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Yahoo! (NASDAQ:YHOO) and Spotify have entered into a global content distribution and promotion agreement enabling Yahoo! to integrate and promote theon demand music service by Spotify on Yahoo!’s Media Network, who reaches more than 47% of all Internet users, nearly 7 million monthly users. Spotify will initially begin with Yahoo! Music and will be contextually integrated globally on the rest of Yahoo!, which includes popular entertainment sites such as Yahoo! Movies and omg!. Also, Yahoo! will make an app featuring Spotify’s platform, which will include Yahoo! original entertainment content, and will reach Spotify’s active users.
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S&P Indices announced the replacement of Raleigh-based Progress Energy (NYSE:PNG) with California-based hard-drive manufacturer Seagate Technology (NASDAQ:STX) on the S&P after the market closes Friday.
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