ORLANDO, Fla., May 12, 2026 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the “Company” or “Gencor”) (NYSE American: GENC) hereby withdraws and retracts its press release dated May 8, 2026, titled “Gencor Industries, Inc. Releases Second Quarter Fiscal 2026 Results” (the “Prior Release”). The Prior Release was issued before the Company had completed its review of the Company’s financial statements ...
ORLANDO, Fla., May 12, 2026 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the “Company” or “Gencor”) (NYSE American: GENC) hereby withdraws and retracts its press release dated May 8, 2026, titled “Gencor Industries, Inc. Releases Second Quarter Fiscal 2026 Results” (the “Prior Release”). The Prior Release was issued before the Company had completed its review of the Company’s financial statements for the quarter ended March 31, 2026 and should be disregarded in its entirety. Investors and other recipients should not rely on any information contained in the Prior Release, including the preliminary results of operations for the quarter ended March 31, 2026 reported therein.
CALGARY, Alberta, May 12, 2026 (GLOBE NEWSWIRE) -- Total Energy Services Inc. (“Total Energy” or the “Company”) (TSX:TOT) announces its consolidated financial results for the three months ended March 31, 2026.
CALGARY, Alberta, May 12, 2026 (GLOBE NEWSWIRE) -- Total Energy Services Inc. (“Total Energy” or the “Company”) (TSX:TOT) announces its consolidated financial results for the three months ended March 31, 2026.
Japanese trading house Sojitz Corp. is looking to Southeast Asia and other regions as new potential sources of rare earths outside Australia, as it aims to boost output and diversify its supply chain of the highly sought-after materials. “Areas connected to southern China such as Laos, Cambodia and Vietnam will be potential regions that the company will look into,” Chief Financial Officer Makoto S...
Japanese trading house Sojitz Corp. is looking to Southeast Asia and other regions as new potential sources of rare earths outside Australia, as it aims to boost output and diversify its supply chain of the highly sought-after materials. “Areas connected to southern China such as Laos, Cambodia and Vietnam will be potential regions that the company will look into,” Chief Financial Officer Makoto Shibuya told Bloomberg News this week. The company will also consider India and other countries if suitable rare earths investment opportunities exist there, he added. Rare earths are among the critical minerals used across high-tech manufacturing, including to build the powerful magnets used in electric vehicles, mobile phones and missile systems. China dominates the global supply chain for the materials, which has given it crucial leverage in trade and diplomatic negotiations, and countries including Japan are working to reduce their reliance on the Asian giant. Sojitz, alongside Tokyo-backed energy agency Jogmec, has been in a joint venture with Australia-based Lynas Rare Earths Ltd. for more than a decade. They agreed in mid-March to start talks on mineral exploration and development of rare earth resources, including possible new mines “both in and outside Australia.” Sojitz has said its primary objective is to seek other sources besides Lynas’ major mining site at Mt. Weld in Western Australia. Lynas-Japan Deal Leaves Less Rare Earths for Others: Jefferies US Coal Miner in Talks With Japanese Firms on Rare Earths Supply As for its energy portfolio, Sojitz has no appetite either for a stake in the Alaska LNG project or to offtake volumes from the planned American venture as it’s simply too costly, Shibuya said. The proposed Alaska plant is backed by US President Donald Trump and often dismissed as fanciful by many in the industry. Energy accounts for only around 10% of Sojitz’s total investments over the past decade and management has already been trimming that part of ...
Economic activity in China’s most important manufacturing hub is heaping pressure on power supplies, sparking an energy stress test as the Iran war chokes shipments of fuel. A surge in power demand in a province with a population comparable to Japan and an economy the size of South Korea is colliding with rising costs for imported fuels. Average spot electricity prices have nearly doubled since th...
