The results were announced a week after Disney said it would buy Lucasfilm Ltd. and revive the "Star Wars" franchise with a new trilogy starting in 2015.
Net income in the three months to Sept. 29 rose to $1.24 billion, or 68 cents per share, from $1.09 billion, or 58 cents per share, a year ago.
Wal-Mart raises stake for holiday season's startNEW YORK (AP) â¿¿ Attention, frustrated Black Friday shoppers who can never grab that hot product: Wal-Mart is hoping to relieve some of your anxiety. The world's largest retailer is throwing its doors open at 8 p.m. on Thanksgiving Day, two hours earlier than a year ago. It's also guaranteeing shoppers that it will have three of the most popular items it sells if they line up inside the store during a one-hour event that day. Those who are lined up inside the store between 10 p.m. and 11 p.m. on Thanksgiving will be able to purchase the following items: an Apple iPad 2 with Wi-Fi for $399 plus a $74 Wal-Mart gift card; an Emerson 32-inch LCD TV for $148, marked down from $228; and an LG Blu-ray Disc player for $38, about half off the original price. ___ Priceline to acquire Kayak in $1.8 billion deal NORWALK, Conn. (AP) â¿¿ Priceline.com Inc. plans to buy online travel-research company Kayak Software Corp. for $1.8 billion to expand its travel business. Priceline will pay about $500 million in cash and $1.3 billion in stock and assumed options. The deal values Kayak at $40 a share, a 29 percent premium over its closing price Thursday. Shares of Kayak â¿¿ which also reported a 78 percent jump in third-quarter earnings â¿¿ soared in after-hours trading while Priceline shares fell. ___ By The Associated Press(equals) The Dow closed down 121.41 points to 12,811.32. The Standard and Poor's 500 index fell 17.02 points to 1,377.51 and the Nasdaq composite slipped 41.70 to 2,895.58.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts