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Entertainment company $FOXA said it saw good FY16 performance due to increases in affiliate revenues in both the domestic and international businesses, as well as gains in advertising revenue. Even though the company saw continued FX headwinds and difficult film comparisons, adjusted EBITDA and revenues grew for the year.
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.