Membership jumps as Netflix pumps original shows

Netflix on Wednesday said that membership jumped 3.3 million last quarter, crediting original shows such as "Orange is the New Black" that have been hits with viewers.

LG profit sinks as smartphone business suffers loss

LG Electronics said Thursday its mobile communications division suffered its first operating loss in more than a year, dragging down the company's overall earnings for the third quarter.

Cisco to cut 6,000 jobs in streamlining

US computer networking giant Cisco Systems said Wednesday it plans to slash some 6,000 jobs, or eight percent of its global workforce in the coming year.

Netflix membership surges past 60 million

Netflix on Wednesday reported an unprecedented jump in subscribers in the first quarter of this year, pushing the streaming television service membership above 60 million.

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