Stung by the recent success of rival Blockbuster Inc. (BBI), online DVD rental pioneer Netflix Inc. (NFLX) battled back in the third quarter with lower prices that revived subscriber growth and catapulted its profit well beyond analyst expectations. The news, released after the stock market closed Monday, lifted Netflix’s stock price more than 13 percent in after-hours trading.
EADS executives
European Aeronautic Defence & Space Co. (EAD) executives defended themselves against accusations of insider trading Monday as shareholders of Airbus’ parent company approved a revamped management structure designed to end the France-Germany rivalry that hurt the A380 superjumbo. EADS chairman Rudiger Grube urged shareholders to look past the scandal.
