Walt Disney revealed stronger-than-expected fiscal Q1 results as the entertainment giant enjoyed higher traffic at its amusement parks and continued sales stemming from hit movie ‘Frozen.’

Amazon revealed quarterly profits that zoomed by Wall Street’s estimates, sending shares of the e-commerce heavyweight rallying.

AT&T Inc said it expected to record charges of about $10 billion for the fourth quarter but the non-cash losses would not affect operating results. The biggest U.S. telephone company said it would take …

Shares of Disney, which have hit record levels as the company consistently beat forecasts in recent quarters, dropped 2.5 percent in after-hours trading on Thursday. With the TV landscape rocked by a wave of new online viewing options, Chief Executive Bob Iger bucked the trend and insisted Disney would not rush to offer standalone subscriptions […]

MasterCard followed large rival Visa Inc in reporting an increase in cross-border transactions, which had taken a hit in the preceding quarter following Russian sanctions and a strengthening U.S. Visa’s shares were up as much 9.4 percent, single-handedly powering the Dow Jones Industrial Average to positive territory. The company reported a better-than-expected adjusted quarterly profit […]

Citigroup, which reported a better-than-expected 13 percent rise in adjusted third-quarter net profit, is returning to an earlier structure of concentrating its extensive global reach on business clients by pruning its consumer businesses worldwide. Citigroup’s shares rose 3.3 percent to $51.52 in early trading on Tuesday. The latest exits will bring down to 24 the […]

Japan’s SoftBank Corp said it expected a gain of about 500 billion yen ($4.6 billion) from Alibaba Group Holding’s share listing in New York, where the Chinese e-commerce leader surged 38 percent on its first day of trade. SoftBank CEO Masayoshi Son also told CNBC that he would want to own more of Alibaba, although […]

Israel has been presented with a hefty bill for 50 days of war in Gaza, as the prime minister, Binyamin Netanyahu, moved to slash government spending by 2% this year to offset the $2.52 bn (£1.51bn) cost of the conflict.

Chief Executive Officer Larry Page is adding new features in mobile, video and Web services to boost user traffic and attract marketers as he seeks to bolster Google’s main ad business. As a result, the number of clicks on ads on YouTube, search and other Google sites increased 33 percent in the latest quarter, making […]

WASHINGTON (Reuters) – International Business Machines Corp reported higher than expected quarterly revenue, as it continued to divest low performing sectors and shift to higher-end businesses such as …