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Disney Sees Profits Increase
Despite Walt Disney's increase in profit, the stock went down in trading.
February 8, 2012- Walt Disney Co., the largest entertainment company in the U.S. in market value announced that its profits had increased by 12% due to growth in ESPN and other U.S. entertainment resorts.
Net income for the company increased to $1.45 billion representing $0.80 per share from the $1.3 billion and $0.68 per share recorded in the same quarter a year ago. Profits were more than analysts’ estimates that were...
Bi-Lo Buys Winn-Dixie Supermarkets
U.S. supermarket chain Bi-Lo has bought competitor Winn-Dixie.
December 20, 2011- The Winn-Dixie supermarket chain has been sold to Bi-Lo LLC for over $530 million. The sale will create one of the largest grocery chains in the South. Winn-Dixie stores are doubled the number of Bi-Lo. After the announcement was made on Monday, the stock for Winn-Dixie jumped by more than 70%. The company has had its share of struggles of recent. In 2005, the company declared bankruptcy but in recent years has been...
McDonalds Stock Up Close To 25% In 2011
McDonald’s line of McCafe coffees is helping the company to record sales.
December 7, 2011- McDonald’s took a huge gamble in investing in Europe at what many may have felt was the worst possible time to do so. However, thus far in 2011 over 40% of the company’s sales have come from the continent. That has helped it to become one of Wall Street’s best stocks for the year. The stock is up close to 25% on the year.
IBM is the only stock in the 30 Dow Industrial stocks that has done better than...