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Apple Inc. (NASDAQ:AAPL) is considering license music for a custom-radio service comparable to the one that is operated by Pandora Media (NYSE:P), sources claim, in what would be a bid by the hardware maker for the expansion of its dominance in online music, according to the Wall Street Journal. The shares closed at $680.44, up $4.17 or 0.62% on the day. They have traded in a 52-week range of $354.24 to $680.87.
Amazon.Com (NASDAQ:AMZN): U.S. District Judge Denise Cote in Manhattan has approved a settlement with three major book publishers regarding alleged collusion in e-book pricing, according to the Wall Street Journal. In April, Lagardre SCA’s Hachette Book Group, CBS’s (NYSE:CBS) Simon & Schuster and News Corp.’s (NASDAQ:NWSA) HarperCollins Publishers agreed as part of the settlement to end their agreements with Apple (NASDAQ:AAPL) and will not limit any retailer’s ability to set e-book prices for two years. The shares closed at $259.14, up $7.76 or 3.09% on the day. They have traded in a 52-week range of $166.97 to $252.70.
Dineequity Inc (NYSE:DIN): IHOP has announced a new partnership with The Quaker Oats Company that will create a proprietary blend of oatmeal, and the first jointly developed breakfast item between the two brands. This also marks the first time The Quaker Oats Company has ever partnered for the creation of a branded item made specifically for the Family Dining restaurant segment. IHOP’s new oatmeal blends three different types of oats to provide unique flavors and textures. The shares closed at $55.45, up $0.11 or 0.2% on the day. They have traded in a 52-week range of $35.20 to $55.60.
Walt Disney Company (NYSE:DIS): Later today, the FCC will propose a plan intended to auction off TV airwaves to wireless carriers, reports The Washington Post, citing an unnamed official who is familiar with the matter. The carriers are to use the new airwaves for the development of faster and more reliable networks, the publication also stated. The shares closed at $51.74, down $0.12 or 0.23% on the day. They have traded in a 52-week range of $28.19 to $51.87.
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