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TikTok owner ByteDance plans to launch music streaming -FT

TikTok owner Beijing ByteDance Technology Co Ltd is in talks with big music labels – Universal Music , Sony Music and Warner Music – for global licensing deals to include their songs on its new music subscription service, the Financial Times reported on Sunday. ByteDance is looking to launch its music streaming as soon as next month, initially in emerging markets such as India, Indonesia and Brazil, before a future opening in the United States, the FT reported https://on.ft.com/37brU3U, citing people familiar with the matter. In addition to on-demand music, ByteDance’s app will include a library of short …read more […]

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Asia Stocks Look Set for Mixed Start to Week: Markets Wrap

(Bloomberg) — Asia stocks looked poised for a mixed start to the week as investors continued to wait for trade progress and Hong Kong braced for more disruption. Currencies were steady early Monday.Futures pointed to a flat open in Japan and a limited rise in Hong Kong. They were little changed in Australia. The S&P 500 Index on Friday reached another record in a sixth week of gains, the longest streak in two years, after White House economic adviser Larry Kudlow said negotiations between the U.S. and China were nearing the final stages. A mixed bag of retail sales figures …read more […]

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Carlyle Blasted by Elizabeth Warren Over Taylor Swift Songs

(Bloomberg) — The private equity industry has once again drawn the ire of Senator Elizabeth Warren — this time over its financing of a record label.Carlyle Group LP helped finance celebrity manager Scooter Braun’s acquisition of Big Machine Label Group LLC, pop star Taylor Swift’s former record label, where she recorded her first six albums. Swift has claimed the label has blocked her efforts to buy back her music and from performing her biggest hits in public. Big Machine has disputed Swift’s version of events.In a tweet last week, Swift appealed to the Washington-based buyout firm for help addressing the …read more […]

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HP Rejects Xerox Offer as Too Low While Staying Open to Deal

(Bloomberg) — HP Inc.’s board unanimously rejected Xerox Holdings Corp.’s unsolicited takeover proposal, saying the $22-a-share offer is too low and citing concerns about the smaller rival’s prospects in the printing industry.HP is “open to exploring” a merger but there are “fundamental questions that need to be addressed,” Chief Executive Officer Enrique Lores and Chairman Chip Bergh wrote in a letter to Xerox CEO John Visentin. They cited Xerox’s revenue decline since June 2018, “which raises significant questions for us regarding the trajectory of your business and future prospects.”HP pressed for access to Xerox’s books as a step toward any …read more […]

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Thousands could be impacted by PG&E's upcoming potential power cuts

About 180,000 customers in California could find themselves in the dark as Pacific Gas & Electric warned that an upcoming “strong offshore wind event” could prompt the bankrupt power producer to yet again shut off power in some areas. “The forecast remains uncertain, but there is a possibility that the weather could prompt a Public Safety Power Shutoff (PSPS) for some customers in the Sierra Foothills, North Valley and North Bay”, the company said on Sunday, adding that it was monitoring for adverse weather on Wednesday. Recent shut-offs have hit hundreds of thousands of homes and workplaces in …read more […]

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Trump to Tour Apple’s Austin Manufacturing Plant on Wednesday

(Bloomberg) — President Donald Trump is scheduled to tour an Apple Inc. manufacturing plant in Austin, Texas, on Wednesday, the White House said Sunday.The president plans to visit the plant along with Apple Chief Executive Officer Tim Cook, according to a tweet by spokesman Judd Deere. The Austin American-Statesman newspaper reported that Trump will travel with Treasury Secretary Steven Mnuchin and other administration officials.The company announced in September that its new Mac Pro computer will be assembled in Texas after it received exclusions from the Trump administration from tariffs on certain parts imported from China.The visit also comes at a …read more […]