CMU sets startup record
Thirty-six startup companies were created at Carnegie Mellon University this year, a record number, the school said Wednesday.
* The ExOne Company reported a third quarter loss that was much smaller than a year-ago, but a performance that fell shy of analyst expectations. The North Huntingdon 3-D printing company said it lost $224,000, or 2 cents per share, during the quarter vs. a loss of $5.9 million in the year-ago quarter, before ExOne became a publicly traded company. Revenue increased 36 percent to $11.6 million.
* FAB Universal, formerly known as Wizzard Software, reported third quarter net income of $7.3 million, or 35 cents per share, on revenue of $29.8 million vs. a loss of $5 million, or 51 cents per share, and revenue of $1.7 million in the year-ago quarter. The improvement was attributed to the September 2012 acquisition of Digital Entertainment International, a Hong Kong company that sells video games, movies, books and other digital content to Chinese consumers. Wizzard changed its name to FAB Universal at that time.
Motorola cuts phone prices
Motorola says it wants to equip the world with the latest smartphone technology, at less than a third of the price. The new Moto G phone starts at $179 in the U.S. without a contract requirement. Motorola said Wednesday the phone will be available in the U.S. in January.
Netflix gets a makeover
Netflix is reprogramming the way its Internet video subscription service appears. The makeover of Netflix's TV menu includes more visual thumbnails and details about the recommendations, including a capsule explaining why a particular movie or TV series might appeal to the interests of each subscriber.
Also in business...
Christopher Warmoth, who had served as executive vice president of the Asia Pacific region for the H.J. Heinz Co., has been hired by beermaker Carlsberg to serve as senior vice president for the Asia region.