Month: July 2011

Coinstar doubles quarterly profit with Redbox movie-rental business

Coinstar doubles quarterly profit with Redbox movie-rental business

Mad at Netflix for its recent price hike? Redbox, which is owned by Bellevue-based Coinstar, wants to win you over with its dollar-a-day movie rentals. Coinstar Chief Executive Paul Davis said Thursday that Redbox has enjoyed a nice uptick in website traffic since the Netflix price increase. Now its marketers are in overdrive to attract…

Read More Read More

Refining business pumping bigger profits into oil patch

Refining business pumping bigger profits into oil patch

A sudden turnaround in the business of transforming crude oil into gasoline and jet fuel has sparked a sharp jump in profits among companies whose refining margins have more than tripled from last year. Only a year ago, refineries had fallen on to such hard times that the industry began shutting down plants and selling…

Read More Read More