NEW YORK SHARES

Here is a summary of recent financial reports for selected entertainment companies:

April 12: Coinstar Inc. raises its first-quarter and full-year revenue guidance on the popularity of its Redbox movie business. Coinstar says recent price hikes didn't dampen movie rentals during the period as much as it thought they might. And consumer demand jumped on the popularity of movies such as "Moneyball" and "Puss and Boots."

April 23: Netflix Inc. says it added 1.7 million Internet video subscribers in the U.S. and 1.2 million elsewhere to end the quarter with 26.5 million. The company says it lost 1.1 million DVD customers to end with 10.1 million. Netflix says about 7 million of the DVD customers also subscribe to the streaming service. Although Netflix's comeback from a customer backlash accelerated during the first quarter, skittish investors keyed on a second-quarter forecast that calls for a slowdown in subscriber growth during the spring and early summer.

April 26: Coinstar Inc.'s first-quarter earnings soared as its Redbox kiosks proved there is still plenty of money to be made renting low-priced DVDs while Netflix and other services focus on streaming video. Revenue climbed 34 percent. Most of the gains flowed from the nearly 37,000 Redbox kiosks that Coinstar has set up in stores to dispense DVDs for $1.20 per month. Redbox has been picking up more customers since Netflix' raised its prices by as much as 60 percent last summer.

April 27: Big-screen theater technology company Imax Corp. reports a first-quarter net income, reversing a loss, as its theater network expanded and audiences showed up in big numbers for movies such as "Mission: Impossible — Ghost Protocol" and "The Hunger Games."

May 1: CBS Corp. says net income grew 80 percent in the first quarter, as revenue surged on digital licensing deals for its TV shows and overseas sales of reruns.

Satellite radio company Sirius XM Radio Inc. says profit rose 38 percent, as it continued to add subscribers and raised prices.

May 2: Time Warner Inc. says adjusted income beat Wall Street's expectations on the strengths of the company's television and movie studio businesses. Big performers included "Sherlock Holmes: A Game of Shadows" and "Journey 2: The Mysterious Island." The Warner Bros. division also benefited from higher licensing revenue of TV shows and the availability of a CW television series on Netflix, but revenue from DVDs and other home entertainment sales fell.

Comcast Corp.'s NBCUniversal division shone in the quarter. It accounts for a third of Comcast's revenue, but grew much faster, at 18 percent from last year. Revenue at the NBC broadcast network grew 37 percent thanks to the Super Bowl, which was broadcast on Fox last year. Excluding the Super Bowl, NBC's revenue grew 17 percent, helped by improving prime-time ratings and shows like "The Voice" and "Smash." At Universal Studios, revenue grew 22 percent on the theatrical success of "Dr. Seuss' The Lorax" and "Safe House."

Movie studio DreamWorks Animation SKG Inc. says first-quarter earnings rose slightly as both revenue and costs increased. More than half of the company's revenue came from ticket sales of its animated feature "Puss in Boots" overseas and its release on home video in the U.S. Recent titles like "Kung Fu Panda 2" also contributed to revenue. The studio's second-quarter and full-year results are expected to be driven by the release of "Madagascar 3: Europe's Most Wanted" on June 8.

May 3: Viacom Inc., the owner of Paramount Pictures, MTV and Nickelodeon, says net income rose 56 percent, even though a slate of movies that was lackluster compared with last year held back revenue. Revenue rose 5 percent at Viacom's TV networks, and fell 5 percent at Paramount, as movies like "The Devil Inside," ''A Thousand Words," and "Jeff, Who Lives at Home," did not match hits from last year like "Rango" and "No Strings Attached." However, the lower movie revenue was more than offset by lower distribution costs, so Paramount's operating income expanded, contributing to the overall profit increase.

May 8: The Walt Disney Co. says net income in the first three months of the year grew 21 percent as better performance from pay TV network ESPN and its theme parks offset a loss at the movie studio driven by the flop "John Carter." Disney's movie studio had a loss of $84 million, which was on the low end of the $80 million to $120 million range that the company forecast based on the box office performance of "John Carter." Revenue fell 12 percent to $1.2 billion.

