In recent weeks, Applied Industrial Technologies director Peter C. Wallace sold 5,000 shares, while the company reported past Q2 results showing solid sales growth, strong orders, and healthy cash generation despite margin pressure from higher-than-expected LIFO expense and uneven demand. Following investor meetings, some firms highlighted confidence in Applied Industrial Technologies' ability to benefit from...

In recent weeks, Applied Industrial Technologies director Peter C. Wallace sold 5,000 shares, while the company reported past Q2 results showing solid sales growth, strong orders, and healthy cash generation despite margin pressure from higher-than-expected LIFO expense and uneven demand. Following investor meetings, some firms highlighted confidence in Applied Industrial Technologies' ability to benefit from...

A Washington federal judge Wednesday ordered attorneys representing Amazon customers in a proposed class action alleging deceptive supplement labeling to explain whether and how generative artificial intelligence was used in a filing with errors they've since apologized for, and what "verification mechanisms" they had for the nascent technology's use.