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Capitol wins digital records lawsuit vs ReDigi start-up Monday, Apr 01, 2013 12:42 PM PDT By Jonathan Stempel and Alistair Barr (Reuters) - In a major lawsuit testing the legitimacy of music downloads, Capitol Records LLC has won a court ruling that the start-up ReDigi Inc has infringed its music copyrights. U.S. District Judge Richard Sullivan in Manhattan said ReDigi was not authorized to allow listeners to use its platform to buy and sell "used" digital music tracks originally bought from Apple Inc's iTunes website. ... Full Story | Top |
Appeals court denies broadcaster request to shut Aereo Monday, Apr 01, 2013 11:03 AM PDT By Erin Geiger Smith (Reuters) - An appeals court on Monday declined to temporarily shut down Aereo Inc, an online television venture backed by billionaire Barry Diller, which broadcasters say is infringing their copyrights. The 2nd U.S. Circuit Court of Appeals disagreed with the broadcasters, including Walt Disney Co's ABC and Comcast Corp's NBCUniversal, that Aereo should discontinue its service until litigation between the companies is resolved. Subscribers to Aereo can stream live broadcasts of TV channels on mobile devices using miniature antennas each assigned to one subscriber. ... Full Story | Top |
MetroPCS urges shareholders to vote for T-Mobile deal Monday, Apr 01, 2013 06:15 AM PDT (Reuters) - MetroPCS Communications Inc urged shareholders to support its proposed merger with Deutsche Telekom AG unit T-Mobile USA Inc after two proxy advisory firms recommended that shareholders vote against the deal. Proxy advisers Glass Lewis and ISS have backed efforts by two key activist investors to block the deal. MetroPCS said in a letter to shareholders on Monday there could be no assurance that it would be able to deliver better shareholder value as a stand-alone wireless company. The company will hold a special meeting of stockholders on April 12 to vote on the deal. ... Full Story | Top |
Panasonic unit in U.S. bribery investigation: WSJ Sunday, Mar 31, 2013 06:28 PM PDT NEW YORK (Reuters) - A unit of Japan's Panasonic Corp is under investigation by U.S. authorities looking at whether the company paid bribes overseas to airline employees or government officials to help land business, the Wall Street Journal reported. Citing company documents, the Journal said Panasonic Avionics had received a subpoena looking for communications between Panasonic Avionics, consultants and others. The subpoena also asked for documents related to payments to the airline employees and government officials, the newspaper said. ... Full Story | Top |
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