Releases
Found 41822 articles
Regal Rexnord Posts Second Quarter Gains Amid CEO Transition
Regal Rexnord Corporation reported a 4.2% increase in second-quarter sales to $1.558 billion, bolstered by an 8.8% rise in daily orders. Under new CEO Aamir Paul, the Milwaukee-based manufacturer navigated inflationary pressures and soft demand in residential HVAC and mining markets to deliver a 46.7% jump in GAAP net income.
ECARX Management to Speak at J.P. Morgan Auto Conference
Executives from automotive intelligence firm ECARX are set to take the stage at the upcoming J.P. Morgan Auto Conference in New York. The presentation, scheduled for August 12, 2026, will offer investors and industry analysts a closer look at the company’s current trajectory in the software-defined vehicle market.
STX Adopts Eventus Validus for Real-Time Market Surveillance
As it nears a CFTC-regulated launch, prediction market exchange STX has deployed the Validus platform from Eventus Systems to manage trade surveillance. The integration aims to establish a high-integrity framework for sports and crypto event contracts, proactively identifying manipulative behaviors like spoofing and price ramping before the exchange goes live.
Criteo Promotes Connor McGogney to Chief Financial Officer
After six years steering the company's fiscal direction, Sarah Glickman is stepping down as Criteo’s Chief Financial Officer. The commerce intelligence firm announced today that current Chief Strategy Officer Connor McGogney will assume the role on August 10, 2026, marking a shift in executive leadership at the New York-based company.
Criteo Reports Q2 2026 Results Amid Strategic Pivot
Commerce intelligence platform Criteo recorded a decline in second-quarter revenue to $428 million, marking an 11% year-over-year drop. Despite the softening financial performance, the company announced the appointment of Connor McGogney as Chief Financial Officer and continues to integrate AI-driven advertising tools across its global retail media network.
VersaBank Secures SEC Approval for US Corporate Reorganization
The U.S. Securities and Exchange Commission has declared VersaBank’s Form S-4 registration statement effective, clearing a critical hurdle for the lender’s transition to a standard U.S. bank framework. This structural shift, which establishes a new Delaware-based holding company, now moves to a final shareholder vote scheduled for mid-September.
Galaxy Digital Reports Q2 Loss as Data Center Expansion Accelerates
Galaxy Digital recorded a net loss of $85 million for the second quarter of 2026, a result primarily attributed to the depreciation of digital asset prices. Despite the bottom-line dip, the firm significantly scaled its data center infrastructure, securing a power pipeline now exceeding 5.7 gigawatts across Texas.
Forbes Travel Guide Launches Debut and Curated Luxury Collections
Fourteen upcoming Mandarin Oriental properties headline the inaugural Debut collection, as Forbes Travel Guide moves beyond its traditional star-rated portfolio. This expansion introduces two new categories designed to provide travelers and advisors with early access to upcoming luxury openings and destinations currently outside the organization’s independent inspection network.
Spire Inc. Reaffirms Earnings Targets Following Portfolio Shift
St. Louis-based Spire Inc. reported a net loss of $42.6 million for its fiscal 2026 third quarter, a decline attributed to the company's recent divestiture of its marketing and storage businesses. Despite the quarterly loss, leadership reaffirmed its annual earnings guidance as the utility moves toward a simplified, fully regulated model.
Innoviz pivots to defense as LiDAR revenue hits record $18.1 million
Innoviz Technologies has launched a dedicated defense brand, Perciz, securing its first multimillion-dollar contract as the company looks to diversify beyond its core automotive business. The Tel Aviv-based firm reported record quarterly revenues of $18.1 million, signaling a push to stabilize growth through homeland security and perimeter protection applications.
PTC Schedules Four Investor Conferences for Late 2026
Boston-based software developer PTC has confirmed its participation in a series of four major technology and communication investor conferences scheduled through the end of 2026. These meetings will focus on the company's financial outlook and product development strategies as it continues to support its global manufacturing customer base.
InMode Faces Margin Pressure Despite Revenue Stability in Q2 2026
InMode reported $95.6 million in second-quarter revenue for 2026, matching its performance from the same period last year. Despite this stability, the medical technology firm saw its GAAP operating income drop to $12.3 million as higher operational costs and a shifting product mix weighed on overall profitability.
Community Health Network taps AI to slash surgical supply costs
With one-third of its operating expenses tied to the supply chain, Indianapolis-based Community Health Network is deploying the Clarium AI platform across its nine hospitals. The partnership aims to curb waste and streamline the management of surgical preference cards, targeting millions in annual savings for the health system.
Forbes Travel Guide Launches Debut and Curated Collections
Fourteen upcoming Mandarin Oriental properties anchor the launch of Forbes Travel Guide’s new discovery collections, marking a strategic shift for the hospitality authority. The initiative introduces a vetted selection of hotels and cruises beyond the organization’s traditional Star-Rated portfolio, catering to travelers seeking early access to emerging luxury destinations.
Corbel and Sea Pine Back Texas Roofer Executive Exteriors
Dallas-based Executive Exteriors has secured a fresh infusion of capital from Corbel Capital Partners and Sea Pine Equity Partners to fuel a national expansion. The deal, announced August 5, 2026, keeps founder Drake Gordon at the helm as the company prepares to scale its specialty roofing and restoration operations.
