Discovery Inc. reported fourth-quarter FY21 revenue growth of 10 percent year-on-year to $3.19 billion, beating the consensus of $3.12 billion. It ended Q4 with 22 million Direct-to-Consumer Subscribers and generated nearly $450 million of Next Generation Revenues. Total U.S. Networks revenues increased 14 percent Y/Y to $2.03 billion. Total International Networks revenues increased 5 percent Y/Y to…
Discovery Stock Falls Post Q4 Results, Clocks 10 Percent Revenue Growth
Indonesia Hit by 6.2 Magnitude Earthquake
Indonesia’s Sumatra Island has been hit by a 6.2 magnitude earthquake killing at least two people and causing tremors across Singapore and Malaysia. The quake struck inland on Feb. 25, near the west coast of the island, however, there was no report of major damage or possible tsunamis, according to BMKG, the country’s geophysics agency….
Moderna Makes Case for 4th COVID-19 Vaccine Booster This Year, Shares Jump
Moderna Inc. executives said on Thursday they believe a fourth COVID-19 vaccine shot will be needed late this year due to waning protection from earlier doses, which could push up sales in the second half of 2022. Chief Executive Stephane Bancel stressed that the company’s current sales projections for its Spikevax COVID-19 shot—$19 billion in…
Iron Mountain Clocks 9 Percent Revenue Growth in Q4 Aided by Expanded Offerings, Resilient Storage Businesses
Iron Mountain Inc. reported fourth-quarter FY21 revenue growth of 9 percent year-on-year to $1.16 billion, beating the consensus of $1.15 billion. Storage Rental Revenue grew 4 percent Y/Y to $725 million. Service Revenue rose 20 percent Y/Y to $434 million. The adjusted EBITDA margin expanded 180 bps to 37.1 percent. Adjusted EPS of $0.43 beat the…
Japan to Accept J&J COVID-19 Vaccine for Border Entry Next Month
TOKYO—Japan said on Thursday international travelers showing proof of a COVID-19 vaccination with the Johnson & Johnson shot would be allowed in and be eligible for a shorter time in quarantine when border controls are eased next month. The J&J shot, which has not been approved in Japan, will join a list of three other…
Ford Recalls Heavy-Duty Pickups; Drive Shafts Can Fracture
DETROIT—Ford is recalling nearly a quarter-million heavy duty pickup trucks in the United States because the drive shafts can fracture and cause a loss of power. The recall covers certain F-250 and F-350 Super Duty pickups from the 2017 through 2022 model years. The trucks have gasoline engines and aluminum drive shafts. Ford says in…
Troika Media to Acquire Converge Direct for $125 Million
Troika Media Group Inc. agreed to acquire Converge Direct LLC and its affiliates for $125 million. Converge is a leading independent marketing and customer acquisition business. TMG is a brand consultancy and marketing innovations company that provides integrated branding and marketing solutions for global brands. What Happened Both the boards and shareholders of Troika and…
Zverev Fined $40,000, Loses Prize Money, Points for Outburst
ACAPULCO, Mexico—Tokyo Olympics gold medalist Alexander Zverev was fined $40,000 by the men’s professional tennis tour and will forfeit more than $30,000 in prize money and all rankings points from the Mexican Open after hitting the chair umpire’s stand with his racket following a loss in doubles. In addition to those penalties, the ATP announced…
Electric and Luxury Models Boost Mercedes-Benz Earnings
BERLIN—Mercedes-Benz will prioritize sales of top-end and electric vehicles in 2022 and deepen its relationship with chip producers, the carmaker said on Thursday, seeking more control over its supply chain amid an ongoing semiconductor shortage. The Mercedes-Benz Cars & Vans division more than doubled its annual adjusted earnings before interest and taxes (EBIT) to 13.9…
New Mexico Officer Wounded, 1 Suspect Dead, 2nd at Large
HOBBS, N.M.—An encounter between a New Mexico officer and two suspects left the officer wounded, one of the suspects dead and the other at large after she escaped in a police vehicle, officials said Thursday. It began about 10:30 p.m. Wednesday when the officer encountered what appeared to be a stranded vehicle in Hobbs near…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta