Disney is getting hit hard by the coronavirus crunch across several of its businesses. But its video streaming service Disney Plus may be benefiting. Signups for the service have ticked up in recent days, as people who stay at home look for entertainment, according to a person familiar with the matter. The same is true in Europe, where the number of people signing up to get Disney Plus when it...
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How Activists Proved to be Salesforce’s ‘Superpower’
These corporate efficiency initiatives really work! Salesforce’s April-quarter earnings report Wednesday showed an operating profit of $412 million, a 5% margin, compared with $20 million a year earlier, which equated to a margin of 0.27%. The reason was lower expenses—research and development costs fell 8.4% while marketing expenses dropped 6.5%—even as revenue rose 11%. Cutting costs to lift...
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