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Netflix (NASDAQ:NFLX) set to Dominate TV as Viewership Reaches Mass Market Appeal

Netflix (NASDAQ:NFLX) set to Dominate TV as Viewership Reaches Mass Market Appeal

NEW YORK –  While analysts estimate that more than 40 percent of households in the United States receive all or part of their ‘television’ from streaming sites such as Netflix (NASDAQ:NFLX), it has been difficult to ascertain exact viewership figures.  However, that is about to change as Nielsen (NYSE:NLSN) announced on Tuesday that the company will begin measuring viewership of ... Read More »

An AOL-Yahoo Merger Might not Create Much Long-Term

An AOL-Yahoo Merger Might not Create Much Long-Term

NEW YORK – The push for AOL (NYSE:AOL) and Yahoo (NASDAQ:YHOO) to merge intensified last week as Starboard Value LP publically announced that the fund had urged both companies to merge. The announcement followed the release of a letter that Starboard sent to the boards of both companies in late-September. In the letter Starboard suggested that AOL would be the ... Read More »

Amazon (NASDAQ:AMZN) Ends Dispute with Book Publisher Hachette

Amazon (NASDAQ:AMZN) Ends Dispute with Book Publisher Hachette

NEW YORK – Amazon (NASDAQ:AMZN) and publisher Hachette announced on Thursday that their long-running dispute had been resolved as the companies reached an agreement over online and eBook sales. The dispute had been running since early-May when Amazon refused to give Hachette price control over the company’s eBooks on Amazon’s sites. Hachette criticized Amazon for ‘aggressive’ negotiating tactics which included ... Read More »

AT&T’s Stephenson Discusses Fiber Network and Mexican Expansion

AT&T’s Stephenson Discusses Fiber Network and Mexican Expansion

NEW YORK – The debate over net neutrality has created much confusion over the past six months with the high-stakes game pitting consumers and content providers against broadband network providers. On Wednesday, AT&T (NYSE:T) looked to up their ante as the company announced they would halt rollout of high-speed fiber optic service to 100 cities until the Federal Communications Commission ... Read More »

Bank of America Agrees To $17 Billion Settlement With DOJ

Bank of America, US Bancorp Settle Mortgage Bond Lawsuit

Bank of America Corp (NYSE:BAC) has finally agreed to pay close to $17 billion to end investigations into the risky mortgage-backed securities sold by the bank and its units before the financial crisis. The deal could be formally announced as early as today (Thursday), sources familiar with the settlement told Reuters. It will be the largest settlement between the federal ... Read More »

BHP Billiton Limited (BHP) Announces Spin Off; Stock Tumbles

BHP Billiton Limited

Anglo-Australian mining giant BHP Billiton Limited (NYSE:BHP) announced Tuesday that it would spin off some of its assets to form a new $14 billion metals and mining company. Most of those assets were acquired in a 2001 merger. BHP Billiton said the move will help it simplify operations and focus on the most profitable businesses. New York-listed shares of the ... Read More »

Bidding War Begins: Dollar General Outbids Dollar Tree To Acquire Family Dollar

Dollar General Outbids Dollar Tree To Acquire Family Dollar

Dollar General Corp (NYSE:DG) made an unsolicited offer on Monday to acquire Family Dollar Stores, Inc. (NYSE:FDO) for $9 billion in cash. The announcement pushed Dollar General’s stock up by 11.63% to $64.14 on Monday. Family Dollar also surged 4.93% to $79.81 on Monday’s close. Brick-and-mortar retailers have been struggling with weak traffic and a glut of stores. Dollar General ... Read More »

Tesla Motors Inc (TSLA) Extends Model S Warranty To Eight Years

Tesla Motors Inc TSLA Extends Model S Warranty

Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk announced Friday that the company has increased the drive unit warranty on its Model S sedan to eight years, with no limits on miles. The warranty extension now matches Tesla Motors Inc (NASDAQ:TSLA)’s battery pack warranty. It will be retroactive, and will apply even if the owners change over the warranty period. Musk ... Read More »

Yelp (NYSE:YELP) Posted Profits for the First Time

Yelp Posted Profits for the First Time

On July 30, Yelp Inc (NYSE:YELP) announced its second quarter earnings, where the company posted $2.7 million in net profit, its first profit since becoming a public company. The $2.7 million in profit came from total revenue of around $88.8 million, with an earnings per share of $0.04. Yelp is in the business of connecting people. It connects consumers to ... Read More »

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