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AMZN mountain 2021-01-01 Amazon's stock performance since the start of 2021. CRM mountain 2021-01-01 Salesforce's stock performance since the start of 2021. DHR mountain 2021-01-01 Danaher's stock performance since the start of 2021. DIS mountain 2021-01-01 Disney's stock performance since 2021. SWK mountain 2021-01-01 Stanley Black & Decker's stock performance since the start of 2021.
Persons: It's, Eli Lilly, Salesforce, Bob Iger's, Emerson, Lal Karsanbhai, hasn't, tanked, Laxman Narasimhan, Stanley Black, Decker, , Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Federal Reserve, Dow Jones Industrial, Nvidia, Microsoft, Linde, LIN, Broadcom, Web Services, Walt Disney, Paramount, Warner Bros Discovery, Disney, Emerson, Emerson Electric, National Instruments, Google, Honeywell, Honeywell International, Technologies, Solutions, Meta, Reality Labs, Starbucks, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, Seattle, Danaher's, China
It's rare for Disney Chief Executive Bob Iger to acknowledge his company has had creative missteps. At the time, Disney's animation and live-action studio divisions had struggled with a string of failed movies, including including "The Alamo," and "Home on the Range" and "Pooh's Heffalump Movie." He also acquired Pixar, giving Disney an immediate infusion of quality movies and a brand of storytelling that rubbed off on Disney's traditional animation studio. In 2006, acquiring Pixar quickly improved Disney's film quality and box office results. Iger noted the Disney animation studio's next release, "Wish," which stars Ariana DeBose and debuts in theaters on Wednesday, could begin a run of sustainable hits for Disney.
Persons: Bob Iger, it's, I've, Iger, , Alan Bergman, Ariana DeBose, Ralph, Coco Organizations: Disney, Pixar, Marvel, Star, Trian Partners Locations: Comscore
Make America Build Again
  + stars: | 2023-11-16 | by ( Adam Rogers | ) www.businessinsider.com   time to read: +37 min
America is the sixth-most-expensive place in the world to build subways and trolleys. The solutions will cost trillions of dollars and require a pace of building unseen in America since World War II. Perhaps the single most pressing question we face today is: How do we make America build again? "For this class of projects, federal environmental laws are more the exception." The prospect of overhauling our hard-won environmental laws might feel like sacrilege to anyone who cares about the Earth.
Persons: Anne, Marie Griger's, Griger, , They're, Obama, I'm, we've, We've, I'd, It's, Matt Harrison Clough, Jamie Pleune, AECOM, Joe Biden's, There's, David Adelman, David Spence, Spence, James Coleman, NECA, Coleman, everyone's, Danielle Stokes, Nobody, Bill McKibben, Mother Jones, McKibben, Michael Gerrard, Columbia University —, they've, David Pettit, it's, Zachary Liscow, That's who's, Adam Rogers Organizations: RES Group, Environmental, Infrastructure Investment, Jobs, Land Management, Forest Service, University of Utah, Harvard Joint Center for Housing Studies, Brookings, Bureau of Ocean Energy Management, White, University of Texas, Greenpeace, Natural Resources Defense Council, Act, NEPA, Berkeley, University of California, University of Southern, Southern Methodist University, Ecosystems Conservation, GOP, Biden, Motorola, Telecommunications, Conservatives, Federal Energy Regulatory Commission, FERC, University of Richmond, UC Berkeley, USC, Star, Sabin, Climate, Columbia University, Natural Resources Defense, Republicans, Democrats, Management, Budget, Yale Law School Locations: Panama, Colorado, . California, Los Angeles, San Francisco, China, America, Washington, , Wyoming, Nantucket, New England, San Francisco ., University of Southern California, California, New York, Florida, Southern California, Las Vegas
We're pleased to see a new activist firm come to Disney 's (DIS) support since CEO Bob Iger's turnaround strategy for the entertainment giant has been taking time to show meaningful results. ValueAct started to build its Disney stake this past summer, and the stock is now among its largest positions. DIS YTD mountain DIS stock performance year-to-date. ValueAct isn't the only activist firm that has built a stake in Disney. This new Disney buy during the third quarter comes after Peltz's recent push in October to potentially reignite a fight for multiple seats on Disney's board.
