Spotify Facing New $ 1.6 Billion Lawsuit

Spotify has been hit with another lawsuit for infringing the rights of songwriters and publishers. Wixen Music Publishing is seeking $ 1.6 billion in damages and is citing more than 10,000 songs in the lawsuit. That is approximately $ 150,000 in damages per song. The music streaming company was in the process of settling a class action lawsuit with songwriters this past December, which included Wixen. But Wixen objected to the terms stating that  read more>>

Oil rises to $ 60, the highest in 2.5 years.

Following a pipeline explosion in Libya, crude oil prices have risen to over $ 60 a barrel. This marks the highest oil has been in 2.5 years. Reports from Libya’s state-run National Oil Corporation stated that the explosion jeopardized output by 100,000 barrels a day. US crude oil rose by 2.5% on Tuesday, this was following a spike it had last month when the keystone pipeline was shut down due to an oil spill.  read more>>

The GOP Tax Bill

Today, the house and the senate will vote on the final version on the tax bill proposed by the GOP.  There have been many changes to the bill since the bill was first drafted. In essence the bill will give everyone a tax break in the near future, and then rates are expected to rebound in 2027. The bill will change the tax brackets, lowering personal taxes for unmarried individual filers and married joints  read more>>

Power outage at Atlanta’s International Airport Leads to 1,150 Canceled Flights

Today many passengers find themselves stranded as airlines deal with the effects of a power failure at Hartsfield-Jackson Atlanta International Airport. On Sunday at around 1 pm, the power failed due to a fire in an underground electrical facility that provides power to the airport. As a result, more than 1,150 flights were cancelled nationwide. The Atlanta International Airport is the busiest Airport in the world, and it is a major hub for domestic  read more>>

American Express, No Signature Needed

On Monday, American Express announced that it is no longer requiring a signature to purchase with their card. The move away from signatures will happen during April of next year, but this is not something new for AmEx. The company has already stopped requiring signatures for purchases below   $ 50 in the US. The same has been done in countries around the world by AmEx, but with other amounts. The executive vice of American  read more>>

Verizon and the NFL to stream games on every smartphone

Verizon has just signed a multi-year deal with the NFL to stream football games to all smartphones regardless of carriers. This is not a new feature for Verizon, which had previously signed a deal with the NFL that allowed Verizon customers to stream football games directly on their phones. But now the new deal allows fans to watch football games in their local markets even if they are not Verizon customers. So, if you  read more>>

Facebook Looks to Reach a Younger Demographic

Facebook announced that it had developed a messenger app aimed at children 13 and younger. This would allow a much younger demographic of users to interact and connect. The service would provide a more controlled environment for the activities that happen across smartphones and tablets. Facebook already has more than 2 billion users monthly, and its other apps like messenger, whatsapp, and Instagram have a billion users. But most of those users are adults.  read more>>

Disney Resumes Talks to Buy 21st Century Fox

21st Century Fox has reportedly resumed talks with Walt Disney to sale most of its assets. The deal being discussed would include Fox’s movie and cable networks, as well as its international divisions like SKY in the UK. The talks were believed to have stopped last month, but it seems that Disney is now very interested in the possibility of moving forward. The huge media conglomerate would benefit greatly form the synergies that would  read more>>

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