Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
The company blamed its Q2 content slate and price increases for the subscriber miss.Technologyread 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
The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep. Al Green.Politicsread more
See which stocks are posting big moves after the bell on July 17.Market Insiderread more
Silicon Valley workers say they gravitate toward Yang, who is running for president as a Democrat, because of his approach to research and understanding of tech's moral...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
"The passport contains numerous ingress and egress stamps, including stamps that reflect use of the passport to enter France, Spain, the United Kingdom, and Saudi Arabia in...Politicsread more
Loup Ventures founder Gene Munster told CNBC's "Fast Money" on Wednesday that Netflix's disappointing second quarter results are a turning point for the company, saying the...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
Aetna, which has agreed to be bought by CVS Health, reported a higher-than-expected quarterly profit on Tuesday, partly due to higher premium yields in the health insurer's commercial and government businesses.
U.S. drugstore operator CVS agreed in December to acquire Aetna for $69 billion, seeking to tackle soaring healthcare spending through lower-cost medical services in pharmacies.
The CVS-Aetna deal will combine one of the nation's largest pharmacy benefits managers (PBMs) and pharmacy operators with one of its oldest health insurers, whose national business ranges from employer healthcare to government plans.
Aetna, which expects the deal with CVS to close in the second half of 2018, said the U.S. tax reform will increase gross 2018 adjusted earnings by about $800 million.
Net income attributable to Aetna rose to $244 million, or 74 cents per share, in the fourth quarter ended Dec. 31, from $139 million, or 39 cents per share, a year earlier.
Excluding items, the company earned $1.25 per share, beating analysts' average estimate of $1.20, according to Thomson Reuters I/B/E/S.
Total revenue fell nearly 6 percent to $14.85 billion, but inched ahead of analysts' estimate of $14.83 billion.