Another content company is cutting the cord. CBS is launching its own live-streaming service, which will offer episodes from current and older TV shows to customers without cable for about $6 a month, but it will not stream NFL games. Shares rose slightly to $51.18.
Sales of Barbie continue to decline and that’s one reason Mattel said it missed earnings estimates for its third quarter. The toy maker’s American Girl doll business is also struggling, which could also be an issue for the company heading into the crucial holiday season. Shares fell three percent to $29.62.
It was a different story for Winnebago. That company saw its fiscal fourth quarter earnings jump almost 22 percent on higher motor home sales and improved profitability in its towables unit. The RV maker has seen sales improve in recent quarters as it has introduced new products to dealers. Despite that shares fell 1.5 percent to $21.60.
Shares of debt-laden Chesapeake Energy soared on news its selling some oil and gas assets in West Virginia and Pennsylvania to south-western energy for about $5.5 billion one of its biggest divestment ever. The cash-raising helped the stock surge 17 percent to $20.79.