Spotify Ltd., the Stockholm-based music-streaming company backed by billionaire Li Ka-Shing, is speaking with banks about raising a credit facility, a move that could presage an initial public offering in the U.S., people with knowledge of the matter said.
A top U.S. senator is vowing to pursue rules governing in-vehicle use of mobile phones and Internet-connected entertainment systems unless automakers and technology companies do more to reduce driver distractions.
Huawei Technologies Co. and Alcatel- Lucent SA, challenging Ericsson AB’s leadership in the wireless equipment market, are reshaping tactics around services to gain a way into networks they’ve so far been shut out of.
Beats Music, whose founders turned headphones into a must-have accessory, unveiled a subscription music-streaming service that will attempt to make the money- losing category as hip and profitable as its gear.
Google Inc. is going after consumers’ eyes with its Glass Internet spectacles, and Samsung Electronics Co. went for the wrist with its Galaxy Gear smartwatch. Iriver Inc. is seeking to connect another body part: the ear.
Sierra Wireless Inc., the communications-equipment maker that connects cars and coffee machines to the Internet, is looking for acquisitions to do the same for air compressors and other industrial machines.
In 1992, Todd Pedersen was passed over for what he considered the perfect summer job: selling pest-control services door-to-door in Sacramento, Calif. Some of his college buddies had pulled in $10,000 doing it the previous summer, while Pedersen was making about half that much hanging sheetrock. Pedersen, then a 23-year-old Brigham Young University student who had spent countless afternoons knocking on strangers’ doors as a missionary for the Mormon Church, ended up earning $82,000 working for a rival pest business that summer. “[The recruiter] didn’t think I had what it took to do it, which is odd because I’m from Idaho and Idahoans can do anything,” he says.