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Netflix unveiled its long-awaited app for the iPhone on Thursday, sending the company’s shares almost 2% higher.

The free app lets Netflix members stream TV episodes and movies to their Apple (AAPL, Fortune 500) iPhone or iPod Touch for no additional cost.

"Apple has changed the game for mobile devices," Reed Hastings, Netflix co-founder and chief executive officer, said in a statement.

The shows can be streamed over both Wi-Fi and 3G networks, and they are organized based on members’ personal preferences, genres, new arrivals and individual instant queues.

Netflix (NFLX) shares gained 1.3% to end at $125.84 on Thursday. The stock has been on steady upward streak this year, crossing $100 for the first time in April after the company reported a blowout first quarter.

"Netflix Android" was a trending Google search on Thursday, and Twitter users were also grumbling about when the app would be available for their Android phones business card.

But Netflix is already available beyond the standard television. Video game consoles such as the Nintendo Wii let users stream to their TVs, and an iPad app has been around since April.

Earlier this month, Netflix announced an agreement with pay-cable movie channel Epix to stream films online from three major movie studios.

Netflix has been working to expand its reach as its competitors, includingCoinstar’s (CSTR) Redbox and Wal-Mart (WMT, Fortune 500), also look to add streaming services down the road, and HBO, Hulu and Apple’s iTunes build their online content. 

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TiVo Inc. introduced a new remote this week that solves a long-vexing feature of using its popular digital video recording devices.

Instead of having to hunt and peck on the TV screen keyboard using directional keys, the new remote has a slide-out QWERTY keyboard.

TiVo, based in San Jose’s Alviso section, has also boosted the Bluetooth signal on the remote and given it backlighting to make it easy to read in the dark personal loan for poor credit.

Listing at $89.99, the new remote is available now on the TiVo website and will be in Best Buy stores this weekend.

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Cincinnati-area chief financial officers were honored in five categories at the Business Courier’s CFO of the Year awards, held Thursday evening at Music Hall.

The honorees, including finalists and their guests, were treated to a reception at Music Hall in Over-the-Rhine prior to the awards ceremony.

The winners were chosen from 23 finalists. All of them distinguish themselves by being much more than number crunchers. Each winner has a story to tell about his or her significant leadership contributions to their employers, centered on themes such customer service and relationship building.

The winners are:

• Tim Stautberg, E.W. Scripps Co., public companies category;

• Michael Wirth, Belcan, private companies, large ($100 million and up);

• (tie) Dino Lucarelli, Bowlin Group LLC, private companies, small ($99 cash till payday.9 million and under);

• (tie) Larry Mustard, CH Mack Inc., private companies, small ($99.9 million and under);

• Maribeth Amyot, Xavier University, nonprofits, large ($50 million and up);

• James Bowersox, Life Enriching Communities, nonprofits, small ($49.9 million and under).

Sponsors for the CFO of the Year program include: Frost Brown Todd, Marsh, PNC, Time Warner Cable Business Class, Mercedes-Benz of Cincinnati and BKD LLP.

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This is a weekly roundup of promotions, appointments and employee accomplishments in the Birmingham metro area. For more People on the Move, check out the Birmingham Business Journal’s print edition each week. Send announcements to ccrawford@bizjournals.com.

LEGAL

Murphy McMillan and William R. Sylvester, shareholders in the Birmingham office of Baker Donelson Bearman Caldwell & Berkowitz PC, were featured speakers at the 2010 American Bar Association’s Annual Meeting in San Francisco on Aug. 8. McMillan and Sylvester spoke on “Distressed Commercial Real Estate: Acquisition, Bankruptcy and Tax Considerations.” McMillan is a member of the firm’s real estate practice group and represents clients throughout the Southeast in the acquisition of distressed loans and real estate as well as commercial real estate development, leasing and acquisition and disposition transactions. Sylvester focuses his practice on commercial real estate development and business and tax planning for real estate.

Two attorneys in the Birmingham office of Constangy Brooks & Smith LLP were named to the 2011 edition of Best Lawyers. They are James N. Nolan for workers’ compensation law and Dana L. Thrasher for employee benefits law.

