On Monday, Shares of Netflix, Inc. (NASDAQ:NFLX), lost -6.81% to $96.88.
Netflix has collaborated with Japanese telecoms and internet giant SoftBank to launch its video-streaming service in Japan, according to CNBC.
SoftBank customers will be able to sign up for Netflix through SoftBank’s shops, website and call centers, in addition to through major electronics retailers, Netflix said on Monday.
Netflix also declared a tiered pricing structure starting at 650 yen ($5.41) per month for the basic plan, going up to 1,450 yen for the premium account, which comprises ultra-high definition streaming. CNBC Reports
SoftBank will start pre-installing the Netflix app on its smartphones for sale after October 2015. CNBC added.
Netflix, Inc., an Internet television network, engages in the Internet delivery of TV shows and movies directly on TVs, computers, and mobile devices in the United States and internationally. The company operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. It also provides DVDs-by-mail membership services.
Shares of American Airlines Group Inc. (NASDAQ:AAL), declined -5.36% to $37.62, during its last trading session.
The Abu Dhabi government last year injected $2.5 billion into Etihad Airways, new funding that critics say proves the Persian Gulf carrier is unfairly subsidized by the state in violation of air treaties with the U.S. government, according to WSJ.
The formerly unrevealed cash injection is detailed in state-owned Etihad’s financial statements, which were made public on Monday by the Partnership for Open & Fair Skies, a lobby group led by the three biggest U.S. airlines.
The group, which comprises several labor unions and U.S. carriers American Airlines Group Inc., United Continental Holdings Inc. and Delta Air Lines Inc., is pushing the U.S. government to limit the rapid growth of Etihad and its regional peers, Dubai’s Emirates Airline and Doha-based Qatar Airways. WSJ Reports
Etihad stated a net profit of $73 million last year on revenue of $5.86 billion, according to the airline’s financial statements, which are audited by KPMG LLP. Earnings were boosted by a one-off sale of a partner to another part of the group for $700 million. WSJ added.
American Airlines Group Inc., through its auxiliaries, operates in the airline industry. As of December 31, 2014, the company operated 983 mainline jets, in addition to 566 regional aircrafts through regional airline auxiliaries and third-party regional carriers. It serves 339 destinations in 54 countries.
Finally, Oasis Petroleum Inc. (NYSE:OAS), ended its last trade with -10.54% loss, and closed at $8.23, as oil prices tumbled more than 5 percent on Monday as markets worried about a China-led global economic slowdown that would drastically hit oil consumption at a time of plentiful supply, according to CNBC.
U.S. light crude closed down $2.21, or 5.5 percent, at $38.24 a barrel, which was the lowest since February 2009. Steep losses last week capped the contract’s longest weekly losing streak since 1986. CNBC Reports
Brent crude was trading down $2.70, or about 6 percent, at $42.80 a barrel, after hitting a session low of $42.51, its weakest since March 11, 2009. CNBC added.
Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin.
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