Communications services companies ticked down as traders hedged their bets on the outlook for profits in a new era for media consumption.
Shares of Charter Communications fell to the lowest level since 2019 and recorded the worst three-day selloff since the financial crisis in 2009, amid lingering concerns about dwindling subscriber tallies.
Activist investor Blackwells Capital is pushing for Walt Disney to split the company into three separate entities - sports, entertainment, and resorts.
Adam Neumann, the former chief executive and co-founder of co-working pioneer WeWork, is trying to regain control of the bankrupt company less than five years after the board forced him out.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
02-06-24 1828ET
