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.
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.
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.
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.