Business Highlights: Walt Disney; Inflation – The Associated Press
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Disney posts higher second-quarter earnings, revenue thanks to strong theme parks business
Ongoing strength at its theme parks and an improving streaming business propelled The Walt Disney Co. to higher profits and revenue in its fiscal second quarter. For the three months ended April 1, Disney earned $1.27 billion or 69 cents per share. That compares with $470 million, or 26 cents per share, a year ago. After adjusting for one-time items, Disney earned 93 cents per share, matching industry analysts’ expectations. The entertainment giant has been working on trimming about 7,000 jobs as part of a targeted $5.5 billion cost savings across the company.
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US prices stay high, showing inflation pressures persist
WASHINGTON (AP) — Consumer prices in the United States rose again in April, and measures of underlying inflation stayed high, a sign that further declines in inflation are likely to be slow and bumpy. Prices increased 0.4% from March to April, up from a 0.1% rise from…
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