Business briefs

2013-06-18T00:00:00Z Business briefsFrom Wire Reports From Wire Reports Arizona Daily Star
June 18, 2013 12:00 am  • 

Netflix cuts TV deal with Dreamworks

Netflix's deal to air original television programming from Dreamworks Animation is a major coup for both companies.

Though financial details were not disclosed, Netflix Inc. said the agreement announced Monday is its biggest deal ever for original first-run content. It includes more than 300 hours of new episodes starting in 2014.

Oil briefly hits high for year, then dips

NEW YORK - The price of oil fell slightly after it climbed to a high for the year Monday, as the market waits to see the results of this week's Federal Reserve policy meeting.

Benchmark oil for July delivery fell 8 cents to finish at $97.77 a barrel on the New York Mercantile Exchange. Earlier, crude rose to $98.74, the highest level since mid-September.

Concerns that the conflict in Syria could spread and disrupt oil supplies from key producing countries has boosted oil prices.

EU, US agree at G-8 to start trade talks

The European Union and the United States will open negotiations next month on a long-sought deal to create free trade between the world's two mightiest economic regions, an effort designed to create millions of jobs that could take years to transform from dream to reality.

EU and U.S. leaders announced the plans Monday at the start of the G-8 summit of wealthy nations in Northern Ireland.

At stake is a vision of boosting the value of trans-Atlantic trade in goods and services that President Obama said already exceeds $1 trillion annually, as well as $4 trillion annually in investment in each other's economies.

Poll of homebuilders shows confidence

For the first time in seven years, most U.S. homebuilders are optimistic about home sales, the National Association of Home Builders/Wells Fargo builder sentiment index relased Monday shows.

Feds: Some 7-Elevens exploited immigrants

NEW YORK - Nine owners and managers of 7-Eleven stores across Long Island and in Virginia were charged Monday with making tens of millions of dollars by exploiting immigrants from Pakistan and the Philippines, in part by paying them using the stolen Social Security numbers of a child and three dead people while stealing most of their wages.

Google clears way for stock split

Google resolved a shareholder lawsuit blocking a long-delayed stock split, clearing the way for the Internet search leader to issue a new class of nonvoting shares later this year.

The Associated Press

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