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Company News for July 5, 2013

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•    Netflix, Inc. (NASDAQ:NFLX) and PBS Distribution increased the scope of its multiyear licensing agreement to air “The Bletchley Circle”  and other PBS programming

•    In a move to raise $7 billion in cash, Chesapeake Energy Corporation (NYSE:CHK) announced it was selling $1 billion worth of oil and gas assets located at Eagle Ford and Haynesville to one of the units of EXCO Resources Inc. (NYSE:XCO). Following this development, shares of Exco surged 8.2%

•    International Speedway Corporation (NASDAQ:ISCA) reported second quarter earnings per share of $0.51, in line with the Zacks Consensus Estimate

•    Apple Inc. (NASDAQ:AAPL) has recruited Yves Saint Laurent, a former CEO of a French luxury group for “special projects.” Laurent will report to Chief Executive Officer Tim Cook

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