Iger announces first big moves in new tenure as Disney CEO: Restructuring and departure of Chapek right hand Kareem Daniel

Iger’s decision marks the swift undoing of one of Chapek’s primary actions during his nearly three-year tenure as Disney CEO.

Paramount scraps deal to sell Simon & Schuster to Penguin weeks after judge rejected merger

Paramount indicated that it would still seek to unload Simon & Schuster, despite the Penguin deal falling apart.

Best Buy raised its full-year forecast to reflect its better-than-expected quarterly results.