Expect big acts for the media and entertainment industry next year: big deals, bigger convergence, biggest mobile universe. Julia Boorstin shares her insights.» Read More
LOS ANGELES, Nov 7- Walt Disney Co reported higher profit for the quarter that ended in September, lifted by increased spending from summer visitors at its U.S. theme parks and a rise in sales of toys and other consumer products. The media company posted diluted earnings per share of 77 cents, according to a statement released on Thursday.
LOS ANGELES, Nov 7- The Walt Disney Co will bring the next movie in the "Star Wars" franchise to theaters on Dec. 18, 2015, the company said in a statement on Thursday.
Disney reported higher profit for the quarter, lifted by more visitors to U.S. theme parks and higher sales of toys and other consumer products.
LOS ANGELES, Nov 7- Walt Disney Co reported higher profit for the quarter that ended in September, lifted by more visitors to U.S. theme parks and higher sales of toys and other consumer products. The media company posted diluted earnings per share of 77 cents, according to a statement released on Thursday.
Walt Disney chairman and CEO Bob Iger feels good about the company's last quarter and "solid" year. He calls the deal with Netflix to create original content for Marvel a "win-win."
Disney is reporting Q4 EPS of $0.77 on revenue of $11.57 billion, with CNBC's Julia Boorstin.
*Qualcomm falls after results, outlook. NEW YORK, Nov 7- U.S. stocks fell on Thursday, as a drop in Qulacomm overshadowed earlier enthusiasm in the wake of an interest rate cut by the European Central Bank.
*Twitter shares to debut on NYSE. NEW YORK, Nov 7- U.S. stocks were poised for a higher open on Thursday, after an interest rate cut by the European Central Bank reinforced expectations global central banks will continue to take actions to buoy struggling economies worldwide.
U.S. stock index futures pointed to a higher open on Wall Street on Thursday.
NEW YORK, Nov 7- U.S. stock index futures climbed on Thursday, after an interest rate cut by the European Central Bank reinforced expectations that global central banks will continue to take actions to support struggling economies worldwide.
*Twitter shares to debut on NYSE. Qualcomm falls after results, outlook. *Investors will also brace for the market debut of Twitter Inc, which priced its initial public offering, above the expected range, at $26 per share to raise at least $1.8 billion, a sign of strong investor demand for the most highly anticipated U.S. public float since Facebook Inc..
Twitter will debut on Thursday in a market that's been showing clear signs of wear and has some investors burrowing further into defensive names.
Ron Grover, Los Angeles bureau chief for Reuters, says that while Twenty First Century Fox "spent like crazy", Disney's spending was more subdued and its movie and parks business performed well.
LOS ANGELES, Nov 5- Rupert Murdoch's 21st Century Fox Inc TV and film company reported quarterly earnings that missed Wall Street expectations, dragged down by investments in new cable channels and a weaker performance by its movie slate. Wall Street analysts on average had expected 35 cents per share, according to Thomson Reuters I/B/E/S.
Besides the ousted co-founders, there are a number of other key players who are responsible for growing and running the company now.
Nov 4- John Chen, the man charged with breathing life into struggling BlackBerry Ltd, says he has no intention of killing the money-losing BlackBerry handset as he looks to turn around the smartphone maker.
Several highly anticipated events will finally happen this week, some after months of speculation.
NEW YORK, Nov 4- It's a good time to be a stock picker. Some 57 percent of U.S. funds run by active managers are beating their benchmark indexes this year, according to fund-tracker Morningstar.
LOS ANGELES/ NEW YORK, Nov 3- "Ender's Game," the futuristic story of children forced to fight an enemy race, battled to the top of box office charts in the United States and Canada, defeating senior citizen buddy comedy "Last Vegas" and animated turkey tale "Free Birds."
Bulls could keep the upper hand in the coming week, even with increasing warning signs that the market could be getting bubbly.