Netflix’s growth in viewers around the world continues to gain momentum as subscribers in the fourth quarter and its forecast for the first quarter both beat analysts’ estimates. That sent its shares up by 9 per cent in after-hours trading to a new record high above $248.
Down in one. Rum and spirits maker Bacardi has agreed to take full control of Patrón Spirits International in a deal that attaches an enterprise value of $5.1bn to the owner of the eponymous, premium tequila brand.
Coinbase, a popular online wallet service for major virtual currencies, has hired an ex-Twitter vice president to shore up its customer service operations, which were overwhelmed in last year’s cryptocurrency boom.
The US government shutdown is set to end on Monday after Senate Republicans and Democrats said they have struck an agreement on spending and immigration that would allow the passage of a stopgap bill to keep the government open through the first week of February.
Tesco is to cut hundreds jobs from its UK operations, after Britain’s biggest retailer concluded it could operate more efficiently without its army of 1,700 “people managers”, “compliance managers” and “customer experience managers”.
Activist investor Carl Icahn and Darwin Deason, Xerox’s first- and third-largest shareholders, have clubbed together to push the US printer and photocopier company to explore strategic alternatives and force a change of leadership.
Ladbrokes Coral has warned that a crackdown on fixed-odds betting terminals would endanger the UK’s horseracing industry and cause tens of thousands of job losses, in an attempt to bolster support for bookmakers amid reports the government will announce severe restrictions on the controversial machines.