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$SNI's operating revenues for 2Q16 increased by 21.9% to $892.8MM from the previous year quarter. The increase reflects the inclusion of TVN acquisition and the growth in advertising revenues from U.S. Networks. Consolidated advertising revenues increased 28.6% to $646.6MM and consolidated distribution revenues rose 3.8% to $223.4MM.
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.