Netflix, Inc. (NASDAQ:NFLX): ”What we’re trying to do for TV, the model should extend pretty nicely to movies. Meaning, why not premiere movies on Netflix, the same day they’re opening in theaters?” said Netflix content chief Ted Sarandos. “And not little movies. Why not big movies? Why not follow the consumers’ desire to watch things when they want?” Sarandos’ comments spur speculations that Netflix may finance some big-budget films in the future after CFO David Well suggested on the third quarter conference call that his company would keep an open mind on the subject.
Nokia Corp. (NYSE:NOK): Nokia has reported non-IFRS EPS of 0.01 euros, with revenue of 5.66 billion euros as NSN’s operating margin and guidance are bringing shares of Nokia up over 8 percent. However, although each division saw declines — NSN fell 7 percent, HERE slid 20 percent, and Devices & Services dropped 19 percent — the losses were narrower than expected. Gross cash on hand (prior to the deal with Microsoft being completed) totaled 9.1 billion euros.
Sears Holdings Corp. (NASDAQ:SHLD): Sears Holdings has announced that Sears Canada has sold off five more store leases as it continues efforts to squeeze out value for shareholders, who are seemingly impressed by the maneuver. The shares are up over 8 percent. The retailer believes that the 51 percent stake in Sears Canada is worth around $651 million. Sears also notes that it will consider a separation of the Lands’ End brand and its Auto Center operation.
United Parcel Service (NYSE:UPS): UPS is about to launch an automated system that uses algorithms to seek out optimal routes for its drivers after more than a decade in development. The logistics company maintains that the new program will help save considerable amounts of fuel consumption and lower costs, as well as support the creation of new services.
Outerwall Inc. (NASDAQ:OUTR): Outerwall’s Redbox Instant joint venture with Verizon (NYSE:VZ) is now available for the PlayStation 3, where it will join the incumbent Netflix and Amazon Instant apps on Sony’s gaming platform. The move could help boost the subscriber base for the service, which analysts feel is a crucial component to Redbox’s success. A Redbox Instant subscription costs $8 a month and includes DVD and streaming rental rights.