The company blamed its Q2 content slate and price increases for the subscriber miss.Technologyread more
Corporate earnings forecasts for the second quarter were lowered so much that companies are easily beating them.Market Insiderread more
The central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a...The Fedread more
IBM's year-over-year revenue has now declined for four quarters in a row. Impact from Red Hat is not yet factored into the company's guidance.Technologyread more
Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt. And growth is entirely dependent on Netflix's...Technologyread more
Prosecutors in Masschusetts have dropped a criminal case against actor Kevin Spacey, who had been accused of groping an 18-year-old man.Entertainmentread more
Yes, Netflix is losing "The Office" and "Friends" in the next two years. But that may not be a bad thing for the streaming company.Entertainmentread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
Trade negotiations between the world's two largest economies are stuck at a standstill, the Wall Street Journal reported Wednesday.Marketsread more
House Speaker Nancy Pelosi says she wants her chamber to vote on a debt ceiling and budget deal by July 26.Politicsread more
Philips has acquired a start-up that texts you about your poop. That's Medumo, a Boston-based company, which works with hospitals to guide their patients through common...Technologyread more
Check out which companies are making headlines before the bell:
Adobe Systems – The software maker beat estimates by 4 cents with quarterly profit of 54 cents per share. Revenue beat forecasts as well, but Adobe gave a disappointing current quarter forecast despite a rise in Creative Cloud subscriptions.
La Quinta Holdings – La Quinta announced the departure of CEO Wayne Goldberg "by mutual agreement." The hotel operator's Chief Financial Officer, Keith Cline, will serve as interim president and CEO while a search is conducted for a permanent chief executive. Citi downgraded the stock to "neutral" from "buy," citing uncertainty about future leadership.
Aetna – The health insurer was upgraded to "buy" from "hold" at Cantor Fitzgerald, which thinks Aetna's growing Medicare Advantage business has been undervalued by investors.
International Game Technology – The maker of gaming equipment was upgraded to "outperform" from "market perform" at Telsey Advisory Group, which cited strong cash flow among the key factors for its optimism.
Apple – Some Apple customers have been reporting crashed devices after updating them with the new iOS 9 operating system.
Bank of America – New York City pension funds say they will vote to strip Bank of America CEO Brian Moynihan of his chairman's title. BofA shareholders will vote Tuesday on a possible split of the chairman and CEO roles.
Cablevision – Cablevision employees who make more than $300,000 per year may see their jobs or salaries in danger, once Europe's Altice completes its deal to buy the cable operator. Patrick Drahi—the head of Altice—told a Goldman Sachs conference that more than 300 Cablevision employees are in that salary range, and that that will changed.
Facebook – Facebook plans to release a workplace version of its software by the end of this year, according to Facebook executive Julien Codorniou.
Equifax – Equifax is offering to buy Australian credit reporting agency Veda for about $1.6 billion dollars. Veda has acknowledged receiving a non-binding offer from U.S.-based Equifax.
Boeing – The jet maker is "insourcing" some of the work on its 747-8 jumbo jet after ending an agreement with supplier Triumph Group. The company will take over the assembly of fuselage panels, with the work to be done at a Macon, Georgia plant.
Buffalo Wild Wings – The restaurant chain is ending an ad campaign featuring comedian Steve Rannazzisi, after he admitted lying about being in the World Trade Center during the September 11th attacks in 2001.
Qualcomm – Qualcomm has cut more than 1,300 jobs in its San Diego facilities and hundreds of jobs in other markets. The chipmaker gave workers the required 60 days notice on Thursday.
AK Steel – The steel maker is projecting a much smaller than expected loss for its current quarter, thanks to cost-saving efforts and lower raw material expenses.
Texas Instruments – Texas Instruments is increasing its quarterly dividend by 12 percent to 38 cents per share, and the chipmaker has also added $7.5 billion to its share buyback program.
—By CNBC's Peter Schacknow
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