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$CMCSA said the company had the best first quarter in 4 years, in terms of broadband subscriber additions. The company recently surpassed $1Bil in national advertising sales for the Rio Olympics. At 1Q16-end, 77% of residential customers received speeds of 50 mbps or higher. $CMCSA added a combined 53,000 net video customers, best 1Q in 9 years.
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.