May 9: News Corp. says net income increased 47 percent thanks to strong performances at its pay TV networks and its movie studio. News Corp. books $63 million in legal fees in the quarter to deal with an ongoing investigation into phone hacking at its British newspaper unit.

May 10: Sony Corp. says sales improved in its film business in the fiscal year through March. It was lifted by TV shows it produced and home video sales of movies. Profits fell slightly, despite the popularity of "The Smurfs" and "Bad Teacher," offsetting the failure of "Arthur Christmas." Sales and profit both dropped in its music business. Best-sellers included Adele's "21" and Beyonce's "4."

Wednesday: Lions Gate Entertainment Corp. posts a loss in the latest quarter, reversing a profit from a year ago, as it booked costs associated with its acquisition of "Twilight" maker Summit Entertainment. The loss came despite the blockbuster March 23 release of "The Hunger Games."

NEW YORK (AP) -- Unable to shake their worries about Europe, investors drove stocks to a four-month low Thursday and piled into bonds, sending the yield on the 10-year Treasury note close to an all-time low.

The Dow Jones industrial average posted its 11th loss in 12 days after a pair of discouraging economic reports further unnerved traders already concerned about a possible exit from the euro by Greece.

The Dow lost 156.06 points, most of it toward the end of the trading day, to close at 12,442.49. It is down almost 6 percent for May, and what had been a strong year for stocks has been reduced to a slender 1.8 percent gain.

The Standard & Poor's 500 stock index closed at its lowest point since Jan. 17.

The yield on the benchmark 10-year note hit 1.69 percent. That is lower than any 3 p.m. reading since at least 1953, according to records kept by the Federal Reserve.

According to other financial data providers, including Dow Jones and Bloomberg, the yield on the 10-year dipped slightly lower, to 1.67 percent, at other points in the trading day last September.

"It's still seen as one of the safest investments in the world," said Guy LeBas, chief fixed income strategist for Janney Montgomery Scott. "If you compare Europe's problems to our problems in the U.S., it doesn't look so bad over here."

The dollar and gold both rose as traders sought refuge in lower-risk assets.

Stock indexes opened lower on Wall Street following drops in European markets. The declines accelerated at mid-morning after the Federal Reserve Bank of Philadelphia said manufacturing slowed in the mid-Atlantic region for the first time in eight months. The report was far worse than analysts had been expecting.

In other trading, the Standard & Poor's 500 index fell 19.94 points to 1,304.86, its lowest close since Jan. 17. The Nasdaq composite fell 60.35 points to 2,813.69.

It is not much of a welcome for Facebook, which starts trading Friday in one of the most talked-about debuts in the history of the U.S. stock market.

Facebook set its price at $38 per share, which would raise $18.4 billion for the company and value it at $104 billion — more than Amazon.com and much more than long-established names like Disney and Kraft.

In Europe, Fitch ratings agency downgraded Greece deeper into junk territory on Thursday and warned that a Greek exit from the euro currency is "probable" if new national elections next month produce an anti-bailout government.

Fitch cut Greece's rating by one notch, from B- to CCC, the lowest possible for a country that is not in default.

Greece swore in a caretaker Cabinet that will hold power at least until next month's election. In elections earlier this month, Greeks gave strong support to politicians who rejected the tough budget cuts that came with the country's financial bailout.

"Europe is very much on investors' minds," said Brian Gendreau, market strategist at broker-dealer Cetera Financial Group. "It's been two years with multiple bailouts involving Ireland, Portugal and Greece, and things don't seem to be getting better."

German, French and Spanish stock markets all fell more than 1 percent.

Spain was forced to pay sharply higher interest rates to raise $3.18 billion in a debt auction Thursday. And shares of Bankia, which Spain nationalized last week, plunged 20 percent on a report from the newspaper El Mundo stating that depositors have withdrawn over $1 billion since last Wednesday.

