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In the wide and varied family of the thousands and thousands of funds out there, the exchange-traded fund is one of the more consumer-friendly ones.
Unlike mutual funds, exchange-traded funds, or ETFs, behave more like stocks. You can buy
into an ETF at any time, and sell it whenever you feel like it. And like a stock, an ETF's value can rise and fall--depending
on what the ETF is invested in.What do ETFs invest in? Well, they're typically linked to an index like the Dow Jones Industrial
Average or the S&P 500. So, if you had an ETF that trades the same companies that make up the Dow or the S&P, it will
rise and fall in value pretty much the same amount as the Dow or S&P.
You can also buy ETFs that invest in other
types of products, like bonds, currencies, gold or other commodities. The ETF market has grown considerably in the past few
years, so there is no shortage of ETFs to invest in.
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Thursday, August 14, 2008
Netflix Suffers Biggest Outage Ever
Reuters
LOS ANGELES--Online DVD rental service Netflix Inc. (NFLX) said Thursday the most severe system outage in its history was preventing shipments of discs to about a third of its 8.4 million customers.
The Los Gatos, Calif-based company said it shipped no DVDs on Tuesday, some on Wednesday and none so far on Thursday.
Netflix spokesman Steve Swasey said the company would provide credits to affected customers and was working "feverishly" to determine the cause of the outage and fix the problem.
The company's stock was up 1%, or 30 cents, to $31.46 a share in early afternoon trade. It had been up more than 3% earlier in the day but fell after news of the shipping problems surfaced.
It is only the second time in Netflix's history it was unable to ship DVDs due to a technical glitch, said Swasey, adding that this outage was worse than one in March, which was caused by an entirely different problem, which the company has since resolved.
Netflix resumed shipping DVDs on March 25, one day after a technological breakdown knocked out its site for much of the prior day, and offered 5% discounts on bills to members who did not receive DVDs because of that outage.
"This time, the site's been up but our shipping system is down. It's worse than it was in March. We're really backlogged," Swasey said.
Netflix sent e-mails to people who were due to receive discs and were unable to get them.
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