DIRS.INFO The most relevant business & tech news

☆ Disney Plans to Cut 7,000 Jobs, $5.5 Billion in Costs
▼ + stars: | 2023-02-08 | by ( Robbie Whelan | ) www.wsj.com time to read: 1 min

Walt Disney Co. said it plans to cut 7,000 jobs and eliminate $5.5 billion in costs as part of a major corporate reorganization led by newly reinstated Chief Executive Robert Iger. “We are embarking on a significant transformation,” Mr. Iger said in the company’s earnings release ahead of the announcement. He said the changes would, among other things, reshape the company around creativity, reduce expenses and lead to profits in its streaming business.

☆ Jim Cramer's top 10 things to watch in the market Tuesday: Dow workhorses, iPhone woes, JNJ setback
▼ + stars: | 2023-01-31 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

Apple is one of 9 Club stocks that report quarterly earnings this Thursday. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ D'Arcy Carden reveals what it was like living with her 'Shotgun Wedding' co-star Jennifer Coolidge: She's 'America's sweetheart'
▼ + stars: | 2023-01-28 | by ( Esme Mazzeo | ) www.businessinsider.com time to read: +5 min

D'Arcy Carden said Jennifer Coolidge is even "smarter and funnier" than people think. D'Arcy Carden attends the 28th Annual Critics Choice Awards in Janurary 2023. Carden watched 'Die Hard' to prepare for her roleJennifer Lopez, D'Arcy Carden, and Cheech Marin in "Shotgun Wedding." "The Good Place" star D'Arcy Carden attends the 2019 Emmys in Los Angeles on Sunday. Frazer Harrison/Getty ImagesShe described being the center of the "Shotgun Wedding" twist as "so fun" and "delicious."

Jan 26 (Reuters) - U.S. airlines expect strong travel demand that drove record fourth-quarter revenues to continue into 2023, but economic uncertainty and burgeoning labor and operations costs could cloud their rosy outlooks. On Thursday, American Airlines (AAL.O), JetBlue Airways Corp (JBLU.O) and Alaska Air Group (ALK.N) forecast better-than-expected full-year earnings. JetBlue forecast expenses excluding fuel to rise 1.5% to 4.5% in 2023. China's recent reopening may also boost international travel, but demand remains uncertain and U.S. airlines face challenges toward cashing in. American Airlines forecast an adjusted profit of $2.50 to $3.50 per share for 2023, handily beating analyst expectations of $1.77, according to Refinitiv data.

Jan 26 (Reuters) - U.S. carriers on Thursday gave strong earnings forecasts for the year despite economic worries after buoyant demand for air travel during the crucial holiday season helped lift quarterly results. On Thursday, American Airlines (AAL.O), JetBlue Airways Corp (JBLU.O) and Alaska Air Group (ALK.N) all forecast better-than-expected earnings for the full year. The company's Northeast Alliance partner American Airlines forecast an adjusted profit of $2.50 to $3.50 per share for 2023, handily beating analyst expectations of $1.77, according to Refinitiv data. "As we turn our attention to 2023, we will continue to prioritize reliability, profitability and debt reduction," American Airlines Chief Executive Robert Isom said. read moreBoth American Airlines and JetBlue posted fourth-quarter earnings that beat estimates on Thursday.

☆ It's not all gloom and doom on Wall Street. Here's where finance firms are still hiring.
▼ + stars: | 2023-01-25 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

For many on Wall Street, those questions are top of mind. Insider's finance team canvassed more than a dozen recruiters to get their takes on the job market. From investment banking to hedge funds to fintechs, here's who's hiring and who's at risk of making more cuts. Click here to read more about the hiring landscape across Wall Street, from banks to hedge funds and fintechs. We've got a list of the best and worst US airlines, according to The Wall Street Journal.