Novisto Launches Digital Tool to Automate Double Materiality Assessments
Montreal-based sustainability firm Novisto has introduced an on-demand software solution designed to digitize double materiality assessments, moving companies away from static consultant-led reports. The platform integrates directly into enterprise workflows to help businesses meet complex reporting standards like CSRD, ISSB, and GRI through a unified, auditable digital framework.
Major League Pickleball Signs Torch Beverages as Official THC Partner
Major League Pickleball has entered a multi-year agreement with Torch Beverages, designating the Miami-based company as the league’s official THC drink provider through 2027. The partnership signals a shift in professional sports sponsorship, as hemp-derived products increasingly target the social landscape surrounding the nation’s fastest-growing athletic pursuit.
Aurora Cannabis pivots to global medical markets as consumer sales fade
Aurora Cannabis reported $67.6 million in net revenue for the first quarter of fiscal 2027, a 9% year-over-year decline driven by the company’s strategic withdrawal from the Canadian consumer cannabis market and lower federal reimbursement rates for medical products.
Altair Industries Acquires Specialty Wire Manufacturer Central Wire
Private equity firm Altair Industries has acquired Central Wire Industries, a global manufacturer specializing in high-performance alloy wire and cable. The deal integrates CWI’s 12 manufacturing sites across North America and Europe into Altair’s portfolio, targeting a growing market demand for resilient, domestically sourced mission-critical industrial materials.
MondeVita Acquires Underscore District to Scale Italian Luxury
MondeVita has secured a majority stake in Milan-based brand accelerator Underscore District, the creative engine behind Magliano and retailer WOK Store. This acquisition serves as the second pillar in the group’s effort to construct an integrated luxury platform that merges traditional Italian manufacturing with modern digital and retail infrastructure.
Kevin Guest on Turning Happiness Into a Daily Workplace Discipline
Happiness is not a byproduct of perfect circumstances, but a deliberate choice, according to Kevin Guest, CEO of USANA Health Sciences. As August marks Happiness Happens Month, the executive suggests that professional resilience and personal fulfillment rely on small, actionable habits rather than waiting for conditions to improve.
Kyndryl Posts Quarterly Loss Amid Workforce Restructuring
Conflict lead: While Kyndryl reported a $55 million net loss for its fiscal first quarter of 2027, the technology services provider maintained its full-year financial outlook, buoyed by a 34% surge in hyperscaler-related revenue and strong demand for AI-led modernization services despite significant operational streamlining costs.
Investors Face August 11 Deadline in Nano-X Imaging Securities Lawsuit
Investors who purchased Nano-X Imaging Ltd. securities between March 31, 2025, and April 17, 2026, are being urged to evaluate their legal options. A class-action lawsuit alleges the company misled shareholders regarding its manufacturing efficiency, product demand, and overall financial stability before a significant stock decline.
Pyxus International Reports Revenue Dip Amid Strategic Sourcing Shift
Pyxus International, the global agricultural firm, reported first-quarter fiscal 2027 sales of $437.8 million, down from $508.8 million a year earlier. The Morrisville-based company attributed the decline to lower average sales prices for leaf products in South America and Africa alongside shifted shipping timelines in North America.
Logistics veteran opens new PostNet center in Hialeah
After nearly four decades leading operations at UPS, Rolando Sardinas is pivoting to local entrepreneurship. He has launched a new PostNet franchise at 2750 W. 68th Street, Suite 105, aiming to provide Hialeah businesses and residents with specialized printing, shipping, and logistics support.
Thomson Reuters Boosts Annual Outlook as Revenue Growth Hits 9%
Thomson Reuters reported a 9% revenue increase for the second quarter of 2026, fueled by strong demand across its core professional segments. The company responded to this momentum by raising its full-year growth targets, while simultaneously finalizing a strategic joint venture to spin off its Global Print business to KKR.
CMC Boosts Share Buyback Program by $600 Million
The Irving-based steel manufacturer CMC has expanded its common stock repurchase program by $600 million, bringing the company's total available buyback capacity to approximately $717 million. This move follows the company’s previous commitment to returning capital to shareholders while maintaining a robust balance sheet.
Electric Vehicle Composites Market Set to Double by 2031
The global market for electric vehicle composites is poised for a significant expansion, with projections indicating a rise from $2.69 billion in 2026 to $5.45 billion by 2031. Driven by the urgent need for lightweight materials, the sector is expected to maintain a compound annual growth rate of 15.2% over the next five years.
Eli Lilly Revenue Surges 48% as Weight-Loss Drugs Drive Growth
Eli Lilly and Company reported second-quarter revenue of $23 billion, a 48% jump fueled by the massive demand for its weight-loss treatments Mounjaro and Zepbound. The pharmaceutical giant responded to this momentum by raising its full-year revenue guidance to a range of $85 billion to $87 billion.
Target Hospitality Expands Board with Infrastructure and Data Experts
Target Hospitality has appointed Margaret Smyth and Erich Sanchack to its Board of Directors, signaling a pivot toward high-growth infrastructure markets. The move, effective August 4, 2026, adds deep financial governance and global data center operational experience to the Texas-based modular accommodation provider’s leadership roster.