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BENGALURU: Walt Disney Co said it would layoff 32,000 workers, primarily at its theme parks, an increase from the 28,000 it announced in September as the company struggles with limited customers due to the coronavirus pandemic.
NEW YORK: The S&P 500 notched a record closing high on Friday with upbeat earnings reports helping to drive optimism about the economy along with hopes for successful Covid-19 vaccines, even as investors monitored a surge in virus cases and restrictions around the country.
BENGALURU: Walt Disney Co's rapidly growing streaming video business and a partial recovery at its theme parks gave investors fresh hope on Thursday that the entertainment company had made it through the worst of the coronavirus pandemic.
LOS ANGELES: Wall Street is betting on a defeat for President Trump, as big media and tech stocks rose on Election Day in anticipation of Democratic nominee Joe Biden taking the White House.
The past few months has been such a dynamic time for this industry that it was a challenge to keep up with all the executive moves for women on this year's report.
LOS ANGELES: Officials in California, home to Walt Disney Co's Disneyland, on Tuesday pushed the reopening of large theme parks months down the road, drawing outrage from the industry, which predicted the loss of thousands more jobs.
LONDON: The outgoing boss of Pearson hailed the success on Wednesday of his lengthy and often painful battle to rebuild the education group for a digital generation after Covid-19 accelerated the switch to online learning.
TOKYO/WASHINGTON: U.S. stock futures extended losses on Friday after President Donald Trump said he and his wife had tested positive for the coronavirus, weeks ahead of elections.
THE post-Covid-19 “return to normal” that Americans long for is far enough away that not even a company built on dreams can see it. Walt Disney Co on Tuesday said it will let go of an astonishing 28,000 employees
LOS ANGELES: Walt Disney Co said on Tuesday it will lay off roughly 28,000 employees, mostly at its U.S. theme parks, where attendance has been crushed by the coronavirus pandemic, especially in California where Disneyland remains closed.