Grandad wins EuroMillions because he forgot his reading glasses

Rite Aid Corp. Posts Wider Adj. Loss In Q4

Rite Aid Corporation (RAD) reported a fourth quarter adjusted net loss per share from continuing operations was $0.78 compared to a loss of $0.37, prior year. On average, four analysts polled by Thomson Reuters expected the company to report a loss per share of $0.76, for the quarter. Analysts’ estimates typically exclude special items. Adjusted EBITDA from continuing operations declined to $41.3 million from $135.6 million.

Fourth quarter net loss from continuing operations was $18.5 million compared to a loss of $343.5 million, prior year. Loss per share from continuing operations was $0.34 compared to a loss of $6.43.

Fourth quarter revenues increased to $5.92 billion from $5.73 billion, prior year. Analysts expected revenue of $5.8 billion, for the quarter.

For the first quarter, the company projects: adjusted EBITDA to be between $115 million and $140 million; net result to be between a loss of $10 million and income
of $10 million; and total revenues to be between $6.1 billion and $6.3 billion.

Amazon Prime Passed 200 Million Members Worldwide; Incoming Amazon CEO Andrew Jassy Made $35 Million Last Year On Stock Grant

Incoming Amazon CEO Andrew Jassy made $35 million last year on a large stock grant according to SEC filings Thursday morning. Founder Jeff Bezos, who is planning to step away from the-day-to day operations, earned $1.6 million for the year, unchanged from 2019 and mostly for security, the company said in its annual proxy statement.

Bezos revealed in a letter to shareholders that the company’s Amazon Prime delivery service has passed 200 million members globally. That broader service includes the video streaming service Prime Video.

Bezos will hand the reins to Jassy, head of the e-commerce giant’s fast-growing web services division, in the third quarter of the year.

In his last annual letter as CEO, Bezos called the post “a hard job with lots of responsibility.”

“Andy is brilliant and has the highest of high standards. I guarantee you that Andy won’t let the universe make us typical. He will muster the energy needed to keep alive in us what makes us special. That won’t be easy, but it is critical. I also predict it will be satisfying and oftentimes fun,” Bezos said.

The company’s year-end letters include details of commitments to workplace policy – in the wake of a much-watched vote to unionize at an Alabama warehouse this month that the company ultimately won – and its commitment to social and environmental causes.

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Battat Recalls Infant Teethers Sold At Target

Battat is recalling infant teethers sold exclusively at retail major Target Corp. citing choking hazard, the U.S. Consumer Product Safety Commission said in a statement.

The recall involves B. toys Light-Up Firefly Teether Glowy Chews – Firefly Frank, plastic infant teethers. About 61,000 units were sold in the United States and about 210 were sold in Canada. The colorful teethers shaped like a Firefly are blue, green and red and light up when shaken.

According to the agency, the plastic wings can detach from the body of the teether, posing a choking hazard to young children.

The recall was initiated after Battat received 14 reports of the wings detaching or pieces of the wing breaking off, including one report of a child choking on a broken piece of the wing.

The toys were manufactured in China and imported by Minneapolis, Minnesota-based Target. They were sold at Target stores across the country and online at Target.com from July 2019 through February 2021 for about between $6 and $10.

Consumers are urged to return the toys to any Target store for a full refund, or contact Battat to return by mail for a full refund.

In similar incidents, Playgro this week recalled about 18,000 units of Clip Clop infant activity rattles due to choking hazard to small children.

IBM To Buy MyInvenio – Quick Facts

IBM (IBM) has reached an agreement to acquire myInvenio, a process mining software company based in Reggio Emilia, Italy. Financial terms of the deal were not disclosed. IBM plans to integrate myInvenio’s capabilities into its Automation portfolio.

Dinesh Nirmal, General Manager, IBM Automation, said: “With IBM’s planned acquisition of myInvenio, we are continuing to invest in building the industry’s most comprehensive suite of AI-powered automation capabilities for business automation so that our customers can help employees re-claim their time to focus on more strategic work.”

The Biden administration slapped new sanctions on Russia and expelled diplomats over cyberattacks and election interference

The Biden administration issued sanctions on Russia on Thursday, targeting more than 30 Russian entities and expelling diplomats over cyberattacks and election interference. 

“The Biden administration has been clear that the United States desires a relationship with Russia that is stable and predictable,” the Biden administration announced. “We do not think that we need to continue on a negative trajectory. However, we have also been clear — publicly and privately — that we will defend our national interests and impose costs for Russian Government actions that seek to harm us.”

This is a developing story. Please check back for more updates.