Releases

27698 items in section

Rackspace Shareholders Face September Deadline in Fraud Class Action

Investors who incurred significant losses in Rackspace Technology, Inc. between May 7 and July 8, 2026, have until September 28 to petition for lead plaintiff status. The Law Offices of Howard G. Smith is spearheading the litigation, alleging that the company misled shareholders regarding its core business operations and financial health.

University of Florida Opens Advanced Robotics Lab to Solve Housing Crisis

Florida faces a dual crisis: a shortage of 121,000 homes and a shrinking construction workforce with 41% of laborers approaching retirement by 2031. To bridge this gap, the University of Florida has opened the nation’s most advanced robotics lab dedicated to industrialized construction, aiming to automate and accelerate the building process.

Cornerstone Bancorp Reports Growth in Lending and Wealth Management

Cornerstone Bancorp posted a consolidated net income of $3.2 million for the second quarter of 2026, marking a climb from $2.8 million during the same period last year. The Palatine-based institution leveraged a 16% expansion in its loan portfolio to drive earnings to $3.2 per diluted share.

Wix Faces Class Action Lawsuit Following AI Strategy Stumble

A 27% single-day collapse in Wix.com shares has triggered a securities class action lawsuit, as investors allege the web development platform misled shareholders about the true financial costs and competitive viability of its aggressive AI initiatives, Base44 and Harmony, throughout 2025 and early 2026.

Santa Barbara Inventor Targets Construction Site Efficiency

A Santa Barbara construction worker has developed the Uriarte Air Brush Cleaner, a specialized tool intended to simplify the clearing of drilled concrete holes. By integrating airflow with mechanical rotation, the device aims to replace the collection of individual brushes and drills typically required for site preparation.

PrimoHoagies Taps Wendy’s Veteran to Lead National Expansion

PrimoHoagies has appointed Glen Brandeburg as Chief Operating Officer to oversee the scalable systems required for the sandwich chain’s national growth. With over three decades of restaurant leadership, Brandeburg joins a newly assembled executive team tasked with maintaining quality standards while expanding the brand’s footprint across the United States.

The Hidden Costs of Dark Home Exteriors

While black and charcoal siding currently dominate residential design trends, the aesthetic choice carries significant risks for homeowners in sun-drenched climates. Experts warn that without careful material selection, dark-pigmented surfaces can absorb enough heat to cause rapid structural failure, including warping, fading, and even melting after a single summer.

CEB Taps Industry Veteran Keith James to Spearhead California Growth

After two and a half decades navigating the legal tech landscape at giants like LexisNexis and Thomson Reuters, Keith James is moving to Oakland. Starting August 3, James steps into the role of head of sales and renewals at CEB, tasked with scaling the provider’s footprint in the California legal market.

Investors File Class Action Lawsuit Against Bloom Energy Over Scandium Sourcing

A New York law firm has launched a class action lawsuit against Bloom Energy Corporation, alleging that the company misled shareholders regarding its dependency on Chinese-sourced scandium. The litigation targets claims made between February 27 and July 8, 2026, centering on transparency failures that purportedly impacted the company’s market valuation.

DataBahn Debuts Federated Search to Streamline Security Investigations

Security teams struggling with fragmented data silos now have a new way to query enterprise telemetry without moving information. Unveiled at Black Hat USA 2026, DataBahn’s Federated Search and Orchestration allows AI agents to search, analyze, and investigate across distributed data sources in place, cutting through traditional storage bottlenecks.

San Francisco Inventor Proposes AI-Driven Vehicle Security System

“I wanted to create something that would make people feel more secure about leaving their vehicles unattended,” said a San Francisco-based inventor. The developer is now seeking to bring the concept, dubbed GTA AI PATROL, to market as a deterrent against unauthorized access and automotive theft.

Minooka Inventor Develops Durability-Focused Lathe Tool Rest

Seeking a more reliable way to stabilize equipment on job sites, a Minooka-based inventor has designed the Lathe Tool Rest. This new hardware aims to replace traditional, less effective methods with a construction focused on ease of setup and long-term durability for professional trade workers.

XtraMaker Debuts All-in-One Desktop DTF Studio on Kickstarter

Shenzhen-based hardware brand XtraMaker has officially entered the crowdfunding market with its M1 Series, a compact desktop studio that automates the entire direct-to-film printing workflow. Launched August 4 at 9:00 AM PDT, the system handles printing, powdering, drying, and curing to streamline production for small apparel businesses.

Ke Bi Named Global CEO to Drive FranklinWH International Expansion

Ke Bi, a veteran executive with three decades of experience in renewable energy and telecommunications, has been appointed global chief executive officer of FranklinWH Energy Storage Inc. He is tasked with scaling the company’s U.S. residential energy management operations into European markets following his successful growth initiatives in Australia.

CrowdStrike Falcon Fund Backs Insider Risk Startup Above Security

At Black Hat USA, AI-native firm Above Security announced a strategic investment from the CrowdStrike Falcon Fund. The move deepens a partnership that integrates Above’s autonomous investigative agents with the Falcon platform, aiming to shift insider risk management from static policy monitoring to active, investigation-ready intelligence.

Phylo and Chugai Pharmaceutical Partner to Deploy Agentic AI

Scientists at Chugai Pharmaceutical are integrating Phylo’s Biomni Lab into their research workflows to combat the fragmentation of modern drug discovery. By deploying agentic AI to synthesize proprietary datasets, the collaboration aims to transform static biomedical information into actionable research hypotheses and accelerate the development of new therapeutic treatments.

Novig Expands Federally Regulated Sports Trading Nationwide

After securing a Designated Contract Market status from the Commodity Futures Trading Commission, Novig is rolling out its sports prediction platform across the United States. The expansion marks a shift for the company, which has already processed over $6 billion in trading volume while targeting a more transparent market model.

Blue Owl Closes Inaugural European Net Lease Fund at €1.6 Billion

Surpassing its initial €1 billion target and a hard cap of €1.5 billion, Blue Owl Capital has finalized its inaugural European net lease fund with €1.6 billion in commitments. The New York-based firm aims to target mission-critical, single-tenant industrial and infrastructure assets across the continent's underserved markets.

Blue Owl Raises €1.6 Billion for Inaugural European Real Estate Fund

Blue Owl Capital has closed its first dedicated European net lease fund with €1.6 billion in capital commitments, comfortably exceeding its original €1 billion target. The vehicle focuses on acquiring mission-critical, single-tenant industrial and infrastructure assets to serve investment-grade corporate tenants across the continent.

Glendale Hosts Health Leaders Forum to Address Community Care Gaps

At 9:30 AM on August 5, 2026, the Glendale Central Library Auditorium becomes the stage for the Comprehensive Community Health Centers’ annual Health Leaders Forum. Under the theme "Building Innovative Care Where it Matters Most," the event gathers regional policymakers and healthcare executives to reinforce the Los Angeles County safety net.

Teledyne LeCroy Updates Summit M616 for PCIe 7.0 Development

Engineering teams preparing for the leap to 128 GT/s data rates now have a path forward as Teledyne LeCroy unveils a modular upgrade for its Summit M616 platform. The analyzer and exerciser system, currently in the field, is officially PCIe 7.0 ready to support the next generation of high-performance computing.

New Research Challenges Myths About Electric Vehicle Fire Hazards

Firefighters can rely on familiar tools to manage electric vehicle blazes, according to a comprehensive study by UL Research Institutes. Data from 18 full-scale vehicle burns reveals that while lithium-ion batteries introduce specific toxic risks, standard water-based suppression remains the most effective method for controlling these incidents.

Tampa General Hospital Retains Top Regional Ranking for 11th Year

Tampa General Hospital has secured the top spot in the Tampa Bay region for the 11th consecutive year, according to the 2026-2027 U.S. News & World Report rankings. The academic health system also earned national recognition across nine medical specialties, solidifying its position as a leader in clinical care across Florida.

SIG SAUER and SCHEELS Launch Exclusive Apparel Collection

Firearms manufacturer SIG SAUER has partnered with sports retailer SCHEELS to release an exclusive line of branded clothing. The 18-piece collection, which features hoodies, t-shirts, and snapback hats, is now available across 24 retail locations and through the SCHEELS online store to reach the broader shooting community.

Zillow Investors Face August 10 Deadline in Securities Fraud Lawsuit

Investors holding Zillow Group common stock between February 11, 2025, and May 7, 2026, have until August 10 to seek lead plaintiff status in a pending class action. Law firm Berger Montague filed the suit, alleging the company misled shareholders regarding the antitrust risks of its partnership with Redfin.

J.F. Lehman & Company Sells Environmental Remediation Firm ENTACT

Private equity firm J.F. Lehman & Company has offloaded ENTACT, a national provider of environmental remediation and geotechnical construction services, to Ridgemont Equity Partners. The transaction marks the conclusion of a six-year ownership period during which the firm aggressively expanded its specialized service portfolio and national reach.

Seasonal Floor Care: Expert Tips for North Sioux City Homes

Maintaining residential flooring in North Sioux City requires more than routine vacuuming, as shifting seasonal humidity and tracked-in grit pose constant threats to hardwood, vinyl, and carpet. Joe Dubsky, branch manager at Thornton Flooring, outlines a year-round strategy to mitigate damage from extreme weather transitions.

Sinch integrates communication APIs into AI coding environments

Developers can now build and test Sinch applications directly within their coding environments through a new suite of tools. By integrating with AI assistants and editors like Visual Studio Code, the platform aims to eliminate the friction of switching between documentation, web portals, and live API testing interfaces.

Tel Aviv Stock Exchange Reports 81% Profit Surge Amid Trading Reforms

The Tel Aviv Stock Exchange (TASE) posted a sharp financial turnaround for the second quarter of 2026, reporting an 81% jump in quarterly profit to NIS 78.9 million. Driven by a 36% rise in revenue and increased market activity, the exchange has responded to this momentum by authorizing a share buyback program of up to NIS 150 million.