Google Inc. shares rose to a record after the company unveiled a subscription music-streaming service and overhauled its online maps, part of several product updates aimed at attracting more users and advertisers.
Vivendi SA’s Universal Music Group sold its European rights to the Now! compilation series to Sony Music Entertainment in the final step of the asset sales required by regulators to approve its purchase of EMI Group.
Biogen Idec Inc., the fourth- largest U.S. biotechnology company by market value, won a U.S. patent that may guard its experimental multiple sclerosis pill from generic competition for eight more years than anticipated.
A publisher of hit songs by the 1970s rock band Boston, including “More Than a Feeling” and “Don’t Look Back,” sued the group’s leader and songwriter, Tom Scholz, to prevent the termination of his copyrights.