Stepan Company reported a 102% increase in Q2 2026 net income to $22.9 million, driven by higher sales volumes, margin recovery, and efficiency gains from Project Catalyst. Adjusted EBITDA rose 45% year-over-year to $74.4 million, supported by strong growth in Surfactants and Polymers segments. The company plans to reduce its global salaried workforce by about 100 positions as part of ongoing restructuring efforts, expecting full-year charges of $75-$80 million. Despite market uncertainties, Stepan expects full-year adjusted EBITDA growth, positive free cash flow, and reduced debt in 2026.
Geely Auto Group reported October vehicle sales of 310,183 units, surpassing 300,000 for the first time in 2026, marking eight consecutive months of year-over-year and month-over-month growth. New energy vehicles (NEVs) accounted for 69% of sales, re...
Initia's layer-1 blockchain network and rollups have resumed operations following a halt due to a mint exploit that led to an estimated $2.6 million being withdrawn fraudulently. While the network is back online and the backing of assets like AUSD0, ...
Initia has restored its Layer 1 network and rollups following a security incident that caused a pause in operations. Cross-chain bridge and trading-platform transfers are expected to resume on Nov 2, with withdrawals of WETH and AUSD0 assets requirin...
A video posted by The Bitcoin Historian attributed statements about increasing institutional adoption of crypto and improving global regulatory clarity to Franklin Templeton, but no specific company representative was named. The video suggested that ...
Atos has appointed Judith Stewart as the new Head of Healthcare & Life Sciences for Asia Pacific, aiming to accelerate growth and innovation in the sector. With over 18 years of healthcare leadership experience, Judith will focus on helping organizat...
