Business
Toray Industries, Inc. 2026 Q4 – Results – Earnings Call Presentation (OTCMKTS:TRYIY) 2026-05-19
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Business
one month to comply with new Data Complaints Law
Britain’s small and medium-sized businesses have been put on notice. From 19 June 2026, exactly one month from today, every organisation that handles personal data will, by law, be required to operate a formal complaints process. Those that fail to prepare risk regulatory action, reputational damage and the slow drip of customer trust eroding away.
The new obligations flow from section 103 of the Data (Use and Access) Act 2025, the most significant reshaping of the UK’s data protection landscape since the post-Brexit settlement. And in a clear signal that the Information Commissioner’s Office is anxious to avoid a repeat of the GDPR scramble of 2018, deputy commissioner Emily Keaney has used the four-week countdown to issue a direct appeal to the smaller end of the market.
“There is still plenty of time to act, and the ICO is here to support you,” Ms Keaney said. “We know that smaller organisations are less likely to have formal complaints processes in place, and that is exactly why we have designed this guidance with you in mind.”
What the new law actually requires
For SME owners and finance directors who have not yet digested the detail, the statutory obligations are mercifully short. Under the new regime, every organisation must give individuals a clear and accessible route to raise a data protection complaint, whether by email, online form, telephone or post. Receipt of a complaint must be acknowledged within 30 days. Businesses must then, “without undue delay”, take appropriate steps to investigate, keep the complainant informed of progress, and communicate the outcome.
Crucially, there are no carve-outs. The rules apply to the corner shop with a customer mailing list just as much as to the FTSE 250 financial services firm. Privacy notices will also need updating to make clear that customers have a right to complain directly to the organisation before escalating to the regulator.
Why this matters more than it might look
On paper, the changes appear modest, a tweak to administrative housekeeping rather than the seismic shock that GDPR delivered seven years ago. But seasoned compliance professionals warn that complacency would be a mistake.
For the first time, individuals will have a statutory right to complain directly to the organisation handling their data, and to expect a structured response within a defined timeframe. That changes the calculus on everything from subject access requests to the handling of data breaches. The ICO has indicated that sectors generating the highest volume of complaints, healthcare, financial services, technology and retail, should expect particular scrutiny.
There is also a commercial logic at work. Resolving a grievance quickly and fairly tends to prevent it from metastasising into something more serious, whether a formal regulatory referral or a customer departure. As any SME operator who has watched a one-star Trustpilot review go viral can attest, the cost of getting the response wrong can dwarf the cost of getting the process right. The wider context is one of rising data risk, with the ICO already pressing the technology sector to embed privacy by design into AI products, a sign of how high the regulatory bar is climbing.
The ICO’s olive branch
The regulator’s tone this time is markedly different from the rather schoolmasterly approach that characterised the early GDPR rollout. The guidance, published in February following a public consultation that drew more than 85 responses, is studded with practical examples and worked-through scenarios pitched squarely at smaller firms without dedicated compliance teams.
“A data protection complaint can come from any customer at any time,” Ms Keaney noted. “Having a clear process means you can respond quickly, resolve issues fairly and protect the trust your customers place in you. We are not here to catch businesses out, we are here to help you get ready.”
That conciliatory framing should not, however, be mistaken for indefinite patience. Once the 19 June commencement date passes, the ICO will have the power to take enforcement action against organisations that fail to operate a compliant process, and the line between supportive regulator and active enforcer can move quickly.
A four-week action list
For business owners still unsure where to begin, the practical steps are reasonably straightforward. Decide who inside the business will own the complaints process and ensure they have the authority to investigate and respond. Build a simple, visible route for customers to raise complaints — usually a dedicated email address or web form, signposted in the privacy notice. Document the workflow, including how the 30-day acknowledgement deadline will be met. Train any customer-facing staff on what to do if a complaint lands in their inbox.
