My reaction to the first line: "Sweet, they're rolling back the price hike." Then: "Wait, they're not rolling it back." Then: "Wait, what? Two companies? I'm so confused."
That was almost exactly my initial reaction to Netlix's announcement, too.
My reaction to the first line: "Sweet, they're rolling back the price hike." Then: "Wait, they're not rolling it back." Then: "Wait, what? Two companies? I'm so confused."
Netflix CEO Reed Hastings sent a letter to subscribers on Monday, admitting he "messed up" and announcing that it would spin off its DVD and Blu-ray-based mailing business as a new service dubbed "Qwikster."
The company's changes come in response to a subscriber backlash that was spurred by higher prices for rentals of physical DVDs. Hastings said the pricing for combined streaming, via Netflix, and mailed rentals, from Qwikster, will remain the same as it is currently.
Research in Motion announced five new BlackBerry smartphones, the first to run its new BlackBerry 7 mobile OS, on Wednesday in a bid to recapture market share and inject some new excitement into the company's products.
The devices will arrive at an important time for the Canadian company, one of the first to popularize email integration on a phone.
Kellogg Co. is introducing new technology in the U.K. that allows it to burn its famous signature onto individual cereal flakes by using lasers.
The technology, which was developed in Britain, is being used in a trial to stamp out imitation cereals -- which Kellogg calls "fake flakes" -- by branding Corn Flakes with the company logo.
Helen Lyons, lead food technologist at Kellogg, said in a statement, "There has been an increase in the number of [private labels] trying to capitalize on the popularity of Kellogg's corn flakes. We want shoppers to be under absolutely no illusion that Kellogg's does not make cereal for anyone else. We're constantly looking at new ways to reaffirm this, and giving our golden flakes of corn an official stamp of approval could be the answer."