North America


Spotify Agrees to Pay $21 Million for Music Royalties

The streaming service company on Wednesday reached the deal over music royalties with the National Music Publisher's Association (NMPA). Spotify will pay $21 million worth of royalty to publishers and songwriters.

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Operations At The TransCanada Hardisty Terminal 1 Facility

TransCanada Acquires Columbia Pipeline For $13 Billion To Dominate Energy Sector In North America

TransCanda has announced on Thursday its acquisition of Columbia Pipeline for $13 billion in total, enabling the energy giant to represent itself as a dominant player in the businesses of natural gas across the North America. The deal appears following a series of announcement for merger in the energy sector including $2.3 billion deals in 2016.

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NHTSA Holds Hearing On Proposed Fuel Economy Standards

US Automakers, NHTSA To Announce Automatic Emergency Braking Systems As Standard Equipments

Automatic emergency braking systems have proved their efficiency in preventing car accidents. The systems may reduce the number of rear-end collisions by up to 40%. Considering the efficacy level, almost all US automakers and NHTSA have reached an agreement to make the system a standard equipment on most cars by 2022.

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Family Profiles: Customer Feedback Induced New Feature For Uber App

Uber has announced another new feather of its app, Family Profiles which enables customers to pay for the rides of their family members. The person, organizing the' Family Profiles' will be served a detailed report of the rides they are paying for. The feature is primarily available in select cities of the US.

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Houston Mayor Sylvester Turner Interview

Moody's cuts Houston's $3-bln debt to Aa3 after oil price drop

Citing drop in revenues, Moody's Investors Service has lowered Houston's $3 billion of general obligation debt by one level to Aa4. Lower oil prices and restrictions on raising taxes are keeping further pressure on Houston's economy.

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Chinese New Year Celebrations in Kuala Lumpur

Coherent To Acquire Rofin-Sinar Eyeing Global Dominance Over Laser and Photonics Technology

Coherent has announced acquiring Rofin-Sinar through a deal for $942 million. The deal is expected to close by the coming six to nine months. Through the acquisition, Coherent eyes to represent itself as a global leader in the area of laser and photonics technology.

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Visual profile on the company Livingsocial.

LivingSocial Cuts Jobs By 50% While Focusing On Card Linking Discount Business

LivingSocial, partly owned by Amazon, has represented itself as a foe in ecommerce business. Gautam Thakar, the new CEO has gone through a massive workforce reduction since his inception 18 months back. Beside job cuts, Thakar has transformed its business focus from daily deals to card linked discount business which is now being tested in three US cities and seems to be popular.

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Massive Solar Electricity Plant Provides Power To California Homes

Ivanpah Solar Plant possible shutdown; The $2.2 bln power plant in Mojave performs lower than expected

Federally backed $2.2 billion solar plant in California may be forced to close. The solar plant failed to supply electricity to Pacific Gas and Electric Co as promised.

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Energy Independence and Global Warming Committee Hearing On Coal

World’s Largest Coal Miner Peabody’s Warning For Bankruptcy Doesn’t Indicate End of Coal Era

Series of bankruptcy decisions indicates the decaying market stake of coal industry and Peabody appears as the latest to file chapter 11 with the New York Stock Exchange. Many coal mining companies are still operating with profits. So warning of bankruptcy by the world’s largest private coal miner doesn’t indicate possible extinction of the coal industry.

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Yen rise deflates value of Japan's exports to US

The strengthening of Yen is eroding the value of Japan's exports to the US. Its overall exports volume was flat, while the value declined over four percent owing to rising Yen.

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U.S. Senate Commerce, Science & Transportation Committee Hearing On Self-Driving Cars

Uniform Law For Driverless Cars: Manufacturers Urge Promulgation, Lawmakers Opts For More Scrutiny

Executives of all pioneer manufacturers have called for promulgation of uniform federal law ahead of a hearing of the Senate Commerce Committee on Tuesday. Several states in the US have enacted own law prohibiting the driverless cars which has been cited as the reason for their advocacy. However, lawmakers and analysts prefer more scrutiny before initiating a uniform law.

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Citigroup Earnings Miss Estimates on Bond Trading, Mortgages

Shareholders of Citigroup and JPMorgan Will Vote on Potential Breakup

Shareholders of two U.S. prominent banks will vote later this year regarding the breakup plans for the banks. However shareholders are predicted to decline the plan submitted by liberal lobby activist.

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The UJA-Federation of New York Wall Street Dinner

Paul Taubman earns $75.5 mln as annual award disclosed first time

Former Morgan Stanley banker Paul J. Taubman has received $75.5 million compensation in his first year as Chief Executive Officer at PJT Partners Inc. Taubman led the investment bank as a publicly traded company.

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Facebook CEO Mark Zuckerberg At IIT Delhi

Facebook sees growth in Asia despite India's ban on Free Basics

Facebook Inc is bullish on Asian market potential. Recently, Facebook's Free Basics service has been banned by Telecom Regulatory Authority of India (Trai). Despite this jolt, Facebook is still optimistic about adding number of users as the region is recording much faster growth rate than other parts of the world.

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Trading On The Floor Of The NYSE As U.S. Stocks Join Global Rally While Investors Embrace ECB Measures

U.S. Stocks Wavered on Tuesday as Investors Wait for Fed Statement

U.S. stocks swung on Tuesday ahead of Fed statement. While Morgan Stanley and JPMorgan warned that similar to Europe and Japan, stimulus program may not be effective to stimulate growth.

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