In the United States, Caterpillar fell 4 percent, most of the 30 stocks in the Dow, after reporting that global sales growth of construction and mining machinery slowed between February and April.

Wal-Mart stock rose over 4 percent, the most in the Dow, after reporting a 10 percent jump in first-quarter income, beating Wall Street expectations.

The Conference Board said its measure of future U.S. economic growth fell in April after six months of increases. The drop came from fewer requests for building permits and a spike in applications for unemployment benefits.

Oil prices continued to trade lower, falling below $93 a barrel and extending a two-week sell-off, as traders worried about the potential impact on global growth from the European crisis. Crude oil has plummeted about 12 percent from $106 two weeks ago.

Energy companies fell. Chesapeake Energy declined over 3 percent, while WPX Energy fell over 4 percent.

— Media General soared 33 percent after billionaire Warren Buffett's company Berkshire Hathaway agreed to buy 63 newspapers from the company for $142 million.

— GameStop fell 11 percent after the world's largest video game retailer reported its first-quarter profit fell 9.8 percent, as fewer customers visited its stores and bought new games and systems.

— Sears Holdings rose 3 percent after the beleaguered retailer turned a profit in the first quarter, benefiting from a gain on the sale of some stores.

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AP Business Writer Matthew Craft in New York contributed to this report.

NEW YORK (AP) -- Hopes that the U.S. housing market is starting to recover and the economy is on the mend sent stocks higher on Wall Street.

But the gains are being constricted from continuing worries that Greece's political deadlock could fracture the European Union and roil global markets.

The Dow Jones industrial average rose 75 points Wednesday to 12,707. The Standard & Poor's 500 added nine points to 1,340. The Nasdaq composite rose 15 points to 2,908.

Home builder stocks rose after the Commerce Department said builders started work on new homes at an annual pace of 717,000 last month, 2.6 percent more than in March. It was a heartening sign for the beleaguered housing market, which seems to be forming a bottom and starting to recover. Construction rose for both single-family homes and apartments.

Target Corp. rose after a strong earnings report. Target said revenue at stores opened at least a year rose 5.3 percent, the strongest performance in six years for that period. Target's results illustrate that Americans are beginning to spend cautiously as economic uncertainty persists. Though the job market is still shaky, falling gas prices have given shoppers hope.

As signs of a global economic slowdown persist, prices of commodities have come off highs. Oil prices continued their march downwards from $105 in the beginning of the month to $93. Crude oil prices were down $1 on Wednesday. Gold prices fell $18 to $1539, the lowest level since December.

In Europe, a potentially chaotic situation was developing in Greece, where power-sharing talks collapsed Tuesday and new elections were called for next month. There is already concern in other European countries about how a possible Greek exit from the euro would affect the rest of the continent.

On Wednesday, Spain's prime minister warned that the country, which is trembling under a 24.4 percent unemployment rate, could be locked out of international markets due to problems in the EU.

"Right now there is a serious risk that (investors) will not lend us money or they will do so at an astronomical rate," Mariano Rajoy told Spanish lawmakers.

Financial pressures extend well beyond Europe too. The Indian rupee hit a new all-time low against the dollar with investors increasingly seeking a safe place to put their money. The rupee sank to 54.44 against the dollar Wednesday, surpassing the prior low of 54.39 on December 15.

Among other stocks making big moves:

— JC Penney plunged 14 percent, the most in the S&P 500 index, after the retailer reported a bigger-than-expected first-quarter loss. Sales plummeted as shoppers are rejecting their new pricing plan.

— Abercrombie & Fitch fell 11 percent after reporting that its first-quarter net income shrank 88 percent because of higher costs and declining sales in established stores and in Europe.

— General Electric rose 3.6 percent, the most of the 30 stocks in the Dow, after the company said its finance unit will pay a special dividend of $4.5 billion to the parent company this year. It had suspended the payments in 2009 during a freeze in credit markets.