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Netflix CEO Hastings says no plans for cheaper India offerings

SINGAPORE (Reuters) – Netflix (NFLX.O) chief executive Reed Hastings said that the streaming video company had no plans for cheaper prices in the hotly competitive India market and that an executive’s comments suggesting otherwise had been “misunderstood.” FILE PHOTO: Netflix’s Chief Executive Officer Reed Hastings delivers his keynote speech during ...

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Investors focus on retailers as wages rise

NEW YORK (Reuters) – U.S. companies are warning about rising wages eating into profit margins, increasing investor worries that next year’s expected drop in profit growth may be sharper than feared. FILE PHOTO – A sign for the Wall Street subway station is seen in the financial district in New ...

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Oil slide, China worries send Wall Street tumbling

NEW YORK (Reuters) – Wall Street’s three major stock indexes lost ground on Friday, after a week of recovery from the October sell-off, as oil prices fell further and more evidence of a slowing Chinese economy was reported. Oil prices fell nearly 1.0 percent on Friday, and have now seen ...

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Oil price fall, China data hit stocks

NEW YORK (Reuters) – Global stocks were on pace for their biggest drop in two weeks while oil prices weakened again on Friday and soft Chinese data hit demand for risky assets. U.S. stocks were broadly lower, with energy shares .SPNY falling more than 1 percent as benchmark Brent crude ...

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Oil falls below $70 as U.S. crude enters ‘bear market’

LONDON (Reuters) – Oil prices fell to multi-month lows on Friday as global supply increased and investors worried about the impact on fuel demand of lower economic growth and trade disputes. FILE PHOTO: Flames emerge from a pipeline at the oil fields in Basra, southeast of Baghdad, September 30, 2016. ...

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