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Citibank wins lawsuit against fired analyst who expensed his partner’s meals to the company and then claimed he ate two of everything
Citibank wins lawsuit against fired analyst who expensed his partner’s meals to the company and then claimed he ate two of everything
Jan 15, 2024
  Former Citibank Analyst's Unfair Dismissal Claim Rejected   Employee Lied About Food Expenses  A former Citibank analyst, Szabolcs Fekete, has lost his claim of unfair dismissal after a tribunal discovered he had lied about buying food for his partner and charging it to his employer.   Fekete, who was a senior analyst, claimed he had been both wrongfully and unfairly dismissed by Citibank....
Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Nov 29, 2023
Six persons, including a 47-year-old woman, were injured in the incident. All of them were admitted to the nearby Shatabdi Hospital. They are being treated at the Out-patient Department (OPD) of the hospital and their condition is stable.
PayU’s India biz clocks $211 million in revenues; Prosus attributes growth to Lazycard shutdown
PayU’s India biz clocks $211 million in revenues; Prosus attributes growth to Lazycard shutdown
Nov 29, 2023
The growth in revenues largely came from its existing merchants and payment processing stack Wibmo, as new merchant signups continued to be paused for the Indian entity after a Reserve Bank of India (RBI) order.
Adobe’s CFO is helping steer the company’s path into generative AI
Adobe’s CFO is helping steer the company’s path into generative AI
Jan 15, 2024
  Generative AI: Adobe's Finance Organization Embraces Innovation   Introduction  Adobe, a leading software company, is charging full steam ahead towards a future powered by generative AI products, with finance playing a pivotal role in this transformative journey. Dan Durn, CFO and EVP of finance, technology services, and operations at Adobe, emphasizes the significance of the finance organization's involvement in strategic discussions, understanding...
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Sector Update: Tech
Sector Update: Tech
Nov 15, 2024
08:49 AM EST, 11/15/2024 (MT Newswires) -- Technology stocks were declining premarket Friday, with The Technology Select Sector SPDR Fund (XLK) down 1.1% and the SPDR S&P Semiconductor ETF (XSD) 0.7% lower. Applied Materials ( AMAT ) shares were more than 9% lower after the company overnight reported a decline in fiscal Q4 earnings. ...
US Futures Modestly Lower Ahead of Key Retail Sales Data
US Futures Modestly Lower Ahead of Key Retail Sales Data
Nov 15, 2024
08:09 AM EST, 11/15/2024 (MT Newswires) -- US stock futures are trading lower in Friday's premarket session ahead of the release of key retail sales figures. Dow Jones Industrial Average futures were off 0.3%, S&P 500 futures were down 0.5%, and Nasdaq futures were 0.7% lower. Oil prices were moving marginally lower, with front-month global benchmarks North Sea Brent crude...
Sector Update: Health Care Stocks Decline Premarket Friday
Sector Update: Health Care Stocks Decline Premarket Friday
Nov 15, 2024
09:13 AM EST, 11/15/2024 (MT Newswires) -- Health care stocks were declining premarket Friday, with The Health Care Select Sector SPDR Fund ( XLV ) 0.4% lower and the iShares Biotechnology ETF (IBB) down 0.9%. Alignment Healthcare ( ALHC ) shares were down past 14% after the company announced privately negotiated subscription deals with certain investors to issue $330 million...
Sector Update: Health Care
Sector Update: Health Care
Nov 15, 2024
08:56 AM EST, 11/15/2024 (MT Newswires) -- Health care stocks were lower premarket Friday with the Health Care Select Sector SPDR Fund (XLV) down 0.3%, and the iShares Biotechnology ETF (IBB) recently down 0.1%. Alignment Healthcare ( ALHC ) shares fell past 14% after the company announced privately negotiated subscription deals with certain investors to issue $330 million of 4.25%...
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Unpacking the Latest Options Trading Trends in Qualcomm
Unpacking the Latest Options Trading Trends in Qualcomm
Jul 3, 2024
Investors with a lot of money to spend have taken a bullish stance on Qualcomm ( QCOM ) . And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big...
Nintendo Escalates Anti-Piracy Campaign With Lawsuit Against Modded Hardware
Nintendo Escalates Anti-Piracy Campaign With Lawsuit Against Modded Hardware
Jul 3, 2024
Nintendo ADR‘s (OTC:NTDOY) legal offensive against alleged Nintendo Switch pirates continues, with the latest lawsuit targeting Modded Hardware, a modding company. The suit alleges Modded Hardware not only provides the necessary hardware and firmware for creating and playing pirated games but also distributes pirated copies of Nintendo ( NTDOF ) games. See Also: Garry’s Mod Under Fire: Nintendo Orders Massive...
Ericsson to record $1.1 billion impairment charge related to Vonage acquisition
Ericsson to record $1.1 billion impairment charge related to Vonage acquisition
Jul 3, 2024
(Reuters) - Mobile telecoms equipment maker Ericsson said on Wednesday it will record a noncash impairment charge of 11.4 billion Swedish crowns ($1.09 billion) in the second quarter of 2024, related to its acquisition of Vonage. The impairment charge reflects lower anticipated market growth in some of Vonage's current portfolio, the company said in a statement. Given deterioration in the...
