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U.S. markets news

Disney shares drop after company lowers cable outlook
Walt Disney Co (DIS.N) lowered profit guidance for its cable networks unit and reported quarterly revenue slightly below Wall Street forecasts, sending its shares down 6 percent on Tuesday.
Disney Profits Boosted by 'Avengers', 'Frozen'  Wall Street Journal
Success of 'Avengers' Helps Lift Disney's Profit 11 Percent  New York Times
Bloomberg  
Netflix to offer paid 'unlimited' parental leave
Netflix announced an update to its parental leave policy that will grant unlimited leave to both mothers and fathers with full pay within the first year after their child's birth or adoption.
Netflix Will Let New Moms And Dads Take A Year of Leave  Wired
Netflix will offer up to a year of paid maternity and paternity leave  Quartz
MGM Resorts Sues Connecticut Governor Over Tribal Casino Act
MGM Resorts International sued to prevent the construction of a tribal casino in Connecticut that would compete with the company's own resort being built in Springfield, Massachusetts.
MGM Resorts files lawsuit against Connecticut officials  Miami Herald
Here is the latest Nevada news from The Associated Press  KSL.com
Shire's Blind Test With Baxalta
Shire SHPG -5.40 % may be getting a reputation as a deal-making thoroughbred. But it can still frighten the horses. Shares in the U.K.
Shire Seeks to Lure Baxalta Into Talks With $30 Billion Bid  Bloomberg
CompaniesBaxalta board unanimously rejects Shire deal  Financial Times
Neiman Marcus Files to Go Public Again
After more than a decade under private equity ownership, and two different sets of investors, Neiman Marcus - home to $10,000 gowns and sometimes outlandish Christmas presents - is preparing to head back to the stock market.
Luxury Retailer Neiman Marcus Files for IPO Valued at $100M  ABC News
Luxury fashion retailer Neiman Marcus files for IPO  Reuters
Atlanta Fed's Lockhart: Fed Is 'Close' to Being Ready to Raise Short-Term Rates
Federal Reserve Bank of Atlanta President Dennis Lockhart said the economy is ready for the first increase in short-term interest rates in more than nine years and it would take a significant deterioration in the data to convince him not to move in ...
Dollar rises as Fed official eyes September lift-off  Channel News Asia
NZ dollar drops after dairy prices decline, Fed seen hiking rates next month  The National Business Review
Paring Sprint's Subscriber Gains
Sprint S 4.49 % has been polishing the skin of the wireless apple. But it hasn't fixed the rot at the core. The wireless carrier reported a smaller-than-expected fiscal first-quarter loss on Tuesday and said it added postpaid phone subscribers in May ...
Sprint chairman is confident even as T-Mobile passes area company in subscribers  Kansas City Star
Sprint's Earnings Show Turnaround Progress for CEO Claure  Bloomberg
Activision Blizzard tops Street 2Q forecasts
SANTA MONICA, Calif. - Activision Blizzard Inc. (ATVI) on Tuesday reported second-quarter profit of $212 million. On a per-share basis, the Santa Monica, California-based company said it had profit of 29 cents.
Activision Blizzard Levels Up On Q2 Earnings Beat ATVI  Investor's Business Daily
Activision Had A 'Huge, Huge Revenue Beat,' But Is A Correction Coming?  Benzinga
Air Canada bans shipments of hunting trophies after killing of Cecil the lion
TORONTO - Air Canada says it will no longer transport big-game hunting trophies after the killing of a well-known lion in Zimbabwe by an American dentist drew international attention.
While airlines ban hunting trophy shipments, UPS says it won't bow to ...  Washington Post
After Cecil The Lion's Death, Airlines Refuse To Ship Exotic Hunting ...  Huffington Post
Son of Concorde powers up
Supersonic passenger planes could again race through the skies with Airbus having filed a patent for a successor to Concorde. Save & Share.
Airbus has patented a jet that could fly from London to New York in one hour  The Independent
Fly to New York in an hour: superjet plan is taking off  The Times (subscription)