Tag: market

Yahoo’s Music Store Undercuts The Entire Market

As expected, Yahoo is unveiling its music subscription service today. What is unexpected is the price. As reported practically everywhere, Yahoo will release today Yahoo Music Unlimited, which charges just $60 a year for unlimited access to over 1,000,000 songs from all four major record labels and many independents, plus transfer those songs to portable players.

Kerkorian Spooks Market With Massive GM Purchase

Kirk Kerkorian’s investment company Tracinda wants to pick up 5% of GMs outstanding stock. The massive purchase of 28 million shares at $31 a share would total $868 million and make Tracinda the third largest stockholder when combined with the 3.9% they already own. GM’s stock began a quick ascent as stock jumped to over $32 a share in the process.

Back To Top