NETFLIX and TIVO are finally teaming up to deliver more movies and old TV episodes to their subscribers. Under the partnership, the latest generation of TiVo's digital video recorders will beam selections from 12,000 movies and TV shows offered through Netflix's streaming service, which must be piped over high-speed Internet connections. TiVo's DVRs will start catering to Netflix subscribers in December.
MORE THAN $1B IN FRAUDULENT REFUNDS was sent out last year by the government, which offered this explanation: The IRS has too few resources to pursue every tax fraud case. Investigators never even looked at an estimated $742-million in fraudulent refunds, according to a Treasury report. When they did identify an additional $264-million in bad refunds, it was too late to stop issuing them.
BEATLES MUSIC will be featured in a video game for the first time in a deal with MTV Games and Harmonix, creators of the "Rock Band" series. The game is scheduled to make its debut sometime next year. "The project is a fun idea which broadens the appeal of the Beatles and their music," Paul McCartney said. Video games have become a profitable market for musical acts to expose their music; some bands have debuted their music via video games.
THE PREHOLIDAY RAMP-UP IN CELL PHONE SHIPMENTS didn't happen this year because of the economy, research firm IDC said. Manufacturers shipped 29-million phones in the July-September period, down 0.4 percent from the second quarter. Shipments still grew 3.2 percent compared to last year.
"It's by far the most broad-based fare sale we've tracked in at least 18 months."
RICK SEANEY, CEO of FareCompare.com, as major U.S. airlines have cut many fares for the Thanksgiving and Christmas seasons. An example: Delta cut the price for an Atlanta-Nashville round trip around Thanksgiving from nearly $500 to $238.
JOBS American Express plans to eliminate, about 10 percent of its worldwide work force, in an effort to slash costs by $1.8-billion in 2009
THE BOTTOM LINE: Hewlett-Packard, Dell and Toshiba recall 100,000 Sony 2.15Ah lithium-ion laptop battery packs after reports of overheating ... Ford to add 1,000 workers to Dearborn, Mich., F-150 factory in January ... CBS swings to 3Q loss of $12.46B, weighed down by $14.12B impairment charge