Disney Tops Profit Estimates, Seeks Extra $2 Billion in Cost Savings
(Bloomberg) -- Walt Disney Co., embroiled in another fight with activist investor Nelson Peltz, posted fourth-quarter profit that beat analysts’ expectations and said it will cut an additional $2 billion in expenses. Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’US 30-Year Mortgage Rate Tumbles by Most in More Than a YearVIX Notches Its Longest Slide Since October 2015: Markets WrapVirginia Democrats Fend Off Republican Sweep in Win for Abortion RightsA