Persons: We're, Bob Iger's, ValueAct, Ken Squire, Mason Morfit, Squire, Nelson Peltz's, Nelson, Jim Cramer, Peltz, Iger, Jim Cramer's, Jim, Walt, Joe Raedle Organizations: Disney, Management, SEC, CNBC, Netflix, Walt Disney, Getty Locations: Disney, Hulu, Orlando , Florida
How Disney can save the Marvel Cinematic Universe
  + stars: | 2023-11-14 | by ( Sarah Whitten | ) www.cnbc.com   time to read: +13 min
CEO Bob Iger suggested as early as March that the company should decrease the number of sequel films Marvel releases in favor of bringing newer characters and stories into the mix. Box office analysts aren't ready to wave the white flag on the MCU, which has left rival DC, owned by Warner Bros. The promise was that the events of the shows would come full circle and influence the content of Marvel's films. Brie Larson stars as Carol Danvers aka Captain Marvel in Disney and Marvel's "The Marvels." It is expected that this Deadpool film will follow carry an R rating, which would be a first for a Marvel Cinematic Universe feature.
Persons: Marvel Studios Kevin Feige, Jesse Grant, Captain America, It's, Marvel, Disney, Bob Iger, aren't, Kevin Feige, Paul Dergarabedian, Elizabeth Olsen, Paul Bettany, Wanda Maximoff, Sam Wilson, Loki, Knight, they've, Robert Thompson, Tony Stark, Steve Rogers, Robbins, Paul Rudd, Scott Lang, Johnathan Majors, Kang the, Kang, Jonathan Majors, Shawn Robbins, Josh Brolin, Chris Evans, Robert Downey Jr, Scarlett Johansson, Strange, Hugh Jackman, Brie Larson, Carol Danvers, Captain Marvel, James Bond, Marvel hasn't, hasn't, it's, America Chavez, Kate Bishop, Kamala Kahn, Cassie Lang, Riri Williams, Ryan Reynolds, Maya Lopez, Wilson Fisk, Lopez, Agatha Organizations: Marvel Studios, Walt Disney Studios, Disney, Getty, Marvel, DC, Warner Bros, Captain, Syracuse University, Guardians, Rotten, CNBC, Disney Marvel, Sony, Hollywood, Star Wars, Star, Young Avengers, Fox, Hulu Locations: ANAHEIM , CALIFORNIA, Anaheim , Calif, California, Shanghai, Quantumania
CNBC Special Podcast: Disney’s Wildest Ride
  + stars: | 2023-11-14 | by ( ) www.cnbc.com   time to read: 1 min
CNBC's Alex Sherman reports on the inside story of a CEO succession plan gone awry at Disney — a cautionary tale of how good intentions clashed with ego and hubris at the highest levels of corporate America. Sherman spoke with more than two dozen people who worked closely with Disney's last two CEOs, Bob Iger and Bob Chapek, between 2020 and 2022. His report features many never-before reported details about Chapek's tenure, how and why he was fired, and Iger's plan to revive Disney now that he's CEO once again. To read the full article go to https://cnb.cx/3Pr3kEd
Persons: CNBC's Alex Sherman, Sherman, Disney's, Bob Iger, Bob Chapek Organizations: Disney Locations: America
Disney has offered to pay Comcast $8.6 billion to take full control of Hulu. Disney is already in the process of rolling out a unified app that'll make Hulu's general entertainment content available in Disney+ . "With Hulu firmly in the Disney fold, they can create their own mini-bundle with kids and family (Disney +), general entertainment (Hulu), and sports (ESPN). The valuation also has to take into account that Hulu contains an entire Disney basic cable network, FX on Hulu. Netflix is set to spend $17 billion on entertainment content in 2024, while Disney is poised to spend $15 billion.
