Business

Sports costs at ESPN weigh down Disney's Force-ful quarter

ESPN, the sports network that drives Disney's profit engine, has hit a soft patch. Subscribers have fallen by about 7.2 million over the last three years, according to Nielsen, and it's coming off a round of layoffs in the latest quarter. As more people cut the cord to watch programming online, its perch on top of the pay TV empire is looking unsteady at best.

Business

How the Dow Jones industrial average fared on Monday

U.S. stocks closed sharply lower on Monday following a steep sell-off in materials, financials and technology stocks. The market pared its losses by the end of the day but still ended down for the second day in a row. The Nasdaq composite index closed almost 20 percent below its record high last year.

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