A securities class action lawsuit has been filed against Hertz Global Holdings for allegedly making false statements about its liquidity and financial condition between February 2024 and February 2026. The complaint claims Hertz misrepresented its ability to fund operations without a distressed, dilutive capital raise, which was later announced in June 2026, causing the stock price to drop over 40%. Investors who bought Hertz stock during this period and suffered losses may join the lawsuit, with a deadline to seek lead plaintiff status by September 22, 2026. The case highlights risks of undisclosed financial weaknesses impacting shareholder value.
Alstom has secured a €270 million contract from the Victorian Government to build 25 additional X’trapolis 2.0 trains, increasing the total fleet to 50. These energy-efficient electric trains feature 60% local content, supporting Victoria's rail manu...
Ed Stafford, famed explorer and Discovery Channel host, has become a global owner of the JETOUR G700 SUV, marking a partnership to co-produce Season 2 of JETOUR’s Adventure of Extremes. The vehicle handover ceremony was held with top executives from ...
Defence Therapeutics has named Dr. Amie Phinney as its new President and CEO, effective August 1, 2026, with founder Sébastien Plouffe moving to Executive Chairman. Dr. Phinney brings over 20 years of pharmaceutical and biotech leadership experience ...
Amazon's AWS segment accounts for 60.3% of its operating income, showing accelerating revenue and margin growth driven by demand for custom chips, SaaS, and compute backlog. This growth supports Amazon's aggressive capital expenditure plans and doubl...
Smith & Nephew cut its full-year revenue growth forecast to around 4% from 6% due to weaker-than-expected sales in its US orthopaedics and wound care segments during Q2. Despite a 2.8% revenue rise to $1.6 billion, underlying growth was only 1.6%, im...
