Netflix (NASDAQ:NFLX) is splitting more than just hairs with its new pricing plan. The company will be splitting its DVD mail and streaming movie service by rebranding its DVD mail service and naming it “Qwikster,” which means quick delivery. The streaming video service will retain the Netflix name. Last Thursday, the company announced an estimated one million reduction in third quarter subscribers. Netflix competes for viewers with Redbox (NASDAQ:CSTR), Amazon (NASDAQ:AMZN), and Apple (NASDAQ:AAPL). Shares are up over 1% in pre-market trading.
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Staying with the splitting theme, Tyco International (NYSE:TYC) announced that it would separate into three publicly traded companies. The three companies include: security business ADT North America, flow control products and services, and a commercial fire and security business. Shares popped 7% on the news in pre-market trading.
Agnico-Eagle Mines (NYSE:AEM) has agreed to buy junior natural resource company Grayd in a $281 million deal. Agnico-Eagle Mines engages in the exploration, development, and production of valuable resources such as gold (NYSE:GLD), silver (NYSE:SLV) and copper (NYSE:JJC). Shares rose to nearly $70 on the positive news.
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