Can Sonos Become Google for the Music You Love?

Can Sonos Become Google for the Music You Love?
First look at the wireless home audio system’s new universal music search
GEOFFREY A. FOWLER
Updated March 18, 2014 5:35 p.m. ET
Personal Tech Columnist Geoffrey Fowler got a first look at the new interface for Sonos, the popular multiroom wireless speaker system. The key feature: Universal search, that lets you find your music across multiple services like Spotify and Pandora.

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James E. Stowers Jr., Mutual-Fund Pioneer and Cancer Crusader, Dies at 90; Founder of American Century Investments Was a Noted Philanthropist

James E. Stowers Jr., Mutual-Fund Pioneer and Cancer Crusader, Dies at 90
Founder of American Century Investments Was a Noted Philanthropist
STEPHEN MILLER
March 18, 2014 7:21 p.m. ET
James E. Stowers Jr. , who turned a small six-figure investment into one of the nation’s largest mutual-fund companies before turning his focus to philanthropy, died Monday at age 90.
A lifelong resident of Kansas City, Mo., Mr. Stowers was known to mutual-fund associates as “the eternal bull” for his faith in markets. Privately held American Century Investments, the company Mr. Stowers founded in 1958, has grown into a fund giant with about $141 billion under management, the company said.

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Lenovo is still looking to acquisitions to fuel growth, less than two months after announcing a pair of deals valued at $5 billion that already threaten to stretch the company’s resources

Lenovo to Seek Acquisitions for Growth
Still Looking to Acquisitions After Unveiling Pair of Deals Worth $5 Billion.
LORRAINE LUK and JURO OSAWA
March 18, 2014 12:03 a.m. ET
HONG KONG—Chinese personal-computer maker Lenovo Group Ltd. 0992.HK +1.43%said Tuesday it is still looking to acquisitions to fuel growth, less than two months after announcing a pair of deals valued at $5 billion that already threaten to stretch the company’s resources.

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Japan Hits a Sour Note on Music Sales; Changing Consumer Habits Mean Fewer Ringtones, CDs-Dragging Down Global Result

Japan Hits a Sour Note on Music Sales
Changing Consumer Habits Mean Fewer Ringtones, CDs—Dragging Down Global Result
HANNAH KARP And MIHO INADA
March 18, 2014 2:35 p.m. ET
Even with the recorded-music business stabilizing in many countries, global music revenue shrank last year. The biggest reason: Japan’s music market, the world’s second largest after the U.S., is in free fall.

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Wal-Mart Can’t Reach GameStop’s Level in High-Margin Used Videogames; Selling used videogame boasts gross margins of 40-50%, compared with 20% for new game software and 5-10% on new game hardware

Wal-Mart Can’t Reach GameStop’s Level
MIRIAM GOTTFRIED and JUSTIN LAHART
March 18, 2014 3:40 p.m. ET
GameStop’s stock fell on news that Wal-Mart is entering the used-videogame business>. But Heard on the Street’s Miriam Gottfried thinks the reaction is overblown. Photo: “Call of Duty” Activision.
In the world of videogames, it is tough to beat a seasoned professional.

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Compelling Signs the Chinese Property Boom Is Over; Big Bets Begin to Sour, Showing the First Signs of Deeper Trouble to Come

Compelling Signs the Chinese Property Boom Is Over
Big Bets Begin to Sour, Showing the First Signs of Deeper Trouble to Come
ANDREW BROWNE
March 18, 2014 10:15 a.m. ET
BEIJING—For years, China “bears”—a group of Cassandras ranging from hedge-fund managers to media pundits—have been predicting a crash in China’s residential real-estate market, the single-most-important driver of the Chinese economy.

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Beijing’s Money Moves: Political allocation of ever-expanding heaps of credit, restrictions on international capital flows have prevented China’s economy from adjusting to changing economic conditions

Beijing’s Money Moves
Deposit-rate reform counts for more than a wider yuan band.
Updated March 18, 2014 7:47 p.m. ET
China is finally moving on financial reform, and in the early innings the score is one hit and one miss. The central bank chief last week set an ambitious two-year target for liberalizing the interest rate paid on bank deposits. And on Saturday the central bank announced it will widen the band within which the yuan is allowed to fluctuate, to 2% above or below a midpoint set daily by the central bank from 1%.

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