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AYTU

Aytu BioPharma has announced the sale of its consumer health business. The terms of the sale were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:24 pm

EBS

Emergent BioSolutions Inc. (NYSE:EBS) has announced the opening of a new NARCANDirect™ distribution center in Nevada to enhance the nationwide distribution of NARCAN® Nasal Spray. This move aims to meet the growing demand for naloxone and ensure faster delivery to various public interest customers.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:16 pm

FSTR

L.B. Foster has revised its FY24 net sales forecast to a range of $525M to $550M, down from the previous range of $525M to $560M. Adjusted EBITDA is now expected to be between $34M and $37M, with free cash flow expected to be breakeven. The revised guidance reflects the impact of a restructuring program.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:10 pm

ORCL

Oracle has opened its second public cloud region in Riyadh, Saudi Arabia, as part of a $1.5 billion investment to enhance the country's cloud capacity in line with Saudi Vision 2030. This expansion aims to support AI innovation and business resilience for Saudi organizations.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:09 pm

FSTR

L.B. Foster is continuing its enterprise restructuring program to reduce costs and invest in growth platforms. The restructuring, expected to be completed in the second half of 2024, will impact approximately 40 salaried employees and is projected to save $4.5 million annually.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:07 pm

ACN

SPGI

S&P Global and Accenture have formed a strategic collaboration to enhance generative AI development and benchmarking solutions for the financial services industry. This includes a comprehensive AI learning program for S&P Global's 35,000 employees.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:01 pm

ADSK

Autodesk shares are trading higher following a presentation by Starboard urging improvements at the company.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 11:58 am

ALIT

Alight CEO Stephan Scholl will step down after a successor is named, with Dave Guilmette appointed as Vice Chair. The Board is actively searching for a new CEO following the sale of Payroll & Professional Services.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 11:53 am

HUT

Hut 8 Corp has announced that Sean Glennan will be the new CFO, effective August 21, 2024. The current CFO, Shenif Visram, is stepping down for personal, family-related reasons but will remain with the company until Glennan takes over to ensure a smooth transition.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 10:42 am

EPC

Edgewell Personal Care has announced significant changes to its leadership team, appointing Dan Sullivan as COO and Francesca Weissman as CFO. The company is also streamlining its international markets to enhance operational efficiency and drive growth.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 10:29 am