Walt Disney Co. (NYSE:DIS): The Hong Kong Disneyland is planning to add a new section to its theme park that takes after the Iron Man theme, after the movie did exceptionally well with Chinese audiences. Disney has pumped some $465 million in investments into the park, and the House of Mouse is hoping that the new attractions will appeal to China’s growing middle class, who have more disposable income to throw around.
Microsoft Corp. (NASDAQ:MSFT): Executive Vice President of Cloud and Enterprise Satya Nadella has revealed the fall roadmap for the businesses that — prior to Microsoft’s big reorganization — made up its Server & Tools unit. Products being launched include new versions of Microsoft’s Dynamics CRM and supply-chain software, refreshes for the Visual Studio and .NET software development platforms, updates to Windows Server 2012 and System Center 2012, a version of Windows Azure meant for government clients, and a service launched in partnership with Equinix that allows users of Equinix’s data centers to directly connect to Azure, Seeking Alpha reports.
BlackBerry (NASDAQ:BBRY): BlackBerry has put to rest an infringement suit from 2010 dealing with Kik Interactive’s development of a rival instant messaging application to its BlackBerry Messenger that eventually surpassed the latter in popularity, The Globe and Mail reports. The terms of the settlement were undisclosed. BlackBerry made claims that Kik made false and/or misleading statements about its product, which resulted in market “confusion.”
Procter & Gamble Co. (NYSE:PG): Proctor & Gamble executives on Tuesday outlined their focus on returns to shareholders over organic sales growth rates as the company’s annual meeting gets underway. Proctor & Gamble returned $12.5 billion to shareholders in dividends and share buybacks for 2013, representing 110 percent of net earnings. The company will turn more focus to innovation, as well, as the company tries to win more “moments of truth” with consumers.
ArcelorMittal (NYSE:MT): AcrcelorMittal has sold off another stake in Erdemir, Turkey’s largest flat steel producer, keeping in line with ArcelorMittal’s strategy of selling noncore assets to reduce its debt. The 6.66 percent stake sold for $267 million and follows a a 6.25 percent stake for $264 million in March 2012.