Netflix Inc. says its first-quarter profit soared as 920,000 new subscribers signed up for its DVD-by-mail rental service.

Online movie rental service Netflix Inc. said Thursday that it passed a milestone of 10 million subscribers.

Netflix Inc.’s board has authorized the DVD rental and Internet streaming service to spend up to $175 million buying back its own stock.

Netflix Inc. believes it will add as many as 900,000 customers during the first quarter, putting the online DVD rental and Internet streaming service on pace to its boost its profit for a seventh straight year.

Netflix says its fourth-quarter earnings jumped 45 percent and surpassed analysts’ estimates. The recession is making Netflix’s online DVD rental service more enticing to budget-conscious consumers looking for home entertainment.

Online DVD rental company Netflix Inc. says its third quarter profits jumped 30 percent and beat analyst expectations.

A 6-year-old girl is recovering after surgeons reattached her left hand, severed when it was caught in a loop of jump rope that had snagged on the axle of her mother’s car.

Netflix says its second-quarter profit rose 4 percent, helped by a 25 percent increase in subscriptions and the introduction of a device that allows customers to stream video directly to their TVs.The Los Gatos, Calif.-based company says net income rose..

Online DVD rental leader Netflix Inc. is suffering a technology breakdown that’s knocked out its Web site, inconveniencing its 7.5 million subscribers.The outage could mean some customers will have to wait longer than usual for their next...

Netflix Inc.’s third-quarter profit soared past analysts’ expectations as the online DVD rental pioneer battled rival Blockbuster Inc. with a price-cutting strategy that helped revive subscriber growth.The news, released after the stock market closed...