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Philo launches $16 streaming service

The markets traded lower during the midday with the Dow losing 37 points to 23,402. Nasdaq fell 27 points to 6,730.


Philo launched a new streaming service that offers nearly 40 different channels for $16 per month. Among the channels being offered are A&E, Animal Planet, BET, Comedy Central, Discovery Channel, Food Network, HGTV, History Channel, MTV, Nickelodeon, and Nick Jr. but not sports. Philo created its latest offering by surveying and studying the viewing habits of college students who use its next-generation TV system on college campuses.


Volkswagen has agreed to settle diesel emissions suits in New Jersey by paying $69 million. Penalties levied against the automaker could have exceed $1.2 billion in the garden state. Volkswagen had previously agreed to pay up to $25 billion to settle claims from vehicle owners, environmental regulators, states, and car dealers.


Sam's Club unveiled its Black Friday deals through its mobile app this morning. The membership club will be selling a Vizio XLED Smartest 65-inch television for $598, the Xbox One S 500 GB console and controller for $189, an Apple iPad 32GB wifi plus cellular model for $327, and an HP OfficeJet 4655 printer for $39.87. Deals will be available online at 12:01am on Thanksgiving and in stores at 7am on Black Friday.


In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by more than 4 to 3 on Nasdaq. The broader S&P 500 lost 6 points to 2,578. Bitcoin climbed $123 to $6,579.


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