Newspaper article from our research archive:

Investors pummel Euro Disney on debt report

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Shares in Euro Disney posted one of their biggest one-day drops in almost a decade Friday, after the company cautioned it might not have enough cash to pay back debts owed its banks and its principal shareholder, Walt Disney.The conflict in Iraq, the spread of the SARS virus and Europe's economic slump have slowed tourism and buffeted the hotel and theme park business. The shock came less than a year after Euro Disney opened its $615 million, 62-acre Walt Disney Studios Park next to its highly successful Disneyland Paris theme park east of Paris. Euro Disney said overall revenue in its financial third quarter, which ended June 30, was §275.6 million, or $309.9 ...

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