Netflix has a history of surprising the industry. After progressing from red envelopes in the mailbox to streaming movies, Netflix may become a premiere network like HBO and Showtime.
Currency markets reversed some of the gains of the yen after the G-7 announced that they would intervene to reduce the value of the yen. The Japanese currency lost nearly two yen against the dollar on currency markets.
Dow average gains 161 points as traders send stocks up broadly. Dow is now positive for the year.
Other schools may provide comparable educational value. But Ivy League schools provide an incomparable social network that can help graduates throughout their careers.
It's official. On Feb. 14, China was recognized as the world's second-largest economy after the United States. Japan released its 2010 economic figures, announcing that its full-year GDP was $5.47 trillion – about 7 percent smaller than China's. But read between the lines and look beyond the top three rankings. You find that Americans are already convinced that the US has fallen behind China, that Japanese are not necessarily dismayed at the news that they've fallen to No. 3, and that other nations are showing notable economic changes.
Stock prices climb Monday in Asia and Europe. Stock prices expected to rise in the US.
Standard & Poor’s cut its rating on Japanese sovereign debt one notch last week, strengthening the naysayers. But with falling unemployment, large reserves, and rising corporate profits, 'Japan is punching well above its weight,' says one analyst.
Energy reserves available to the power grid for peak use could be cut in half, says an industry report, as power plants are retired for noncompliance with stiffer clean-air and clean-water rules.
Utilities may close up to 1 in 5 coal-fired power plants after tougher EPA air pollution rules go into effect next year, Wall Street investment banker Credit Suisse recently reported. Coal power is losing its price edge to natural gas, too.