Disney reports second quarter earnings
Walt Disney Co.'s earnings plunged almost 41% in its second quarter. Although Disney said it expects improvement in the second half of the year, it still plans to review its operations in a bid to make them more efficient and increase cash flow. The Burbank, California-based media and entertainment giant turned in net income of $226 million, or 11 cents a diluted share, for the quarter ending March 31, compared with $384 million, or 18 cents a diluted share, in the same period a year ago.