Music streaming company Spotify was sued by Wixen Music Publishing Inc last week for allegedly using thousands of songs, including those of Tom Petty, Neil Young and the Doors, without a license and compensation to the music publisher. Wixen, an exclusive licensee of songs such as “Free Fallin” by Tom Petty, “Light My Fire” by […]
Read moreNorth Korean leader Kim Jong Un reopened a key cross-border communication channel with South Korea for the first time in nearly two years Wednesday as the rivals explored the possibility of sitting down and talking after months of acrimony and fears of war. Even among the sudden signs of easing animosity, however, President Donald Trump […]
Read moreAmazon’s push into new advertising products will not threaten Google’s search business, analysts at Mizuho said in a note on Tuesday. CNBC reported in December that the U.S. e-commerce giant is experimenting with various advertising products across its portfolio and off of its website. This includes e-commerce search and video products too. Sources also told […]
Read moreCurrency, United States Finance
Europe markets seen higher; investors monitor sweeping reforms to EU financial sector laws
European markets are expected to open higher on Wednesday morning, as investors reacted to a string of robust economic data and monitored the release of a fresh set of rules for the continent’s financial sector. The FTSE 100 is poised to open up by 8 points at 7,645, while the DAX is seen up 56 […]
Read moreSouth Korea is willing to roll out more than just the red carpet for its northern neighbor should the latter decide to participate in the upcoming Winter Olympics held in PyeongChang. The provincial government of Gangwon, in which the games will be held, indicated Wednesday it would provide a cruise ship to North Korea to […]
Read moreA Vietnamese tycoon detained in Singapore last week remains in the city-state, one of his lawyers said on Wednesday, easing his family’s immediate fears that he could face the death penalty if he were sent back home. Phan Van Anh Vu, 42, a property developer and former secret service officer who media say is wanted […]
Read moreNorth Korea announced Wednesday that it will reopen a cross-border communication channel with South Korea, officials in Seoul said, another sign of easing animosity between the rivals after a year that saw the North conduct nuclear bomb and missile tests and both the Koreas and Washington issue threats of war. The announcement, which came on […]
Read moreA conflict on the Korean Peninsula could disrupt global businesses, making it “the greatest geopolitical threat to credit quality in Asia,” according to Moody’s Investors Service. Such a scenario remains a “low-probability event,” Moody’s stated in a new report Wednesday following fresh bellicose rhetoric from North Korean leader Kim Jong Un and President Donald Trump. […]
Read moreManhattan real estate sales and prices took a fall in the fourth quarter, and they’re likely to slide even further this year after the new tax rules take effect. Total sales volume fell 12 percent compared with the fourth quarter of last year — the lowest quarterly level in six years, according to a report […]
Read moreJust three months after Mike Cagney’s board ousted him amid allegations of sexual harassment, the founder of SoFi is already plotting his comeback. Cagney has been approaching investors in recent weeks about a new fintech startup with a plan to raise about $25 million, according to multiple people familiar with his outreach. He has pitched […]
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