Persons: Bob Iger's, , Bob Iger, Hulu —, what's, Comcast's NBCUniversal, pare, he's, Jonathan Miller, Brian Roberts, there's, Bernstein, Laurent Yoon, Read, Jordan Helman, Max, Puck, Disney, Bernstein's Yoon Organizations: Disney, Comcast, Hulu, Service, YouTube, News, Century Fox, Marvel, Netflix, Integrated Media, ESPN, ABC, LightShed Partners, Warner Bros, Wall, Paramount Global, Paramount, Showtime, HBO Max, Macquarie Equity Research, Media, Disney Disney, Hollywood Locations: Disney, Hulu, Canada, India, Hollywood
The end of the Hollywood actors' strike takes a risk off the table for Disney (DIS) — just as CEO Bob Iger's turnaround plan for the entertainment giant is starting to show real progress. Prior to the announcement, Disney CEO Bob Iger told CNBC that the strike's impact on the business had so far been "negligible." DIS YTD mountain DIS stock performance year-to-date. With Disney's strong quarterly cash flow and healthy balance sheet, Jim said he expects a stock buyback as soon as next year. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Bob Iger's, Bob Iger, Jim Cramer, Jim, Cramer, Disney, Morgan Stanley, Jim said, Jim Cramer's, Mickey, Minnie, Ian Langsdon Organizations: Hollywood, Disney, SAG, CNBC, Investors, Iger, Management, ESPN, Paris, Afp, Getty Locations: Marne, Paris
The firm upgraded shares to neutral from sell in a Wednesday note, and slightly increased its target price to $5.50 from $5. The firm upgraded the offshore drilling company to overweight from equal weight in a Thursday note and raised its price target to $106 from $84. The bank reiterated a buy rating on Disney with a $120 per share price target, or about 42% upside from Wednesday's $84.50 close. Bank of America's Jessica Reif Ehrlich also reiterated a buy rating on Disney, albeit with a $110 per share price target, which implies more than 30% upside. The bank initiated coverage of the electric vehicle giant with a reduce rating accompanied by a $146 per share price target.
Persons: Goldman Sachs, Ygal Arounian, — Brian Evans, Bud Light, Carlos Laboy, BUD, Brian Evans, EBITDA, Stephanie Yee, Parker, Banks, Parker Hannifin, Nicole DeBlase, Eddie Kim, Brett Feldman, Bank of America's Jessica Reif Ehrlich, Bob Iger's, Michael Montani, Greg Melich, — Fred Imbert, Tesla, Michael Tyndall Organizations: CNBC, Tesla, HSBC, ISI, Analysts, Citi, Anheuser, Busch InBev HSBC, Busch InBev, Middle America, InBev, BUD, JPMorgan, Montrose Environmental, Deutsche Bank, Barclays, Disney, Bank of America's Locations: China, U.S, North America, Montrose, 3Q23, EBITDA, Valaris
Toy figures of people are seen in front of the displayed Disney + logo, in this illustration taken January 20, 2022. For the fiscal fourth quarter ended Sept. 30, Disney reported adjusted per-share earnings of 82 cents, topping an average forecast of 70 cents, according to LSEG data. The company said it added nearly 7 million Disney+ streaming subscribers in the quarter, with the inclusion of "Guardians of the Galaxy Vol. Disney+ and Disney+ Hotstar together boast 150.2 million subscribers, ahead of Visible Alpha's estimate of 147.4 million. "Our results this quarter reflect the significant progress we've made over the past year," Iger said in a statement.
Persons: Dado Ruvic, Walt Disney, Bob, Kevin Lansberry, Iger, Disney, Nelson Peltz, Trian, Paolo Pescatore, Paul Verna, Verna, We've, Dawn Chmielewski, Lisa Richwine, Chavi Mehta, Peter Henderson, Sayantani Ghosh, Matthew Lewis Organizations: REUTERS, ABC, Disney, Guardians, Trian, Management, Warner Bros Discovery, SAG, Insider Intelligence, Hulu, ESPN, Shanghai Disney, Walt Disney, Disney's Entertainment, Star, Big Ten, Thomson Locations: Shanghai, Hong Kong, Florida, India, Los Angeles, Bengaluru
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're ranking how different generations are doing in the current economy. After watching their parents and predecessors (millennials) struggle with finances, Gen Z is taking matters into their own hands. A May survey found more than half of Gen Z respondents had already started investing.