KKR, Francisco Partners vying to acquire Instructure, sources say
KKR, Francisco Partners vying to acquire Instructure, sources say
Jul 3, 2024
July 3 (Reuters) - Private equity firms KKR and Francisco Partners are competing to acquire Instructure ( INST ) , a U.S. education software provider with a market value of $3.4 billion, people familiar with the matter said on Wednesday. The two buyout firms are through to the final round of bidding for Instructure ( INST ) and are preparing...
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Warburg Pincus to buy Germany's PSI for over 700 million euros
Warburg Pincus to buy Germany's PSI for over 700 million euros
Oct 13, 2025
(Reuters) -Private equity firm Warburg Pincus has struck a deal to buy Germany's PSI Software for more than 700 million euros ($811 million), with shareholder and customer E.ON remaining a strategic investor, the firms said on Monday. Reuters first reported on both a nearing takeover of PSI last week and Warburg Pincus' offer for the maker of software for energy...
Solidion Unveils Next-Gen AI Power Supply, Shares Jump 90%
Solidion Unveils Next-Gen AI Power Supply, Shares Jump 90%
Oct 13, 2025
Solidion Technology Inc. ( STI ) shares skyrocketed after the company unveiled the PEAK Series, a next-generation uninterruptible power supply (UPS) designed for artificial intelligence data centers. The PEAK Series, short for Power, Energy, Anode, Knowledge, utilizes Solidion’s proprietary 5500 battery cell, built on silicon-carbon anode technology, to deliver higher energy density, lower maintenance costs, and improved reliability. Solidion (...
Ondas' Rift Dynamics Partnership to Include Nammo to Collaborate on Drone for Exclusive Sale in US
Ondas' Rift Dynamics Partnership to Include Nammo to Collaborate on Drone for Exclusive Sale in US
Oct 13, 2025
10:00 AM EDT, 10/13/2025 (MT Newswires) -- Ondas Holdings ( ONDS ) said Monday it expanded its partnership with Rift Dynamics to include Nammo Raufoss to work on a fully integrated Wasp drone with munition payloads that will be sold exclusively in the US by Ondas ( ONDS ) unit American Robotics. The combination of Nammo's warheads with Rift's Wasp...
Lucid Group Expands California Retail Presence With 2 New Stores
Lucid Group Expands California Retail Presence With 2 New Stores
Oct 13, 2025
10:00 AM EDT, 10/13/2025 (MT Newswires) -- Lucid Group ( LCID ) said Monday that it is opening two new Studio and Service Centers in California, expanding its presence in the state to 15 locations. The new center in San Jose was inaugurated last weekend, while the San Diego facility will open on Nov. 8, the company said. Price: 21.07,...
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Thailand’s Crypto Ambitions Faces Hurdles as Phuket Payment Pilot Looms
Thailand’s Crypto Ambitions Faces Hurdles as Phuket Payment Pilot Looms
Jan 9, 2025
Thailand’s finance minister, Pichai Chunhavajira, has made some positive comments regarding the wider adoption of digital asset payments in the kingdom, but several hurdles remain. On Jan. 8, Mr Pichai questioned why Thailand should not embrace cryptocurrencies, which are being exchanged globally with strong demand, answered: “With growing demand and ongoing geopolitical issues worldwide, people are increasingly seeking alternatives to...
Bitcoin (BTC) Supply Shock Unlikely in 2025: Here’s Why
Bitcoin (BTC) Supply Shock Unlikely in 2025: Here’s Why
Jan 10, 2025
With Bitcoins increasing presence in traditional financial systems and speculation around a US BTC strategic reserve, some experts foresee a major supply shock during this cycle, potentially disrupting the 4-year cycle theory with extraordinary price growth. However, a new report indicates that such a supply shock is unlikely to happen in 2025. Analyzing Bitcoin Long-Term Holder (LTH) Supply While Bitcoins...
Will Markets Keep Falling When $1.8B Bitcoin Options Expire Today? 
Will Markets Keep Falling When $1.8B Bitcoin Options Expire Today? 
Jan 10, 2025
Approximately 19,300 Bitcoin options contracts will expire on Friday, Jan. 10, with a notional value of around $1.8 billion. This week’s expiry event is very similar to last week’s, which did not have any direct impact on spot markets. Bitcoin has been in retreat for the past few days following its latest foray into six-figure territory. Bitcoin Options Expiry This...
Bhutan’s GMC to Recognize Bitcoin, Ether, and BNB in Strategic Reserve
Bhutan’s GMC to Recognize Bitcoin, Ether, and BNB in Strategic Reserve
Jan 9, 2025
Bhutans newly established Special Administration Region Gelephu Mindfulness City (GMC) announced plans to recognize digital assets such as Bitcoin (BTC), Ether (ETH), and Binance Coin (BNB) as part of its strategic reserves. The latest move has made the region one of the first jurisdictions to officially hold digital assets within its reserve portfolio. The initiative is expected to boost GMCs...
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