Shares of CBS Corp. closed up 2.4% on Tuesday as the company said that it reached an agreement to offer it’s online streaming service CBS All Access on Apple Inc.’s new video streaming device Apple TV. Shares of Apple closed up nearly 2%. CBS All Access features most of the network’s content, but not National Football League games, or other programming owned by third parties. The cost of the service is $5.99 a month. Shares of CBS are down 20.5% in the year to date, underperformming Apple shares, up 3%, and the S&P, which is down a little more than 1%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News