Quake Takes Toll On Toyota Bottom Line; Deficit Widens More Than Expected
Disney missed the mark during the first quarter, as lower income from its studio entertainment and theme parks ate into the bottom line. Toyota also disappointed with its quarterly report card. Profit dropped 77.4% percent from a year ago. In more upbeat earnings news, Macy's blew estimates out of the water. On the economic front, the deficit grew to $48.2 billion, coming in well above economists' predictions.