The Securities and Exchange Commission asked struggling retailer JC Penney to provide information on a controversial September stock offering that sent its shares plummeting when the sale was disclosed.
Spotify AB is planning a free, ad-supported version of its streaming-music service on mobile devices, according to people familiar with the matter, after previously making mobile users pay a monthly fee.
General Electric Co. plans to continue with its project to build a manufacturing operation at the Açu Superport being completed near Rio de Janeiro, according to Reinaldo Garcia, president and chief executive of General Electric Latin America.
Do you believe that President Obama will win back the millenial's support for Obamacare?
Uncle Omar says President Obama once lived with him for 3 weeks. The President denies this. Who do you believe?
Spotify disclosed that each time a user listens to a song, rights holders are paid between 0.6 cent and 0.84 cent. Over the course of 2013, the company said, it will have paid $500 million in royalties.