Walt Disney Co’s quarterly revenue fell short of Wall Street’s expectations after the movie studio put in a poor showing, but profit grew at a faster-than-expected 12 percent clip as media networks and theme parks held strong in an uncertain economy.
Archive for February 7th, 2012
U.S. stocks switch course as Fed chief Ben Bernanke addresses lawmakers and as Greece reportedly nears consensus on budget cuts needed to secure further rescue funds.
A look at Nasdaq 10 most-active stocks at 1 p.m.: BioSante Pharm fell 14.3 percent to $.90 with 20,865,300 shares traded.
Citi Investment Research analysts said Tuesday that CVS Caremark Corp. and some smaller pharmacy benefits management companies should benefit in 2012 and 2013 from the split between Walgreen Co. and leading PBM Express Scripts Inc.
Stocks rose slightly on Tuesday, but with the outcome of discussions on a bailout package for Greece uncertain, investors are unlikely to make big bets in coming days.
Stocks resumed their slow but steady climb Tuesday as Greece appeared close to announcing a deal with creditors to cut its debt. The Dow Jones industrial average ended at its highest level since May 2008.
Tuesday 21.10 GMT. Global stocks resumed gains after a pause on Monday, led by advances in companies such as Coca-Cola (NYSE:KO – News) and Yum! Brands, which reported results that beat analysts’ expectations….
Stocks Gain In Higher Trade; Buffalo Jumps After Hours
Walt Disney Co reported a quarterly revenue increase that fell short of Wall Street expectations as media networks and theme parks gained but revenue at its movie studio declined.
Stocks Rise On U.S. Jobs Data, Greek Debt Progress