Business Highlights
SAN FRANCISCO (AP) — Netflix is testing the financial limits of its streaming video service as the rising cost of producing original programming pushes up subscription prices.
While the latest quarterly subscriber gain exceeded management's modest projections, it fell far below the 880,000 U.S. customers that Netflix picked up at the same time last year.
Almost a decade after the financial crisis that ravaged the global economy, analysts and top officials are warning that too many banks in Europe are struggling financially, keeping them from lending to companies and fostering growth.
The International Monetary Fund, U.S. Treasury Secretary Jacob Lew, and European Central Bank chief Mario Draghi say something has to be done if Europe's economy is to gain more traction and bring down unemployment.
Major U.S. stock indexes closed modestly lower Monday, with some of the biggest declines coming in oil and gas companies as energy prices turned lower.
Utilities and telecom stocks, which pay large dividends, bucked the downward trend as bond yields fell.
WASHINGTON (AP) — U.S. manufacturers boosted output modestly last month, led by greater production of construction supplies, autos and petroleum products.
NEW YORK (AP) — Bank of America's third-quarter profits rose nearly 6 percent, helped by strong results in investment banking and trading as well as lower expenses.
The consumer banking giant said Monday it earned $4.45 billion in the three months ending in September after paying dividends to preferred shareholders, up from $4.178 billion in the same period a year earlier.
PAWTUCKET, R.I. (AP) — Hasbro Inc. reported record third-quarter revenue and strong earnings Monday on strong growth in its games division, while getting a bigger boost from sales to girls through tie-ins with Disney and DreamWorks movies.
With less than 70 days until Christmas and the shopping season around the corner, the toymaker mai