Disney Is Upbeat Despite Economyâs Troubles
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Disney posted a quarterly profit far ahead of Wall Street targets on strong results at its theme park, media and consumer products groups, sending shares up 5 percent.
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Walt Disney Co. sees improved  margins at its theme parks and better profitability at its film  division in fiscal 2007, its chief financial officer said on  Tuesday.
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Walt Disney Co.  Chief  Financial Officer Tom Staggs said current bookings for travel  to its domestic theme parks were up about three percent  compared to the same point one year ago.
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Shares in theme park Euro Disney rallied strongly by 9.38 percent in early trading on Wednesday in relief that a roller-coaster ride to obtain creditor backing for rescue refinancing had ended safely.
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Analysts expect continued growth despite a tough environment.
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Despite short-term woes, Home Depot's still going strong.
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Walt Disney Co. posted an unexpected rise in quarterly earnings on Monday as theme parks and media networks units showed improvement.
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Bullish economic outlooks encourage investors.
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Small and mid-sized companies are  optimistic about the U.S. economy&#39;s prospects in 2007 on the  back of brisk first-quarter sales and increased revenue,  according to a survey released on Tuesday.
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Walt Disney posted a quarterly profit far ahead of Wall Street targets on strong results at its theme park, media and consumer products groups, sending shares up 5 percent.
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The labor market is holding steady, businesses are rebuilding inventories and the consumer is still spending, all signs pointing to stronger economic growth in the latter part of this year.
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Quarterly results suggest conditions may not be as grim as initially thought for the cruise company.
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Jobs report shows robust economy in June.
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Walt Disney Co.  Chief Financial Officer Tom Staggs said current bookings for travel to its domestic theme parks were up about three percent compared to the same point one year ago.
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Investors have become downright optimistic in recent weeks, thanks in part to an avalanche of solid earnings reports and economic data.
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Investors welcomed an upbeat profit report from Wal-Mart as a sign that consumers might not be as afraid of spending as the market has feared.
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NEW YORK  - While fans of Michael  Eisner argue that his 20-year legacy of continued financial and  stock growth at the Walt Disney Co. is a strong achievement,  Wall Street observers say his record is more mixed.