CDISC, the global nonprofit organization that creates and advances data standards for clinical research, has announced that Chris Decker will be its new President and CEO, effective January 2, 2024. He will succeed Dave Evans, who is retiring after leading CDISC for several years. Decker is a well-known technology and standards expert, with years of…
Edgio Inc names Todd Hinders as new CEO
Edgio Inc. (NASDAQ: EGIO), a leading edge computing platform, announced today that it has appointed Todd Hinders as its new CEO and board member, effective immediately. Hinders replaces Bob Lyons, who has stepped down from his roles as President, CEO, and board member. Hinders has been with Edgio since May 2023 as the Chief Revenue…
UK households to face higher energy bills as Ofgem raises price cap
The start of the new year brings bad news for UK households, as they will have to pay more for their energy bills due to Ofgem’s latest price cap. The cap, which limits how much suppliers can charge customers for gas and electricity, has risen to £1,928 from £1,834 in October. This is the first…
Costco’s sales soar as Aussies flock to value brand
Costco, the US-based warehouse retailer, has become one of Australia’s largest retailers, with $4.4 billion in sales in 2023, a 20 per cent increase from the previous year. The retailer, which operates 15 stores in Australia and New Zealand, has outperformed the local supermarket giants Coles and Woolworths, which only achieved sales growth of around…
Lars-Christian Svensen appointed CEO of Golden Ocean Management AS
OSLO, NORWAY: The Board of Golden Ocean Group Limited announced the appointment of Mr. Lars-Christian Svensen as the Chief Executive Officer (CEO) of Golden Ocean Management AS with effect from January 1, 2024. Mr. Svensen currently serves as the Interim Chief Executive Officer of Golden Ocean Management AS. Prior to that, he held the role…
Petroleum sales slump in Pakistan amid high prices and low demand
ISLAMABAD: The sales of petroleum products in Pakistan witnessed a sharp decline of 7% year-on-year (YoY) in December 2023, reaching 1.24 million tons, according to the latest data released by the Oil Companies Advisory Committee (OCAC). The main reasons for the drop in sales were the surge in price of petroleum products, the economic slowdown,…
Diversified Energy sells producing assets in Appalachia for $200 million
LONDON, UK: Diversified Energy Company PLC (DEC) has announced the completion of an innovative deal that has enabled it to extract more value from its existing assets and improve its financial position. The deal involved selling 80% of its producing assets in Appalachia to a special purpose vehicle (SPV) for $200 million, while retaining a…
Hydrogen Utopia acquires 49% stake in Ohrid Organics
LONDON, UK: Hydrogen Utopia International PLC (HUI), a company that converts non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels, has announced that it has acquired 49% of Ohrid Organics Ltd, a medical cannabis producer in North Macedonia. The deal, which is expected to be completed in the first quarter of 2024, will provide…
Jade Road Investments to transfer legacy assets to new entity, Eastern Champion Ltd
LONDON, UK: Jade Road Investments Limited (AIM: JADE), an investment company focused on Asia, has announced a plan to transfer its legacy Asian assets to a new entity, Eastern Champion Ltd (SPV). The legacy assets include investments in mining, energy, healthcare, and real estate sectors. The transfer will be done through a conditional agreement, which…
Galapagos NV signs agreement to transfer Jyseleca business to Alfasigma
MECHELEN, BELGIUM: Galapagos NV and Alfasigma S.p.A. today announced that they have signed an agreement to transfer Galapagos’ Jyseleca® (filgotinib) business to Alfasigma, marking a significant milestone in Galapagos’ transformation into an innovative biotechnology company with a best-in-class research and development pipeline aimed at addressing high unmet patient needs in immunology and oncology. The agreement…
Danone signs deal to sell Horizon Organic and Wallaby businesses in the U.S.
PARIS, FRANCE: Danone has signed an agreement to sell its premium organic dairy activity in the U.S. to Platinum Equity, a US-based investment firm. The sale is part of Danone’s portfolio review and asset rotation program the company announced in March 2022, as part of its Renew Danone strategy. In 2022, the US premium organic…
OpenLearning acquires online higher education marketplaces from Prosple
SYDNEY, AUSTRALIA: OpenLearning Limited (ASX: OLL), the AI powered SaaS platform for lifelong learning, has signed a binding business and asset sale agreement to acquire three leading Australian higher education marketplaces, expanding the student acquisition capabilities it offers to customers. Annually, the marketplaces attract over 800,000 users and list over 15,000 courses and degrees from…