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Economic downturn hits Disney, shares slide

LOS ANGELES, Nov. 6, 2008 (Reuters) — The global economic downturn hit Walt Disney Co's quarterly results harder and faster than Wall Street expected, with the company on Thursday reporting a sharp decline in hotel bookings and softness in advertising revenue at its networks. ...  > full story

Weekly gasoline price price lowest since Feb '07: EIA

WASHINGTON, Nov. 3, 2008 (Reuters) — U.S. retail gasoline prices declined in the latest week, the government reported on Monday, making prices at the pump on the eve of the presidential election the lowest since February 2007. ...  > full story
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Related Articles

  • Iger: Disney DVDs Buck Industry Softness
    Nov. 6, 2008 (Home Media Magazine) — Bob Iger, president and CEO of The Walt Disney Co., remained bullish on home entertainment despite a 42% drop in its studio entertainment's fourth ...
  • Disney earnings disappoint
    Nov. 6, 2008 (Monsters and Critics) — The gloomy economy has cast a financial evil spell even over Disney's magic kingdom. . . . . . The entertainment giant reported Thursday that ...
  • Walt Disney (DIS) Slumps After Soft Q4 Results
    Nov. 6, 2008 (StreetInsider) — Shares of leading media company Walt Disney (NYSE: DIS) is down nearly 6% in after-hours action after reporting disappointing fourth quarter ...
  • Disney reports 13% drop in 3Q profit
    Nov. 6, 2008 (BizJournals) — Walt Disney Co. reported a 13 percent drop in profit during the third quarter compared to the same period in 2007, as the entertainment industry ...

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