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The New York-based mass media company $NWSA reported 1Q16 earnings of $175MM or $0.30 per share compared to earnings of $65MM or $0.11 per share last year. $NWSA said it had revenue of $2.01Bil, which was $0.1Bil lower than last year. $NWSA's reported total segment EBITDA was $165MM compared to $194MM in the prior year period.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.