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World Equity NewsEquities Org UKMortgages, insurance, and loans for the self-employed and students Equities Org equities news has moved! How to quickly sell your house London equity markets make small gains Eurofirst highest since May 2002 Eurofirst makes small gains as Xetra Dax down Eurofirst slightly higher as elections approach London strong on double witching hour NYSE sees little movement on investor caution European equities investors worried by elections NYSE equities down on economic data Nikkei down on post-election profit-taking Nikkei down on post-election profit-taking Economic concerns hit Eurofirst and Xetra Dax Japanese elections boost Tokyo indices Xetra Dax sees fall in Allianz Utilities focus on FTSE Dow Jones sees little movement Analysts suggest Katrina will stimulate economy Investors settled by Japanese polls Banking and utilities see gains on Eurofirst FTSE makes small gains on mergers Investors consider construction boom after hurricane Investors wait in Sunday's election Eurofirst drops from 38-month highs UK Equities down despite monetary policy decision London FTSE makes only small gains Investors consider Katrina economy impact FTSE gains to three-year high |
25/07/05BMG shamed in Spitzer warningNew York Attorney General Eliot Spitzer warned radio stations that they would not escape scrutiny as his investigation into pay-for-play schemes in which music companies pay for airplay of songs released on their labels. The warning came as Mr. Spitzer announced the first settlement by a music company in the year-long investigation. Sony BMG Music has agreed to pay $10 million to a music-related charity and alter its promotion practices, as well as to make a public statement acknowledging that it had pursued improper pay-for-play deals in order to get music by its artists played on certain radio stations and that such practices are still prevalent in the music industry. Specifically, Spitzer said that Sony had bribed programmers and disc jockeys with luxury trips, gifts such as digital cameras, as well as payments through independent promoters. Some members of the music industry disputed the impropriety of pay-for-play practices by using the example of product placement in supermarkets, where companies routinely pay the supermarket chains for optimum placement of their products in the stores. Others claimed that the practices were not illegal, as well as that radio was not even that important a platform for the launch of music in the internet age, where websites have replaced radio as the media of choice for promoting music. |
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