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At $DIS's Media Networks, growth in 4Q15 operating income was driven by an increase in Cable, while Broadcasting results were in line with last year. Domestic cable affiliate revenue was up 17% in the quarter and up 8%, excluding the benefit of the 53rd week. Ad revenue at ESPN was up 5% in the quarter.
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.