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$CNK reported that during 1Q16, it built 12 screens in the U.S. and 20 screens in Latin America. At 1Q16-end, the company has 5,840 screens. $CNK targets 1% screen growth in U.S. and 6% screen growth in Latin America in 2016. At 1Q16-end, $CNK acquired three Carolina cinema theaters in Asheville, Charlotte, and Raleigh, representing 42 screens.
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.