives Q1 Profit Boom
Constellation Brands shares rise as the company posts better-than-expected Q1 FY25 adjusted EPS. Despite missing sales estimates with a 5.8% growth to $2.66 billion, net sales for the Beer segment increased by 8% Y/Y.
Why Is Paramount Global Stock Surging Today?
Paramount Global shares rise as Skydance Media reportedly agrees to acquire National Amusements Inc. and merge with Paramount. This deal aims to strengthen Paramount's competitive position in the media landscape.
Green Dreams vs. AI Reality: Google's Emissions Soar Amid Tech Expansion
Alphabet Iowned Google saw a nearly 50% surge in emissions over the past five years due to AI integration, challenging its 2030 carbon elimination goal. Google's 2023 emissions reached 14.3 million metric tons of CO2 equivalent, 48% higher than in 2019.
Battle Over Beds: FTC Sues To Block Tempur Sealy's $4B Bid for Mattress Firm, Citing Competition Concerns
Tempur Sealy faces a major setback as the Federal Trade Commission (FTC) voted unanimously to block its $4 billion acquisition of Mattress Firm Group Inc. The merger, combining the largest mattress manufacturer with the top retailer, raises significant competition concerns, potentially leading to higher prices and job losses.
Walmart Explores Sale Of Closed Health Clinics To Recoup Investments: Report
Walmart is reportedly in talks with potential buyers to sell its recently closed medical clinics. In April, Walmart shut down all 51 clinics and ended its virtual healthcare services, citing an unsustainable business model.
Uber's Latest Wave: Launches Luxury Yacht And Boat Rides Across European Destinations
Uber Technologies introduces Uber Yacht in Ibiza this August, offering luxury yacht experiences for €1600. Vacationers can book an 8-hour trip on a Sunseeker Yacht via the Uber app, including a personal skipper, champagne, and artisan snacks.