Disney Ousts Bob Chapek, Robert Iger Returns as CEO

Business Iger returns to the entertainment company he left only late last year

Disney overtook Netflix as the streaming leader, and is expected to widen the lead

Walt Disney Co. displaced Netflix Inc. as king of the video-streaming market, and it is expected to widen the gap. Disney DIS, +0.33% seized the mantle three months ago as its potent content troika of Disney+, Hulu and ESPN+ reached 221 million customers, edging Netflix’s 220 million subscribers. Analysts expect Disney to report more than … Read more

Fed Chief Talks Tough on Inflation. There’s More Pain Ahead for the Stock Market.

From left: Fed officials Jerome Powell, Lael Brainard, and John Williams ponder the great outdoors during a break at the economic symposium at Jackson Hole. David Paul Morris/Bloomberg Text size Grand Teton National Park has a stark warning for visitors to the Wyoming mountain oasis. “Bears are active,” it says on its website. “Travel in … Read more

Disney, Coinbase, BioNTech, Rivian, and Other Stocks to Watch This Week

Text size Second-quarter earnings season continues this week, while a pair of July inflation figures and consumer sentiment surveys will be the highlights on the economic-data calendar. On Monday, Tyson Foods , BioNTech , AIG, and Take-Two Interactive Software will report. Coinbase Global, Norwegian Cruise Line Holdings , Sysco , and Ralph Lauren go on … Read more

AT&T, Verizon, and T-Mobile Earnings Are Coming. What to Expect.

AT&T is among the big telecoms reporting earnings this week. Stefani Reynolds / AFP via Getty Images Text size Telecom stocks have been a haven in 2022, with the big U.S. companies leading the market after a challenging 2021 performance. Second-quarter earnings season will be the next test for the group. AT&T (ticker: T) and … Read more

AT&T Stock Rises After Completion of WarnerMedia Spinoff

Text size AT&T has completed the spinoff of WarnerMedia. Justin Sullivan/Getty Images AT&T wrapped up its WarnerMedia spinoff late last week, and the stock was rising on Monday. The stock jumped 8%, to $19.67. AT&T (ticker: T) in February decided to structure WarnerMedia’s divestiture as a spinoff instead of a split-off, or exchange. A split-off … Read more

AT&T Boss Sees Room to Raise Prices, Cut Costs After Media Exit

AT&T Inc. Chief Executive Officer John Stankey says inflation could prompt the wireless and broadband company to raise prices for some core services while it continues to cut costs after getting out of the media business. The company on Friday completed the planned separation of its film-and-TV empire into a new publicly traded company called … Read more

What AT&T Is Giving Investors in WarnerMedia Spinoff⁠ and How It Will Work

Text size Justin Sullivan/Getty Images This article originally appeared on MarketWatch. AT&T Inc. detailed its plans for the spinoff of WarnerMedia on Friday, with investors eventually expected to receive a share of the new streaming-media entity for every four AT&T shares they own. AT&T  (ticker: T) is in the process of spinning off its WarnerMedia business in … Read more

Here is what AT&T is giving investors in WarnerMedia spinoff, and how it will work

AT&T Inc. detailed its plans for the spinoff of WarnerMedia on Friday, with investors eventually expected to receive a share of the new streaming-media entity for every four AT&T shares they own. AT&T T, +2.19% is in the process of spinning off its WarnerMedia business in a combination with Discovery Inc. DISCA, +0.85%, which executives … Read more

ViacomCBS Is Changing Its Name. More Subscribers Joined, but at a Cost.

Text size ViacomCBS is changing its name to Paramount Global. Dreamstime ViacomCBS reported a very solid quarter of streaming-subscriber gains on Tuesday, but that growth didn’t come cheaply. The company ramped up spending on content and marketing for its Paramount+ and other services, depressing profits in the fourth quarter. Legacy TV and advertising businesses plugged … Read more