Persons: , Tom Brady, Brooks Kraft, who's, It's, They've, Gen Zers, Gen Z, Gen, they've, Zers, HENRY, There's, aren't, Jamie Dimon, Dimon, Banks, Goldman Sachs, Joel Saget, Loren Elliott, Andreessen Horowitz, Elon, Barack Obama's, Allen Berezovsky, Getty, Roberto Machado Noa, Rowan Jordan, Tyler Le, Bob Iger's, it's, that's, Scooter Braun's, Camila Sterling, David Bolno, Sterling, Vivek Ramaswamy, Nikki Haley, Chris Christie, Will Smith, LL, Queen Latifah, Remy Ma, Chris Sattlberger, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Brooks Kraft LLC, Alpha, Beta, Getty, JPMorgan, Treasury, MDs, AFP, Getty Images Google, Microsoft, Google, US, Disney, Republican, NBC News, CBS, Walt Disney Company, Bayer, Airbus Locations: Ukraine, California, Florida, New York City, San Diego, London, New York
Bob Iger's second run as Disney's CEO has been mired with challenges. One of them: The movies his company has been making just aren't that good. AdvertisementAdvertisementDisney movies aren't the magic that they used to be — and Bob Iger is well aware. It's nice to see Iger admit what many fans of Disney's favorite properties — Marvel and Pixar, to name a few — already know. AdvertisementAdvertisementIger's plan to overhaul the film studio includes being more selective of both the sequels that get made and the new original movies Disney introduces, he said on the call.
Persons: Bob Iger's, , Bob Iger, There's, Indiana Jones, Michael Nathanson, Iger, Nathanson Organizations: Service, Marvel, Pixar, Disney
However, we did not learn much in the way of strategic partnerships for ESPN and its TV business. That's a significant improvement from the nearly $5 billion it generated in fiscal 2023 and $6.7 billion analysts expected for 2024. DTC, housed in the Entertainment segment, saw quarterly narrow to $420 million from $1.4 billion in fiscal 2022 Q4. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Persons: Bob Iger's, Nelson Peltz, Disney, That's, Hotstar, it's, Iger, Hugh Johnston, Johnston, Jim Cramer's, Jim Cramer, Jim, Walt, Joe Raedle Organizations: Disney, Revenue, LSEG, Sports, ESPN, Entertainment, Hulu, CNBC, Comcast, Disney Cruise, Disney Vacation, Disneyland, PepsiCo, Walt Disney, Getty Locations: Hulu, Orlando , Florida
The "Partners" statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023. In its previous quarter, Disney recorded $2.65 billion in one-time charges and impairments, dragging the company to a rare quarterly net loss. Disney is also feeling pressure from activist investor Nelson Peltz, who is seeking to gain more control of the company's board. Perlmutter is one of the largest single shareholders in the company and has entrusted his stake in Disney to Peltz's Trian Fund Management. Tune in: CNBC's Julia Boorstin is set to interview Disney CEO Bob Iger at 4:05 p.m.
Persons: Walt Disney, Mickey Mouse, Bob Iger's, Nelson Peltz, There's, Ike Perlmutter, Perlmutter, Julia Boorstin, Bob Iger Organizations: Magic, Walt Disney World, , Netflix, Disney, Marvel Entertainment, Trian Fund Management, Comcast, CNBC Locations: Lake Buena Vista , Florida, Hulu, Disney, NBCUniversal
"There was a lot of excitement and hope at the return of Bob Iger a year ago," a current Disney staffer told Insider. Uncertainty about the company's future and about who's deciding what on the creative side has left execs in a state of inertia, according to an entertainment lawyer with knowledge of Disney's business. The declining linear TV business culminated in a standoff with Charter Communications over terms for a new contract for carrying Disney's cable channels. And Disney's streaming business, which was supposed to make up for the decline in cable revenues, has lost $11 billion since Disney+ launched in 2019. Churn is a top concern in Disney streaming, some employees said.
