Stocks Tumbled, Dow in Triple-Digit Loss

U.S. stocks ended sharply lower on Tuesday on increased concern about possible escalation of military
action in eastern Ukrain. The Dow Jones industrial average fell 139.81.13 points, or 0.84%, to 16,429.47. The S&P 500 lost 18.78 points, or 0.97%, to 1,920.21. The Nasdaq Composite dropped 31.05 points, or 0.71 percent, to 4,352.83.

Groupon Inc. (GRPN) reported its second-quarter results that missed analysts’ forecasts. Groupon said
it lost $22.9 million, or 3 cents a share, on revenue of $751.6 million. During the same period a year ago, Groupon lost $7.8 million, or a penny a share, on $608.7 million in sales.

Walt Disney Co. (DIS) on Tuesday reported a DIS -0.01% on Tuesday reported a fiscal third-quarter profit of $2.25 billion, or $1.28 a share, compared with a profit of $1.85 billion, or $1.01 share, for the year-earlier period. Revenue rose to $12.47 billion from $11.58 billion.

McLean-based Gannett on Tuesday said that it plans to split into two publicly-traded companies, an action that follows similar shake-ups at other major media companies as they grapple with a changing landscape in the news business.

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