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$DIS' largest segment Media Networks reported 1Q16 revenues of $6.3Bil, up 8% from a year ago. Parks and Resorts revenues grew 9% to $4.3Bil. Studio Entertainment revenues increased 46% to $2.7Bil, while Consumer Products & Interactive Media revenues for 1Q16 increased 8% to $1.9Bil.
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.