Persons: Goofy, what's, Bob Iger, Bob Chapek, He's, confidants, Zenia Mucha, Alan Braverman, Alan Horn, Jayne Parker, Christine McCarthy —, Mickey, Ariel, grumbled, Iger's, It's, he's, Iger, Paul Verna, Chapek, Bob, it's, Ron DeSantis —, Iger —, Nelson Peltz, he'd, hasn't, Verna, Disney, Ike Perlmutter, Peltz, Perlmutter, Ike, Disney's, Paul Singer, Kevin Mayer, Tom Staggs, Puck, Stagg's Blackstone, Intelligence's Verna Organizations: Walt Disney Co, Disney, ABC, Hollywood, CNBC, Writers Guild of America, Wall, Insider Intelligence, Marvel, Lucasfilm, Century Fox, Google, Facebook, Netflix, Communications, Florida Gov, Hulu, ESPN Iger, FX, Geographic, ESPN, Apple, Electronic, Elliott Investment Management, Bloomberg, Mayer Locations: Burbank, Hollywood, Florida's, Iger
Disney taps PepsiCo veteran Johnston as CFO
  + stars: | 2023-11-06 | by ( ) www.reuters.com   time to read: +2 min
A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 6 (Reuters) - Walt Disney (DIS.N) on Monday hired PepsiCo (PEP.O) veteran Hugh Johnston as its chief financial officer, strengthening top boss Bob Iger's hands as he tries to turn around the media giant facing a decline in its cable business and investor pressure. Johnston had also helped guide the Doritos maker through its bitter battle with activist investor Nelson Peltz's Trian Fund Management. At PepsiCo, Johnston will be replaced by Jamie Caulfield, currently CFO at the company's North America business. Johnston will receive an annual base salary of $2 million, Disney said, compared with the $1 million base salary he received at PepsiCo at of the end of 2022, according to a regulatory filing.
Persons: Brendan McDermid, Walt Disney, Hugh Johnston, Bob Iger's, Johnston, Nelson Peltz's, Trian, Michael Ashley Schulman, Christine McCarthy, Jamie Caulfield, Disney, Akash Sriram, Aishwarya Venugopal, Sriraj Organizations: Walt Disney Company, New York Stock Exchange, REUTERS, Monday, PepsiCo, ESPN, Fund Management, Disney, Running, Microsoft, HCA Healthcare, Hollywood, Thomson Locations: New York, U.S, America, Bengaluru
Disney said Monday that Hugh Johnston, longtime chief financial officer of PepsiCo , will join the company as its new CFO, as the entertainment giant contends with a sagging share price and streaming losses. Johnston has spent the last 34 years with PepsiCo, holding various positions at the food and beverage company before becoming CFO in 2010. Johnston, who starts at Disney on Dec. 4, will report directly to CEO Bob Iger. "Very few companies have withstood the test of time that Disney has, making the company as rare as it is special." Disney would like to name an heir apparent to Iger by early 2025, CNBC reported earlier this year.
Persons: Disney, Hugh Johnston, Johnston, Bob Iger, Bob, Christine McCarthy, Tom Staggs, Kevin Mayer, Nelson Peltz, Peltz's, Peltz, Iger Organizations: PepsiCo, Disney, ABC, ESPN, Trian Fund Management, CNBC, CNBC PRO Locations: Disney, Iger
The publisher of Mark Meadows' memoir is suing the former White House chief of staff. All Seasons Press claims that Meadows lied to it and made false claims in his book. AdvertisementAdvertisementNot everyone is happy with Mark Meadows' reported turn against former President Donald Trump. On Friday, All Season Press, the independent publisher of Meadows' memoir, filed suit against the former White House chief of staff alleging he can't have both ways. The suit is notable as up until now Meadows' reported cooperation has not been publicly confirmed.
Persons: Mark Meadows, Meadows, , Donald Trump, Jack Smith, Trump, Biden, Joe Biden, George Terwilliger's, Smith, Robert F, Kennedy Jr, Tucker Carlson Organizations: White House, Seasons Press, Trump, Service, Press, Special, ASP, Democratic, House, CBS, ABC, ABC News, Bloomberg, White Locations: Meadows
Disney has offered Comcast $8.6 billion to take full control of Hulu. AdvertisementAdvertisementDisney has offered to pay $8.6 billion to take full control of Hulu from Comcast, which holds a 33% stake in the streaming platform. Disney regards Hulu as a crucial part of its push to reach wider audiences, The Wall Street Journal reported. Hulu has about 48 million subscribers compared with almost 162 million for Disney+, per Forbes, but is one of the few profitable streaming platforms, alongside Netflix. Hulu is already offered by Disney in a bundle with its Disney+ and ESPN+ streaming services.
