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Spotify Raises $500 Million in Apple Battle
2015-06-10 16:21:28| IT Services - Topix.net
Music-streaming company Spotify Ltd. has raised $526 million in a fundraising that values it at $8.53 billion, according to a person familiar with the matter, as investors bet it can fend off a new threat from Apple Inc. The fundraising attracted investment from a number of investment funds in Europe and the U.S. and included a $115 million investment from Nordic telecom operator TeliaSonera AB, which said the two companies would work together on areas such as media distribution, data analytics and advertising.
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Oil train disaster settlement fund reaches $345 million
2015-06-10 11:23:09| Energy - Topix.net
The compensation fund for victims of a fiery oil train derailment that claimed 47 lives in a small town in Quebec has grown to $345 million with a contribution from the company that owned the shipment. World Fuel Services Corp., which was accused in a lawsuit of downplaying the volatility of the crude oil from North Dakota's Bakken shale region, agreed to contribute $110 million to the settlement fund, leaving Canadian Pacific Railroad as the only company with potential liability that has declined to contribute.
Dutch DSL VoIP grow past 2 million connections in Q1 2015
2015-06-10 09:55:00| Telecompaper Headlines
(Telecompaper) The Dutch fixed telephony market grew by 0.5 percent during the first quarter to end March, with 6.27 million mass market (consumer & SOHO) lines, according to Telecompaper's latest Dutch Fixed Telephony Market report. The quarterly growth was driven by VoIP via DSL which gained 1.3 percent more customers to end Q1 2015 with more than 2 million subscribers.
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Oil train disaster settlement fund reaches $345 million
2015-06-10 08:53:06| Oil & Gas - Topix.net
The compensation fund for victims of a fiery oil train derailment that claimed 47 lives in a small town in Quebec has grown to $345 million with a contribution from the company that owned the shipment. World Fuel Services Corp., which was accused in a lawsuit of downplaying the volatility of the crude oil from North Dakota's Bakken shale region, agreed to contribute $110 million to the settlement fund, leaving Canadian Pacific Railroad as the only company with potential liability that has declined to contribute.
$54 million Alberta ranch sets property listing record for province
2015-06-10 05:31:04| Real Estate - Topix.net
A sprawling cattle ranch south of Calgary has set a record for the most expensive residential property ever listed on Alberta's MLS system, according to Sotheby's Canada Inc. Sotheby's has listed the 6,000-hectare Bar-N Ghost Pine Ranch for a hefty US$42.5 million, or $54 million Canadian. "People that are looking to buy this type of ranch are people that are not really affected by what's happening here with the economy," said Renata Reid, the Sotheby's real estate agent selling the property.
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