Walt Disney Posts Record Annual Profit

Walt Disney Co. DIS -0.90% Chief Executive Robert Iger continued to pitch his company’s digital future to investors on Thursday, even as the company reported a year of massive success for traditional movie releases like “Black Panther.” Mr. Iger predicted an accelerated timeline for its takeover of major assets of 21st Century Fox Inc. FOX…

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McDonald’s Franchisees Consider Push on Profit, Cash Flow

McDonald’s Corp. franchisees are considering making a push to urge the company to help improve profit and cash flow at their restaurants. A group of franchise owners plan to meet Wednesday in Tampa, Fla., to discuss forming an advocacy group to press McDonald’s management to address their concerns that the burger giant’s sales growth isn’t…

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Warren Buffett’s Berkshire Hathaway Profit Surges

Warren Buffett’s Berkshire Hathaway Inc. said second-quarter net earnings surged, boosted by insurance underwriting and a change to accounting rules. Berkshire’s earnings are especially volatile due to an accounting rule that went into effect this year requiring companies to include unrealized investment gains or losses in their net income. Berkshire holds large stock investments, and their quarterly changes…

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Tesla Asks Suppliers for Cash Back to Help Turn a Profit

Tesla Inc. has asked some suppliers to refund a portion of what the electric-car company has spent previously, an appeal that reflects the auto maker’s urgency to sustain operations during a critical production period. The Silicon Valley electric-car company said it is asking its suppliers for cash back to help it become profitable, according to…

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Tesla Asks Suppliers for Refunds to Help Profit, WSJ Reports

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Morgan Stanley Wraps Up Big-Bank Earnings With 39% Profit Growth

Morgan Stanley’s second-quarter earnings rose 39% from a year ago, wrapping up a big-bank earnings season that showed continued strength in the economy and few signs that global tensions are spilling over into the financial sector. The smallest of the big six U.S. banks by assets reported $2.4 billion in profit on $10.6 billion revenue.…

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Amazon’s Fiscal Discipline Pays Off as It More Than Doubles Profit

Amazon.com Inc. on Thursday delivered a double punch, reporting its best revenue growth in more than six years while topping $1 billion in profit for the second straight quarter. The results surprised investors who were already expecting Amazon to post strong numbers as it extends its dominance in online retailing and builds on gains in…

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