Disney plans to cut 7,000 jobs and slash $5.5 billion in costs as part of a major reorganization that puts a greater emphasis on sports media. In his first earnings call since returning as CEO, Robert Iger outlined plans for significant changes to the company’s slate of movies and TV shows, and possible changes in pricing for the company’s streaming video services.
LeBron James’ move to the top of the NBA’s all-time scoring list has again sparked debate about the Greatest of All Time…James, Kareem Abdul-Jabbar, Michael Jordan? The question may never be settled, but it’s clear who the greatest EARNER of all time is…Jordan, by a lot. Forbes says Jordan is worth $1.7 billion, compared to James’ $1 billion. Most of Jordan’s money has come from his Nike deal.
Futures are higher after stocks closed lower yesterday. The Dow Industrials fell 207, the Nasdaq lost 203 and the S&P 500 dropped 46.
