China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
Sony BMG, Universal questioned about venture talks: source
LOS ANGELES (Reuters) - The U.S. Department of Justice has requested information from Sony BMG and Universal Music Group about their talks to launch an online music subscription service, said a record company executive on Thursday.
The person, who wished to remain unnamed, said both record companies had received letters from the Justice Department asking questions about their plans for a site to be called Total Music, which would help the labels reduce the leverage that Apple Inc (AAPL.O) wields in the digital music market with its popular iTunes service.
A spokesman for Sony BMG, a joint venture between Sony Corp (6758.T) and Bertelsmann AG (BTGGg.F), was unavailable to comment. While Universal, owned by French media giant Vivendi(VIV.PA), declined comment.
(Reporting by Sue Zeidler; editing by Carol Bishopric)