Burr & Forman LLP had 51 Birmingham attorneys named to the 2011 edition of Best Lawyers. They are Louis H. Anders, corporate law, mergers & acquisitions law and tax law; W. Michael Atchison, bet-the-company litigation, commercial litigation and personal injury litigation; Jeffrey T. Baker, real estate law; Howard E. Bogard, health care law; Stephen J. Bumgarner, insurance law; Greg Burge, commercial litigation; D. Christopher Carson, mass tort litigation; C. Paul Cavender, mass tort litigation; John R. Chiles, banking law, commercial litigation and mass tort litigation; Edward R. Christian, corporate law and mergers & acquisitions law; John J. Coleman III, labor and employment law and workers’ compensation law; Marcel L. Debruge, labor and employment law; John F. DeBuys Jr., land use & zoning law and real estate law; David D. Dowd III, leveraged buyouts and private equity law; David A. Elliott, commercial litigation; Ronald W. Farley, environmental law; William S. Fishburne III, construction law; J. Ross Forman III, environmental law; Robert S. Given, insurance law; Mac B. Greaves, labor and employment law; Michael L. Hall, bankruptcy and creditor-debtor rights law; Edward L. Hardin Jr., commercial litigation and insurance law; Victor L. Hayslip, alternative dispute resolution; William S. Hereford, bankruptcy and creditor-debtor rights law and real estate law; James A. Hoover, health care law; J. Fredric Ingram, labor and employment law; W. Benjamin Johnson, real estate law; Joe A. Joseph, bankruptcy and creditor-debtor rights law; William C. Knight Jr., commercial litigation; Joseph W. Letzer, commercial litigation and franchise law; Gary M. London, antitrust law; Michael L. Lucas, labor and employment law; Frank McRight, labor and employment law; Derek F. Meek, bankruptcy and creditor-debtor rights law; Gail L. Mills, banking law; Dwight L. Mixson Jr., banking law and real estate law; John C. Morrow, bet-the-company litigation, commercial litigation, mass tort litigation, personal injury litigation, product liability litigation and transportation law; J. Fred Powell, banking law, corporate law and real estate law; Gene T. Price, corporate law, mergers & acquisitions law and venture capital law; Bruce A. Rawls, trusts and estates; Robert B. Rubin, bankruptcy and creditor-debtor rights law; Robert H. Rutherford, commercial litigation; D.J. Simonetti, corporate law and employee benefits law; Jack P. Stephenson Jr., corporate law and securities law; Carol H. Stewart, real estate law; Joseph G. Stewart, banking law and corporate law; George M. Taylor III, corporate law and mergers & acquisitions law; W. Lee Thuston, corporate law and economic development law; Turner B. Williams, railroad law and transportation law; and R. Michael Yarbro, banking law.

Several local Allstate exclusive agency owners have been designated a Premier Service Agency for 2010. They are Danny Akins in Helena, Jim Anthony in Chelsea, Trey Clements in Fultondale, Mika Marcum in Warrior, Brendan Mayer in Helena, Karen Ross Miller in Helena, John F. Saddler with locations in Homewood and Leeds, Jessup Standifer in Helena, Cindy Stuman in Pinson, Eric Stuman in Homewood, James Walker in Gardendale and John Wicker in Gardendale.

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American Electric Power Company Inc. is taking extra steps to make sure its choice to succeed CEO Mike Morris doesn’t spark the departure of top talent.

The Columbus-based utility this week said it’s awarding 41,380 restricted stock units each to four executives in contention to replace Morris when he retires at the end of 2011. The executives are:

• Nicholas Akins, executive vice president of generation.

• Venita McCellon-Allen, president and COO of Southwestern Electric Power Co.

• Robert Powers, president of AEP Utilities.

• Brian Tierney, executive vice president and CFO.

Spokeswoman Melissa McHenry said the units will vest in three equal installments on Aug. 3, 2013, 2014 and 2015, provided the executives remain with AEP. Based on the company’s recent stock price, the units are valued at about $1.5 million for each executive, but that could change over the next five years payday loan.

Each executive, McHenry said, is a contender for the CEO’s job but there’s no guarantee any one of them will be chosen next year. American Electric Power (NYSE:AEP) has an external search consultant on hand and could look at additional internal candidates, she said.

“We awarded the restricted stock based on their value to the corporation and the contributions they’ve made,” McHenry said.

The company’s succession planning has been at the center of one key departure. Tierney’s predecessor, former CFO Holly Koeppel, left the company in September after being told she won’t be considered for the top job.

AEP serves customers in 11 states. The company last year earned $1.36 billion on $13.5 billion in revenue.

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Blockbuster is being mum about rumors that the company is working with creditors to get a reprieve on payment so it can prepare for bankruptcy in September.

Bloomberg News quoted unidentified sources who indicated that the Dallas-based movie rental giant is likely to receive a one-month reprieve. It was not disclosed whether it will be an out-of-court or Chapter 11 bankruptcy reorganization. Bloomberg also said sources had indicated that Blockbuster's lenders want a pre-packaged bankruptcy in exchange for a payment extension.