Economic activity in China’s most important manufacturing hub is heaping pressure on power supplies, sparking an energy stress test as the Iran war chokes shipments of fuel. A surge in power demand in a province with a population comparable to Japan and an economy the size of South Korea is colliding with rising costs for imported fuels. Average spot electricity prices have nearly doubled since the war began. The government has ordered utilities to increase coal stockpiles to counter shortages of natural gas from the Middle East, potentially foreshadowing a bigger shift in energy usage. Although it would probably take a series of calamitous events to create a power crisis in the province, the reaction shows that China — for all of its success in muting the impact of the war — isn’t immune to the stresses caused by the near-halt to shipments from the Strait of Hormuz. And as the country’s biggest user of gas, Guangdong’s struggles pose a question for the fuel’s long-term future in the national energy mix. China is the world’s largest importer of crude oil and gas, but has been able to largely shield its businesses and residents from the shortages that have rocked other nations. That success is the culmination of years of preparation: building up oil stockpiles, diversifying foreign suppliers and shifting to electricity powered by domestic coal, nuclear and renewable sources. Guangdong is different. Far from the coal-rich regions of China’s interior, it relies heavily on imported fuel and hydroelectricity transmitted from neighboring provinces on long-distance power lines. The province has also invested heavily in nuclear plants, offshore wind farms and rooftop solar. China’s Industrial Hub Risks Power Turmoil as War Hurts Brokers China’s Factory Hub Faces Gas Price Shock as War Tightens Supply China’s Industrial Hub Eyes Coal, Nuclear As Iran War Upends Gas China Southern Power Grid Plans Record $26 Billion Spend in 2026 China Flashes New Tech Swagger to World Market...
Unearthed DOJ Files Implicate Hunter Biden In Potential Sex Trafficking Violations Authored by Luis Cornelio via HeadlineUSA , Newly released internal DOJ files appear to implicate President Joe Biden’s disgraced son, Hunter Biden, in alleged prostitution-related activity , corroborating accusations raised years earlier by Senate Republicans. Hunter Biden / PHOTO: AP The files, obtained Monday by ...
Unearthed DOJ Files Implicate Hunter Biden In Potential Sex Trafficking Violations Authored by Luis Cornelio via HeadlineUSA , Newly released internal DOJ files appear to implicate President Joe Biden’s disgraced son, Hunter Biden, in alleged prostitution-related activity , corroborating accusations raised years earlier by Senate Republicans. Hunter Biden / PHOTO: AP The files, obtained Monday by the Senate Judiciary Committee and the Senate Permanent Subcommittee on Investigations, showed Hunter exchanging text messages with several women discussing payments, travel arrangements and extended meetings. Some of the exchanges appeared to raise potential issues under the Mann Act. This federal law prohibits interstate prostitution and other sex trafficking-related offenses, according to Senate Judiciary Chairman Chuck Grassley, R-Iowa. Notably, Grassley was among the Senate Republicans who previously warned in a September 2020 report that Hunter may have paid Eastern European women for prostitution or interacted with individuals potentially tied to a human trafficking ring. The messages reviewed by Headline USA also referenced payment methods including Zelle, Venmo, Cash App and wire transfers. In November 2018, Hunter appeared to have booked a flight for an unidentified woman from Los Angeles to an undisclosed location. On March 22, 2019, a presumed woman told Hunter that a ticket cost $560. Hunter replied: “I’m going to send you money and you buy ok.” Another message later stated: “Sent you 750 by cash app,” while a separate exchange read: “And I will have another 3K for you in cashmere [sic].” Additional messages appeared to discuss payments tied to extended periods. In one exchange, Hunter appeared to ask how much an individual would charge for “an extra eight hours,” prompting the recipient to reply: “5000.” Hunter also appeared to reference discounts for “anything over 4,” seemingly referring to hours. In another exchange, after Hunter offered $9,000, the recipie...
