Walt Disney Co's ESPN sports network posted a decline in quarterly profit, overshadowing the blockbuster success of "Star Wars: The Force Awakens," which lifted the company to record income and topped Wall Street expectations.
The turmoil engulfing Viacom deepened on Tuesday as weak earnings and continued concern over the company's leadership sent shares down more than 21 percent, the lowest level in more than five years.
... * Fed chair to acknowledge volatility, keep rate hikes alive. * Two days of congressional testimony could get heated. By Jonathan Spicer and Ann Saphir.
NEW YORK -- There are growing fears that global banks are headed for a meltdown, the likes of which has not been seen since 2008. Only this time, there will be no one there to rescue them.
The fall in average regular unleaded gasoline prices to about $2 a gallon has helped keep a lid on inflation. (Photo: AP). CONNECT TWEET LINKEDIN GOOGLE+ PINTEREST.