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Spotify, controversial king of music streaming

Spotify may incontestably be the king of music streaming, but as the Swedish firm prepares for a stock listing, there is still a divide whether its reign is benign or not for artists and the music industry. "We really do believe that we can improve the world, one song at a time," Spotify's...

EU promises firm response to US steel tariffs

The European Union said Thursday it would react firmly with a proposal within days for WTO-compatible countermeasures against the United States for trade restrictions on steel and aluminum, which it called a "blatant intervention" to protect U.S. industry. "We strongly regret this step,...

Goldman Sachs, SocGen bid for unit of Commerzbank

Goldman Sachs Group Inc. and Societe Generale SA have submitted final bids for the Commerzbank AG unit that houses the lender’s exchange-traded fund business, according to people familiar with the situation. Barclays PLC, which was said to be interested in the Equity Markets and Commodities...