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The fall of this near-passé technology could mean the rise of Netflix.
The company's stock had made a bold effort - easily among the best performing media stocks in the past year. But the last quarter was the first full one since the economy fell off a cliff, and the Magic Kingdom is now facing reality.
Tuesday the House dropped a provision from the stimulus bill that would allow film projects in 2009 to qualify for 50 percent write-offs, worth some $250 million in tax breaks.
More companies announced layoffs this week as the employment picture continued to dim. Clorox, Time Warner Cable and Fidelity National Financial were among the latest names on Wednesday to announce job cuts.
Futures are modestly higher today after yesterday's rally, there are some big Treasury refundings coming, on top of some very large corporate bond issuances coming from the likes of Procter & Gamble, Novartis, and Altria.
Disney was hit hard by the economy in its fiscal first quarter, shares falling about ten percent in after-hours trading.
Disney CEO Bob Iger blames lower theme-park attendance (and subsequent price-cutting), reduced broadcast advertising revenue and disappointing film revenues for his company's disappointing results.
Cramer makes the call on viewers' favorite stocks.
Stocks ended higher Tuesday, snapping a three-day losing streak, after strong earnings from Merck and a better-than-expected housing report lifted sentiment on the Street.
Walt Disney shares fell steeply in late trading as the company reported a profit that was lower than last year and badly missed analysts' expectations.
Another day, another round of corporate layoffs. Liz Claiborne and PNC Financial Services became the latest companies to announce job cuts on Tuesday
One month into the year, the average dividend yield of the Dow 30 has gone up a bit since 2009 began, but is still down from where it was at the end of November. See how the 30 companies in the Dow compare.
Traders are watching tech as a bright spot in an otherwise tentative market, which is focused on a banking industry bailout, the economy and earnings news.
In this Web Extra, the Fast Money traders talk earnings from Motorola, Disney, MetLife and more. What are they hoping to hear?
Disney, Time Warner and News Corp all report earnings this week. What’s the media trade?
A major US retailer announced job cuts Monday amid worries about the fate of the stimulus plan, while a big Wall Street firm has further job cuts in store, according to reports.
The amazing comeback tandem of Ben Roethlisberger and Santonio Holmes might have taken Steelers linebacker James Harrison out of the MVP running and a trip to Disney World, but that doesn't mean he isn't poised to cash in.
A major US retailer announced job cuts Monday amid worries about the fate of the stimulus plan and the economy.
In this web extra, the traders get fast and furious. How to play names like Disney, CME and Cisco.
Stocks declined as uncertainty about the government's so-called "bad bank" plan rattled the market.