Netflix plans to borrow another $2 billion to help pay for the exclusive series and movies that its management credits for helping its video streaming service reel in millions of new subscribers during the past five years.

The additional debt load announced Monday isn’t a surprise. Netflix needs more cash because it has been spending more money than its business generates since its expansion into original programming with the 2013 release of “House of Cards.”

Netflix expects to burn through $3 billion this year. The $2 billion that Netflix plans to raise in a bond offering will be lopped onto it existing debt of $11.8 billion. That includes another $1.9 billion debt offering that Netflix completed earlier this year.

The borrowing binge appears to be paying off. Netflix has gained nearly 100 million subscribers since September 2013, including 7 million in the past quarter. The company recently predicted it will add another 9.4 million subscribers by the end of this year.

The Los Gatos, California, company believes all its spending on award-winning programming will help it build an insurmountable lead in video streaming as other major entertainment companies such as Walt Disney Co. join the fray with a current crop of competitors that include Amazon, Hulu and HBO.

Investors have been betting heavily on Netflix to win. The company’s stock is worth seven times more than it was five years ago, to give Netflix a market value of about $146 billion. The shares climbed $3 to $335.67 in Monday’s midday trading.

FICO to Test New Type of Credit Score

Credit scores are about to get a tweak that might help those with weaker credit.

Fair Isaac Corp., the company behind the widely used FICO score, announced Monday that it will begin testing a new type of credit score next year with credit reporting agency Experian and technology company Finicity.

The new UltraFICO score requires consumers to agree to share added personal information, such as data from their personal checking, savings or money market accounts. The extra information is intended to provide a more in-depth picture of how they use their money and build on traditional information for credit scores, which are based largely on payment history.

It would potentially improve the credit score of many Americans, particularly those with weak credit or limited credit history. And it would provide a broader base of customers for banks to lend to.

The companies estimate that 79 million Americans have subprime credit scores, which it puts at 680 or below. And 53 million do not have enough data to generate a FICO score.

These scores are used to help evaluate credit worthiness for credit cards, loans and more.

The companies did not disclose how many lenders and others will be participating in the trial.

Elon Musk Says Transit Test Tunnel Close to Completion

Elon Musk says he’s planning to offer the public free rides through a tunnel he bored under a Los Angeles suburb to test a new type of transportation system.

In a series of tweets Sunday, Musk said the tunnel is almost complete and there will be an opening event on the night of Dec. 10 and free rides for the public the next day.

The tunnel runs about 2 miles (3.2-kilometers) under the streets of Hawthorne, where Musk’s SpaceX headquarters is located.

Musk has described a system in which vehicles or people pods are moved on electrically powered platforms called skates at speeds up to 155 mph (250 kph).

Musk wants to build a tunnel across western Los Angeles and another between a Metro subway line and Dodger Stadium.

Board Urges Puerto Rico to Implement Tax, Labor Reforms

The executive director of a federal control board that oversees Puerto Rico’s finances says the island is likely to receive $20 billion more than initially estimated in federal hurricane relief.

Natalie Jaresko says that should help the island’s struggling economy to rebound — though she says the gains will be short-lived unless there are tax and labor reforms.

Jaresko met reporters Monday to outline a new fiscal plan for the U.S. territory, which has been in a recession for 12 years and is trying to restructure part of its $70 billion in public debt.

The board is scheduled to approve the new plan on Tuesday. The island’s government has rejected previous board plans.

The five-year economic blueprint anticipates a $17 billion surplus.

Parson Resigning From CBS Board for Health Reasons

CBS Corp. says that Richard Parsons, its interim chairman, has resigned from its board because of illness.

The media company named Strauss Zelnick, another media industry leader, as his replacement.

CBS named Parsons interim chairman in September as it tried to reshape itself following the ouster of its longtime chief Les Moonves.

Parsons said in a statement Sunday that he was already dealing with multiple myeloma when he joined the board, but “unanticipated complications have created additional new challenges” and that his doctors have advised he cut back on his commitments to ensure recovery.

His successor, Zelnick, currently serves as CEO and chairman of interactive entertainment company Take-Two Interactive Software Inc.

Hackers Breach System, Get Data on 75,000

A government computer system that interacts with was hacked earlier this month, compromising the sensitive personal data of some 75,000 people, officials said Friday.

The Centers for Medicare and Medicaid Services made the announcement late in the afternoon ahead of a weekend, a time slot agencies often use to release unfavorable developments.

Officials said the hacked system was shut down and technicians are working to restore it before sign-up season starts Nov. 1 for health care coverage under the Affordable Care Act.

About 10 million people currently have private coverage under former President Barack Obama’s health care law.

Consumers applying for subsidized coverage have to provide extensive personal information, including Social Security numbers, income, and citizenship or legal immigration status.

The system that was hacked is used by insurance agents and brokers to directly enroll customers. All other sign-up systems are working.

CMS spokesman Johnathan Monroe said “nothing happened” to the website used by the general public. “This concerns the agent and broker portal, which is not accessible to the general public,” he said.

Federal law enforcement has been alerted, and affected customers will be notified and offered credit protection.

Hasbro, trying to find footing, posts weak 3Q

asbro continues to wrestle with the demise of Toys R Us and shifting consumer trends, and it’s falling well short of third-quarter expectations.

The Pawtucket, Rhode Island, toymaker said Monday that it will absorb charges of as much as $60 million next quarter as it cuts jobs.

Third-quarter earnings slipped to $263.9 million, or $2.06 per share. Adjusted for pretax gains, per-share earnings were $1.93, far below Wall Street projections for per-share earnings of $2.24, according to a survey by Zacks Investment Research.

Revenue of $1.57 billion also missed analyst expectations $1.71 billion.

Shares of Hasbro Inc. are up 8 percent this year.

Halliburton: 3Q Earnings Snapshot

Halliburton Co. (HAL) on Monday reported third-quarter net income of $435 million.

The Houston-based company said it had net income of 50 cents per share.

The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.

The provider of drilling services to oil and gas operators posted revenue of $6.17 billion in the period, also surpassing Street forecasts. Ten analysts surveyed by Zacks expected $6.13 billion.

Halliburton shares have declined 23 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen 3.5 percent. The stock has decreased 13 percent in the last 12 months.

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