Third Point unveils nearly $1 billion stake in Disney, pushes for changes

Aug 15 (Reuters) – Hedge fund Third Point on Monday unveiled a nearly $1 billion stake in The Walt Disney Company. (DIS.N) She said she plans to push the media company to make a series of changes, from breaking up cable sports channel ESPN to buying back shares and adding new board members. Billionaire investor … Read more

Disney beats Netflix in streaming subscribers, sets higher prices

A smartphone screen showing the “Disney +” logo in front of the phrase “The Streaming Service” in this illustration taken on March 24, 2020. REUTERS / Dado Ruvic Register now to get free unlimited access to Reuters.com Register Los Angeles (Reuters) – The Walt Disney Company (DIS.N) Beat Netflix Inc (NFLX.O) With a total of … Read more

Berkshire Hathaway lost $43.8 billion. Operating results improve

Berkshire Hathaway Chairman Warren Buffett walks into the exhibition hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. REUTERS/Scott Morgan // File Photo Register now to get free unlimited access to Reuters.com Register Aug 6 (Reuters) – A slump in … Read more

Wall Street closed mixed as investors eye jobs data

Indices: Dow Jones shed 0.26%, Standard & Poor’s shed 0.08%, Nasdaq shed 0.41%. Energy stocks fall as oil drops to pre-war level in Ukraine Eyes on Friday’s Non-Farm Payrolls Report (Reuters) – Wall Street’s main indexes closed mixed in a dull session on Thursday as gains in high-growth stocks offset losses in energy stocks, as … Read more

Facebook’s parent company Meta is preparing to raise $10 billion from bond sources for the first time

The logo of the Meta platforms is seen in Davos, Switzerland, May 22, 2022. Photo taken May 22, 2022. REUTERS/Arnd Wiegmann // File Photo Register now to get free unlimited access to Reuters.com Register Aug 4 (Reuters) – Meta Platforms Inc (META.O) It is set to raise $10 billion in its first bond offering on … Read more