U.S. judge says Internet streaming service should be treated like cable

By Andrew Chung NEW YORK (Reuters) – A U.S. judge ruled on Thursday that online television service FilmOn X LLC should be treated like a traditional cable system in order to transmit the programs of the nation's broadcasters over the Internet. The ruling, coming as consumer TV-watching habits are increasingly migrating to the Internet, is the first to first to view a streaming service like a cable provider and could have major implications for broadcasters if it is upheld by higher courts.

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Bullish options bets on Google set to pay off big

Some bullish bets on Google Inc’s shares, placed ahead of its second-quarter results on Thursday, look set to reap big profits with the shares up 9.5 percent in trading after the bell. Headed into the earnings report, trading in Google’s call options, usually used for bullish bets on the shares, were unusually active. Calls on Google shares rising above $600, $620 and $630 by Friday were among the most heavily traded Google options contracts over the last two days.

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