Archive for the ‘Bussiness and Finances News’ Category

Netflix (NFLX) Backs Down on Qwikster

Tuesday, October 11th, 2011 314 views

Netflix, nflxThe management team at Netflix Inc. (NASDAQ: NFLX) apparently spent the weekend attempting to come up using a strategy to back down from the company’s recent announcement that it would split its company into a streaming-only service and a DVD-by-mail service to be known as Qwikster. Consumer accounts, now unified below just the Netflix name, could be split in order that if a client had each the streaming and the DVD service, that unlucky soul would need to handle two accounts and spend two bills.

An announcement appeared around the Netflix weblog this morning, in which CEO Reed Hastings says that “we are going to keep Netflix as one place to go for streaming and DVDs … in other words, no Qwikster.” He goes on to say, “While the July price change was necessary, we are now done with price changes.” In other words, what utilised to price $10 now fees $16, so get over it.

You’ll find too numerous possibilities readily available for Netflix to count on holding consumers who believe they may be becoming overcharged. The company’s stock is up more than 10% inside the pre-market this morning, at $127.58, in a 52-week range of $107.63-$304.79. That’s nevertheless pretty weak for a stock that closed above $200/share much less than a month ago.

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United Technologies To Buy Goodrich

Thursday, September 22nd, 2011 284 views

Industrial conglomerate United Technologies Corp. is purchasing aerospace manufacturer Goodrich Corp. inside a deal valued at $18.4 billion, including the assumption of $1.9 billion in debt.

The deal had been rumored for days, sending Goodrich’s shares soaring. The stock was up much more than 11 percent to $122 in aftermarket trading right after word in the deal broke late Wednesday. United Technologies mentioned it will pay $127.50 a share in cash for Goodrich, that is based in Charlotte, N.C., and has 27,000 staff.

The total deal value amounts to a 16 % premium more than Goodrich’s closing stock price Wednesday of $109.49. It really is a 47 % premium above the stock’s price last Thursday, before word of a pending deal very first leaked. Hartford, Conn.-based United Technologies said it expects to finance the deal by way of a combination of debt and by issuing stock.

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Amazon Kindle Library Lending Rolls Out

Thursday, September 22nd, 2011 293 views

Amazon has just launched Amazon Kindle Library Lending. A fresh initiative that will allow Kindle owners to “check out” e-books from library websites. It’s a rather cool feature. Users will log onto the site of a participating library, search for any book, and if an e-book version is obtainable, a “Send to Kindle” alternative is going to be active. As soon as customers decide on that, they’ll need to have to enter a valid library card quantity, after which the transaction is going to be completed through Amazon’s servers. All of this transpires at no charge to the finish user.

You can find an astounding 11,000 participating libraries, meaning just about for those who have a library card, you’ll be able to make the most of the system. Libraries each set their own “loan” times, but right after the digital book’s “due date,” it’ll grow to be inactive unless the user decides to examine it out once again. And in contrast to classic library books, the Kindle lending program encourages users to take notes although reading.

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