Persons: Bob Iger's, , Bob Iger, Iger, Charley Gallay Organizations: Disney, Comcast, Hulu, Service, Street Journal, Forbes, Netflix, ESPN, ABC Locations: Hulu
CBS Archive/Getty Images Woods, 6, sizes up a putt in Los Alamitos, California, in 1982. Getty Images/Getty Images Woods hits a tee shot during the 1995 Walker Cup, an international team event. Alexander Hassenstein/Bongarts/Getty Images Woods plays a shot from the ninth fairway during the 2000 US Open in Pebble Beach, California. David Cannon/Getty Images Woods falls to the ground in pain after hitting a shot at The Barclays in August 2013. Jamie Squire/Getty Images Woods and his son, Charlie, warm up before the final round of the PNC Championship in December 2020.
Persons: Woods, Alan Shipnuck, LIV, ” Shipnuck, ” Bryson DeChambeau, Paul Casey, Crushers, Charles Howell III, Anirban Lahiri, Chris Trotman, “ Tiger’s, “ He’s, he’s, , “ LIV, Greg Norman, Quentin Tarantino, Brooks Koepka, Koepka, David J, Phillip, Mike Douglas, Bob Hope, Jack D, Miller, AP Woods, Rick Dole, Bob Galbraith, David Cannon, Robert Beck, Patrick Murphy, Nike — Woods, Lennox McLendon, Stephen Munday, Earl, Dave Martin, Alexander Hassenstein, Jonathan Ferrey, He's, Andy Lyons, Allsport, Bob May, Fred Vuich, Jack Nicklaus, Nicklaus, Logan Mock, Bunting, Phil Mickelson, Mickelson, Matthew Stockman, Steve Williams, Harry, Williams, Sam, Damian Dovarganes, Rocco, Gary A, Vasquez, Barack Obama, Pete Souza, Stuart Franklin, Elin, Charlie, Ezra Shaw, Eric Gay, Jimmy Fallon, Lloyd Bishop, Arnold Palmer, Chris Condon, Jason Dufner, Lindsey Vonn, Marco Trovati, Lannis, John Amis, Donald Trump, Getty Images Woods, Warren Little, Jamie Squire, Ben Jared, Wally Skalij, Shutterstock Woods, Tiger, Sam Greenwood, Cliff Hawkins, Jonathan Ernst, they’re, Shipnuck, ‘ I’m, Justin Thomas, I’m, , they’ve, what’s, Rory McIlroy, Rory, “ Rory, Bryson DeChambeau, , he’d, DeChambeau, “ Patrick Reed, Sergio García, “ Phil Mickelson, HyFlyers, Suhaimi Abdullah, Jay Monahan, Yasir Al, Rumayyan, Phil Mickelson’s, Jamal Khashoggi, Prince Mohammed bin Salman, Prince, Mohammad Bin Salman, Reed, Garcia Organizations: CNN, CNN Sport, PGA Tour, LIV, Miami, PGA, Saudi, Public Investment Fund, CBS, AP, Tiger, US Junior Amateur, Getty, Los Angeles, Tour, Stanford University, NCAA, Nike —, Las Vegas, Green, Army, Tiger Woods Foundation, Ford, British, Woods Learning, USA, Office, Stanford, NBCU, Bank, Bay, Invitational, Barclays, Trump, Getty Images, PNC, Law, Los Angeles Times, PNC Championship, Hall of Fame, Reuters, HyFlyers GC, Sentosa Golf, European, MBS, Fox News, ” CNN Locations: Los Angeles, Saudi, Delaware, Tiger’s, Los Alamitos , California, Vietnamese, Vietnam, Orange, United States, France, Hamburg, Germany, Pebble Beach , California, St . Andrews, Scotland, Louisville , Kentucky, Fort Bragg , North Carolina, Hoylake, England, Anaheim , California, Woods, Dublin , Ohio, Beaver Creek , Colorado, Atlanta, Rancho Palos Verdes , California, Pacific Palisades , California, Singapore, London, McIroy
Disney 's (DIS) first-ever breakout of ESPN's financials is another key step in CEO Bob Iger's turnaround for the embattled entertainment giant, displaying a stable top line and plenty of room for growth. For the nine months ended July 1, ESPN delivered $12.56 billion in revenue, according to this week's 8K government filing from Disney. The experiences division, which was basically unchanged in Iger's segment overhaul, had $24.39 billion during the first three quarters of fiscal 2023. Growing losses in Disney's linear TV assets may compel the company to sell all or some of them. We'll look for continued improvement when Disney's fiscal fourth-quarter earnings come out next month.
