Blackstone Group LP raised more than $4 billion in 2009 to buy European property assets anticipating that cash-strapped banks would be forced to sell as the region’s debt crisis worsened. Almost all of it sat idle for two years.
Pandora Media Inc., the biggest Internet radio service, asked a federal judge to stop a group representing songwriters and music publishers from narrowing the scope of licenses that allow their music to be played.
Pandora Media Inc., the biggest online radio service, turned to digital-advertising veteran Brian McAndrews as its new chief executive officer in a push to boost revenue while fending off competition from Apple Inc.
Sony Corp. and the world’s major record labels, are starting their own music streaming service in the U.S. this quarter that will challenge Apple Inc. ’s iTunes, after years of letting start-ups license their artists.