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Segment-wise, revenue from $CBS's Cable Networks grew 13% YoverY to $562MM in 4Q15, driven by higher revenues from the international licensing of Showtime original series. Publishing revenue increased 8% YoverY to $233MM, while Local Broadcasting revenue declined 8% to $719MM.
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.