The move follows Disney dropping the Fox name from its 20th Century Fox film brand in January. The company, which closed a $71 billion deal to acquire many of Fox's assets last year, renamed the longtime studio as just 20th Century Studios.
-- Frank Pallotta, CNN Business
Insurers spent 15 percent on loss adjustment costs and administrative costs and another 15 percent on marketing costs and commissions to agents. The insurer was left with a 5 percent margin to invest, save, pay other bills, or return to consumers in the form of lower premiums.
-- John Huetter, RDN
Schlafly Beer...announces the return of Pumpkin Ale and Oktoberfest, two award-winning seasonal staples for fall. Both are available now throughout fall across Schlafly’s distribution as well as the Schlafly brewpubs.
It's the middle of August, come on man!
Robinhood saw 4.3 million daily average revenue trades, or DARTS, in June, the company told CNBC Monday. This is the first time the start-up has shared monthly totals. Robinhood’s debut total was higher than all of the major incumbent brokerage firms, and more than E-Trade and Charles Schwab combined.
-- Kate Rooney, CNBC
The appetizing array of new menu items, like the Breakfast Baconator and Frosty-ccino, have been a hit and have bolstered Wendy's bottom line during a second quarter that was gloomy for its competitors. Breakfast now accounts for 8% of Wendy's total sales...
-- Jordan Valinsky, CNN Business
Breakfast is a bummer
However, the "Nintendo is Disney" thesis is deeply flawed. It feels more like a desire to apply a pattern than to find a real analogue. Elements of Nintendo certainly represent Disney, but they represent Disney insofar as both companies are best in class creators of four-quadrant, multi-generational content. Otherwise the businesses are fundamentally different, their management styles fundamentally different, and their approaches to content itself are fundamentally different, too.
-- Matthew Ball
Lane keeping seemed to be the system giving testers the most trouble, as it occasionally became befuddled by faded markings, automatically steering vehicles off road in some instances.
-- Matt Posky, The Truth About Cars
At the end of the second quarter, Airbus had 145 finished jets awaiting delivery. Boeing has about 450 of its 737 Max jets ready to ship once regulators clear the plane to fly again.
-- Charlotte Ryan, Bloomberg