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Netflix plans price hike to offset content costs

2014-04-22 08:48:00| Telecompaper Headlines

(Telecompaper) Netflix added 4.0 million new customers in the first quarter, slightly more than expected, for a total 48.35 million streaming subscribers at the end of March. Its base rose by 2.25 million in the US to 35.67 million and increased by 1.76 million abroad to 12.68 million. The company passed USD 1 billion in streaming revenue in the quarter, up from USD 781 million a year earlier, and operating profit jumped to USD 98 million from USD 32 million a year ago. Net profit of USD 53 million or 86 cents a share was better than its outlook for stable profits versus Q4. Netflix warned that it expects US subscriber additions to slow in Q2 due to seasonality, while profits and cash flow will come under pressure in the second half from planned further expansion abroad and investments in original content. It plans a price increase of USD 1-2 for new customers in select countries to help offset the additional content costs. The company also announced plans to start launching on provider set-top boxes in the US, starting first with Tivo boxes. 

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Kimberly-Clark cuts costs to offset weak sales

2014-04-21 15:39:45| Paper - Topix.net

Kimberly-Clark Corp. Kleenex brand facial tissues sit on display for sale at a supermarket in Princeton, Illinois, U.S. Kimberly-Clark Corp. said its first-quarter earnings rose 1.3% as the consumer-products maker made up for weaker sales with lower product costs.

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Us Stocks-Wall St dips as data, sinking momentum shares offset earnings

2014-04-16 10:58:03| Beverages - Topix.net

U.S. stocks dipped on Tuesday, as gains in Coca Cola and Johnson & Johnson after their quarterly earnings were offset by mixed economic data and a resumed slide in momentum shares.

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Heidelberg unveils Anicolor digital offset press

2014-04-14 07:00:00| Label and Narrow Web Breaking News

The 29" Anicolor XL 75 is targeting the commercial, label, package printing and POP markets.

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JustGreen Helps National Parks Conservation Association Offset Their Carbon Footprint

2014-04-07 04:30:51| pollutiononline News Articles

JustGreenLifestyle, aJust Energy Group Inc.(NYSE/TSX: JE) brand and the National Parks Conservation Association (NPCA) are currently partners in an effort to help preserve our national parks and promote greener travel

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