By Charles Margolis:
I hope we never lose sight of one thing: it was all started by a mouse. - Walt Disney (October 1954)
Walt Disney Company (DIS) stock is up 50 percent since last October's 52 week low of 29.00 dollars a share. The company reports earnings Tuesday, May 8th 2012.
Space Mountain at Walt Disney World in Orlando is one of the most nostalgic rides in America. Originally conceived by Walt Disney himself, the project was put on hold indefinitely after his death in 1966. The attraction was eventually given the green light in the '70s, and astronaut Gordon Cooper joined the creative team to help make the roller coaster seem more like an actual space flight.
ByFusion Research:Walt Disney (DIS), the largest operator of theme parks and resorts and owner of ESPN, reported total revenue of $11.58 billion up 4% from the previous year in its third-quarter results.
1. The Federal Reserve upgraded its assessment of the labor market in its statement at the end of last month. It noted that the "under-utilization of labor resources was gradually diminishing". There was nothing in the October jobs report that will challenge that assessment. The Fed's new labor market conditions index will be released at the start of the week and the JOLTS report on Thursday.
Vice Media is reportedly selling 10% of itself to A&E Television Networks, a deal that values the digital media company at around $2.5 billion. The deal is expected to be announced sometime during the coming week.
A&E, jointly owned by Hearst Corporation and The Walt Disney Company (DIS), will be investing $250 million in the digital media firm, according to the Financial Times.