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US and European stock markets up as the week closes

U.S. stocks had a mixed day, but the SP 500 and Dow Jones Industrial Average hit new records, helping Wall Street wrap up the week in the green.Walt Disney’s strong third-quarter profit led the wa

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Disney results beat expectations as streaming offsets park struggles

Disney App on an iPhone, Berlin, Germany. /CFP Walt Disney swung to a surprise profit as "The Mandalorian" and "Soul" helped the company top Wall Street expectations, offsetting the hit to the

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Disney+ has more than 73M subscribers

Disney+, the streaming service that launched one year ago today, grew to 73.7 million paid subscribers as of early October.That’s according to The Walt Disney Company’s fourth quarter ear

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Daily Crunch: Apple introduces the iPhone 12

Apple embraces 5G, Facebook Messenger gets better integrated with Instagram and Kahoot raises $215 million. This is your Daily Crunch for October 13, 2020.The big story: Apple introduces the iPhone 12

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Disney laying off 28,000 theme park workers

00:53 It is one of the world’s favorite theme parks.But not even the Magic Kingdom can ward off the coronavirus. Walt Disney Co. is laying off 28,000 workers at its U.S. theme parks.Mo

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U.S. networks struggle to fill fall TV slots after COVID-19 shutdowns

Reality shows, re-runs and revivals make up most of the television menu this fall as America's top four broadcasters grapple to fill holes in their schedules caused by coronavirus production shutd

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Walmart joins Microsoft bid for TikTok as CEO Kevin Mayer quits

Reuters Walmart Inc said it was joining Microsoft in a bid for the U.S. assets of the Chinese video-sharing app TikTok's, revealing its plans hours after the company's chief executive said he

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Disney+ grows to more than 60.5M subscribers

Disney+ had more than 60.5 million paying subscribers as of yesterday, according to The Walt Disney Company’s CEO Bob Chapek.Chapek shared the number during a call to discuss the company’s

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TikTok considers London and other locations for headquarters

A TikTok logo is displayed on a smartphone in this illustration taken January 6, 2020. /Reuters TikTok has been in discussions with the UK government over the past few months to locate its hea

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Disneyland Paris reopens after four-month closure due to COVID-19

00:55 Disneyland Paris reopened on July 15 after a four-month closure due to COVID-19, but with face masks and social distancing required.A steady stream of visitors trickled in during

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Hit by pandemic, Disney English pulls the plug on business in China

Disney English, the immersive training business for children of the Walt Disney Company, decided not to reopen its operations at its 26 learning centers in China and to cease offering free online

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NBA considers restarting games in Disney World Resort in Florida

The Walt Disney World Resort in Bay Lake and Lake Buena Vista near Orlando, Florida. /VCG The NBA is considering resuming the suspended 2019-20 season at the Disney World Resort in Florida, ac

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Major U.S. companies hit hard in COVID-19

High end retailer Neiman Marcus is expected to file for bankruptcy as soon as this week, and the Walt Disney Co. has stopped paying up to 100,000 employees, as the COVID-19 outbreak continues to r

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Disney parks in U.S. to remain closed "until further notice" amid COVID-19 pandemic

The Walt Disney Co. announced Friday that its theme park resorts in Florida and California will remain closed indefinitely "until further notice" amid the COVID-19 pandemic. "While there is still

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Disney+ India launch postponed

Disney said on Friday that it is postponing the launch of its eponymous streaming service in India, one of the largest entertainment markets, after the biggest local attraction, Indian Premier League

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Roundup: Disneyland, Universal Studios in U.S. to be temporarily closed over COVID-19 concerns

Disneyland and Universal Studios, two of the most visited tourist attractions in Southern California, the United States, will be temporarily closed beginning on Saturday amid coronavirus fears. The

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Applications are open for the latest Disney accelerator program

The Walt Disney Company is now accepting applications for its 2020 Disney Accelerator, the company said today.The accelerator accepts ten growth-stage startups for a three-month mentorship program tha