Disney shares slammed after results miss expectations

Date: Tue, 03 Feb 2009 17:02:01 -0500

Disney shares slammed after results miss expectations

Walt Disney Co. shares are hit hard late after the media giant's
quarterly earnings and revenue come in lighter than expected by Wall
Street.

ELECTRONIC ARTS TO LAY OFF 1,100 AS NET LOSSES GROW
Electronic Arts Inc. said Tuesday that net losses slid deeper in its
third fiscal quarter as video game sales for the crucial holiday
period came in below expectations.

POOR U.S. CAR SALES COULD SIGNAL START OF A BOTTOM FOR
INVESTORS

While January's car sales prove just as awful as expected, and in some
cases worse, the fact they seem to be stabilizing -- albeit at an
awful rate -- couldbe a positive for an equities market looking for a
floor.

DETROIT TRIO POST SALES DECLINES OF MORE THAN 40% IN JANUARY

Ford Motor Co. reports a 42.1% drop in January U.S. sales, pinning the
blame on a big pullback from its fleet customers and saying its retail
business has. stabilized since the swift retreat last fall.

AMAZON KINDLE A BIG SELLER IN 2008, ANALYSTS SAY

Amazon.com has steadfastly refused to disclose details on the sales of
its popular e-book reader known as the Kindle, which hasn't stopped
Wall Street analysts from trying to pinpoint the number anyway.