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$DIS said it is acquiring a 33% stake in BAMTech, the industry leader in video streaming, data analytics and commerce management. The company has the option to acquire majority ownership in the future, and through this investment plans to launch a new direct-to-consumer ESPN-branded multi-sports subscription streaming service.
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.