October 22, 2013 in Business

Microsoft pulls update to Windows 8 RT

From Wire Reports
 

REDMOND, Wash. – Microsoft says a problem caused when updating computers to Windows 8.1 RT is limited to its own Surface RT devices.

The issue was discovered over the weekend. Some users who tried to download an update to the year-old Windows 8 RT operating system would find their machines would shut off during the download and become inoperable, a phenomenon known as “bricking.”

Microsoft said Monday the problem affected fewer than 1 out of every 1,000 Surface RT machines. It hasn’t yet found out what the problem is exactly.

For now, the Windows 8.1 RT download has been removed from the Windows Store.

Netflix reports jump in subscribers

LOS GATOS, Calif. – Netflix’s earnings quadrupled as its lineup of original programming helped the Internet video subscription service attract 1.3 million more U.S. subscribers during its latest quarter.

The Los Gatos company ended September with 31 million U.S. subscribers, eclipsing the estimated 29 million subscribers that HBO’s 41-year-old pay-TV channel is believed to have.

Netflix earned $32 million, or 52 cents per share, in the third quarter. That compared with income of $7.7 million, or 13 cents per share, at the same time last year.

Revenue rose 22 percent from last year to $1.1 billion.

Kohl’s will be open on Thanksgiving night

MENOMONEE FALLS, Wis. – Kohl’s Department Stores says it will open its doors on Thanksgiving for the first time, adding to the growing ranks of retailers trying to get a jump start on the holiday shopping season.

This critical shopping season used to start on the Friday after Thanksgiving. Retailers have been nudging their opening times earlier over the years in response to intense competition and tough economic times. Department store chain Macy’s Inc. said last week that it also would open on Thanksgiving.

Kohl’s said Monday that it will open its doors at 8 p.m. on Thanksgiving Day and remain open all day Friday.

Consortium wins auction for oil field off Brazil shore

RIO DE JANEIRO – Brazil’s government says a consortium including petroleum companies Shell, Total, two Chinese firms and Petrobras has won the auction to develop a massive offshore oil block.

It’s the first oil auction held under Brazil’s new rules that give more power to state-run Petrobras.

The Brazilian firm will be the sole operator and owns a 40 percent stake of the Libra oil field. It could hold upward of 12 billion barrels.

Both Shell and Total will own 20 percent, while Chinese companies CNOOC and CNPC each took 10 percent.

Under the new rules for offshore auctions, Petrobras is the sole operator of fields and must hold a minimum 30 percent stake in them.

Halliburton income up 17 percent in 3Q

HOUSTON – Halliburton Co.’s third-quarter net income climbed 17 percent as revenue rose overseas. Its adjusted results topped analysts’ estimates.

For the three months ended Sept. 30, the Houston-based oilfield operator earned $706 million, or 79 cents per share. A year earlier it earned $602 million, or 65 cents per share.

Removing restructuring charges, income from continuing operations was 83 cents per share.

Analysts predicted earnings of 82 cents per share.


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