“We don’t comment on rumors nor can we discuss where we are in the recapitalization process," said Patty Sullivan, senior director of corporate communications for Blockbuster, when asked about the report Friday.

The company did verify that the selling of certain assets may be part of ongoing discussions, but was not specific.

Blockbuster is expected to release its second-quarter earnings on Thursday.

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Two days after BP said it will write off the cost of the oil spill cleanup against its income taxes, a U.S. senator is calling for a Congressional probe into the company’s tax plans.

Sen. Bill Nelson, D-Fla. sent a letter to the Senate Finance Committee Thursday, requesting a series of hearings on the matter and calling BP’s plans to take a tax write-off "unacceptable."

On Tuesday, BP said it took a $32 billion charge in the second quarter for clean-up costs, resulting in tax savings of about $10 billion.

That’s half the value of the $20 billion fund that BP set up to aid Gulf coast victims, Nelson pointed out.

BP announced the charge along with its second quarter earnings, saying the cleanup costs were the main reason for its $17 billion loss during the quarter.

BP spokesman Daren Beaudo, in an email to CNN, said the company is following U.S. tax code in taking the charge.

"Taxes are paid on profits and the Gulf of Mexico spill response costs have reduced BP’s US profits — so it follows that our tax obligations will be lower as well," he said.

In admonishing the oil giant for its tax plans, Nelson also pointed out that Goldman Sachs (GS, Fortune 500) has said it will forgo any tax deduction for the $535 million it will pay in penalties in its settlement with the Securities and Exchange Commission. 

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Exxon Mobil Corp. reported quarterly earnings Thursday that easily beat analysts’ expectations on higher crude prices.

The world’s largest public energy company reported net income of $7.56 billion, or $1.60 a share, in the second quarter, up 91% from $3.95 billion, or 81 cents a share, in the same period in 2009.

Analysts were expecting earnings of $1.46 a share, according to a survey by Thomson Financial.

Earnings for the first half of 2010, excluding special items, were $13.9 billion, up 60% over the first half of 2009.

Shares of Exxon (XOM, Fortune 500) were little changed in Thursday trading.

Rex Tillerson, Exxon’s chief executive officer, said in a statement that the results reflect an increase in oil production, improved profitability in refining and strong performance in the company’s chemicals business.

Lower refining profits had weighed on Exxon’s results in recent quarters as the weak economy damped fuel consumption and crude prices rose. But margins improved in the second quarter as refining activity picked up ahead of the summer driving season.

Exxon said earnings in its global refining business rose $708 million to $1.22 billion in the quarter, driven by improved profitability. Earnings in the company’s chemicals business, its smallest division, jumped $1 billion to $1.37 billion.

The refining and marketing business as well as chemicals "really drove the results," said Pavel Molchanov, an analyst who covers Exxon at Raymond James. But he cautioned that uncertain economic conditions around the world could curb energy demand once the "seasonal bounce" fades.

"There is still over-capacity in the global refining industry," he said. "Exxon is certainly not immune to that."

Meanwhile, the ongoing rebound in oil prices helped boost profit in Exxon’s oil production and exploration unit, in which earnings rose $1.5 billion to $5.34 billion in the quarter. Oil prices averaged $78 a barrel in the quarter, up from $60 a barrel in the same period last year.

Deepwater impact

Production was up 8% in the quarter, driven by contributions from Exxon’s assets in Qatar.

David Rosenthal, vice president of investor relations, said Exxon does not expect any "significant impact" on its financial performance from the moratorium on deepwater drilling in the Gulf of Mexico.

The ban was imposed earlier this year after a drill rig operated by BP (BP) exploded and gave rise to the worst oil spill in U.S. history.

While the company is eager to get back to work in the Gulf, Exxon currently has no plans to accelerate deepwater projects in other parts of the world due to the moratorium, Rosenthal said.

"There is a slight delay in the Gulf of Mexico, but we’re progressing full speed ahead in the rest of the world," Rosenthal said during a conference call with analysts.

Rosenthal declined to speculate about the impact of any new regulations stemming from the spill. Lawmakers are considering legislation that would raise the liability cap that companies are obligated to pay for damage related to oil spills.

However, he said Exxon has been involved in the debate over new deepwater regulations, adding that the company will take advantage of any opportunities that may come out of the process.

The second quarter results included a negligible impact from Exxon’s recent purchase of XTO Energy, a natural gas company. The $36 billion deal closed on June 25.

