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Nationalising the troubled Ilva steel plant would create problems with the European Commission, and the government should work on a "market solution" if ArcelorMittal pulls out of a contract to take over the site, Italy's Deputy Economy Minister Antonio Misiani said on Tuesday. ArcelorMittal said last week it was withdrawing from a 2018 deal to acquire Ilva's site in the southern city of Taranto, blaming its decision on a government move to scrap immunity from prosecution over environmental damage in the area....
Nissan Motor Co Ltd reported a 70% profit tumble on Tuesday and cut its full-year outlook to an 11-year low, as the Japanese automaker continued to grapple with falling sales and the aftermath of the ouster of former Chairman Carlos Ghosn. Operating profit at Japan's second-biggest automaker by sales came in at 30 billion yen ($274.98 million) during the July-September period versus 101.2 billion yen a year earlier. Nissan, whose financial performance has been in the doldrums for nearly two years, cut its forecast for operating profit to 150 billion yen in the year through March 2020, from a previous forecast for 230 billion yen....
Q3 2019 South Jersey Industries Inc Earnings Call...
(Bloomberg) -- Walt Disney Co. launched its much-anticipated Disney+ platform early Tuesday morning, embarking on an effort to turn a nearly century-old entertainment giant into a streaming leader.The service became available for at least some users sometime after 1 a.m. New York time, earlier than the 6 a.m. launch that had been touted in a countdown clock.Disney is entering a market already crowded with heavy hitters, including Netflix Inc., Amazon.com and Apple Inc. And more rivals are diving in soon, such as AT&T Inc. and Comcast Corp. next year. The world’s largest entertainment company thinks it can seize the day with a product packed with the company’s best movies and TV shows, including “Star Wars,” Marvel and Pixar films, as well as its library of some 400 children’s movies.“I feel great about what we’ve done,” Chief Executive Officer Bob Iger told a roomful of reporters last week. “I love the app....
During commercial breaks in a broadcast of World Wrestling Entertainment's WWE SmackDown, fans were shown ads for Walt Disney Co's new streaming service, Disney+. "Try to keep up," said Captain Marvel in one ad after a series of fast-paced clips from "Star Wars," "The Simpsons," "The Avengers" and other Disney-owned hits from outside of its deep catalogue of children's classics. Disney's marketing force is reaching beyond its traditional family audience to send a message that its $7-a-month subscription service Disney+ offers something for all ages....