Owners who already operate under data protection frameworks will recognise much of this from existing good practice. For a refresher on the broader compliance landscape, our complete guide to GDPR compliance in the UK sets out the foundations, while our explainer on the difference between data controllers and processors is worth bookmarking for any business that shares customer data with third parties.
The bottom line
For Britain’s 5.5 million SMEs, the message from regulators is clear: 19 June is not a target, it is a deadline. The four weeks ahead are not an invitation to delay, but a window to prepare. Done well, the new complaints process is a modest piece of administrative plumbing that can quietly strengthen customer relationships. Done badly, or not at all, it is a regulatory exposure that few small businesses can afford to carry.
The ICO has, unusually, all but rolled out a welcome mat. The smart move for SME owners is to walk through the door before someone else knocks.
Business
LaGuardia Airport unveils AI hologram that gives travelers directions
Check out what’s clicking on FoxBusiness.com.
New York City’s LaGuardia Airport is bringing science fiction to the terminal with the debut of an AI-powered hologram concierge designed to help travelers find gates, lounges and baggage claim through face-to-face conversations.
The digital assistant, nicknamed “Bridget,” was unveiled this week inside Terminal B, where the hologram chats with passengers in real time and helps them navigate the busy area.
Unlike prerecorded holograms used elsewhere for greetings or ads, Bridget responds to travelers’ questions conversationally, offering directions to gates, baggage claim, lounges and shops.
The hologram speaks English and Spanish, with more languages planned, and includes accessibility features such as closed captioning and wheelchair-friendly controls.
AIRPORT ROBOTS HANDLE BAGGAGE IN TOKYO TRIAL

The hologram chats with passengers in real time to help them find gates, lounges, shops and baggage claim in the busy terminal. (Laguardia Gateway Partners / Unknown)
Airport officials say the system is designed to support — not replace — human customer service staff, especially during crowded travel periods.

The AI digital assistant, nicknamed “Bridget,” was unveiled this week inside LaGuardia Airport’s Terminal B. (Laguardia Gateway Partners / Unknown)
“Most people think of airports as stressful and confusing environments, but LaGuardia’s Terminal B leads the world in changing all that,” said David Nussbaum, founder of Proto Hologram, which developed the hologram software.
Nussbaum said the technology will provide a more personalized experience “in ways that feel natural and intuitive,” adding “the future of travel has begun at LaGuardia.”

Proto Hologram developed the hologram. (Laguardia Gateway Partners / Unknown)
The hologram currently stands near Terminal B’s food hall, with additional units expected to roll out across the terminal’s concourses.
CLICK HERE TO DOWNLOAD THE FOX NEWS APP
LaGuardia’s Terminal B has become known for testing new travel technology as airports increasingly look for ways to speed up navigation and reduce passenger frustration.
Business
Avidbank Holdings, Inc. (AVBH) Shareholder/Analyst Call Prepared Remarks Transcript
Operator
Good morning. My name is Tiffany, and I will be your conference operator today. At this time, I would like to welcome everyone to the Avidbank Holdings, Inc. First Quarter 2026 Earnings Conference Call.
Bryan C. Polster
Good morning, everyone, and thank you for being here, and welcome to our 2026 Annual Shareholders Meeting of Avidbank Holdings. And my name is Bryan Polster, I serve as the lead independent Director of the Board of Directors of the Bank.
Also on behalf of the Board of Directors of our company, I’m very pleased that you could be with us today here, in-person, for our meeting. I want to thank you all for all of your active participation, active interest and support of the bank is very meaningful to the organization in total. Thank you for that.
I also want to give a special welcome to any of the people attending virtually. I’d remind everyone that while in attendance virtually from — or the formality of shareholder votes that you will not be able to change any of the votes that have been previously submitted, but for — and normally be considered part of the quorum for legal or quorum purposes. Shareholders participating via the audio conference call will not be able to vote or change any previously submitted votes, and no questions may be submitted through the audio conference call.
