Blockbuster shares tumble 13 percent after-hours as 3Q loss widens, 115 stores to be closed
Blockbuster 3Q loss widens, closing 115 stores Best Buy nudges customers away from DVD aisles in new partnership with CinemaNow
Best Buy embraces digital delivery of home video Correction: Postal worker theft storySPRINGFIELD, Mass. — In a Sept. 22 story about a postal worker pleading guilty to stealing Netflix DVDs, The Associated Press misstated the number of DVDs stolen. Myles Weathers pleaded guilty to stealing more than 3,000 DVDs, not 30,000. Mass. postal worker pleads guilty to stealing 30,000-plus DVDs sent by Netflix to customersSPRINGFIELD, Mass. — A former postal service employee has pleaded guilty to stealing more than 30,000 DVDs that moved through a western Massachusetts post office. Netflix names BellKor team winner of $1 million prize to improve movie recommendationsNEW YORK — Netflix Inc. declared a seven-member group of researchers, scientists and engineers from around the world as winners Monday of its three-year, $1 million contest to improve its movie recommendation system by at least 10 percent. Blockbuster may close as many as 960 stores to cut costs amid fierce competitionSAN FRANCISCO — Blockbuster Inc. may close as many as 960 stores by the end of next year, shedding more dead weight as the struggling video rental chain tries to reverse its losses and fend off rapidly growing rivals Netflix Inc. and Redbox. |
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