logo
Plus   Neg
Share
Email

Discovery Turns Positive After Seeing Initial Weakness

After initially moving to the downside, shares of Discovery Communications (DISCA) have turned higher over the course of the trading day on Tuesday. Discovery is currently up by 4.3 percent after reaching its best intraday level in seven months.

The advance by Discovery comes after the television network operator reported better than expected fourth quarter results and received Justice Department clearance for its acquisition of Scripps Networks Interactive (SNI).

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Car rental company Hertz Global Holdings Inc. and biometric technology company CLEAR announced the introduction of biometric ID technology for car rentals. "Hertz Fast Lane powered by CLEAR" is a new service that allows travellers at airports to use fingerprint scanners and facial recognition technology to collect a rental car, instead of showing a physical ID. The recent massive cyber-attack on hotel chain Marriott International Inc. was part of a Chinese intelligence-gathering effort, the New York Times reported Tuesday, citing two people briefed on the investigation. The data breach affected about 500 million guests of the hotel chain. According to the NYT report, the hackers are suspected of working on behalf of the Ministry of State Security. Verizon Communications Inc. said that about 10,400 employees, or nearly 7 percent of its workforce, have accepted the company's voluntary buyout offer that was first announced in September. The voluntary buyout program is part of Verizon's efforts to cut costs and trim its workforce as it focuses on optimizing growth opportunities in 5G network service.
Follow RTT