It’s my pleasure this morning to introduce the officers of the company and the bank who are present with us today. First of all, I’d like to introduce Mark Mordell, our Chief Executive Officer and Chairman of the Board; Pat Oakes, our Chief Financial Officer; Ms. Gina Thoma-Peterson, our Chief Operating
Business
Why car wash real estate is cleaning up
Key Points
- The 100% bonus depreciation passed by the Trump administration is delivering a boost to car wash real estate.
- The car wash business has evolved markedly over the last decade as private equity investors flock to the recurring revenue.
- Typically, private equity buys the car wash business and then sells the property to an individual investor.
Business
Home Depot (HD) Q1 2026 earnings

Home Depot said Tuesday its core homeowner shopper remains resilient in the face of higher gas prices and plummeting consumer confidence, leading the retailer to reaffirm its full-year guidance after beating fiscal first-quarter expectations.
“The homeowner in a relative sense is perhaps more protected financially than other customer cohorts and so we continue to see engagement,” finance chief Richard McPhail told CNBC in an interview.
Still, amid rising geopolitical tensions, plummeting consumer confidence and a broken housing market, those shoppers are engaged “up to a certain point,” said McPhail.
“They continue to tell us that they are going to defer their spend on larger projects,” he said. “That’s consistent with what they’ve told us the last few years.”
Here’s how Home Depot did compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:
- Earnings per share: $3.43 adjusted vs $3.41 expected
- Revenue: $41.77 billion vs. $41.52 billion expected
The company’s reported net income for the three-month period that ended May 3 was $3.29 billion, or $3.30 per share, compared with $3.43 billion, or $3.45 per share, a year earlier. Excluding one-time items including costs related to the value of certain intangible assets, Home Depot reported adjusted earnings per share of $3.43.
Sales rose to $41.77 billion, up almost 5% from $39.86 billion a year earlier.
The company said it continues to expect fiscal 2026 sales to grow between 2.5% and 4.5%, compared with expectations of roughly 4%, according to LSEG. It’s projecting adjusted earnings per share to grow as much as 4%, compared with expectations of 2.4% growth, according to LSEG.
While Home Depot’s report beat on the top and bottom lines, that came after Wall Street estimates have fallen in recent months, lowering the bar.

The report suggests that pressures impacting the company continued into the quarter. Though sales were up in the midst of an M&A boom for the company, comparable sales came in lighter than expected at 0.6%. That was behind StreetAccount expectations of 0.8% and marked the third quarter in a row that figure failed to rise or fall more than 0.5%.
Comparable transactions fell 1.3% — the fourth straight quarter of declines — as gross margin also came in lighter than anticipated at 33%, lower than expectations of 33.2%, according to StreetAccount.
Home Depot and the home improvement sector overall have been under pressure as it has contended with lower housing turnover, economic uncertainty and an ongoing delay in pricier projects.
Earlier this year, there was optimism that Home Depot could see a reprieve as mortgage rates started to dip, but those hopes were dashed after the conflict in the Middle East began, leading mortgage rates to spike once again.
In the meantime, Home Depot has been focused on winning over more pro shoppers, like contractors and roofers, which currently make up about 50% of its revenue. In 2024, the retailer acquired SRS Distribution, a company that sells supplies to roofing, landscaping and pool professionals, for $18.25 billion, and last year, it bought GMS, a specialty building products distributor.
Last week, SRS completed its acquisition of Mingledorff’s, a wholesale distributor of HVAC equipment, parts and supplies that serves residential and commercial customers. The deal allows Home Depot to tap into a total addressable market worth around $100 billion, it said.
“All of the things we’re doing to build out our pro capabilities — and through the acquisitions we’ve made over the past several years — is to help us gain more share in the $700 billion pro market,” said McPhail. “We have a right to win that $700 billion, but we just don’t quite have the ability to win yet.”
Business
Mortgage rates surge to highest level since July

Growing concern over the trajectory of the war with Iran has bond yields rising and mortgage rates following suit.
The average rate on the 30-year fixed loan rose 7 basis points Tuesday to 6.75%, according to Mortgage News Daily. That is the highest level since July 31. Rates are now up 33 basis points in just the last 10 days and are 46 basis points higher than their recent April low of 6.29%.
That April drop came after a sharp spike in rates at the start of the war, when the rate jumped from 5.99% at the start of March to 6.64% by the end of the month.
“Bonds are telling politicians to get serious about ending the war or face increasingly dire consequences,” wrote Matthew Graham, chief operating officer at Mortgage News Daily.
The move from 5.99% to now 6.75% is a meaningful change in the housing affordability math. For a buyer putting 20% down on a $420,000 home — roughly the national median home price — their monthly principal and interest payment has gone from $2,012 to $2,179, a difference of $167.
The nation’s homebuilders are slightly less sensitive to rate moves, as the builders have been buying down mortgage rates to get buyers in the door. Rates are still lower than they were a year ago, when they spiked over 7%.
“Rates are a challenge,” said John Lovallo, a UBS homebuilder analyst, in an interview Tuesday on CNBC’s “Squawk on the Street.” “But we’re still at levels where the builders can operate at effectively. As quickly as rates went up, they could come down just as precipitously if this war comes to some kind of resolution and oil pulls back.”
Lovallo said he sees this as a buying opportunity for the builder stocks and noted that the homebuilders are still seeing average order growth through the spring season.
“Demand for housing is still robust,” he added.
Sales of pending homes rose in April both month over month and compared with a year ago, according to a report Tuesday from the National Association of Realtors.
“Buyers are coming out with cautious optimism despite increasing economic uncertainty and a slight rise in mortgage rates,” said Lawrence Yun, chief economist for the Realtors, in a release. “Demand will easily be even higher once mortgage rates retreat to the levels they were at earlier this year.”
Business
Pitching the importance of design
Perth architecture firm TRCB has recently promoted a former professional cricketer as part of its growth plan.
Business
NS&I to begin contacting victims of lost funds scandal
Over 30,000 estates could not be accessed due to an error identifying all of a late customer’s NS&I products.
Business
Red Lobster’s Historic Tallahassee Location to Close After 56 Years of Service
TALLAHASSEE, Fla. — After more than half a century of serving seafood dinners, endless shrimp specials and cheese biscuits to generations of locals and visitors, the longtime Red Lobster restaurant on North Monroe Street in Tallahassee will permanently close its doors on May 24.
The closure, announced by the chain this week, ends 56 years of continuous operation at the site and marks another chapter in the restaurant industry’s ongoing challenges following the COVID-19 pandemic. Company officials cited rising operational costs, shifting consumer habits and underperformance at the specific location as key factors in the decision.
The Tallahassee Red Lobster first opened in 1970, just a few years after the brand’s founding in 1968. For decades, it served as a reliable gathering spot for family celebrations, business lunches and casual Friday night dinners. Many Tallahassee residents have fond memories of milestone events — first dates, retirement parties and high school graduations — that took place within its nautical-themed dining room.
Longtime manager Maria Rodriguez, who has worked at the location for 18 years, expressed mixed emotions about the closure. “This place has been part of the community for so long,” she said. “We’ve watched kids grow up, served multiple generations of the same families, and created memories for thousands of people. It’s bittersweet, but we’re grateful for every customer who walked through our doors.”
Red Lobster, once a dominant player in the casual dining seafood segment, has faced significant headwinds in recent years. The chain filed for bankruptcy protection in 2024 amid mounting debt and declining same-store sales. While it emerged from bankruptcy later that year under new ownership, the company has continued streamlining operations by closing underperforming locations across the country.
