Tuesday 26 March 2019

Reuters Before the Bell: Netflix pilots $4 mobile plan in India to woo users

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Tuesday, March 26, 2019
Netflix pilots $4 mobile plan in India to woo users
Netflix Inc is testing a 250 rupee ($3.63) monthly subscription for mobile devices in India, the video streaming giant said, aiming to boost its presence in a price-sensitive market where data consumption on smartphones is surging.
OxyContin maker Purdue agrees to settle Oklahoma opioid case: source
Purdue Pharma LP has agreed to settle a lawsuit by the state of Oklahoma accusing the OxyContin painkiller maker of helping fuel an opioid abuse epidemic, a person familiar with the matter said.
Futures edge higher after two sessions of declines
U.S. stock index futures edged higher on Tuesday, looking to bounce back from two sessions of declines triggered by pessimism around global growth.
Airbus shares take off after bumper Beijing order
Airbus shares rose on Tuesday after the European planemaker won a deal worth tens of billions of dollars to sell 300 aircraft to China.
Ethiopian crash report likely to be released this week as Boeing briefs airlines
A preliminary report on an Ethiopian Airlines crash will very likely be released this week, the country's transport ministry said on Tuesday, as Boeing prepares to brief more airlines on software and training updates on the 737 MAX.
China not taking Boeing 737 Max 8 airworthiness certificate applications
China's civil aviation regulator has stopped taking applications for Boeing 737 Max 8 airworthiness certification since March 21, an official at the regulator's news department said on Tuesday.
China's Huawei sees little impact on sales from U.S. broadside
The U.S. campaign against China's Huawei is having little impact on the company's sales and it is unlikely many countries will follow the United States in banning Huawei from building next-generation mobile networks, its rotating Chairman Eric Xu said.
Spotify to buy third podcast company Parcast
Spotify Technology SA said on Tuesday it has agreed to buy Parcast, the third podcast company it is purchasing in two months, in an ongoing quest to transform itself into the Netflix of audio.
Trump foe Avenatti charged with trying to extort $20 million from Nike
Attorney Michael Avenatti, who represented adult film star Stormy Daniels in her legal battles with U.S. President Donald Trump, was charged on Monday with what prosecutors said was an attempt to "shake down" Nike Inc for over $20 million.
Recession obsession keeps the mood subdued
Calm returned to global markets on Tuesday as a steadier day for Europe and Asia's bourses and a tick higher in benchmark bond yields helped ease nerves after a jarring few days dominated by recession worries.
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