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New York City-based $NWS $NWSA said 3Q16 results were affected by a $280MM pretax charge at News America Marketing to resolve a legacy lawsuit and related claims. Continued currency headwinds impacted revenue by $72MM and EBITDA by $9MM. Excluding these factors and other special items, revenue and total segment EBITDA fell 5% and 8% respectively.
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.