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PLAY BEAT THE STREET GAME NOW
Walt Disney Co.DIS has lowered its latest fiscal fourth-quarter earnings after ticket sales for the film Treasure Planet were lower than expected, Bloomberg.com reported. Disney also said federal regulators are investigating its disclosures about outside directors whose relatives had ties to the company. The company said that former U.S. Senator George Mitchell was named presiding director and that the board would meet twice annually without management present, Bloomberg reported. Some investors have raised questions about the board's independence. Treasure Planet flopped over its five-day, Thanksgiving weekend opening, recording ticket sales of $16.6 million, WSJ.com reported. Disney said it must take a $74 million pretax writedown for the fourth quarter of 2002 to reflect a lower book value for the movie. That will reduce net income for the quarter ended Sept. 30 by $47 million, or 2 cents a share. Disney shares closed down 85 cents, or 4.3%, to $18.54 in NYSE trading.
Apple and AT&T were among the most searched stocks on TheStreet.com Friday. Here's what Cramer had to say about them recently.
Catch up on his thinking on the hottest topics of the past week.
Investors will have to deal with a Fed meeting and another flood of earnings and economic data.
Looking for deep value with Defiance Asset Management, polling big investors about where the market's headed, plus much more.
See who made what calls.
3 Stocks I Saw On TVDan Fitzpatrick examines three stocks viewed on Fast Money and Mad Money Today's stocks include Deere & Co., Petrobras and MBIA
TheStreet.com Ratings checks in on First Community Bancorp and First Niagara Financial Group two months after recommending the stock.
Take-Two's latest hit receives a perfect score from industry reviewers.
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