Shanghai Disney Resort and Disney Theatrical Productions announced that Disney’s landmark musical event, The Lion King, is coming to the The Walt Disney Company (NYSE:DIS) Grand Theatre-a new, world-class, 1,200-seat Broadway-style theater, to be located at Shanghai Disney Resort’s retail, dining and entertainment area-currently under construction adjacent to Shanghai Disneyland park. This will be the world’s first production of The Lion King-Julie Taymor’s production, exactly as seen on Broadway and in productions around the world-performed in Mandarin. For more on this story, visit the Disney Parks Blog.The Walt Disney Company (NYSE:DIS) net profit margin is 14.90% and weekly performance is -2.14%. On last trading day company shares ended up $82.80. Analysts mean target price for the company is $88.54. The Walt Disney Company (NYSE:DIS) distance from 50-day simple moving average (SMA50) is 1.98%.
MITSUBISHI HEAVY IND (OTCMKTS:MHVYF) involvement in Siemens’ bid for the power assets of France’s Alstom fits in with the Japanese company’s plans to build a global presence after a recent major reorganization of its business. MITSUBISHI HEAVY IND (OTCMKTS:MHVYF) ended the day on $6.09.
Facebook Inc (NASDAQ:FB) has changed its obscene content policy to allow pictures of breastfeeding mothers to stay online. Formerly any picture containing an exposed female nipple was removed. Facebook Inc (NASDAQ:FB) shares moved up 0.33% in last trading session and was closed at $64.50, while trading in range of $63.83 – $64.97. Facebook Inc (NASDAQ:FB) year to date (YTD) performance is 18.02%.
Siemens AG (ADR) (OTCMKTS:SIEGY) is expected to make a bid for Alstom SA’s energy division for a deal that would allow the company to acquire the French company’s gas turbines while helping partners Hitachi Ltd. and Mitsubishi Heavy Industries Ltd. by boosting their hydro and steam turbines businesses, according to sources with knowledge of the negotiations. Siemens AG (ADR) (OTCMKTS:SIEGY) ended the last trading day at $133.66.
Russian state gas giant Gazprom OAO (ADR) (OTCMKTS:OGZPY) said Monday it will only ship fuel to Ukraine if it pays in advance, making good on a threat that could lead to supply cuts affecting European customers after late-night EU-mediated talks on debt repayment failed to yield a deal. Gazprom OAO (ADR) (OTCMKTS:OGZPY) On last trading day company shares ended up $8.35.