Apple has agreed to pay $95 million to settle a class action lawsuit filed by users who claimed that the company was eavesdropping on their Siri conversations and sharing the information with advertisers. The lawsuit dates back to 2019 when it was revealed that Apple was employing contractors to listen to private Siri recordings. To be eligible for the payout, users must be based in the U.S. and own an Apple device between Sept. 17, 2014 and Dec. 31, 2024. A website will be set up for users to confirm their eligibility and file a claim within the specified period of time.
Tesla CEO Elon Musk faces yet another legal battle, this time with Twitter’s former senior executives, over unpaid severance following his company's acquisition of the social media platform. The executives allege that Musk fired them at the last minute to avoid their agreed-upon severance packages. This lawsuit adds to Musk's mounting legal troubles related to employee compensation, with past lawsuits and ongoing arbitration cases.
Anil Agarwal-led Vedanta Ltd has approved the third interim dividend of Rs 20 per share for the current financial year. This brings the total dividend payout for FY'25 to Rs 13,474 crore, with the company already approving two interim dividends in May and July. The consistent flow of dividends and appreciation in capital has resulted in a five-year total shareholding return and dividend yield of 276% and 65% respectively for shareholders, according to Vedanta's investor presentation. The company has also reportedly raised funds of Rs 30,000 crore to pursue further growth and deleveraging.
Omid Kordestani, former chairman of Twitter, has filed a lawsuit against the social media giant, alleging that its billionaire owner Elon Musk is refusing to pay him more than $20 million worth of shares. Kordestani claims that he is owed these shares as part of his compensation and that Musk is deliberately withholding the payout. The lawsuit adds another layer of controversy to Twitter and Musk's already tumultuous relationship.
The bitter divorce between the AIFF and former India coach Igor Stimac has taken a new turn as legal action looms over a disputed severance payout. The AIFF claims that Stimac's contract, which was negotiated and signed by the former general secretary, was changed to include a termination clause not favorable to the federation. However, Stimac and his legal team deny this. Despite multiple opportunities to negotiate, both parties remain at an impasse and the issue will likely be resolved in court.
Encore Wire, a leading wire and cable manufacturer, has issued a dividend to its shareholders from its excess cash. Unlike most companies that pay dividends quarterly, Encore Wire has announced that its dividends may also be paid on a monthly, annual, or irregular basis. The next dividend payout for Encore Wire will be on July 19, 2024 and investors must be shareholders by July 5, 2024 to receive it. With a current yield of 0.03%, Encore Wire's dividend announcement on May 15, 2024 is eagerly awaited by investors.
The makers of the Covishield vaccine, AstraZeneca, have acknowledged for the first time that the vaccine may lead to a rare side effect called Thrombosis with Thrombocytopenia Syndrome (TTS). This comes as the company is being sued in a class action and could result in a significant legal payout. Public health experts explain that TTS is a rare condition that has been observed as a potential adverse effect of certain COVID-19 vaccines, including Covishield. They also stress the importance of early detection and treatment of TTS for recovery, and believe that AstraZeneca's admission could lead to enhanced safety monitoring and regulatory oversight for vaccines.
Progressive Parlays, a top sports betting platform, offers high-end customer support and attractive odds for top sports. Their progressive parlays feature allows bettors to have more flexibility and potentially win big. In addition to this, new users can also receive a free bet of up to $250, along with various bonuses and promotions. With fast banking and payout speeds, top-notch security and trustworthy services, and excellent customer support, it's no surprise that Progressive Parlays is a popular choice for bettors looking for competitive odds and a seamless betting experience.
As the Valero Texas Open approaches, golf fans have a chance to place bets on their favorite players to win, including Keith Mitchell. The odds are in his favor, with a potential payout of $660 if he were to win the tournament. Along with traditional bets, there are also options to bet on specific rounds and matchups. Despite not having a PGA Tour win yet this season, Mitchell has a strong track record at this tournament and is predicted to have a top 5 or top 10 finish.
As dividend, bonus, and stock split announcements flood the market, investors are keeping a close watch on Bank of Maharashtra, Rossari Biotech, Manappuram Finance, Great Eastern Shipping, Kennametal India, Kansai Nerolac, Trent, and Radhika Jeweltech. With each company offering different payout ratios and ex-dates, here's a comprehensive list to help investors plan their moves. Exciting developments are expected as Radhika Jeweltech prepares to trade ex-stock split followed by an ex-bonus date for investors, making this an eventful week for the stock market.