Tagged: Company coverage

Disney books $5-bln loss in Q2

Disney reported a loss of nearly $5 billion for the second quarter as national lockdowns kept its theme parks closed. Curtis Tate reported the news for USA Today: The Walt Disney Company lost nearly...

Microsoft in talks to buy TikTok

Microsoft is negotiating the purchase of short video service TikTok despite President Trump’s threat to ban TikTok in the U.S. Clare Duffy reported the news for CNN: Microsoft says it is still discussing a...

Apple books higher-than-expected revenue

Apple beat analyst expectations for its latest fiscal quarter, reporting revenues of $59.7 billion. Lisa Eadicicco reported the news for Business Insider: Apple posted revenue of $59.7 billion for its fiscal third quarter, breezing...

GM swings to loss in Q2

General Motors booked a loss of $806 million for the second quarter, suffering the effects of factory closures prompted by the pandemic. Tom Krishner reported the news for the AP: Even though General Motors...

Disney delays blockbusters

Disney has delayed indefinitely the release of Mulan and has moved a couple of other blockbuster hopefuls back. CNN’s Frank Palotta reported: The coronavirus pandemic is now disrupting Disney’s release schedule for the next...