Latest in Corporate Affairs

Disney is extending the shutdown of its U.S. theme parks in Anaheim and Orlando, saying Friday that Disneyland Resort and Walt Disney World Resort will remain closed until further notice. It also said it would “extend paying hourly parks and resorts cast members through April 18.” “While there is still much…

Universal Studios Hollywood and Universal Orlando Resort on Tuesday extended their closures in response to growing restrictions to fight the coronavirus pandemic. Both parks and their respective CityWalk attractions will now remain closed through April 19. Universal Studios Hollywood, located in Universal City, CA…

Twitter on Monday said it’s withdrawing its revenue and operating income guidance for the first quarter of 2020, as well as its outlook for expenses, stock-based compensation, headcount and capital expenditures for the full year. The company said its due to the growing impact of COVID-19 on the global operating and…

Netflix Chief Content Officer Ted Sarandos said the company works “pretty far ahead” on delivering new shows so doesn’t expect to see any disruption in programming to the service over the next few months, but may later in the year. “It’s been a massive disruption. Every of one of our productions around the world are…

"This isn't business as usual, and it's a time of great stress and uncertainty," Amazon founder Jeff Bezos said in distinct understatement today as the coronavirus saw more and more of America shutdown and confirmed domestic cases of the global pandemic neared 27,000. "It's also a moment in time when the work we're…

Screenwriters, producers and other creatives will have to find a new meeting place in Los Angeles and surrounding areas. Starbucks has closed most of its cafes in the United States and Canada for two weeks because of coronavirus concerns, although some drive-through and hospital locations are still…

Walt Disney Friday said it raised $6 billion from the sale of debt securities. In a filing with the SEC Friday it fleshed out a prospectus from the day before where it had signaled its intention to sell notes. Companies are taking advantage of low interest rates to raise fresh cash in the midst of an escalating…

Peter Chernin’s investment firm The Chernin Group has boosted its investment in interactive entertainment company Scopely, which announced that TPC and media giant Advance have just injected $200 million to help it grow its business. Scopley said that brings its latest round of funding – Series D – to $400 million…

In a pair of filings with the SEC Thursday, Disney registered plan to raise fresh cash by selling debt securities, or notes, and outlined risks to its business from the coronavirus pandemic. "The outbreak of the novel coronavirus ("COVID-19") and measures to prevent its spread are affecting our business in a number of…

UPDATED with trading floor news, market close: The NYSE announced Wednesday afternoon that the floor of the New York Stock Exchange would be closed starting Monday to adhere to guidelines on large gatherings. Trading will continue electronically. Most systems are already electronic. There have been calls to halt…

Facebook said Wednesday will give $100 million to 30,000 small businesses in more than 30 countries in an effort to boost the global economy during the coronavirus pandemic and is working with the World Health Organization to remove fake news about the virus from its platforms. “These are unprecedented times, maybe…

UPDATED with closing numbers: The stock market had one of its best days Friday after one of its worst the day before, with the Dow Jones Industrial Average up by almost 2,000 points, or 9.36%. Investors have been killing stocks as the coronavirus pandemic threatens global growth and the health of U.S. companies with…