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Friday, October 28, 2011

Takeover Digest - New York Times - Oct 28, (NYSE: DIS)

The New York Times reported the following stories on its business pages on Friday. Reuters has not verified these stories and does not vouch for their accuracy. * Skeptics of efforts by European officials to tackle Greece's debt burden are saying some main elements of the agreement may not be as good as they looked initially.* Officials said a deal in which banks agreed to a 50 percent loss in Greek debt would allow Greece to make reforms without worrying about its debt burden.* After aggressively trying to crack Russia for years, the Walt Disney Co agreed to purchase 49 percent of a television channel in Russia.* U.S. gross domestic product grew at a 2.5 percent annual rate in the third quarter, an improvement but not enough to recover ground lost during the recession.

The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company. Shares of DIS traded higher by 3.14% or $1.1/share to $36.15. In the past year, the shares have traded as low as $28.99 and as high as $44.34. On average, 15552200 shares of DIS exchange hands on a given day and today's volume is recorded at 11320807.



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