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(OME) on Wednesday reported revenue fell 20% in the most recent quarter, driven a sales decline in its nutrition businesses. Mortgage company PHH Corp. (PHH) said Wednesday it will review its strategic options, citing the effects of "changing industry and regulatory dynamics." Mobile-payments company Square Inc. (SQ) on Wednesday reported a 49% revenue increase in the December quarter though quarterly loss widened on higher spending. Tailored Brands Inc. (TLRD), the former Men's Wearhouse, will close roughly 250 stores, including all its outlet stores, seeking to revamp operations after ending the year with a $1 billion net loss. The loss was driven by $1.2 billion in impairment charges as it wrote down the value of Jos. A. Bank, its one-time rival, which Men's Wearhouse bought in 2014 for $1.8 billion. Valeant Pharmaceuticals International Inc.

Porsche, meanwhile, has decided to postpone "planned activities" with Sharapova. The German automaker says it wants to analyze further details. Sharapova is recognized as the world's highest-paid female athlete, earning $29.7 million dollars in prize money and endorsements between June 2014 and 2015, according to Forbes. The player also enjoys deals with the likes of American Express and Evian. Sponsors have moved more quickly to disassociate themselves with athletes since some got "burned" by sticking by Lance Armstrong and others during scandals, said Manish Tripathi, an Emory University marketing professor who studies sports. Swift social media spillover has also made companies react more quickly, he added. Sharapova's recent stretch of injuries and poor performance makes sponsors' decisions easier, Tripathi noted. "It was easier for Nike and others to cut ties because she has been completely overshadowed recently by other players such as Serena Williams. It makes more sense to potentially bet on other upcoming stars or invest more in stars like Serena," he said.

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