☆ Robert Iger, Henry Kravis to Buy Minority Stake in Thrive Capital
▼ + stars: | 2023-01-24 | by ( Berber Jin | ) www.wsj.com time to read: 1 min

Venture firm Thrive Capital is selling a stake to a group of investors including Walt Disney Co. CEO Robert Iger and KKR & Co. co-founder Henry Kravis , a rare move designed to expand its investing reach and give the founders of the startups it backs access to some of the world’s most powerful business figures. As a part of the transaction, Brazilian food magnate Jorge Paulo Lemann , French telecoms executive Xavier Niel , Indian oil tycoon Mukesh Ambani , Mr. Iger and Mr. Kravis will invest about $175 million to purchase a 3.3% stake in Thrive, the New York-based firm said Tuesday. The deal values the venture firm at $5.3 billion.

☆ Disney Defends Board, CEO Robert Iger Against Nelson Peltz’s Criticisms
▼ + stars: | 2023-01-17 | by ( Erich Schwartzel | Dean Seal | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/disney-defends-board-ceo-robert-iger-against-peltzs-criticisms-11673971148

☆ Nelson Peltz Plans Proxy Fight Against Disney
▼ + stars: | 2023-01-12 | by ( Lauren Thomas | ) www.wsj.com time to read: 1 min

Activist investor Nelson Peltz plans to mount a proxy fight for a seat on Walt Disney Co.’s board, adding to the challenges Robert Iger faces after he recently returned to the role of chief executive at the beleaguered entertainment giant. Disney revealed the activist’s intentions Wednesday afternoon in a statement that said that it is opposed to having him join the board. It also said that current director Mark Parker would become chairman, succeeding Susan Arnold .

☆ American Airline CEO Robert Isom on FAA outage: Investment is required, no doubt
▼ + stars: | 2023-01-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmerican Airline CEO Robert Isom on FAA outage: Investment is required, no doubtAmerican Airlines hiked its revenue and profit estimates for the fourth quarter on Thursday. The Airlines' CEO Robert Isom joins 'Squawk Box' to discuss more.

☆ Disney Adds Lower Priced Theme Park Access and Perks
▼ + stars: | 2023-01-11 | by ( Robbie Whelan | Jacob Passy | ) www.wsj.com time to read: 1 min

Disney fans have grown increasingly critical of the parks business as the company’s theme parks in California and Florida have grown more expensive and more complicated to book. Robert Iger is making a peace offering to Disney ‘s most fervent fans, in what amounts to his first major change to Walt Disney Co.’s theme-parks business since returning to the company as chief executive in November. Effective immediately, holders of annual passes to Disney’s Orlando-area Walt Disney World Resort will be able to visit the theme parks during afternoon hours without making a reservation, the company’s head of parks Josh D’Amaro said in a memo to staff Tuesday.

☆ Disney Requires Workers to Come to Office Four Days a Week, Starting in March
▼ + stars: | 2023-01-10 | by ( Robbie Whelan | ) www.wsj.com time to read: 1 min

Employees who are currently working in a hybrid home and office situation will be expected to come to the office Monday through Thursday beginning March 1. Walt Disney Co. Chief Executive Robert Iger told employees Monday that they would be required to work from a Disney office four days a week, marking one of the most comprehensive return-to-office policies at a large U.S. company since the pandemic. In an all-staff email, Mr. Iger wrote that starting March 1, employees who are currently working in a hybrid home and office situation will be expected to come to the office Monday through Thursday.

☆ Everyone's elite, but not for long. Airlines make travel perks harder to earn this year
▼ + stars: | 2023-01-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +8 min

And now it's a small army," said Cohen, who leads a digital entertainment consulting firm and has lifetime elite status on United and American Airlines . Travelers willing to shell out more for tickets and popular rewards credit cards are swelling ranks in front cabins and airport lounges. Osorio frequents airport lounges on trips booked with rewards points that she earned through strategic credit card use and sign-up bonuses. Bigger space for big spendersDelta, American, United and American Express have been opening bigger airport lounges to fit more travelers. A new American Airlines and British Airways lounge at John F. Kennedy International Airport, November 29, 2022.