The Tallahassee restaurant is among several Florida locations scheduled to shut down this year as part of a broader restructuring effort. Industry analysts say the closures reflect changing dining preferences, with consumers increasingly favoring fast-casual options, delivery services and home cooking amid persistent inflation on dining-out expenses.
Despite the challenges, Red Lobster still operates hundreds of locations nationwide and maintains a loyal customer base. The brand’s famous Cheddar Bay Biscuits and Endless Shrimp promotion continue to draw crowds at surviving restaurants. Company executives have emphasized that the closures are strategic and do not signal the end of the Red Lobster name.
“While we make the difficult decision to close certain locations, we remain committed to delivering great seafood experiences where demand is strongest,” a Red Lobster spokesperson said in a prepared statement. “We appreciate the decades of support from our Tallahassee guests and hope they will continue to visit our other nearby restaurants.”
The news has elicited sadness from regular customers. Local resident James Thompson, who has dined at the Monroe Street location for more than 30 years, said the closure feels like losing a piece of Tallahassee history. “It was never fancy, but it was consistent and welcoming,” he said. “On Sunday afternoons after church, you could always count on seeing familiar faces there. It’s going to leave a void.”
The closure will affect approximately 45 employees at the Tallahassee site. Red Lobster has stated it will work to place displaced workers at nearby locations or offer severance packages where possible. Union representatives have been in discussions with management to ensure fair treatment during the transition.
Real estate experts predict the prime commercial property could attract interest from other restaurant chains or retail developers. The location’s visibility along a major thoroughfare and established parking infrastructure make it attractive despite the current restaurant market challenges.
Tallahassee’s dining scene has evolved significantly since the Red Lobster first opened. The city now boasts a more diverse culinary landscape with everything from farm-to-table concepts to international cuisines. While some residents lament the loss of a reliable chain option, others see the closure as an opportunity for new businesses to fill the space.
The broader Red Lobster chain has undergone multiple ownership changes in recent years. Golden Gate Capital acquired the brand from Darden Restaurants in 2014, and subsequent private equity transactions have shaped its current direction. The company has focused on modernizing its menu, improving digital ordering and enhancing loyalty programs to adapt to post-pandemic consumer behavior.
Despite the closures, Red Lobster maintains a significant national presence. The chain continues investing in marketing campaigns highlighting its seafood quality and value offerings. Industry observers note that while certain legacy locations struggle, well-positioned stores in high-traffic areas continue performing adequately.
For many longtime Tallahassee residents, the impending closure represents more than just the loss of a restaurant — it symbolizes the gradual disappearance of familiar local landmarks. The Monroe Street Red Lobster survived hurricanes, economic recessions and the COVID-19 pandemic only to succumb to broader industry pressures.
As the final days approach, the restaurant is expected to see a surge in nostalgic customers seeking one last meal. Management has encouraged the community to visit before the May 24 closing date. Special promotions and farewell events may be planned, though details have not yet been finalized.
The closure also raises questions about the future of casual dining chains in mid-sized markets. As consumers shift toward experiences, delivery and healthier options, traditional sit-down restaurants face increasing pressure to adapt or consolidate.
Red Lobster’s Tallahassee chapter may be ending, but the brand’s story continues elsewhere. The company has expressed commitment to evolving with customer preferences while preserving its core identity as an accessible seafood destination.
For now, Tallahassee residents are reflecting on 56 years of memories — from childhood birthday dinners to late-night study sessions fueled by popcorn shrimp. As the lights dim on May 24, a piece of local dining history will fade, leaving behind both nostalgia and an empty building awaiting its next chapter.
The restaurant industry’s challenges remain significant, but stories like this one remind us of the human element behind every closure: the employees, the regular customers and the shared experiences that made places like this Tallahassee Red Lobster more than just another chain.
Business
Stocks to Watch: ServiceNow, CoreWeave, Nebius
Stocks to Watch: ServiceNow, CoreWeave, Nebius
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