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Companies to Watch: Baidu posts earnings beat, Southwest cuts down on routes, new details on Disney+

Yahoo Finance

Here are the companies the Yahoo Finance team is watching for you today.

Chinese search giant Baidu (BIDU) is coming off a strong quarter. It beat on earnings and posted a small bump in revenue as more people signed up for its video streaming service. However, net profit fell 62%. The CEO says it remains focused on strengthening the company's mobile offerings.

More cuts are coming to Southwest Airlines (LUV) as it struggles with the grounding of its 737 Max fleet. The company is eliminating 20 non-stop routes, including flights from Boston to Atlanta, New York to Orlando, and Los Angeles to Cancun. Southwest plans to end service from Newark this November. It says the change is to free up planes for routes with stronger demand.

U.S. Steel Corp. (X) is reportedly cutting hundreds of jobs at its Great Lakes facility near Detroit. In a filing with Michigan, U.S. Steel said the layoffs are temporary but could last beyond six months. The company blames lower steel prices and weaker demand.

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Germany's Bayer is selling its animal health unit to Elanco (ELAN) in a deal valued at $7.6 billion. The acquisition is the largest yet for Elanco, which was spun-off from Eli Lilly last year in an IPO. The sale is part of Bayer's plan to divest assets as it faces growing legal liabilities from its Roundup herbicide.

New details on the upcoming launch of Disney+. The company says the streaming service will be available on many devices, including Roku and Google's Chromecast. For now though, you won't be able to get it on Amazon's Fire TV. Disney+ is set to launch on November 12th for $6.99 a month.