Netflix quarter is ‘near-term gut punch’ for investors

SAN FRANCISCO — Netflix is adding subscribers at a slower pace than envisioned, renewing fears that its growth may sputter as the video streaming service tries to fend off fiercer competition. The numbers released Monday mark a rare letdown for a company that has enthralled investors with its ability to consistently top expectations. But Netflix missed its target badly in the April-June period, causing its high-flying stock to plummet by about 14 percent to $345.63 in extended trading. The shares had more than doubled before the sell-off. If the stock plunges on the same trajectory during Tuesday’s regular trading session, it will be the steepest drop in nearly four years. In a research note, GBH Insights analyst Daniel Ives called the second-quarter showing “a near-term gut punch” to Netflix.

White House brings WTO cases against China, EU, Canada, Mexico

WASHINGTON — The Trump administration on Monday brought cases against China, the European Union, Canada, Mexico and Turkey at the World Trade Organization for retaliating against American tariffs on imported steel and aluminum.

Some Starbucks drinks knocked off kosher list

BALTIMORE — A leading company in Kosher certification has dropped some Starbucks drinks from its acceptable consumption list. The Baltimore Sun reported that Star-K said this month it’s dropping drinks with “syrups, sauces, toppings, powders, soy or almond milk” after the coffee behemoth ended an expanded kosher certification program with the Baltimorebased company. Starbucks’ Americanos, espressos, cold brew coffee and iced lattes remain on Star-K’s kosher list.

$299M for Ford settlement

DETROIT — Ford has agreed to spend up to $299 million to settle lawsuits filed by owners of about 6 million vehicles with Takata air bag inflators. The agreement must get court approval.