☆ Stitch Fix founder Katrina Lake returns as CEO. Here are 5 others who went back to run their former companies.
▼ + stars: | 2023-01-06 | by ( Alexandra York | ) www.businessinsider.com time to read: +2 min

Katrina Lake, the founder of Stitch Fix, is returning as the company's interim CEO. Here are six boomerang CEOs who've returned to the companies they once ran. "I will be stepping in as interim CEO and leading the search process for our next CEO," said Lake, who is immediately replacing Elizabeth Spaulding. "Despite the challenging moment we are in right now, the board and I still deeply believe in the Stitch Fix business, mission, and vision." Lake joins a handful of boomerang CEOs who've returned to the companies they once ran.

☆ Barbara Walters, trailblazing TV broadcaster, dead at 93
▼ + stars: | 2022-12-31 | by ( ) www.cnbc.com time to read: 1 min

Iconic television journalist Barbara Walters has died at 93, her former employer ABC News reported Friday. Walters became the first woman to anchor a U.S. evening news program in 1976. She got her start in TV journalism with NBC News' "Today," where she first appeared in 1964. Robert Iger, CEO of ABC parent company Walt Disney , issued a statement calling Walters "a dear friend." "Barbara was a true legend, a pioneer not just for women in journalism but for journalism itself," Iger said.

☆ Pioneering U.S. television journalist Barbara Walters dead at 93
▼ + stars: | 2022-12-31 | by ( Bill Trott | ) www.reuters.com time to read: +6 min

[1/2] Television personality Barbara Walters arrives for the premiere of the film "Wall Street: Money Never Sleeps" in New York September 20, 2010. "I asked Yeltsin if he drank too much, and I asked Putin if he killed anybody," Walters told the New York Times in 2013. "These two men were really quite brutal to me and it was not pleasant," Walters told the San Francisco Examiner. The New York Times called her "arguably America's best-known television personality" but also observed that "what we remember most about a Barbara Walters interview is Barbara Walters." Walters' three marriages - to businessman Robert Katz, theatrical producer Lee Guber and television executive Merv Adelson - ended in divorce.

☆ Barbara Walters, Pioneering TV Journalist, Dies at Age 93
▼ + stars: | 2022-12-30 | by ( Joe Flint | ) www.wsj.com time to read: 1 min

Barbara Walters , the trailblazing journalist who was the first woman anchor of both a morning and an evening television-news program and at one point was the highest-paid TV-news personality in the country, has died. She was 93 years old. Ms. Walters died Friday evening at her home in New York, according to Walt Disney Co. Chief Executive Robert Iger .

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Hostess, Home Depot, Rivian, Netflix & more
▼ + stars: | 2022-12-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are Tuesday's biggest calls on Wall Street: Atlantic Equities names Coca-Cola as a top 2023 pick Atlantic Equities said it sees "category momentum" for shares of the beverage giant. JPMorgan reiterates Apple as overweight JPMorgan cut its price target on Apple to $190 per share from $200 due to supply chain challenges concerns. JPMorgan names Amazon as a top 2023 pick JPMorgan said Amazon is the "most diversified mega-cap across revs/profit & has numerous large growth opportunities." JPMorgan resumes DuPont as overweight JPMorgan resumed coverage of the stock and said it sees several positive catalysts ahead. JPMorgan names Bank of America a top 2023 pick JPMorgan said it likes the stock due to a "lower share of nonprime consumer loans."

☆ 12 media executives anonymously predict 2023's biggest deals, trends and changes
▼ + stars: | 2022-12-18 | by ( Alex Sherman | ) www.cnbc.com time to read: +5 min

Candle Media has acquired intellectual property assets including Reese Witherspoon's Hello Sunshine production company and Moonbug, which owns the animated kids series "CoComelon." Executive 3: Iger extends his contract There's been lots of speculation over who Iger will choose as his successor. History suggests he has a hard time leaving the role of Disney CEO. Christine M. McCarthy, Senior Executive Vice President and Chief Financial Officer The Walt Disney Company. "I love Shari [Redstone], but ViacomCBS is not long for this world as it stands today," said a media executive last year.

