In a statement Thursday, Comcast Corp.’s
CMCSA,
-2.31%
NBCUniversal singled out 2022 movies such as “The 355,” starring Jessica Chastain and Penélope Cruz; “Ticket To Paradise,” starring George Clooney and Julia Roberts; “Marry Me,” starring Jennifer Lopez and Owen Wilson; and the sequel “Downton Abbey: A New Era” as examples.

However, some of Universal’s biggest upcoming releases — such as “Jurassic World: Dominion,” “Minions: The Rise of Gru” and Jonathan Nolan’s “Oppenheimer” — were not mentioned. Variety and The Hollywood Reporter reported those movies will stream on Peacock at some point, but after 45 days.

Peacock President Kelly Campbell said in a statement that the Universal releases will “provide a steady stream of fresh, original films exclusively for Peacock customers throughout the year.”

Peacock did not disclose its latest subscriber numbers in its third-quarter earnings report in October. But as of the second quarter of 2021, it had about 54 million subscribers.

New movies are a major selling point in the highly competitive streaming wars. HBO Max saw a healthy boost in subscribers in 2021, due in part to WarnerMedia’s decision last year to stream new Warner Bros. movies for 30 days starting the same day they hit theaters. That policy, which was controversial in Hollywood, will not continue in 2022.

Walt Disney Co.’s
DIS,
-0.26%
Disney+ has also experimented with various movie release formats, including streaming on the day of theatrical release with an additional $30 fee, and shortening the theatrical window to, in the case of “Encanto,” just one month.

Fortescue is undergoing a “major transition from a pure play iron-ore and future-facing metals exploration group, to a vertically integrated green energy and resources group,” the company said.

Gaines has been CEO of Fortescue since early 2018 and has been a member of its board since 2013.

Fortescue, which relies on the sale of iron ore for its profits, has been building a portfolio of clean energy projects centered on green hydrogen.

The company on Thursday announced a cooperation agreement with Indonesia’s North Kalimantan provincial government to study potential renewable energy and green hydrogen projects.

Earlier this week, it agreed with AGL Energy Ltd. to look at ways to repurpose infrastructure at two Australian coal-fired power stations to generate green hydrogen, while separately signing memoranda of understanding with three indigenous communities in Canada aimed at developing energy projects there.

The wave has included super sellers such as cosmetics billionaire Ronald Lauder and Google
GOOGL,
-0.37%
co-founders Larry Page and Sergey Brin, who have sold shares for the first time in four years or more as the economic recovery fueled strong growth in sales and profit. Other high-profile insiders—including the Walton family, heirs to the Walmart Inc.
WMT,
+1.39%
 fortune, and Mark Zuckerberg, chief executive of Facebook parent Meta Platforms Inc.
FB,
-0.22%
 —have accelerated sales and are on track to break recent records for the number of shares they have sold.

Read: Elon Musk exercises more options, sells another $1 billion of Tesla stock

Across the S&P 500, insiders have sold a record $63.5 billion in shares through November, a 50% increase from all of 2020, driven both by stock-market gains and an increase in sales by some big holders. The technology sector has led with $41 billion in sales across the entire market, up by more than a third, with a smaller amount but an even bigger increase in financial services.

Also: CEO Satya Nadella sells about half of his Microsoft shares

“What you’re seeing is unprecedented” in recent years, said Daniel Taylor, an accounting professor at the University of Pennsylvania’s Wharton School who studies trading by executives and directors. He said 2021 marks the most sales he can recall by insiders in a decade, resembling waves of sales during the twilight of the early 2000s dot-com boom.

An expanded version of this report appears on WSJ.com.

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‘Like a heavy anchor, he’s taken his entire family down’: Operator of credit repair business and 7 relatives sentenced in $3.4 million identity fraud case

Michael Griffin crafted fake police reports to clean up clients’ bad credit and conspired with his family to run a sweeping credit card fraud at Lowe’s. Read More

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The musician’s home certainly has us singing its praises.

Known as the Skyline Residence, the 2007 build sits above Laurel Canyon. Built by AIA award-winning architect Hagy Belzberg, the gated compound offers views from the mountains to the city.

The living space spans 6,100 square feet and includes five bedrooms and 5.5 bathrooms. It features high ceilings, walls of glass, and indoor-outdoor flow. The layout offers a formal living room with a fireplace, a chef’s kitchen, and an adjacent dining room, all of which lead out to the lush, flat yard.

The master suite comes with a 10-foot video wall, onyx bath, steam shower, and walk-in closet.

The 1.5-acre grounds include a 70-foot infinity pool, outdoor theater, spa, skate park, and multiple decks.

The detached, two-story guesthouse comes complete with a bedroom, bath, kitchen, and screening room.

Beverly Hills behemoth

This dynamite home on the market is not to be confused with the rapper’s other L.A. home he sold, a glass and concrete construction in Beverly Hills.

Roundly mocked on social media for its community college vibe, that property was listed in March 2020 for $17 million. It was sold six months later for $14 million. Williams had purchased the place in 2018 from Tyler Perry for $15.6 million.

