Hyster-Yale reported a Q1 2026 operating loss of $28 million on revenues of $795 million, down 13% year-over-year due to a shift to lighter, lower-priced trucks and tariff costs. Despite challenges from tariffs, supply chain issues, and economic uncertainty, bookings improved sequentially, signaling early market stabilization. The company expects shipment volumes to bottom in Q2 2026 with a recovery in the second half driven by stronger bookings, cost reductions, and new product offerings. Full-year 2026 is projected to show a modest operating profit as tariff mitigation and operational efficiencies take effect.
The U.S. Bankruptcy Court for the Central District of California confirmed the Plan of Liquidation for Oceanwide Plaza LLC, enabling the $470 million sale of the stalled Downtown Los Angeles development to KPC Square, a joint venture between KPC Grou...
When Bitcoin blocks reach their 4 million weight unit limit, new transactions don't stop but enter a competitive fee auction in the mempool, where miners prioritize higher-fee transactions for confirmation. This dynamic means transactions with low fe...
Legrand SA has shown solid growth driven by strong demand in datacentres and effective operating leverage, despite facing unit margin pressures from raw material inflation and tariffs. The company expects organic growth of 4-7% and plans pricing acti...
FTX is set to distribute an additional $900 million to creditors, bringing total repayments to over $10 billion. This milestone marks significant progress in the bankruptcy process, offering hope to creditors who have been awaiting recovery of their ...
Zoom Communications has appointed Carlos Quaderi as Head of Asia Pacific (APAC), effective August 1, 2026, to lead its growth strategy across the region excluding Japan. Quaderi, with over 30 years of experience and previous leadership roles at Workd...
