Netflix Inc lost more customers than it anticipated in the third quarter and warned of still more defections to come, pushing its shares down almost 20 percent as the one-time Wall Street star grapples with the fallout from a price hike and other unpopular moves.
Netflix reported an increase in revenue and profit, but for this subscription-based service, its heavy loss of subscribers is cause to worry.
Netflix announced third-quarter Monday, and the company expects to take a big hit from its price hike, and flip-flopping on Qwikster.
Wall Street was set for a higher open on Monday as strong earnings from Caterpillar offset concerns European policymakers were struggling to narrow differences in tackling the region's debt crisis.
S&P 500 index futures were little changed on Monday as European policymakers differed over the size of sovereign debt losses that private bondholders will have to accept, but strong earnings from Caterpillar put a floor on losses.
Stock index futures edged lower on Monday after the S&P 500 posted its third straight week of gains as investors had doubts European policymakers would come up with an agreement to fix the region's debt crisis.
After a slew of rumors circulated in the web for some time, since 2010, Netfix has officially announced its expansion to the UK and Ireland early 2012.
Stock futures pointed to a higher open for equities on Wall Street on Monday, building on sharp gains in the previous session, with futures for the S&P 500, Dow Jones and Nasdaq 100 up 0.4 to 0.5 percent.
The companies that are expected to see active trade on Monday are: Caterpillar, Amgen, Invesco, Texas Instruments, Netflix, Eaton, Kimberly Clark, Masco, VF and Zions Bancorporation.
The major online streaming service is coming to Nintendo devices by the end of the year.
Motorola introduced the new Droid RAZR Tuesday, adding a new smartphone to the competition after the iPhone 4S was released in stores on Friday. Motorola seeks to target this market of die-hard smartphone fans, but can the new Motorola Droid RAZR compete with the popular iPhone 4s? We look at the expected specs and features of the new Motorola Droid RAZR and compare it with the current iPhone 4S.
Motorola Mobility revived its once best-selling Razr brand to tout its latest gadget, the Droid Razr, as the world's slimmest smartphone.
Surviving a zombie apocalypse is complicated business, but watching a drama about a zombie apocalypse shouldn't be.
What will Google buy with all that cash? Here are some suggestions.
Thursday's cancellation of the Hulu auction had less to do with the $2 billion sale price and more to do with a shift in strategic perspective among the owners.
Internet entertainment site Hulu is no longer for sale, keeping it for now under the umbrellas of media giants Walt Disney, News Corp. and Comcast UniversalNBC.
Trojan horse virus steals your information if you download this phony Netflix app.
Apple Inc.'s iPhone 4S, which was unveiled on Oct. 4, has already become a huge success among customers, even before it went on sale in stores across the globe Friday.
Steve Jobs always use to titillate audiences with his famous “Oh, and one more thing” line at the end of his product intros — saving the best and most groundbreaking stuff just as he was walking off stage.
Conde Nast's new president of entertainment Dawn Ostroff saw the potential in cable TV before many of her peers. Nowadays, she's excited about the digital future.
Netflix hiked its prices and split its DVD and streaming services. One month later, the company is undoing the split and combining its services again. Can Netflix regain fan favor with Reed Hastings as CEO?
Facebook is completely redesigning its layout, but online consternation grows due to privacy issues.