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UPDATE 3-Disney shares drop after company lowers cable outlook

Aug 4- Walt Disney Co lowered profit guidance for its cable networks unit and reported quarterly revenue slightly below Wall Street forecasts, sending its shares down 6 percent on Tuesday. The media company now expects annual operating income growth at the unit in the mid-single digits for fiscal years 2013 to 2016, Chief Financial Officer Christine...
Source: Reuters | By: Lisa Richwine and Arathy S Nair
UPDATE 1-U.S. luxury fashion retailer Neiman Marcus files for IPO

The 100- year-old retailer- backed by Canadian Pension Plan Investment Board and Ares Management LP- sells apparel, handbags, shoes, cosmetics and designer jewelry. Dallas- based Neiman Marcus operates 41 department stores bearing its name, the famed Bergdorf Goodman store on Manhattan's Fifth Avenue and the Last Call off-price chain. Neiman Marcus's...
Source: Reuters
After-hours buzz: Etsy, Zillow, Disney & more

Check out the companies making headlines after the bell Tuesday: Etsy, Zillow, Disney & more.
Source: CNBC.com | By: Karma Allen
UPDATE 2-Disney profit rises but shares slip as revenue misses forecasts

Aug 4- Media company Walt Disney Co on Tuesday posted record profit in the June quarter, but its revenue missed Wall Street expectations for the first time in two years and its shares fell more than 2 percent in extended trading. Disney recorded net income of $2.48 billion for April through June, up 11 percent from a year earlier, and revenue of $13.1 billion, just shy...
Source: Reuters | By: Lisa Richwine and Arathy S Nair
Cramer: Investors flee winners because of China  

Mad Money host Jim Cramer saw that even Apple could not hide from China today. Turns out the best places to hide seem to be the stocks with highest risk, he says.
Source: CNBC.com
UPDATE 1-Crafts website operator Etsy's loss doubles; shares tumble

Aug 4- Crafts shopping website operator Etsy Inc's quarterly loss doubled due to higher marketing expenses and the company said these costs would only increase in the current quarter. Etsy's shares fell more than 15 percent to $16.27 in after-hours trading on Tuesday. Etsy said it plans to spend more on marketing in absolute dollars in the third quarter than it...
Source: Reuters
Disney shares whacked on TV business outlook

Walt Disney on Tuesday posted earnings that topped Wall Street estimates but revenue that came in below projections.
Source: CNBC.com | By: Jacob Pramuk
Nielsen's top programs for July 27-Aug. 2

2. "60 Minutes," CBS, 8.46 million. 4. "NCIS," CBS, 8.01 million. 7. "The Big Bang Theory," CBS, 7.16 million.
Source: The Associated Press
UPDATE 1-First Solar rallies as earnings, sales forecast top estimates

Aug 4- First Solar Inc on Tuesday reported sharply higher quarterly sales and earnings and said results for the year would top Wall Street estimates, sending its shares up 8.5 percent. For the full year, First Solar forecast sales of $3.5 billion to $3.6 billion and earnings of $3.30 to $3.60 per share. The estimate includes 16 cents per share related to its...
Source: Reuters
UPDATE 9-Oil climbs from multi-month lows on China stock market gains

NEW YORK, Aug 4- Global crude prices rose from multi-month lows on Tuesday, helped by a stock market rally in No. 2 oil consumer China, but abundant supply and a weak demand outlook make crude's rebound unlikely to hold, traders and analysts said. Brent, the world benchmark for oil, and U.S. crude settled up for the first time in four sessions, a day after Monday's 5 percent...
Source: Reuters | By: Barani Krishnan