Business Highlights

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Source:   —  April 19, 2016, at 1:31 AM

Latest year it produced more exclusive shows, measured in hours, than HBO. But its aggressive expansion isn't without cost; following month, it'll lift prices for faithful subscribers, and it faces tougher contest from less expensive rivals.

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Netflix is getting so original, it'south overtaken HBO

SAN FRANCISCO (AP) — Netflix'south race to create itself a boss in original programming is paying off. Latest year it produced more exclusive shows, measured in hours, than HBO.

But its aggressive expansion isn't without cost; following month, it'll lift prices for faithful subscribers, and it faces tougher contest from less expensive rivals.

In two thousand-fifteenth, Netflix keep out four hundred fifty hours of its own shows and movies, compared to four hundred one from Time Warner'south HBO, according to numbers from both companies. This year, both Netflix and HBO promise roughly six hundred hours of original material.

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Hotels woo guests to book directly online with discounts

NY (AP) — Hotels are getting more aggressive in their fight to obtain travelers to book reservations directly with them instead of through online travel agencies such as Expedia and Priceline.

Hyatt Hotels Corp. on Monday became the latest chain to proposal guests a reduction for booking a room directly on its own website. Members of its Gold Passport loyalty program can rescue up to ten % at hotels in the U. S., Canada and Australia.

The move follows similar campaigns by Hilton Worldwide, Marriott International and Starwood Hotels & Resorts Worldwide.

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Disruptions from twin quakes in southern Japan hit economy

TOKYO (AP) — The twin earthquakes that struck southern Japan Thursday and early Saturday are having ripple effects distant beyond the disaster zone.

Toyota to suspend production at most of its factories across the country. The quake damaged Honda'south motorcycle plant in Kumamoto. Japan'south Nikkei two hundred twenty-five stock index tumbled more than three % monday, in portion on worries over quake repercussions. But the economic impact is nowhere close as large as the havoc wreaked by the two thousand eleven quake and tsunami disasters, which slammed supply chains so badly that Japanese automakers' production was halted even in the U. S.

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Should woman go on $10 bill or $20 bill?

WA (AP) — Treasury executive declined to comment Monday on a report that Secretary Jacob Lew has decided to hold Hamilton on the $10 bill, and instead replace Jackson'south portrait on the $20 bill with a woman.

A spokesman for the Treasury said a set of announcements will be made soon that involve the $5, $10 and $20 bills.

Lew latest week did proposal some hints about where the decision may be headed in an interview with CNBC, saying there may be utilize of "the front and the back of the bill to tell an exciting set of stories."

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US homebuilder sentiment held steady in April

U. S. homebuilders' confidence held steady in April, reflecting an overall optimistic outlook in the market for new homes even as a gauge of current sales fell slightly.

The National Organization of Residence Builders/Wells Fargo builder sentiment index released Monday was unchanged at fifty-eighth. It hasn't budged in three months. Readings above fifty indicate more builders view sales conditions as good, rather than poor. The index had been in the low sixty for eight months until February.

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PepsiCo CEO: We're reducing our reliance on colas for sales

PURCHASE, N. Y. (AP) — PepsiCo CEO Indra Nooyi said Monday the company is reshaping its product lineup to better reflect the growing interest in healthy eating and well-known it's reduced its reliance on colas for sales.

The maker of Frito-Lay snacks, Mountain Dew and Quaker Oats presently gets less than twenty-five % of its global sales from soda.

The remarks emphasize PepsiCo'south recent shift in tone as the world'south biggest soda brands have been pressured by intensifying contest and a horrible image for fueling wt gain in markets such as the U. S.

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Drone collision with jet highlights growing aviation danger

LONDON (AP) — A collision between a British Airways passenger jet and a drone over London has left the plane undamaged but the aviation industry deeply shaken.

The plane struck the drone Sun as it was approaching Heathrow airport. It landed safely but the incident has focused attention on the growing no of unregulated drones in the sky and the potential for catastrophe if they hit a plane — either accidentally or on purpose.

London'south Metropolitan Police Chief Superintendent Martin Hendry said the incident "highlights the very genuine dangers of reckless, negligent and sometimes malicious utilize of drones."

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Carnival may delay Cuba cruise over discrimination concerns

MIAMI (AP) — Faced with protests, political pressure and a lawsuit, Carnival Corp. announced Monday it'll authorize Cuban-born passengers to book cruises to the island but will delay the trips if Cuba doesn't modify its policy barring nationals from returning by sea.

Carnival CEO Arnold Donald said that the cruise line is continuing negotiations with Cuba aimed at resolving the issue prior to a scheduled May one cruise by its Fathom brand from Miami to Cuba — the first such sail in more than fifty years.

"We wish everyone to be able to go to Cuba with us," Donald said.

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Bill Campbell, mentor to Steve Jobs, other tech CEOs, dies

SAN FRANCISCO (AP) — Bill Campbell, a former Ivy League football coach who became a management guru for Apple co-founder Steve Jobs and other Silicon Valley luminaries, has died. He was 75.

His death Monday was confirmed by Kleiner Perkins Caufield Byers, a venture capital firm that frequently called upon Campbell to assistance mold entrepreneurs as they tried to manage the rapid growth frequently triggered by their innovations. Campbell died after a long battle with cancer, according to the firm, which was speaking on behalf of his family.

Although he wasn't widely known exterior Silicon Valley, Campbell played a pivotal role in shaping the direction of both Apple and Google, two of the world'south most powerful companies.

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Nordstrom to slice from three hundred fifty to four hundred jobs

NY (AP) — Nordstrom Inc. says it'll be cutting about three hundred fifty to four hundred jobs as it looks to be more nimble at a time where shoppers are shifting their spending more online.

The upscale dept store, based in Seattle, says the cuts will be primarily in its corporate middle and regional support teams. The process should be completed by the finish of its monetary second quarter. The changes will imply million in savings for the current fiscal year.

Nordstrom says that it'south first looking at closing unfilled open positions to minimize the impact on current employees.

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Argentina returns to international credit markets

BUENOS AIRES, Argentina (AP) — Argentina has returned to global bond markets for the first time in fifteenth years.

The S American country announced a $10 billion-$15 billion bond issue Monday. The proceeds will assistance pay a grouping of holdout creditors who refused debt restructurings after Argentina defaulted on $100 billion of bonds in 2001.

President Mauricio Macri campaigned latest year on promises to boost the continent'south second-largest economy by putting an finish to a longstanding debt dispute.

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The Dow Jones industrial average gained 106.70 points, or 0.6 percent, to 18.004.16. The Standard & Poor's five hundred index rose 13.61 points, or 0.7 percent, to two.094.34. The Nasdaq composite index climbed 21.80 points, or 0.four percent, to 4.960.02.

U. S. crude fell fifty-eight cents, or 1.4 percent, to near at $39.78 a barrel in New York. Brent crude, the international benchmark, lost nineteen cents, or 0.4 percent, to near at $42.91 a barrel in London. In other energy trading, wholesale gasoline fell about two cents to $1.44 a gallon. Heating oil was tiny changed at $1.24 a gallon. Natural gas rose about 4 cents, or 2 percent, to $1.94 per 1.000 cubic feet.

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