Walt Disney Co., capitalizing on the resurgence of its legendary animation studio with the hit film “Frozen,” posted first-quarter profit that beat analysts’ estimates. The shares rose the most in more than two years.
Clifford Asness , who runs AQR Capital Management LLC, one of the world’s biggest hedge funds, says fellow fund managers gouge their clients by charging exorbitant fees for just tracking the markets. He also takes a dim view of the administration of President Barack Obama , calling his economic team “Cossacks on a shtetl,” a reference to the Russian cavalrymen who sacked Jewish villages in Eastern Europe in the 19th century.
In “Captain America: The First Avenger,” the superhero combats high-tech weapons with a relatively low-tech device -- an impenetrable red, white and blue circular shield that repels bullets and zaps foes when used as a high-speed discus.