Streaming Surge Turns Recorded-Music Sales Up to $11 Billion

Recorded-music sales in the U.S. grew 13% last year to the highest point in more than a decade, with streaming accounting for 80% of overall revenue.

 
Tupperware Shares Plunge as Company Delays Annual Report

The consumer-products seller is seeking more time to file its annual report after it disclosed an internal accounting investigation and warned of pressures on its sales and profit.

 
FAA Proposes Safety Fix for Another 737 MAX Production Lapse

Boeing faces a new round of safety fixes before the grounded 737 MAX can return to the air, as the FAA targets assembly-line lapses affecting shields to protect engine wiring during lightning strikes.

 
Intuit's New Way to Beat the Taxman

The company best known for its TurboTax software has an array of competitors in the field, but the most formidable one lurks in the background.

 
Barclays Probe Signals 'Governance Weakness,' Activist Investor Says

U.K. officials' probe of Barclays CEO Jes Staley's professional relationship with late financier Jeffrey Epstein shows "governance weakness" at the British bank, activist investor Edward Bramson said.

 
Two Juul Executives Leave Company in Pullback Overseas

Two executives overseeing international regions for the e-cigarette maker are departing as it scales back operations abroad.

 
Hilton's Waldorf Beverly Hills Used a Mole to Steal Secrets From Rival, Lawsuit Says

The Waldorf Astoria Beverly Hills is making a push to attract Middle Eastern royals and well-heeled celebrities. Now, a rival hotel is alleging the Waldorf stole corporate secrets and personal information about some of those guests in an effort to win business.

 
Bank of Montreal Posts Profit Rise

The Canadian bank logged a 5.4% rise in its fiscal first-quarter profit thanks in part to a lift in revenue and a solid period for loan and deposit growth and its capital markets arm.

 
Univision Sells to Group Led by Ex-Viacom Executive for Less Than $10 Billion

The Spanish-language broadcaster agreed to sell a majority stake to private-equity firm Searchlight Capital and a company founded by former Viacom finance chief Wade Davis.

 
Thomson Reuters Names Former Nielsen Executive as CEO

Steve Hasker will succeed Jim Smith, who will become the chairman of Thomson Reuters Foundation, the media company's charitable arm.

(END) Dow Jones Newswires

February 25, 2020 15:00 ET (20:00 GMT)

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