Netflix Inc. is finally killing the DVD-by-mail business that years ago made it one of the buzziest names on Wall Street, just as it reshapes itself with another new business model, one supported by ads and password crackdowns. As the two co-CEOs, Ted Sarandos and Greg Peters, had their first…
Netflix Inc.’s stock initially plunged in after-hours trading Tuesday, after the streaming giant posted weaker subscriber growth and forecast a smaller profit than Wall Street expected. But shares later erased most of their losses on company disclosures that its new ad-supported service is a success and its crackdown on shared…
A long-established report card grading air quality around the country has uncovered worrisome takeaways. For one, the American Lung Association, which issues the grades, finds that lung cancer among non-smokers is on the rise, with pollution considered a likely contributor.Second, communities of color are disproportionately exposed to unhealthy air and…
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By Kyle Morris ASML Holding NV said Wednesday that first-quarter net sales and gross margin beat guidance due to higher than expected extreme ultraviolet and deep ultraviolet revenue, but that net bookings dropped on quarter. The Dutch manufacturer of lithography systems for the semiconductor industry said that net income was…
By Michael Susin Heineken NV backed its full-year guidance on Wednesday on the back of robust pricing and after reporting increased revenue for the first quarter. The Dutch brewer said that the outlook for 2023 remains unchanged, with adjusted operating profit--the company's preferred metric, which strips out exceptional and other…
By Ed Frankl The U.K.'s inflation rate dipped less than expected in March, holding above 10%, as food and household-energy prices remained high, indicating that the Bank of England may need to act further to curb stubbornly high costs. Consumer prices increased 10.1% in March compared with the same month…
Glencore PLC GLEN, -1.10% said Wednesday that it would be prepared to consider improvements to its merger, demerger proposal for Teck Resources Ltd TECK, -1.13%. if its board were willing to engage with it, but would also be willing to go directly to its shareholders if not. The London-listed Anglo-Swiss…
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U.K. bond yields jumped Wednesday after data showing inflation lingering above 10%. The yield on the 2-year gilt TMBMKGB-02Y, 3.825% rose 13 basis points to 3.81% as the Office for National Statistics reported that inflation in March slowed to 10.1% year-over-year from 10.4%, and that core inflation stayed at 6.2%.…