David Wells News
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Netflix Inc., the dominant subscription video-streaming service, rose to its highest since August 2011 after saying its revival of the cult TV show “Arrested Development” could help second-quarter results.
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Netflix Inc., the biggest online video-subscription service, said it will raise capital “as needed” to fund original programming while its expansion outside the U.S. absorbs cash.
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Goldman Sachs Group Inc. reached an agreement with an investor for the second straight year to drop a proposal from its annual meeting that called for an independent board chairman.
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Former New York Yankees pitcher David Wells is selling a cap worn by Babe Ruth to help pay for baseball field renovations at his San Diego high school.
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Attorney Olivier Metzner says thousands of Societe Generale SA’s own computer records will clear his client, Jerome Kerviel, of responsibility for the bank’s record 4.9 billion-euro ($6 billion) trading loss, Bloomberg News’ Alan Katz and Heather Smith report.
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Netflix Inc. said changes to its mail-order and streaming services and pricing have angered customers and led to subscriber volatility.
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Netflix Inc. named David Wells as chief financial officer to succeed Barry McCarthy, who has expressed a desire to pursue “broader executive opportunities” outside the company. The change is effective December 10. Wells joined Netflix in 2004.
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California and New York, along with Florida, agreed to join more than 40 other states in a nationwide settlement 16 months in the making that seeks to end abusive bank foreclosure practices that followed the collapse of the housing bubble, a person familiar with the matter said.
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Goldman Sachs Group Inc., the fifth- largest U.S. bank by assets, said Stephen Friedman will retire from its board of directors on May 22.
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Netflix Inc. , the online and DVD film rental service, named David Wells to replace Chief Financial Officer Barry McCarthy . The shares fell in extended trading.
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