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Netflix facing tougher times as subscriber growth slows

SAN FRANCISCO (AP) - Netflix is running into trouble as the internet video service wrestles with slowing U.S. subscriber growth and an ambitious international expansion amid stiffening competition.

The challenge came into sharper focus Monday with the release of Netflix's second-quarter earnings.

Netflix only added 160,000 U.S. subscribers from April through June. That's the lowest U.S. customer gain that the company has posted during that three-month period since splitting up its video-streaming and DVD-by-mail services five years ago.

Management blamed the disappointing performance on cancellations by subscribers facing price increases of as much as $2 per month with the expiration of a two-year rate freeze.

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Sprint owner SoftBank to buy ARM in big post-Brexit deal

TOKYO (AP) - Japanese technology company SoftBank Group Corp. is buying Britain's ARM Holdings for 24.3 billion pounds ($32 billion), in a deal the British government hailed as a vote of confidence in the country following last month's vote to leave the European Union.

The recommended cash deal underlines the desire of SoftBank, which also owns struggling U.S. telecommunications company Sprint, to expand in the so-called "Internet of Things" - how home devices can connect online and work in sync.

ARM is renowned as an innovator in this field; its technology is used in the vast majority of smartphones, for example.

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McDonald's, Starbucks agree to filter Wi-Fi porn

CHICAGO (AP) - McDonald's and Starbucks are implementing filtering technology that blocks customers using Wi-Fi from accessing pornography sites.

The move follows a campaign from anti-pornography groups Enough is Enough and the National Center on Sexual Exploitation to demand the chains filter out pornography.

McDonald's says that Wi-Fi filtering has been activated in the majority of its nearly 14,000 restaurants nationwide. Starbucks says it is implementing filtering once it can find a system that "also doesn't involuntarily block unintended content."

The National Center for Sexual Exploitation says chains such as Chick-fil-A and Panera Bread already block porn on Wi-Fi.

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