Investments and Business

Robert A. Iger has insisted for months that his turnaround plan for Disney was working. But distinct proof has been elusive, and investors, as evidenced by the company’s underperforming stock price and multiple proxy campaigns by activists for board seats, have been hesitant to buy in.On Wednesday, Mr. Iger delivered financial proof — along with a flurry of announcements about future entertainment offerings, including a “Moana” sequel, the arrival of Taylor Swift’s concert movie on Disney+, a partnership with Epic Games to create a Disney universe connected to Fortnite, and the 2025 rollout of a flagship ESPN streaming service that…

BP’s new chief executive, Murray Auchincloss, promised a flexible approach to the shift away from fossil fuels as the oil giant reported a $3 billion profit in its latest quarter on Tuesday.Mr. Auchincloss said in an interview after BP reported earnings that the company was pursuing what he called a “demand strategy.” BP’s shares rose nearly 5 percent in trading in London, where the company is based.BP has a plan to become what Mr. Auchincloss called an integrated energy company. But in the meantime, “we see growing demand for energy right now across the globe,” he said. “It is not…

After a year of big layoffs, job cuts at the tech industry’s largest companies trickled into the first month of 2024.Google started the year with layoffs of several hundred employees and a promise of more cuts to come. Amazon followed by trimming hundreds of jobs in its Prime Video department. Meta quietly thinned out middle management. Microsoft also cut 1.900 jobs in its video game division.The layoffs continued even as sales and profits jumped and share prices spiked. That disconnect, tech insiders and analysts say, is reflective of an industry facing two big challenges: coming to terms with frenetic work…

As far as signs of trouble in a company go, a hole blowing through the wall of one of its airplanes at 16,000 feet is not subtle.So it was not a surprise that the Boeing chief executive, Dave Calhoun, spent most of the company’s fourth-quarter earnings call on Wednesday focused on safety. “We caused the problem, and we understand that,” he said of the Jan. 5 incident.Mr. Calhoun said the company had instituted additional quality controls and paused production for a day to focus on safety and quality. But Boeing’s issues span decades, and some aviation and management experts have…