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(Reuters) – Netflix Inc is seeking to increase its share authorization by nearly 30 times, the video streaming service said in a filing with regulators. The company is seeking shareholder approval to increase the number of shares authorized to 5 billion from the current 170 million, a regulatory filing showed. The move by Los Gatos, California-based Netflix, whose stock has traded at above $300 for a year-and-a-half, indicates a first
The U.S. Patent Office on Friday revoked key elements of a Texas company’s patent, which the firm deployed in high-profile legal actions to claim ownership over a method for distributing podcasts and video episodes on the Internet. Personal Audio LLC has drawn criticism for demanding licensing fees under its patent protections, which detractors like podcasters say threatens to undermine the widely used means of placing content online and were not
With earnings season underway, Wall Street is temporarily putting the U.S. Federal Reserve and macroeconomic policy on the back burner in favor of a focus on individual company results and forecasts for a pulse on the economy’s health. A slew of big banks, including JPMorgan Chase & Co and Bank of America Corp, is due to report first-quarter earnings next week, providing an expected bright spot in an otherwise gloomy
Zoe Saldana says she weighed up to 185 pounds while pregnant with her and husband Marco Perego’s twins last year and that her body was “really bent out of shape” after they were…
Jessica Biel and Justin Timberlake are finally parents! The 33-year-old actress has given birth to a baby boy, Silas Randall Timberlake, the couple’s reps told People magazine on…
It really is a Fast & Furious family. The late Paul Walker’s daughter Meadow Walker shared a sweet snapshot of herself hanging out with a few of her dad’s co-stars from the…
Is Eddie Redmayne going to be one of the stars who will soon be filling us in on where to locate all of the fantastic beasts? The Oscar winner is reportedly in talks to star in the…
There’s a day for everything these, um, days, so of course there’s a special spot on the calendar to celebrate those special people in our lives we call siblings. Yep, April 10…
Even with all the fanfare surrounding Khloé and Kim Kardashian’s trip to Armenia this week, it was impossible not to notice that their big sister wasn’t along for the…
He’s alive! But wait… The upcoming sequel of Independence Day has added two more notable stars to their cast, but that’s not exactly what has everyone…
