A crane loads a shipping container branded A.P. Moller-Maersk onto a freight ship.

Denmark’s Maersk to spin off drilling business, sell down Total stake 

Danish shipping company A.P. Moller-Maersk said on Friday it would spin off its offshore drilling operation and list it in Copenhagen next year as it focuses entirely on transport and logistics. The Danish company, which cut its full-year profit outlook this month, last year sold Maersk Oil to French oil major Total TOTF.PA in a […]

Bob Iger, chairman and chief executive officer of The Walt Disney Co.

Hulu loses roughly $1.5B a year, and Disney is set to double its stake

As of this week, Hulu’s major stakeholders have all reported earnings for the most recent quarter — and all three posted some big losses for the streaming service as it ramps up investments. Hulu doesn’t report official numbers — and declined to comment for this story — but some rough math of write-downs by Comcast, […]