The multitalented performer and producer has won 13 Grammy awards. Also a two-time Oscar nominee, Williams has collaborated with various artists, including Ariana Grande and Gwen Stefani.

Rayni Williams with The Beverly Hills Estates holds the listing.

This story was originally published on Realtor.com.

Analysts surveyed by FactSet had forecast earnings of $1.15 billion, or $2.62 a share, on revenue of $49.65 billion.

Costco shares
COST,
-1.09%
bounced between slight losses and gains in after-hours trading immediately after the report was released. They had declined about 1% in the regular session to close at $524.33.  The company’s stock has risen about 40% so far this year, compared with the S&P 500 index’s
SPX,
-0.72%
25% increase in the same period.

The company reported fiscal fourth-quarter net income of $1.91 billion, or $4.45 a share, compared with $1.25 billion, or $2.93 a share, in the year-ago period. Adjusted earnings, which exclude stock-based compensation and other items, were $7.81 a share, compared with $6.35 a share in the year-ago quarter.

Revenue rose to $7.41 billion from $6.47 billion in the year-ago quarter. Analysts surveyed by FactSet had expected earnings of $7.74 a share on revenue of $7.36 billion, based on Broadcom’s forecast revenue of about $7.35 billion.

The company reported a 76% gain in chip sales to $5.63 billion from the year-ago period, and a 24% rise in infrastructure software sales to $1.77 billion. Analysts had forecast chip sales of $5.6 billion and infrastructure software sales of $1.73 billion.

“Broadcom concluded the year with record fourth quarter results driven by a rebound in enterprise, and continued strength from cloud and service provider demand,” said Hock Tan, Broadcom president and chief executive, in a statement. “Our infrastructure software growth continues to be steady with our focus on strategic customers.”

Broadcom forecast revenue of about $7.6 billion for the fiscal first quarter, while analysts had estimated revenue of $7.24 billion.

Broadcom also said its board authorized a new $10 billion share buyback program that is effective until the end of 2022. The company reported cash and cash equivalents of $12.16 billion at the end of its fiscal year.

Over the past 12 months, shares of Broadcom have gained 40%. In comparison, the S&P 500 index 
SPX
has advanced 27%, the tech-heavy Nasdaq Composite Index 
COMP
 has risen 26%, while the PHLX Semiconductor Index 
SOX
has grown 42% over that time.

Michael Griffin, 53, involved seven relatives in the credit card scam, including his wife, daughter, two brothers and three sisters, one of whom was an online pastor. The scheme involved the creation of “synthetic identities” that relied on the stolen Social Security numbers of children, prosecutors said.

“Like a heavy, heavy anchor, he’s taken his entire family down,” U.S. District Court Judge Terrence Boyle said at Griffin’s sentencing on Wednesday, according to the Raleigh News & Observer. 

All of Griffin’s relatives pleaded guilty in the case in October and were sentenced to as much as 14 months in prison.

A message left with Griffin’s attorney wasn’t immediately returned.

False police reports

The probe into Griffin began in 2019 when authorities charged him with filing false police reports with credit rating agencies stating that his clients — some of whom had paid $3,000 for his credit repair services — had been the victims of identity theft. The ruse often worked and Griffin’s clients were unaware of what he had done, according to court documents.

Prosecutors say Griffin had run this scam on behalf of nearly 600 clients of his credit repair business. 

After he had been charged, the case expanded after investigators determined that Griffin had engaged in something called synthetic identity theft, where a stolen Social Security number is paired often with a fake name, thereby creating a false identity.

Prosecutors say Griffin at some point used such a false ID to obtain an auto loan to purchase a 2018 Hyundai Genesis for $73,000. 

The scam then expanded into credit card fraud. Griffin was accused of enlisting his family members to help apply for dozens of Lowe’s credit cards issued by Synchrony
SYF,
+1.23%
Bank, using synthetic identities, prosecutors said.

Messages left with representatives for Synchrony and Lowe’s weren’t immediately returned. 

Investigators say Griffin would then max out the accounts to purchase prepaid cash cards and then walk away from the credit card. Prosecutors say Griffin also scammed other financial institutions through a similar ruse.

Griffin pleaded guilty to fraud in August and was sentenced Wednesday to 100 months in federal prison. He was also ordered to pay $400,000 in restitution.

“These strong results are being driven by the 22% growth of our infrastructure and applications cloud businesses, which are approaching $11 billion in annualized revenue,” Oracle Chief Executive Safra Catz said in a statement.

Revenue was $10.36 billion, up 6% from $9.8 billion a year ago.

Analysts surveyed by FactSet had expected earnings of $1.11 a share on revenue of $10.2 billion.

Additionally, Oracle’s board of directors increased the authorization for share repurchases by $10 billion, and declared a quarterly cash dividend of 32 cents a share of outstanding common stock.

Shares of Oracle are up 37% this year, while the broader S&P 500 index
SPX,
-0.72%
has gained 24.5%.