- Netflix shares are set to bounce on Tuesday after the mail-order movie company issued bullish guidance and announced a stock buy-back. Chief executive Reed Hastings said a key part of the company’s growth came from interest in its Internet streaming services, suggesting Netflix could be making headway in its ambition to be a major player in the on-demand video market.
- With demand for its microchips weak because of slumping mobile phone and TV sales, Texas Instruments reported grim Q4 and 2008 earnings. It also announced 3,400 job cuts, contributing to the Monday total of 75,000 jobs lost around the world.
© The Financial Times Ltd 2013 FT and 'Financial Times' are trademarks of The Financial Times Ltd.