Disney’s Pixar Studios Lays Off Workers Following ‘The Good Dinosaur’ Delay

Walt Disney Co. (NYSE:DIS): Current price $70.03

The Los Angeles Times is reporting that Disney’s Pixar Animation Studios has laid off less than 5 percent of its 1,200-person workforce after the delay of its upcoming film The Good Dinosaur. The laid-off employees were working at Pixar’s headquarters. The film has been pushed back to November 25, 2015, from its original release date of May 30, 2014. A company representative said to the Times, ”At Pixar, we are constantly re-evaluating the creative and business needs of our studio.”

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International Business Machines Corp. (NYSE: IBM): Current price $178.81

IBM and ENN Energy on Monday announced a strategic partnership that permits ENN to drive business growth, transform its IT operations, enhance revenue, and increase operational efficiency. By implementing the IBM POWER7 server and a cloud-based IT environment, ENN will be able to establish a solid infrastructure for future advanced cloud computing. By employing IBM sourcing and cloud capabilities, ENN has greatly improved its system response and customer experience, according to a press release.

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Merck & Co. Inc. (NYSE:MRK): Current price $49.50

In commemoration of World AIDS Day 2013, Merck, is encouraging people impacted by HIV to take action with the educational HIV campaign I Design. Beginning Monday, visitors to www.ProjectIDesign.com can mark the day by making a pledge to learn more about HIV, educate others about the condition, or help themselves or a loved one manage their HIV care. Each pledge will virtually reveal a portion of a specially designed fashion item from I Design campaign spokesperson, fashion designer, and Project Runway All Stars Season 1 winner Mondo Guerra. The community pledges will build up to the unveiling of an exclusive fashion item on World AIDS Day, December 1.

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