Reed Hastings 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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J.C. Penney Co. is apologizing.
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Netflix Inc. Chief Executive Officer Reed Hastings received $5.54 million in pay last year based on Securities and Exchange Commission rules, down 40 percent from 2011, according to the company’s proxy filing.
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Netflix Inc. has won over consumers and Hollywood with its mix of TV reruns, old movies and original shows, all for $7.99-a-month with liberal policies that let family and friends share one account.
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Shares in Viacom Inc. rose after the owner of cable networks Nickelodeon and MTV reported fiscal second-quarter profit that exceeded analysts’ estimates on improved advertising sales.
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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.
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Netflix Inc. Chief Executive Officer Reed Hastings posted quarterly viewer data on Facebook, a day after announcing he’d take advantage of new rules that allow material information to be disclosed over social media.
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Facebook Inc. Chief Operating Officer Sheryl Sandberg received $26.2 million in compensation last year, making her the highest paid executive at the world’s largest social-networking service for a second straight year.
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Twitter Inc. plans to bolster security on its site after the account of the Associated Press news service was hacked and an erroneous post triggered a stock- market decline, according to a person familiar with the matter.
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Twitter Inc. plans to bolster security on its site after the account of the Associated Press news service was hacked and an erroneous post triggered a stock- market decline, according to a person familiar with the matter.
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