Murphy USA ( MUSA ) on Tuesday said its subsidiary, Murphy Oil USA, priced a private offering of $500M of 5.875% senior notes due 2034 at par. The offering is expected to close May 27. Murphy USA said proceeds will be used to redeem $300M of existing 5.625% senior notes due 2027, repay borrowings under its revolving credit facility, and for general corporate purposes. More on Murphy USA Murphy USA...
Murphy USA ( MUSA ) on Tuesday said its subsidiary, Murphy Oil USA, priced a private offering of $500M of 5.875% senior notes due 2034 at par. The offering is expected to close May 27. Murphy USA said proceeds will be used to redeem $300M of existing 5.625% senior notes due 2027, repay borrowings under its revolving credit facility, and for general corporate purposes. More on Murphy USA Murphy USA Inc. (MUSA) Q1 2026 Earnings Call Transcript Murphy USA Inc. (MUSA) Q1 2026 Earnings Call Prepared Remarks Transcript Murphy USA: Iran War Benefits Reflected In The Rally (Downgrade) Murphy USA subsidiary launches $500M private offering of senior notes due 2034 Murphy USA signals 45 to 55 new sites in 2026 while keeping guidance unchanged amid fuel volatility
Meta Platforms ( META ) is temporarily giving rival AI chatbots free access to WhatsApp during talks with EU antitrust regulators, attempting to preempt interim measures that may have compelled the company to open the platform to competitors. The European Commission is currently conducting an investigation into the tech company to determine if Meta ( META ) violated the Digital Services Act by lim...
Meta Platforms ( META ) is temporarily giving rival AI chatbots free access to WhatsApp during talks with EU antitrust regulators, attempting to preempt interim measures that may have compelled the company to open the platform to competitors. The European Commission is currently conducting an investigation into the tech company to determine if Meta ( META ) violated the Digital Services Act by limiting third-party AI chatbots access to WhatsApp. The investigation was focused on a 2025 policy update that created a closed ecosystem for AI on the app, making it difficult for rivals like OpenAI ( OPENAI ) and Anthropic ( ANTHRO ) to offer competing services. Meta ( META ) subsequently opened the site to competitors for a fee between 5 cents and 13 cents per message, triggering a second charge sheet from the Commission for "vexatious" pricing. "As part of ongoing discussions with the European Commission, general-purpose AI chatbots operating in the [European Economic Area] will be given free access to the WhatsApp business API for one month. This will provide the Commission and Meta with time to achieve a quick and fair outcome to the investigation," a Meta spokesperson said in a statement to Reuters. More on Meta Meta: Reiterating Strong Buy After The Post-Earnings Drawdown Wall Street Lunch: Does AT&T's History Help Ease AI Capex Fears? Why Meta's Pullback Looks Bullish Meta Platforms sued by Santa Clara County over scam ads - update Meta loses tussle in EU's top court over compensation to Italian publishers
Shutthiphong Chandaeng Gladstone Investment ( GAIN ) stock gained 0.8% in Tuesday after-hours trading as the company's net asset value per share beat the average analyst estimate, helped by unrealized appreciation of investments. Fiscal Q4 adjusted net investment income of $0.20 per share, missing the average analyst estimate of $0.21, dipped from $0.21 in Q3. Total investment income of $25.2M for...
