Walt Disney News
Fears over Ukraine subsided by the second trading day and the blue chip index chalked up gains over the next few sessions
Holding back the Dow today is Walt Disney (NYSE:DIS), which is lagging the broader Dow index with a 97-cent decline (-1.2%) bringing the stock to $82.37.
With the recent price hike and ongoing development, Disney's theme parks division could boost shareholder returns.
Trade-Ideas LLC identified Walt Disney (DIS) as a new lifetime high candidate
LOS ANGELES/SAN FRANCISCO (Reuters) - Walt Disney overhauled its struggling interactive division in a sweeping reorganization that will reduce the number of video games it develops and alter its advertising strategy to focus more on the fast-changing mobile market. As part of the revamp, Disney will lay off 700 employees, roughly one-quarter of the interactive division, according to a person with knowledge of the layoffs. A Disney spokeswoman would not confirm the number. Disney's games and online division has for years been a persistent money loser and a small but significant drag on a corporate empire that spans movie-making and television to cable network ESPN, theme parks and cruise lines.