Exxon said it expects natural gas production to triple as a result of the merger, making it the largest U.S. natural gas producer.

Share purchases are expected to total $3 billion in the third quarter, the company said. In the second quarter, the company bought back $1.6 billion worth of its common stock.

Exxon Mobil posted a record $11.7 billion profit in the second quarter of 2008 as oil prices rose near $150 a barrel. But earnings eased for the next six quarters as the global recession took hold and energy prices plunged.

Other energy companies have also announced strong second-quarter results. On Wednesday, ConocoPhillips (COP, Fortune 500) and Hess (HES, Fortune 500) both posted a larger-than-expected quarterly profits. Royal Dutch Shell’s earnings came out earlier Thursday. Chevron Corp. (CVX, Fortune 500) is slated to report results Friday.

The exception has been BP, which posted a $17 billion loss Tuesday due to charges stemming from the Gulf spill. 

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Memorial Hermann Healthcare System has entered into a master lease with MetroNational Corp. for more than 800,000 square feet of medical office space in West Houston.

The agreement reached on July 9 involves Medical Office Buildings 1-4 and former North Tower on the Memorial Hermann Memorial City Medical Center campus at Interstate 10 and Gessner.

Memorial Hermann subsequently retained Transwestern to handle leasing and management of the multi-tenant space, which is 65 percent to 70 percent occupied.

Marshall Heins, Memorial Hermann’s chief facility services officer, said this was the only one of 11 campuses where the health system did not oversee physician office space.

The health care system’s goal, he said, is to offer affordable, quality office space that will help it to recruit new physicians to the campus.

“By doing that, we better serve the local community,” Heins said.

The hospital system and MetroNational will invest $15 million to renovate Buildings 1 and 2, which opened in the late 1970s and early 1980s, respectively.

Rental rates at the four office buildings will restructured, but Heins would not disclose what the new rates will be.

“We’ll honor existing leases,” he says Faxless payday loans. “As we market vacant space, we’re going to adjust rental rates.”

The 35-year master lease with MetroNational on the for-profit buildings has flexible terms, says Heins, though he would not disclose additional details.

“This master lease can work seamlessly with any kind of health care reform that may come down,” he says.

The new master lease is one of several agreements between the two Houston entities that runs through 2043.

Memorial Hermann has a master lease on the hospital campus at I-10 and Gessner that was signed in 2007. It includes the East Tower, Heart & Vascular Institute, North Tower (now called System Services Tower) and original hospital building that sits in the middle of the other facilities.

The health care system also has a traditional lease for approximately 440,000 square feet of hospital space and 250,000 square feet of office space in Memorial Hermann Tower, the landmark that is crowned with a unique architectural feature.

MetroNational continues to handle leasing and management in the 34-story building.

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Comcast Corp., in responding to criticism from the Portland Trail Blazers over the airing of games, called the team’s observations “misplaced and inaccurate.”

Comcast, in documents sent to the Federal Communications Commission, said it “has every business incentive to seek more, not less, distribution” of cable-aired Blazer games. Because the company has invested much capital and assumed the risk associated with building a new television network, “the path to recovering (Comcast’s) investment lies in maximizing distribution at fair terms.”

The two sides are bickering over Comcast’s inability to reach carriage agreements for Comcast SportsNet Northwest with other cable providers.

Comcast submitted its observations in a letter related to the proposed media merger between Comcast Corp., General Electric Co. and NBC Universal Inc. The Trail Blazers had submitted a letter to the Federal Communications Commission asking to make the merger conditional partly on whether Comcast would allow competing providers to show the team’s cable-aired games.

If the FCC sides with the Blazers, more fans would be able to watch the team’s televised games paperless payday loans.

Comcast officials had promised the team that its broadcast contract would bring increased exposure for the team. However, Comcast hasn’t reached agreements with enough providers to ensure more statewide access to the team’s cable-broadcast games. Comcast does point out, though, that 11 broadcast providers carry Comcast SportsNet NW in 264 Oregon and Washington communities.

In the season before CSN-NW launched, 21 Trail Blazers games were not televised anywhere on any outlet,” Comcast officials wrote in their FCC missive.” “Now . . .all of the team’s regular season games are televised.”

Distributors who are not carrying the network include Charter, Dish Network, and DirecTV.

“CSN-NW shares the frustration of the Trail Blazers and local fans who cannot follow all of the team’s game on TV because certain (companies) have elected not to carry the network,” the company wrote. “This, however, has nothing to do with the transaction pending before the Commission.”

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