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Exclusive: Amazon is preparing to launch streaming music service – sources

By Julia Love SAN FRANCISCO (Reuters) – Amazon.com Inc is preparing to launch a standalone music streaming subscription service, placing it squarely in competition with rival offerings from Apple Inc and Spotify, according to two people with knowledge of the matter. Amazon is finalizing licenses with labels for the service, which likely will be launched in late summer or early fall, the sources said. Amazon, which …

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Exclusive: Amazon is preparing to launch streaming music service – sources

Exclusive: Redstone’s NAI talking to bankers about options for Paramount – sources

Sumner Redstone's National Amusements Inc is consulting investment bankers about strategic options for Viacom Inc's Paramount Pictures, including a possible stake sale, sources familiar with the situation said on Friday. National Amusements, which controls 80 percent of the voting shares of Viacom, is also keen to extract more value from the film studio's real estate holdings in Los Angeles, said the sources, who spoke on condition of anonymity. It is unclear what

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Exclusive: Redstone’s NAI talking to bankers about options for Paramount – sources

Tesla to clarify how customers may disclose problems

Tesla Motors Inc on Friday revised a nondisclosure clause in its customer repair agreements after a U.S. regulator took issue with the practice, while the electric carmaker's chief executive separately called most customer reports of suspension problems in its Model S sedan fraudulent. Tesla CEO Elon Musk went on the offensive on …

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Tesla to clarify how customers may disclose problems

Gawker Media files for bankruptcy, to go up for sale

By Jessica DiNapoli and Jared Leone NEW YORK/ST. PETERSBURG, Fla. (Reuters) – Gawker Media LLC, an online publishing pioneer, filed for Chapter 11 bankruptcy and put itself up for sale on Friday after a $140 million court judgment against it in a lawsuit brought by former professional wrestler Hulk Hogan over a sex tape. The move followed revelations that Hogan's lawsuit, along with several others against Gawker, were being bankrolled by billionaire investor Peter Thiel, an early backer of Facebook and a co-founder…

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Gawker Media files for bankruptcy, to go up for sale

Luxottica sues BCBG Max Azria over Wayfarer sunglasses trademark

By Jonathan Stempel (Reuters) – Luxottica Group Spa , the maker of Ray-Ban sunglasses, has sued BCBG Max Azria Group LLC, accusing the fashion house of knowingly infringing its famous Wayfarer trademark. The complaint, filed on Wednesday with the U.S. District Court in Los Angeles, said BCBG Max Azria's unauthorized sale of infringing eyewear was

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Luxottica sues BCBG Max Azria over Wayfarer sunglasses trademark

U.S. accuses Valeant’s Salix unit of kickbacks, false claims

By Jonathan Stempel NEW YORK (Reuters) – The United States has joined a whistleblower lawsuit accusing the Salix unit of Valeant Pharmaceuticals International Inc of paying illegal kickbacks to doctors and submitting fraudulent reimbursement claims to the government. In a complaint made public on Thursday in the U.S. District Court in Manhattan, the government said Salix…

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U.S. accuses Valeant’s Salix unit of kickbacks, false claims

U.S. reviewing suspension complaints in Tesla Model S cars

U.S. auto safety investigators are reviewing reports of suspension problems in Tesla Motors Inc's Model S cars, a government spokesman said on Thursday. The NHTSA also said it had learned that Tesla had entered into what it called a “troublesome nondisclosure agreement” with a Tesla Model S owner who had suspension problems. A Tesla spokeswoman said she was looking into NHTSA's

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U.S. reviewing suspension complaints in Tesla Model S cars

Drivers sue Uber, Lyft over exit from Austin, Texas

Former Uber Technologies Inc and Lyft Inc drivers in Austin, Texas, on Thursday accused the ride-hailing companies of breaking a federal law by abruptly halting operations in the city after voters backed a measure requiring them to fingerprint drivers. The lawsuits filed in federal court in San Francisco, where the companies are based, said Uber and Lyft violated a law that requires companies to give 60 days notice to employees before a “mass layoff.” Uber spokesman…

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Drivers sue Uber, Lyft over exit from Austin, Texas

Verizon’s bid for Yahoo’s web assets topped by others: source

(Reuters) – Verizon Communications Inc did not submit the highest offer this week in the second round of bidding for Yahoo Inc's core internet assets, according to a person familiar with the matter. No committed financing was required for second-round bids, and Yahoo will put together in the coming days a new shortlist of

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Verizon’s bid for Yahoo’s web assets topped by others: source

Bezos says Amazon to up India investment to $5 billion

Amazon Inc Chief Executive Jeff Bezos said on Tuesday the company would invest an additional $3 billion in India, boosting its committed investment in the country to over $5 billion. Bezos told an event in Washington attended by Indian Prime Minister Narendra Modi – who met earlier on…

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Bezos says Amazon to up India investment to $5 billion

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