George Askew

Baidu Tops Drop on Profitability Concern: China Overnight

Baidu Inc. led the benchmark index of Chinese stocks traded in New York to its lowest level in 2013 on concern plans by the nation’s most-used search engine to spend more developing its technology will sap profitability.

Netflix Move Sets Up Possible Sale or Spinoff of Qwikster

Netflix Inc.’s decision to split its DVD operation from the flagship streaming service isolates the shrinking mail-order business and paves the way for an eventual exit, analysts said.

Netflix Retreats From 3-Week-Old Plan to Separate DVD, Streaming Services

Netflix Inc., reacting to customer anger, retreated from a three-week-old decision to split its mail-order DVD and Internet-streaming services.

Netflix Tumbles After Quarterly Profit Outlook Misses Analyst Estimates

Netflix Inc. , the mail-order and online movie-rental service, fell in Nasdaq trading after an analyst downgraded the stock, saying increased competition and a push into the international market will force it to spend more.

Netflix Falls as Second-Quarter Profit Outlook Misses Estimates

Netflix Inc ., the DVD and online film-rental service, fell in extended trading after its second- quarter profit forecast missed analysts’ predictions.

S&P 500 Caps Biggest Gain Since August on Europe Support Pledge

U.S. stocks advanced, giving the Standard & Poor’s 500 its biggest rally since August, after the leaders of France and Germany pledged a plan to support European banks and stem the region’s debt crisis.

Netflix Discord Seen as Analysts Peg 66 Cent Loss to 96 Cent Profit: Tech

Netflix Inc., scheduled to report fourth-quarter results today, will seek to reassure investors that it has stemmed a subscriber revolt in the U.S. and is making progress toward a profit in Europe and Latin America.

Netflix Gains on Plan to Expand in Latin America, Caribbean

Netflix Inc., the DVD rental and film-streaming service, rose the most in more than five months in Nasdaq Stock Market trading after announcing plans to expand in Latin America and the Caribbean.

Apple Under Growing U.S. Pressure to Ease Software Limits

Apple Inc. , under growing scrutiny from antitrust regulators, may have to loosen restrictions on software developers and music labels to avoid legal wrangling with the government and prevent damage to how its brand is perceived by the public, lawyers and analysts said.

Netflix Quarterly Profit Jumps 34% on Subscriber Gain

Netflix Inc. , the mail-order and online movie-rental service, said second-quarter profit rose 34 percent. The shares fell after sales missed analysts’ estimates and the company said it will spend for more exclusive content.

"The real cause of the strategy shift could be higher-than-expected customer churn rates in late September and early October."

- George Askew on Oct 10, 2011

Reed Hastings

New York

Washington

Tony Wible

Israel to Halt Weapons Flow to Hezbollah, Analyst Says

Berkshire Cash Hits Record $49.1 Billion as Profit Climbs

Fusion Scientists See Progress as Obama Shows No Ardor

Billionaire Kaiser Exploiting Charity Loophole With Boats

China’s Cyberspies Outwit Model for Bond’s Q