Netflix May Jump to Cable TV

Oct 15, 2013 8:10am

Morning Money Memo…

Is the Netflix channel coming to cable? Several providers, including Cox Communications, Comcast and Charter, are in talks with the popular online streaming service. Netflix could be available on set-top boxes, widening viewer access to its subscription service. Netflix shares soared nearly 8 percent Monday when word of the talks first became known. Netflix and cable companies have been rivals, but by making the streaming service easier to access for consumers, cable providers may attempt to reduce the migration of viewers to online TV shows.

A change of policy by Twitter on direct messages will have a significant impact on many people who use the site. A new setting allows users to opt to receive direct messages from any follower. Until now users could only send them to those who followed them.

Angela Ahrendts, now CEO of the British luxury retailer Burberry, is going to Apple. She will oversee the expansion and operation of Apple’s retail and online stores. Ahrendts has been praised by retail analysts for turning around the Burberry brand. She will start her new job at Apple in the spring.

A new study finds CEOs at nonprofit hospitals earned an average of $600,000 a year — and in some cases, more than $3 million. But there was no link between high pay and good outcomes for patients. The study appears in today’s JAMA Internal Medicine.

The stock market likes what it’s hearing from Washington. Stock averages scored their fourth straight day of gains, powered higher after optimistic talk about progress in talks to end the government shutdown and avoid a government debt default. The Dow Jones index gained more than 520 points since the start of trading last Wednesday, Stock futures are up slightly this morning. On Monday, the Dow rose 64 points. The S&P 500 gained 7. Overseas markets rose today on hopes of a deal. The price of gold fell to a three month low this morning – down $20 an ounce to $1,256. The price of bullion has been volatile, falling sharply since last year.

Richard Davies Business Correspondent ABC News Radio abcnews.com Twitter: daviesnow

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