Netflix shifts to streaming only plan amid price increase
Netflix announces a streaming first plan moving away from mailed DVDs. The change, led by Reed Hastings, raises prices for DVD-inclusive plans and boosts licenses for streaming content as subscribers top streaming over DVDs. The new streaming-only option costs 7.99 monthly, with a 9.99 plan combining one DVD rental and unlimited streaming. Current members see the price change in January.
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Canada
Feds raid three hedge funds over trading probe
FBI raids Level Global Investors in New York Diamondback Capital in Stamford and Loch Capital in Boston as part of a broader insider trading inquiry. Officials say warrants were executed in three states and no court documents are released. Level Global confirms the visit and cooperation.
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Boston
Loch Capital Management LLC
Level Global
Ireland teeters as bailout looms and government turmoil grows
Ireland faces a political crisis as the government accepts a major EU IMF bailout worth about 135 billion dollars. Prime Minister Cowen plans an early election after the emergency budget, while Sinn Fein protesters clash with police outside his Dublin office.
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Greece
Ohio gas prices fall 11 cents ahead of holiday travel
Ohio drivers see regular grade gas drop to 2.79 per gallon from 2.90 amid a busy travel week. Nationwide prices rise 5 cents in a month as oil costs and refinery output shift and the dollar weakens. Delta to consider refunds for travelers wary of new security steps while American keeps ticket policies. GE to build 51 million R D center on University of Dayton property focusing on electric power systems with 7.6 million from Ohio Third Frontier.
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