The studio officially acknowledged that the $250 million budget film is a bomb, issuing a statement saying that the film will generate “an operating loss of approximately $200 million during our second fiscal quarter ending March 31.”
Cook isn’t trying to impress us; he just seems to be focusing on moving the company forward in a thoughtful way.
Michael Salzhauer, a Miami cosmetic surgeon and small-business owner, has a nose for inviting controversy. The so-called Dr. Schnoz has produced a rock video about rhinoplasty called "Jewcan Sam," and it's a hoot if you like your advertising on the broadly ethnic side.
On Friday, March 16, Apple's new 3G/4G-ready, Retina Display-equipped iPad will hit shelves at the company's retail locations in the U.S., Australia, Canada, France, Germany, Hong Kong, Japan, Singapore, Switzerland, the UK, Puerto Rico, and, finally, the U.S. Virgin Islands. Doors will open at 8 a.m. local time.
Wall Street struggled for direction Wednesday as traders remained unconvinced by Federal Reserve assurances that the biggest banks would be able to resist a sharp economic downturn.
Denise Nappier, Connecticut Treasurer, discusses why she opposes the appointment of Disney CEO Bob Iger to the position of chairman.
Take a look at some of Tuesday morning’s early movers:
Stocks opened modestly higher Monday as investors prepared for a Federal Reserve meeting later this week and a fresh round of debt auctions.
Space adventure film “John Carter” may have flopped at the box office, but Walt Disney’s other assets, such as amusement parks and ESPN, keep the “buy” rating intact, according to Tuna Amobi, media analyst for Standard & Poors.
Disney's movie, "John Carter", generated only $30.6 million in its first weekend. Despite the weak opening, S& P sr. media & entertainment analyst, Tuna Amobi, maintains a "buy" on Disney stock.
Studios have repeatedly pledged in the 25 years since to modernize their clubby business practices, but the more Hollywood promises change, the deeper it seems to fall into its ruts — as evidenced by “John Carter,” a big-budget science fiction epic from Walt Disney Studios that opened Friday and flopped over the weekend. The New York Times reports.
Take a look at some of Monday morning’s early movers:
CNBC'S Mary Thompson reports on Disney's new cruise ship, "Fantasy", with Disney CEO, Bob Iger.
Disney's newest ship, Fantasy, will be christened in New York on Thursday at 630pm. CNBC's Mary Thompson spoke with Disney CEO Bob Iger.
The Fast Money traders always enjoy hearing from you. On Monday our pros tackled your questions about Johnson & Johnson and Disney.
Stocks abruptly turned mixed in the final seconds of trading Monday, with the Dow ending in negative territory, while the S&P 500 still managed to log its best close since June 2008. Still, the Dow and the S&P 500 are both on track to posting their best February since 1998.
U.S. stock index futures were lower Monday, tracking losses in European shares, after the G20 told Europe over the weekend it must commit mor ecapital to fight the debt crisis before seeking more help.
Take a look at some of Monday morning's early movers:
Just how strong is the U.S. economy right now? Good question. Tough answer. We picked four specific segments of the consumer economy and are taking a look inside the stocks to find some answers. Hotels. Restaurants. Theme parks. Appliances.
Gold prices are up, but that’s not the only thing that makes Sunday’s Oscar wins more valuable than those in years past. Here’s why this year’s Academy Awards could be worth more than ever.