Investing and Global Finance News

Monthly Archives: May 2014

Samsung’s Music Hub-USA to be Discontinued

Samsung announced that it will be closing its Spotify competitor, US-based subscription streaming music platform Music Hub. Lucky for people in Australia Samsung gave assurances that its ‘down-under’ version will remain in business.

Samsung closing down Music Hub USA
Samsung closing down Music Hub USA

“Samsung Music Hub in Australia has been developed for this country and for Australian customers. It is a separate platform from other music channels offered in other overseas markets,” the company said.

Music Hub-USA was launched in 2012 as a kind of mix between Spotify and iTunes. It came out as a companion to Samsung’s flagship phone, the Galaxy S III. Individual music tracks and albums were available for purchase as well as unlimited streaming for $10 per month.

According to Samsung’s Music Hub web-site it will still be possible to download the Music Hub app until July 1 and use it to purchase music.

This past year Samsung release Milk Music. This platform offers free streaming radio similar to Pandora. Milk allows users to describe the types of music you like to listen to and then creates a customized radio station playing your favorite songs. Rumors have been circulating that Milk is destined to lose its free status in the near future.

Recent Presidential Stock Sales

Company presidents may choose to sell their shares for a whole slew of reasons. Sometimes it is to raise funds to pay a tax bill, or just to diversify. According to a recent article by Susan Pulliam and Rob Barry, it is believed that “insiders have a particularly good feel for how companies are faring.”… Continue Reading

Meridian Sells Off US Business Two Years After Announcement

After five years in the US energy market and two years after announcing its plans to sell off its US solar-power business, Meridian Energy finalized its sale of its huge, 20-hectare solar plant. California-based SunEdison purchased Calrenew-1 for an undisclosed amount. Guy Waipara, Meridian general manager of external relations said that the figures will appear… Continue Reading

Clothing Retailers Posting Higher Profits

According to financial information company Sageworks, US clothing retailers have been more profitable in recent years, despite slowing sales growth. Privately held apparel shops have posted a net profit margin of almost 7 percent, on average, in 2013. That figure is about twice what it was during the preceding two years. Sales however showed slower… Continue Reading

Hollowell Appointed President of ATG USA

It is expected that Ben Hollowell’s legal training will help him greatly as he begins to take his place as the new president of ATG (formerly Applied Technology Group.) Hollowell, graduate of Wynne High School in Arkansas, was promoted to president of ATG USA after working there as the chief financial officer since April 2007.… Continue Reading