U2’s Bono defends under-fire music streaming services

DUBLIN (Reuters) – Irish rocker Bono has defended Spotify from criticism it pays too little to people who create music, saying digital music streaming services are opening up new ways for musicians to reach their public. “I see streaming services as quite exciting ways to get to people

Read more

Traders seek out clues on stocks from Internet employee forums

By Sudip Kar-Gupta LONDON (Reuters) – When digging for insight on a complex retail story such as Tesco, whose shares are at decade lows after profit warnings and boardroom upheaval, every little helps investors – even comments in employee chatrooms.

Read more

Marketing costs weigh on Orbitz quarterly profit

(Reuters) – Orbitz Worldwide Inc reported a lower-than-expected quarterly profit, due partly to higher marketing costs related to a new loyalty program for users of its travel booking websites. Orbitz’s shares were down nearly 2 percent in premarket trading after the company also forecast full-year revenue below analysts’ expectations. The operator of the Orbitz and CheapTickets websites said it expected full-year revenue to rise by 9 percent to 10 percent.

Read more