Persons: Bob Iger's, Iger, Disney, Morgan Stanley, Goldman Sachs, Goldman, We're, Jim Cramer's, Jim Cramer, Jim, Gabby Jones Organizations: Disney, ESPN, ABC, CNBC, Penn Entertainment, ESPN Bet, Hulu, Comcast, Pro, Iger, Bloomberg, Getty Locations: Brooklyn, New York
NIAMEY (Reuters) - Niger's junta said on Thursday that it had thwarted an escape attempt by ousted President Mohamed Bazoum who has been imprisoned by the military since a July 26 coup despite international calls for his release. The interim authorities said that Bazoum and his family, with the help of accomplices in the security forces, planned to drive a vehicle to the ouskirts of the capital Niamey and catch a helicopter to neighbouring Nigeria. "The strong reaction of the defense and security forces made it possible to foil this plan to destabilize our country," a military spokesman said on national television. Reuters was not able to confirm the account or reach Bazoum, whose whereabouts are unknown. Bazoum's party and family members say he has had no access to running water, electricity or fresh goods, prompting condemnation from former western allies.
Persons: Mohamed Bazoum, Bazoum, Boureima Balima, Edward McAllister, Diane Craft Organizations: Reuters Locations: NIAMEY, Niamey, Nigeria, West Africa's, Sahel, Mali, Burkina Faso
Oct 16 (Reuters) - Nelson Peltz's activist hedge fund Trian Fund Management has built a stake in Allstate Corp (ALL.N), one of the insurers struggling to cope with the fallout of natural disasters such as the Maui wildfire in Hawaii, people familiar with the matter said. It has blamed natural disasters that are sometimes amplified by climate change for its poor performance. Allstate has hired investment bankers to advise it on how to handle Trian, the sources said. Allstate and Trian did not immediately respond to requests for comment. Trian has previously pushed for change at companies such as Procter & Gamble (PG.N), Unilever (ULVR.L) and Invesco (IVZ.N).
Persons: Nelson, Tom Wilson, Carl Icahn, Matthew, Walt Disney, Bob Iger's, Trian, Svea Herbst, Bayliss, David French, Greg Roumeliotis, Rod Nickel Organizations: Management, Allstate Corp, Allstate, Trian, Insurance, Walt, Procter, Gamble, Unilever, Svea, Thomson Locations: Hawaii, Northbrook , Illinois, New York
Oct 16 (Reuters) - Nelson Peltz's activist hedge fund Trian Fund Management has built a stake in Allstate Corp (ALL.N), one of the insurers struggling to cope with the fallout of natural disasters such as the Maui wildfire in Hawaii, people familiar with the matter said. It has blamed natural disasters that are sometimes amplified by climate change for its poor performance. Allstate has hired investment bankers to advise it on how to handle Trian, the sources said. Allstate and Trian did not immediately respond to requests for comment. Trian has previously pushed for change at companies such as Procter & Gamble (PG.N), Unilever (ULVR.L) and Invesco (IVZ.N).
Persons: Nelson, Tom Wilson, Carl Icahn, Matthew, Walt Disney, Bob Iger's, Trian, Svea Herbst, Bayliss, David French, Greg Roumeliotis, Rod Nickel Organizations: Management, Allstate Corp, Allstate, Trian, Insurance, Walt, Procter, Gamble, Unilever, Svea, Thomson Locations: Hawaii, Northbrook , Illinois, New York
NEW YORK (AP) — Three books that explore and celebrate the diversity of American culture were awarded Kirkus Prizes on Wednesday night, with each winner receiving $50,000. James McBride's “The Heaven & Earth Grocery Store,” a novel set in an eclectic Pennsylvania town in the 1930s, won in the fiction category. The awards were presented by the trade publication Kirkus Reviews. “History and community emerged as central themes in the most outstanding works of literature published this year. Previous winners of the Kirkus Prize, established in 2014, include Hanya Yanagihara's “A Little Life,” Jason Reynolds' “As Brave as You" and Susan Faludi's “In the Darkroom.”Political Cartoons View All 1207 Images
Persons: James McBride's “, , Ariel Aberg, ” Meg Kuehn, ” Jason Reynolds, Susan Faludi's “ Organizations: Kirkus Locations: Pennsylvania
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