A full-floor residence at the troubled supertall 432 Park Avenue, previously owned by developer Harry Macklowe, has sold for over $50 million following a foreclosure, as the building grapples with lawsuits over alleged structural defects.
A record-breaking cold snap transforms Orlando's iconic theme parks, with fountains freezing and icicles forming on attractions from Epcot to the new Epic Universe, prompting operational adjustments.
A male tourist in his 60s was killed in a violent encounter with a wild bull elephant, marking the third confirmed fatality linked to the same animal. Park authorities are now weighing intervention options as human-wildlife conflict escalates.
Disney's first-quarter earnings call highlighted a landmark $10 billion in Parks revenue and strong film performance, while the looming CEO succession question lingered in the background.
Sources indicate Disney's board is finalizing plans to appoint theme parks chairman Josh D’Amaro as the company's next chief executive, concluding a lengthy succession search. The move would place the profitable parks division veteran at the helm of the global entertainment giant.
Disney shares fell sharply after the company flagged weakening attendance from overseas guests at its U.S. theme parks, a crucial profit driver, alongside softer results in its TV and film division. The dip comes amid a broader slowdown in travel to the United States and as the entertainment giant prepares for a pivotal CEO transition.
Despite posting record earnings in its theme parks division, The Walt Disney Company saw its shares tumble sharply following its Q1 FY2026 report, as investor concerns over streaming profitability and rising costs overshadowed the success of its Experiences business.
Disney executives detailed a robust start to fiscal 2026, driven by record-breaking animated films, a return to streaming profitability, and major investments in theme parks and AI-powered content. The company signals confidence across its interconnected portfolio.
The Walt Disney Company posted a mixed fiscal first quarter, with its Experiences division reaching an unprecedented $10 billion in revenue. While streaming profits soared, a warning of softening U.S. park demand and a looming CEO transition cast a shadow over the results.
As Bob Iger prepares to step down, he highlights a 'healthy competition' between Disney's resurgent parks and its entertainment division to become the company's primary profit driver, with the board close to naming his successor.
The Walt Disney Company surpassed Wall Street's revenue and earnings expectations for its fiscal first quarter, powered by strength in its streaming services and theme parks. The media giant reaffirmed its full-year forecast for double-digit profit growth, signaling confidence in its ongoing strategic transformation.
Disney's theme parks and cruise lines delivered a historic $10 billion quarter, driving overall revenue past expectations. However, surging costs across its media and sports divisions squeezed profits as the entertainment giant nears a decision on its next chief executive.
Despite a robust 57% return over three years, a deep dive into Warby Parker's financials reveals a significant disconnect between its current share price and intrinsic value estimates, raising questions about its growth trajectory justifying the premium.
The Walt Disney Company reported a 5% rise in fiscal first-quarter revenue to $26 billion, fueled by its theme parks and streaming services. However, operating profit fell 9% as challenges in its traditional TV business and rising costs offset gains.
With Bob Iger's anticipated departure, Disney's board prepares to select a new CEO amid investor scrutiny over the company's strategic direction and recent stock performance. The decision is poised to shape priorities for its streaming services, theme parks, and content slate.
An unprecedented potato harvest in Germany has led to a wave of grassroots initiatives, with farmers distributing millions of surplus potatoes for free in Berlin, sparking community spirit and a debate on food waste and market impacts.
The Walt Disney Company's board is reportedly finalizing its choice for the next chief executive, with Josh D’Amaro, the chairman of its highly profitable parks and experiences division, poised to take the helm. The decision would conclude a lengthy succession search and mark a pivotal leadership transition for the global entertainment giant.
Parker-Hannifin (PH) exceeded Q4 2025 revenue and profit expectations, driven by margin expansion and its recent Filtration Group purchase. The industrial giant has raised its full-year guidance, citing strength in aerospace and a recovering industrial landscape.
Parker-Hannifin posts record-breaking Q2 fiscal 2026 results, fueled by robust organic growth and margin expansion, particularly in aerospace. The industrial giant raises full-year guidance and details strategic progress on its planned acquisition of Filtration Group Corporation.
Walt Disney Company reports 'headwinds' in foreign visitor numbers at its American resorts, mirroring a broader downturn in U.S. international tourism driven by geopolitical perceptions and shifting travel preferences.
