The Walt Disney company logo is displayed on the floor of the New York Stock Exchange during morning trading on Dec. 1, 2023.Michael M. Santiago | Getty ImagesProxy advisory firm Institutional Shareholder Services on Thursday recommended that Walt Disney shareholders elect activist investor Nelson Peltz to the board in...
The IM-1 lander "Odysseus" in lunar orbit on Feb. 21, 2024.Intuitive MachinesIntuitive Machines is building on the successes of its inaugural moon mission, reporting fourth-quarter results on Thursday and saying it now has "sufficient capital for the near term."The lunar company revealed that its cash balance at the end...
The expense management arena is a crowded one, with well-funded players such as Brex, Ramp and Navan all clamoring for market share. Those companies are generally focused on tech startups and large corporations. But a four-year-old contender, Coast, is pursuing a different type of customer — businesses with so-called “real-world”...
A "Sale Pending" sign in front of a home in Pinole, California, US, on Tuesday, Dec. 26, 2023.David Paul Morris | Bloomberg | Getty ImagesSales of existing homes surged 9.5% in February from January to 4.38 million units, on a seasonally adjusted annualized basis, according to the National Association...
Check out the companies making the biggest moves in premarket trading: Micron — Shares popped 16.5% after the semiconductor manufacturer's fiscal second-quarter earnings and revenue beat analyst estimates. Micron posted earnings of 42 cents per share on $5.82 billion of revenue, higher than the loss of 25 cents per...
A Ruth's Steak House restaurant on May 03, 2023 in Miami, Florida. Darden Restaurants said Wednesday it is buying Ruth’s Hospitality Group, the parent company of Ruth’s Chris Steak House, for $715 million. Joe Raedle | Getty ImagesDarden Restaurants on Thursday reported mixed quarterly results as the Olive Garden owner's...
Disney's ESPN is at a crossroads.For more than 40 years, the world's largest all-sports network has grown annual revenue by increasing cable subscription fees. ESPN first charged pay-TV distributors less than $1 per month per subscriber in the 1980s. In 2023, ESPN's monthly carriage fee was $9.42 per subscriber,...