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ESPN, the sports channel that is Walt Disney's most profitable unit, is cutting 300 to 400 jobs across the company and closing a small Denver office, a source said.
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Stocks added to modest gains in the last hour of trading amid rising prices for oil and gold, lifted by banks and technology. Cisco and AmEx led Dow gainers, while Caterpillar fell.
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No signs of agreement on the Federal budget, Southwest managing safety concerns, and Japan still wrestling with its troubled reactors. Here's what we're watching...
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Blockbuster is heading to the auction block Monday and with bidders including billionaire investor Carl Icahn, Dish Network and SK Telecom.
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When TiVo reports after the bell today analysts expect it to post its ninth consecutive quarterly deficit as its subscriber numbers continue to shrink. Wall Street's expecting a quarterly loss of 28 cents per share on revenues of $41 million — yes $41 million.
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What follows is a roundup of corporate earnings reports for Thursday, Feb. 24.
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There were a few acquisitions in the larger media world this week that were far from blockbusters, but worth a quick review.
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A rebound in advertising and strong performance at News Corp's networks led the media giant to beat expectations. Adjusted earnings came in at 29 cents per share, a penny higher than analysts expected and up from adjusted EPS of 25 cents a year ago.
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Stocks closed off session highs, yet the Dow still hit its highest level since before Lehman Brothers collapsed as Treasury yields soared in the wake of the Federal Reserve's reaffirmation of its decision to buy bonds to stimulate the economy. AT&T and Kraft rose, while JPMorgan fell.
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Stocks trimmed some gains but remained mostly higher Tuesday after the Federal Reserve reaffirmed its decision to buy bonds to stimulate the economy and left short-term interest rates unchanged. Kraft and Microsoft rose, while JPMorgan fell.
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Stocks continued to trade higher Tuesday after a handful of mostly strong economic reports, and despite weak earnings from leading electronics retailer Best Buy, as investors await news from the Federal Reserve's meeting this afternoon. Boeing and Cisco rose, while JPMorgan fell.
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Stocks took a breather Monday after hitting two-year highs last week, as the dollar rose amid worries over European sovereign debt troubles. Boeing and Home Depot fell, while BofA and HP rose.
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Stocks took a breather Monday after hitting two-year highs last week, as the dollar rose amid worries over European sovereign debt troubles. Boeing and Home Depot fell, while BofA and HP rose.
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Stocks were mostly lower Monday as the dollar rose amid concerns over European soveign debt troubles ahead of a meeting of G-20 leaders that will address currency policies. Boeing and Home Depot slipped, while HP rose.
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Stocks pared losses in the last few minutes of the session to end higher capping a stellar week for the markets marked by Republican gains in Congress, the Fed's decision to pump more money into the economy, and a surprising strong jobs report. Alcoa and JPMorgan rose.
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Stocks pared losses but remained mixed in the last minutes of Friday's session as stronger-than-expected U.S. job gains in October failed to continue a rally that led stocks to two-year highs on Thursday. Kraft and Merck fell, Alcoa rose.
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Stocks were mixed and the dollar rose a day after the markets surged to two-year highs, as investors absorbed the meaning of a surprising surge in payrolls in the wake of the Federal Reserve plans to pump more money into the economy. Kraft fell, BofA surged.
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The October employment report is not expected to show much in the way of new job growth, but the euphoria over Fed easing may trump any concern in markets Friday.
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DISH Network and Fox announced Friday an agreement has been reached allowing DISH subscribers in major U.S. cities access to Fox Network's programming.
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It's day three of Cablevision and Fox's standoff over a new contract and talks broke off Monday afternoon with no progress. After negotiating in person at News Corp headquarters in midtown, Fox execs are flying back to LA, to resume talks over the phone tomorrow.