While you were sleeping Walt Disney, Time Warner gain

Wed, 06 Feb 2013

By Margreet Dietz Feb 7 (BusinessDesk) - Investors applauded the earnings and outlooks of Walt Disney and Time Warner, yet Wall Street failed to find momentum amid renewed concern about Europe's ability to commit to the austerity required to kick-start the region's economy. Shares of Walt Disney gained, last up 1.2 percent to US$54.93 after earlier rising as high as US$55.50, after the company's quarterly profit surpassed expectations and painted a positive picture of its outlook. "We're very pleased with our first-quarter results, which set...

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