Universal Music to sell Parlophone to Warner Music for 487 million pounds
(Reuters) - Vivendi SA's Universal Music Group said it has agreed to sell its Parlophone Label Group to Warner Music Group for 487 million pounds ($765 million).
Parlophone Label's artists include Air, Coldplay, David Guetta and Iron Maiden.
Warner Music Group is owned by privately held Access Industries Inc.
(Reporting by Neha Alawadhi in Bangalore; Editing by Supriya Kurane)
- A top Federal Reserve official who is sometimes seen as a bellwether for U.S. monetary policy on Monday offered his voice to a growing contingent at the central bank that has argued for reducing the Fed's bond buying at a meeting next week.
SAN FRANCISCO - At Pinterest, the four-year-old online bulletin board service that is valued near $3.8 billion, some 70 percent of the users are female. But the company's board of directors is 100 percent male. | Video
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.