Richard Broughton, director of broadband analysis at IHS, says Netflix's European prospects are good as it prepares to launch in new markets and records "rapid growth" in markets it's already in.» Read More
Investors seeking steady gains on innovation should look past tech buzz. When R&D productivity is measured, 'boring' stocks often lead.
Aug 5- Many options traders who had taken bets on a successful buyout of Time Warner Inc by Rupert Murdoch's Twenty-First Century Fox Inc are facing a grim lesson in the risks of betting on deals. Murdoch pulled the $80 billion offer after the close of trading on Tuesday, saying Time Warner management had refused to engage in discussions.
The FCC currently defines broadband, or high-speed Internet, as 4 Mbps download speed and 1 Mbps upload speed. "As more people adopt faster broadband speeds, we are asking if all consumers, even in the most rural regions, should have greater access to better broadband," FCC Chairman Tom Wheeler said in a statement.
Aug 5- Cablevision Systems Corp's subscriber losses doubled in the second quarter from the previous quarter as it cut down on promotions, sending its shares down as much as 7.8 percent.
In a "notice of inquiry" released on Tuesday, the FCC suggested that download speeds might need to be 10 Mbps to qualify as broadband and asked whether the minimum upload speed rate should also be higher.
With earnings from Time Warner and Twenty-First Century Fox this week, investors will be listening for what the reports mean for a potential deal.
Aug 5- Cablevision Systems Corp's subscriber losses doubled in the second quarter from the previous quarter as it cut down on promotions, sending its shares down as much as 6 percent.
Federal government workers were paid while watching porn and surfing Facebook because they had 'nothing to do.' Fiscal Times reports.
Rupert Murdoch's Twenty-First Century Fox is expected to make an aggressive case for merging with Time Warner during its quarterly earnings call.
Aug 4- Rupert Murdoch's Twenty-First Century Fox Inc is expected to make an aggressive case for merging with Time Warner Inc during its quarterly earnings call on Wednesday, though people familiar with the company's plans have said it would not use that forum to raise its bid.
Companies across industry groups—from food to technology to health care—are raising costs for the consumer.
July 31- Outerwall Inc's quarterly profit fell by more than half as fewer movie DVD releases led to lower revenue for its Redbox video rental kiosk business.
July 31- Time Warner Cable Inc, the second-largest U.S. cable operator, lost more video subscribers in the second quarter compared with the previous quarter.
Some of the names on the move ahead of the open.
Had you bought the worst S&P 500 stock each month this year and sold at the end of the month, you would have lost 85%, USA Today reports.
NEW YORK, July 29- With some of Wall Street's more volatile names set to report in the next couple of days, traders who bet on big swings in shares are hoping to see moves more like Facebook than Netflix. Netflix, along with Gilead Sciences and several other stocks famous for their sharp gyrations, were unusually calm following their latest quarterly reports.
TOKYO, July 29- Japan's Sony Corp is hammering out plans to rise from the ashes of nearly $10 billion lost in six years by building a future around its last consumer electronics blockbuster- the PlayStation.
Henry Blodget and Steve Milunovich say history is not repeating itself when it comes to tech stocks' valuations.
Many so-called momentum stocks have rebounded as economic data have been mixed and volatility remained low. Financial Times reports.
The successes of 'Orange is the New Black' and 'House of Cards' show that Netflix is ready to be a player in TV. Fiscal Times reports.