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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.
LOS ANGELES: The complex wrangling over what happens next to TikTok -- which has become a geopolitical football punted around by the Trump administration -- continues apace.
ABOUT three years ago, Reed Hastings set out to answer a question that had bedeviled Hollywood for the past decade: How did a small DVD-by-mail company build the most popular TV service in the world?
LONDON: Pearson Plc has named former Walt Disney Co executive Andy Bird as its next chief executive officer (CEO) to guide the education company out of a long slump that led to a string of profit warnings.
MUMBAI: Investors are piling into multiplex operators’ stocks in India despite the box office window being shut for four months, hoping that cost cuts and sufficient liquidity will aid the companies to ride through the disruption.
BENGALURU: U.S. companies whose fortunes are linked to China are pushing back against the Trump administration's plans to restrict business transactions involving Tencent Holdings Ltd's WeChat app, the Wall Street Journal reported on Thursday.
LOS ANGELES: Could a Twitter-TikTok tie-up transpire?
NEW YORK: Wall Street ended higher after a choppy session on Tuesday, lifted by Apple and energy stocks but limited by declines in AIG and Microsoft while investors awaited more U.S. government stimulus to fight economic fallout from the COVID-19 pandemic.