Federal regulators on Thursday proposed a cap on discounts given to small businesses when the government auctions off radio spectrum, in the wake of a review into Dish Network’s (DISH) bidding practices with two partners in the recent AWS-3 auction. Tom Wheeler, chairman of the Federal Communications Commission, also proposed placing limits on bidding partnerships that can be formed during auctions. The FCC is reviewing whether to award Dish
Pop music fans worried that Taylor Swift’s album “1989” wouldn’t be on Apple’s (AAPL) new streaming music service can “shake it off” now. Swift confirmed Thursday that her hit album will indeed be available on the service when it launches on Tuesday. The 25-year-old songstress revealed the news on Twitter. “After the events of this week, I’ve decided to put 1989 on Apple Music . .. and happily so,” she said. “This is simply the first time it’s felt right in my gut to stream my album.” Earlier in the week, Swift wrote a blog post critical of Apple’s plans not to pay artists royalties during the three-month free trial period for Apple Music. Within hours, Apple reversed course and agreed to pay the royalties. Apple will pay record labels 0.2 cents for each song that customers stream for free during the three-month Apple Music free trial, the New York…
Tesla Motor (TSLA) continues to struggle in China — a market that was once seen rivaling the U.S. for the electric carmaker — as shipments of the Model S remained weak in May. Only 163 units were shipped to China in May, according to data released Thursday by JL Warren Capital, nearly double vs. the prior month but down from the 414 units averaged monthly for the past 12 months. Nearly 5,300 Model S sedans have been shipped to China since April