Netflix added more global subscribers than expected in the fourth quarter, as the video streaming service provider kept viewers hooked with critically acclaimed shows such as "Stranger Things," sending its shares up in aftermarket trading to a record.
Business & Financial News, U.S & International Breaking News
Exclusive: Ackman cuts staff, shuns limelight as he seeks to turn around fund
William Ackman is cutting almost a fifth of staff and looking to lower his public profile as he seeks to turn around Pershing Square Capital Management after three straight years of losses, people familiar with the move told Reuters on Monday.
Bacardi to buy high-end tequila maker Patron in $5.1 billion deal
Bacardi Ltd said on Monday it would buy high-end tequila maker Patron Spirits International AG in a $5.1 billion deal, hoping to become the second largest spirits company in the United States by market value.
Turkey expects swift campaign against U.S.-backed Kurds in Syria
Turkey shelled targets in northwest Syria on Monday and said it would swiftly crush U.S.-backed Kurdish YPG fighters in an air and ground offensive on the Afrin region beyond its border.
Puerto Rico to sell off crippled power utility PREPA
Puerto Rico said on Monday it would sell off its troubled power utility to the private sector, saying the process could take roughly 18 months to complete.
Stocks hit record as senators reach deal to end shutdown
U.S. stocks advanced on Monday as each of Wall Street's main scored records in the wake of a deal by U.S. senators to end the federal government shutdown.
Facebook should pay 'trusted' news publishers carriage fee: Murdoch
Media mogul Rupert Murdoch on Monday called on Facebook to pay "trusted" news publishers a carriage fee, similar to the model used by cable companies, amid efforts by the social media company to fight misinformation on its platform.
Exp: Jan 18
Exp: Jan 18
Exp: Feb 18
U.S. girls' accessories retailer Claire's Stores Inc has hired investment bank Lazard Ltd to advise it on ways to address its debt burden, it told Reuters on Monday, as several brick-and-mortar store operators suffer from a drop in mall traffic.