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Money Watch: January 23

Alexis Christoforous with today's money watch.
Netflix didn't disappoint Wall Street. The video streaming service says quarterly earnings easily beat analysts' estimates while revenue topped 1 point 18 billion dollars. Netflix, which has had great success with original series, including "House of Cards," and "Orange is the New Black," expects to have 48 million members by the spring.

eBay is reporting a higher profit for the holiday quarter. The e-commerce site said more people used its Paypal service to buy items. Billionaire investors Carl Icahn submitted a proposal to spin off eBay's Paypal business.

On Wall Street, disappointing earnings from IBM helped to drag the Dow down 41 points, but the NASDAQ rose 17 points.

Foreclosures accounted for nearly 16 percent of all home sales in the US last year. That's up 10 percent from 2012. Realty Trac's latest survey also found that cash was king in many real estate markets last year.  All-cash deals accounted for more than 50 percent of all home sales in five states, including Florida and Wisconsin.

The travel website, TripAdvisor, is out with its Traveler's Choice awards, and the top overall hotel in the US is....The Grand Del Mar in San Diego. The TripAdvisor awards are based on millions of reviews and opinions from travelers.  One night at the Grand Del Mar starts at about 500 bucks.

 
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