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.
Netflix Inc., vanquishing Wall Street skepticism about its growth prospects, became the best- performing stock in the Standard & Poor’s 500 index after signing up more than 2 million new U.S. customers.
Netflix Inc. rose after BTIG Research initiated coverage of the video-streaming service with a buy rating and a $250 price target, saying subscriber growth and profitability will exceed expectations in the coming years.
The anesthesiolgists’ ball in December 2010 was already raging when Dr. Thomas Elardo and his wife arrived. It was 11 p.m., and the Opera House in downtown Los Gatos, California, was packed with nurses and doctors dancing to ’80s covers by The Microbes, an all-doctor band. Elardo climbed the stairs to the mezzanine bar and was immediately gladhanded by Bobby Sarnevesht, a local entrepreneur, and orthopedist Samir Sharma, who pulled Elardo aside.