The Walt Disney Company, together with its subsidiaries, is a worldwide entertainment company diversified across five business segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive Media. In terms of employment, the Company has approximately 144,000 people on its payroll as of October 3, 2009.
On July 26 2013, the company’s stock price decreased to $47.2, falling by 27%. It was the most significant decline in company’s stock price since July 21, 2005. This came after the company’s has surged to all time high in February as a result of its four year rapid growth. The company lost more than $2 billion of market value on the day of its earnings announcement of second quarter and the stock has now fallen into S&P 500 worst performer category.
Cisco Systems recently made an announcement about the acquisition of Sourcefire, a leader in intelligent cyber security solutions. The announcement stipulated that Cisco pay $76 cash per share of Sourcefire, suggesting a company valuation of $2.7 billion. The offer price is 29% higher relative to Monday’s closing price. The agreement will allow the companies to synergize their products, technologies and research teams to develop and provide advanced protection across the entire attack continuum. Currently, Sourcefire has 650 employees on its payroll.
American Express Company is a global services company that provides customers with access to products, insights and experiences that enrich lives and build business success. Its principal products and services are charge and credit payment card products as well as travel-related services offered to consumers and businesses around the world.
Boeing’s (BA) 2nd quarter airplane deliveries were up 19 units to 169 airplanes, an increase from 150 in the preceding year, as the company rapidly hiked its production rate and once again resumed 787 deliveries. On the negative side, a slowdown in the company’s military business because of government austerity will in part negate the company’s success in commercial aviation.
Over the past year, the American Express Company stock has shown a capital appreciation of 31.18%. American Express’ net income witnessed a growth of 5% in the latest quarter, driven by increased cardholder spending and the consequent revenue boost for the card-issuing company.