NEW YORK (Reuters) - Qtrax, a new legal online file-sharing service that allows fans to download songs for free, said on Sunday it will launch with 25 million to 30 million copyrighted tracks with backing from major labels.
PARIS (Reuters) - The junior trader blamed for causing a $7 billion loss at French bank Societe Generale faced a second day of questioning on Sunday by finance police, who said he was cooperating with their inquiry.
WASHINGTON (Reuters) - No. 2 U.S. beermaker SABMiller's move to combine American operations with No. 3Molson Coors will likely be approved even though it will increase market concentration, antitrust experts said.
CHICAGO (Reuters) - New York Attorney General Andrew Cuomo has subpoenaed Merck & Co and Schering-Plough Corp for documents and information to see whether the companies hid the results of a study on their cholesterol drug Vytorin.
WASHINGTON (Reuters) - Mortgage loan analysis company Clayton Holdings Inc , in an agreement with New York's attorney general, said on Saturday it would detail how Wall Street firms disregarded its warnings about the quality of home loans later sold to investors.
BRUSSELS (Reuters) - Fortis looks set to be under pressure on Monday after a media report that the Belgian-Dutch bank would write down up to 2 billion euros ($2.9 billion) off its subprime portfolio and after its shares fell on talk of profit warnings.
LONDON (Reuters) - As many as 20,000 jobs in London's financial district are likely to be wiped out due to the financial crisis, a survey showed on Sunday.
FRANKFURT (Reuters) - German premium car maker BMW aims to increase its sales in the United States to 400,000 units per year in the medium term from 336,000, the German Auto Motor und Sport magazine reported.
NEW YORK (Reuters) - IAC/InterActiveCorp is talking to potential investors interested in the four business units the Internet conglomerate plans to spin off, such as its HSN shopping network and Ticketmaster box office service, the Wall Street Journal reported on Saturday.
KUALA LUMPUR (Reuters) - Web search engine giant Google Inc is interested to set up operations in Malaysia, citing the country's technology infrastructure and strategic location, newspapers reported on Sunday.