Shutthiphong Chandaeng Gladstone Investment ( GAIN ) stock gained 0.8% in Tuesday after-hours trading as the company's net asset value per share beat the average analyst estimate, helped by unrealized appreciation of investments. Fiscal Q4 adjusted net investment income of $0.20 per share, missing the average analyst estimate of $0.21, dipped from $0.21 in Q3. Total investment income of $25.2M for the quarter ended March 31, 2026, missing the $25.8M consensus, edged up from $25.1M in the prior quarter. Net asset value of $16.78 per share at March 31, 2026, topping the consensus estimate of $14.92, climbed from $14.95 at Dec. 31, 2025. The increase was primarily due to $92.5M, or $2.32 per common share, of net unrealized appreciation of investments, partly offset by $10.6M, or $0.27 per share, of net investment loss and $9.6M, or $0.24 per share, of distributions paid to common stockholders. Net expenses of $35.8M increased from $31.6M in Q3 2026. During the quarter, Gladstone Investment ( GAIN ) issued 7.125% notes due 2031 with an aggregate principal amount of $100.0M. Conference call on May 13 at 8:30 AM ET. More on Gladstone Investment Gladstone Investment: Monthly Pay With Strong Results Gladstone Investment: Premium BDC With Undervalued 8%+ Baby Bonds GAING: A 7.125% Notes IPO From Gladstone Investment Corporation Gladstone Investment adjusted NII per share of $0.20
OpenAI ( OPENAI ) CEO Sam Altman said employees received a "morale boost" after Tesla ( TSLA ) CEO Elon Musk left his position on the startup's board of directors in 2018. Altman made the comments while testifying Tuesday in a federal courtroom located in Oakland, Calif. "I don't think Mr. Musk understood how to run a good research lab," Altman added, according to NBC reporter Damian Trujillo . Th...
OpenAI ( OPENAI ) CEO Sam Altman said employees received a "morale boost" after Tesla ( TSLA ) CEO Elon Musk left his position on the startup's board of directors in 2018. Altman made the comments while testifying Tuesday in a federal courtroom located in Oakland, Calif. "I don't think Mr. Musk understood how to run a good research lab," Altman added, according to NBC reporter Damian Trujillo . The trial, which is now in its third week, pits Musk versus OpenAI and its leaders, Sam Altman and Greg Brockman, and Microsoft ( MSFT ). Musk contends he was defrauded when he provided $38M in startup funding, as he believed the startup would remain a nonprofit entity. Musk is suing for $135B, but he asserts he wants any winnings to go to OpenAI's nonprofit entity to help the organization go back to its original mission. Altman said that Musk, who served on the board of OpenAI for about two years, created conflict because he could recruit talent from the startup to help fuel his AI ambitions at Tesla and later at his own startup xAI, which recently merged with SpaceX ( SPACE ). "A lot of negative tactics from Mr. Musk," Altman said. "This happened after Musk started xAI and attempted to siphon off OpenAI staff and researchers." He also said Musk was well aware of OpenAI's plan to transition to a for-profit company and was offered a chance to invest in it. However, Musk said no because he would rather not invest in a startup he couldn't control. Last week, former OpenAI board member Shivon Zilis testified that Musk offered Altman a seat on Tesla's board of directors as part of his efforts to encourage a merger between OpenAI and Tesla. Musk's attorney attempted to portray Altman as untrustworthy and deceptive, citing multiple allegations from people under oath. This included testimony in the trial of former OpenAI CTO Mira Murati through a video deposition and OpenAI co-founder Ilya Sutskever. "I believe I am an honest and trustworthy person," Altman rebutted. More on OpenAI,...
The Nasdaq fell as AI and chip stocks retreated, but they came off lows. Investors need sell rules for big AI winners such as Sandisk, Micron and Intel.
The Nasdaq fell as AI and chip stocks retreated, but they came off lows. Investors need sell rules for big AI winners such as Sandisk, Micron and Intel.
HOUSTON, May 12, 2026 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE American: EPM) ("Evolution" or the "Company") today announced its financial and operating results for its fiscal third quarter ended March 31, 2026. Evolution also declared its 16 th consecutive $0.12 cash dividend per common share, payable on June 30, 2026, marking its 51 st consecutive quarterly cash dividend payment...
HOUSTON, May 12, 2026 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE American: EPM) ("Evolution" or the "Company") today announced its financial and operating results for its fiscal third quarter ended March 31, 2026. Evolution also declared its 16 th consecutive $0.12 cash dividend per common share, payable on June 30, 2026, marking its 51 st consecutive quarterly cash dividend payment.