Earlier reports on Universal Music Group masters from labels like Decca being destroyed by the fire on the Universal Studios lot are, happily, false. A UMG spokesperson told Billboard: “We had no loss, thankfully. … We moved most of what was formerly stored there earlier this year to our other facilities. Of the small amount that was still there and awaiting to be moved, it had already been digitized so the music will still be around for many years.” [Billboard]

 
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Exclusive: Alibaba plans to take Hong Kong unit private
HONG KONG (Reuters) - Chinese e-commerce company Alibaba Group plans to take its Hong Kong-listed unit private, two sources familiar with the matter said, and is working with Yahoo on an asset-swap deal that may result in Yahoo owning a direct stake in one of Alibaba Group's operating businesses ...
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Rick Santorum, fresh off victories in three states, will use a speech to Republican activists to attempt to solidify his position as the prime alternative to Mitt Romney in the Republican presidential race. Santorum, Romney and rival Newt Gingrich will each make their case today in Washington at the ...



 

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