Tuesday, 24 March 2020

Discovery Withdraws Financial Guidance, Taps $500M Of Credit Facility, Eyes Cost Cuts In Shadow Of Coronavirus

Discovery is the latest big media company to withdraw financial guidance and boost its cash cushion in uncertain times, tapping $500 million of a $2.5 billion revolving credit facility to “maximize flexibility in light of the current uncertainty” surrounding the impact of the coronavirus pandemic on its operations. Discovery is one media company with deep pockets, including […]

from Deadline https://ift.tt/2UhumS8

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Microsoft says new quantum chip 1,000 times more reliable than predecessor

The tech giant predicts it will have a quantum computer that can solve commercially useful problems by the end of the decade. from BBC New...