☆ Cramer picks favorite down-and-out stock for 2023 and calls a bottom on another name
▼ + stars: | 2022-12-15 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +3 min

But Jim Cramer said during the Club's December "Monthly Meeting" on Thursday that he has hope for both of them. Disney (DIS), Jim said, might just be his favorite down-and-out stock for 2023. Bob Iger is back as Disney CEO. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ American Airlines Names New CFO as It Looks to Cut Debt
▼ + stars: | 2022-12-13 | by ( Kristin Broughton | ) www.wsj.com time to read: +3 min

American Airlines Group Inc. named a company veteran as its next finance chief as it reaps the benefits of an uptick in air travel and works to pay down debt. He succeeds Derek Kerr, who has held the CFO role at American since its 2013 merger with US Airways Group. During his 20-year tenure at American and airlines it absorbed, US Airways and America West, Mr. May has held senior-level roles in finance, regional operations and network planning. American is one of several airlines that cut back on flights this year amid widespread delays, staffing shortages and airport congestion. The company has said it plans to pay down about $15 billion of its total debt by the end of 2025.

☆ Should You Quit a Chaotic Job Right Now, or Stick It Out?
▼ + stars: | 2022-12-12 | by ( Rachel Feintzeig | ) www.wsj.com time to read: 1 min

How do you know when it’s time to quit your job? At some companies, things are starting to feel messy for workers. Tech firms including Facebook parent Meta Platforms Inc. and Amazon.com Inc. are cutting jobs to prepare for economic uncertainty. Former chief executives, like Walt Disney Co.’s Robert Iger , are back to chart a new course, and new ones like Elon Musk are inciting chaos.

☆ An unexpected force may be speeding up glacier melt across the globe: colorful algae blooms
▼ + stars: | 2022-12-10 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +10 min

Now he sees bright pink and red algae blooms every year. Dr. Matt DaveyScientists like Maréchal think these algae blooms are getting larger and more frequent as rising global temperatures melt glaciers worldwide. Glacier algae seems to be booming, but scientists have a lot to learnResearcher Matt Davey samples snow algae at Lagoon Island, Antarctica. Ice algae and snow algae are different types of microorganisms, and different fields of study, but they both affect glaciers. A strip of "blood snow" filled with red algae cuts across a dark bloom of purple algae in Greenland.

☆ American and British Airways just opened brand new joint luxury lounges at New York's biggest airport as they grow their partnership — see inside
▼ + stars: | 2022-12-08 | by ( Taylor Rains | ) www.businessinsider.com time to read: 1 min

But, to better streamline their operation, British Airways has moved into Terminal 8, and the pair are now officially "roommates," as American CEO Robert Isom put it at a press conference in November. (L-R): Iberia CEO Javier Sánchez-Prieto, British Airways CEO Sean Doyle, American Airlines CEO Robert Isom, Port Authority Executive Director Richard Cotton, Congressman Gregory Meeks (D-NY), and Queen Borough President Donovan Richards Jr. cut the ribbon to the new Terminal 8 at JFK on Tuesday, November 29. Taylor Rains/Insider

☆ Disney Needs to Do More With Less on Streaming
▼ + stars: | 2022-12-05 | by ( Dan Gallagher | ) www.wsj.com time to read: +1 min

But those moves will prove easy compared with the challenges he faces with Walt Disney ‘s streaming business, where he must find a way to make do with less. Two weeks into Mr. Iger’s return to the Mouse House’s corner office, investors remain optimistic. As of Friday’s close, Disney ‘s shares are up 8% since the Nov. 20 announcement—more than double the S&P 500’s gains in that time. The fact that Mr. Chapek had McKinsey consultants running around to push those changes didn’t seem to help his case internally. At the end of the day, even Chief Financial Officer Christine McCarthy turned on him, according to The Wall Street Journal’s reporting.

Search resuls for: "Robert I"

25 mentions found