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Company News for July 6, 2012

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•    Netflix, Inc.’s (NASDAQ:NFLX) CEO Reed Hastings said that for the first time the company’s streaming service recorded over 1 billion hours last month. The announcement helped the Netflix shares gain 13.4%

•    Reports that Apple Inc. (NASDAQ:AAPL) will launch a smaller iPad tablet at the end of this year helped the company’s shares jump 1.8% to cross the $600 level

•    Visteon Corporation (NYSE:VC) will be making a near $800 million bid to acquire complete control of air-condition manufacturer Halla Climate Control

•    Walgreen Company (NYSE:WAG) would pay roughly $438 million to buy a regional drugstore from Stephen L. LaFrance Holdings Inc

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