Two of Liberty Media Corp.’s tracking stocks rose after the company moved to simplify its complex financial structure by announcing plans to turn its largest unit, Liberty Interactive , into an asset-backed stock.
Universal Pictures’ “Despicable Me 2” set box-office records in its debut over the July 4 holiday weekend, while Walt Disney Co.’s “The Lone Ranger” bombed, failing to match even last year’s megaflop “John Carter.”
Netflix, the video-rental service grappling with a user revolt, reports results today that will show the extent of third-quarter subscriber losses and may offer clues to its progress in limiting defections this period.
DreamWorks Animation SKG Inc. said second-quarter earnings will shrink from a year ago because of the domestic box-office performance of “Shrek Forever After” and weaker home-video sales. The shares fell 4.1 percent.