 | Good afternoon Bit |  |  | Apple has completed work on an online music storage service and is set to launch it ahead of Google, whose own music efforts have stalled, according to several people familiar with both companies' plans. The sources revealed that Apple's plans will allow iTunes customers to store their songs on a remote server, and then access them from wherever they have an Internet connection and that Apple has yet to sign any new licenses for the service and major music labels are hoping to secure deals before the service is launched. Amazon.com launched a music locker service earlier in April without new licensing agreements leading to threats of legal action from some music companies.
The risky attempt by The New York Times to charge fees to website readers looks to be paying off, although it still faces stiff challenges in turning around a fall-off in print advertising revenue at its core business. The company gained more than 100,000 new subscribers since it introduced its digital subscription service on March 28, representing at least an estimated $26 million in annual revenue and trouncing early expectations for the service.
Disruption to Amazon servers that host Internet services took down a raft of social networking websites including social network foursquare and Q+A aggregator Quora. Amazon's "Elastic Compute Cloud," part of the online retail company's cloud-computing service that hosts websites for startups, experienced latency problems and other errors, according to Amazon's status page. The latest update on Amazon's status page said the company was "now seeing significantly reduced failures and latency and ... continuing to recover. We have also brought additional capacity online in the affected availability zone."
Cloud computing solutions have advanced beyond storage to the point where they now provide businesses with ways to improve operations, writes Microsoft's Cindy Bates. Among her tips for businesses to get more from the cloud: Deploy cloud-based versions communication/productivity tools such e-mail, phone, chat, contacts, calendars, and document creation software to gain access to enterprise-level capabilities; if your business provides Web services to customers, moving applications to the cloud will allow you to scale them up or down depending on your needs and gives your developers more choice in where and how they manage, deploy and store data; and the cloud can give your business the ability to maintain a remote workforce. Workers can access e-mail, documents, calendars and more, as well as collaborate with colleagues through document-sharing programs and video conferencing technology, essentially experiencing "in-office" scenarios wherever they have access to an Internet connection, Bates argues.
| | | LATEST NEWS | | Microsoft plans sweeping pay rises: CEO memo | | April 21, 2011 02:45 PM ET | | SEATTLE (Reuters) - Microsoft Corp plans to introduce broad raises in salaries and stock awards to attract and retain top talent, CEO Steve Ballmer said in an internal memo obtained by Reuters on Thursday. | Full Article | | AT&T touts benefits of T-Mobile deal to FCC | | April 21, 2011 05:26 PM ET | | WASHINGTON (Reuters) - AT&T Inc told communications regulators its $39-billion bid to buy Deutsche Telekom AG's T-Mobile USA would let it build high-speed wireless services reaching more than 97 percent of U.S. users. | Full Article | | Groupon hires Google executive for No. 2 job: report | | April 21, 2011 03:16 PM ET | | SAN FRANCISCO (Reuters) - Online coupon service Groupon has hired a Google Inc executive to be its new chief operating officer, filling a key slot in its management team ahead of a potential initial public offering, according to a media report. | Full Article | | iPhone helps Verizon, but not enough for some | | April 21, 2011 05:46 PM ET | | NEW YORK (Reuters) - Verizon Communications Inc gained wireless subscribers with Apple Inc's iPhone, but the effect on its financials failed to impress investors, who sent its shares down 2.3 percent. | Full Article | | | BUSINESS NEWS
| | NYSE board rejects sweetened Nasdaq, ICE bid | | April 21, 2011 04:57 PM ET | | NEW YORK (Reuters) - NYSE Euronext directors rejected as too risky and lacking value a sweetened takeover offer from Nasdaq OMX Group and IntercontinentalExchange , the second time in 11 days the board backed a lower bid from Germany's Deutsche Boerse AG . | Full Article | | Mattel handed stunning reversal in Bratz case | | April 21, 2011 05:34 PM ET | | SANTA ANA, California (Reuters) - Mattel Inc , after waging a seven-year legal war against a tiny California company, suffered a surprise defeat on Thursday after a U.S. jury decided that MGA Entertainment Inc is the rightful owner of the once-billion dollar line of pouty-lipped Bratz dolls. | Full Article | | Lawsuits fly in BP's Gulf spill blame game | | April 21, 2011 05:12 PM ET | | LONDON/NEW YORK (Reuters) - A barrage of court claims pitting BP Plc against its partners in the Gulf of Mexico oil spill could lay the groundwork for billions of dollars in settlements to spread the costs of the disaster. | Full Article | | | | U.S. TOP NEWS | | | | | RELATED VIDEO | | |  |  | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. |  | | Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. |  | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. | | | » MORE NEWSLETTERS | | | ODDLY ENOUGH | | | | | | |
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