Beyond the closure of California theme parks, Disney also suffered “significant disruption” in the production and availability of programming material due to the #coronavirus pandemic.
Coronavirus Outbreak: Disney faces profit cuts worth $1.4 bn, says Shanghai amusement park to open on 11 May
The Chinese government has asked Disney to cap attendance at 30 percent of capacity, or roughly 24,000 people due to the coronavirus pandemic
Airlines are battling tough business conditions amid rising fuel prices, rupee depreciation and intense competition.
Persistent rise in bond yields is likely to shave Rs 30,500 crore from the banks' balance-sheets in the current financial year, with state-run lenders being the worst hit, warns a India Ratings report
A lifeline for Snapdeal amid layoffs, mounting losses, exits; etailer to get $100-150 mn funding from SoftBank
The latest fund raising exercise could crimp the company's valuation to below $3 billion
The widespread damage due to the violent protests over the Cauvery dispute has caused Karnataka to suffer a loss of Rs 22,000-25,000 besides denting the image of the state capital as India's Silicon Valley, industry chamber Assocham said on Tuesday.
Oil exporting countries in the Middle East lost a staggering USD 390 billion in revenue due to lower oil prices last year, and should brace for even deeper losses of more than USD 500 billion this year, the International Monetary Fund said today.
SpiceJet said on Thursday it made a loss of Rs 275 crore ($44.2 million) in the last three months of 2014, after the airline was forced to cut the size of its fleet and cancel contracts to stay afloat.
Will the promoters, the Marans, decide to pump in more money into the cash-strapped airline? Or will they announce the status of talks with any potential investor? Because if neither decision is taken, then it only means the Marans will let the airline struggle with mounting dues, exhortations from multiple lenders and dwindling prospects of any revival.
The airline's comments camea day after civil aviation minister A Gajapathi Raju spoke about about the heightened surveillance of SpiceJet flights by theDGCA on account ofof safety concerns.<br />
As many as 54 SpiceJet pilots of the over 125 pilots who have quit the airline have already applied for a jobs in the two major airlines -- Jet Airways and IndiGo.
For SpiceJet , it couldn't have come at a worse time as it has been forced to cancel flights due to a shortage of aircraft and is in urgent need of a capital infusion to stay afloat.<br />
Budget airline SpiceJet has said that payment of salaries to employees was delayed but promised it wouldn't happen again.
Two things are clear: SpiceJet will continue with its strategy of deep discounts to attract flyers and unless it gets recapitalized, a turnaround is far off.
The airline has reported 5th straight quarter of net losses for the July-September period.
The watchmaker was set up to compete against the Swiss watch industry and at one point was the dominant watch manufacturer in the country.
Anti-government protests in Pakistan have hampered growth with authorities estimating Rs 547 billion losses to the economy and Rs 5 million worth damage to public property, according to a media report.
In 2012-13, MTNL recorded a net loss of Rs 5,321.12 crore on annual revenue of Rs 3,428.6 crore.<br /> BSNL losses, as per unaudited results, stood at Rs 8,198 crore for 2012-13.
Total post-tax losses at the indebted airline, however, came in at Rs 5380 crore, down slightly from a year earlier.<br />
Sony Entertainment, the movie and music arm of Sony Corp., is looking to cut at least $100 million in costs and has hired consulting firm Bain & Co. to conduct a review of its operation