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  • NEW YORK, April 17- Several major U.S. music companies sued Pandora Media Inc on Thursday, accusing the online streaming service of cheating them out of royalties by playing thousands of pre-1972 recordings without paying royalties.

  • Gox, once the world's biggest bitcoin exchange, is likely to be liquidated after a Tokyo court dismissed the company's bid to resuscitate its business, the court appointed administrator said on Wednesday.

  • URGENT-Microsoft's Xbox One sales cross 5 million Thursday, 17 Apr 2014 | 7:38 PM ET

    SAN FRANCISCO, April 17- Microsoft Corp has sold over 5 million Xbox One video game consoles to retailers since its launch in November, the company said on Thursday. The console went on sale on Nov. 22 in 13 countries, including the United States, United Kingdom and Australia, a week before rival Sony Corp's PlayStation 4 was released.

  • SAN FRANCISCO/ HONG KONG, April 17- Weibo Corp executives on Thursday toasted the Chinese social media firm's debut at Nasdaq's New York headquarters.

  • WRAPUP 2-For Morgan Stanley, playing it safe pays off Thursday, 17 Apr 2014 | 7:25 PM ET

    April 17- A year ago, soon after Morgan Stanley posted disappointing quarterly earnings, Chairman and Chief Executive Officer James Gorman told board members the bank was on the right track and investors who sold shares had made a mistake. Morgan Stanley posted a 55 percent gain in first-quarter profit.

  • Several behemoths, including Apple, the largest U.S. company by market value, as well as Microsoft, McDonald's and AT&T, are due to report earnings.

  • SAN FRANCISCO, April 17- A U.S. judge on Thursday rejected a request by patent consortium Rockstar to transfer patent litigation from Google Inc's home turf in California to Texas, according to a court ruling.

  • WASHINGTON, April 17- The Pentagon on Thursday forecast the cost of developing and buying Lockheed Martin Corp's F-35 fighter jet at $398.6 billion, up 2 percent from last year, but said the projected cost to operate and maintain the jets was down about 9 percent.

  • DETROIT, April 17- The federal judge overseeing Detroit's historic bankruptcy case has revived the idea of a regional water authority and also suggested the city may need court oversight after it emerges from bankruptcy.

  • WASHINGTON, April 17- An unmanned U.S. Navy helicopter built by Northrop Grumman Corp and a precision ship-landing system built by Raytheon Co face mandatory reviews that could lead to their cancellation after quantity reductions drove unit costs sharply higher in 2013, the Pentagon announced on Thursday.

  • Facing FTC action, U.S. ringmakers call off deal Thursday, 17 Apr 2014 | 6:53 PM ET

    WASHINGTON, April 17- Jostens, a leader in the school ring and academic memento market, on Thursday said it had dropped plans to acquire competitor American Achievement Corp- a deal the Federal Trade Commission had said it would fight.

  • The Wall Street Journal had earlier reported that Mt. Gox had given up plans to rebuild under bankruptcy protection and had asked a Tokyo court to allow it to be liquidated. Gox and revive it, has received backing from many creditors and hopes to convince the court to reconsider their rehabilitation proposal, the Wall Street Journal reported on Thursday.

  • WASHINGTON, April 17- A possible merger between Sprint Corp and T-Mobile US Inc could prompt U.S. regulators to rewrite rules they are now weighing for a 2015 auction of airwaves, according to sources familiar with the proposed regulations.

  • TORONTO, April 17- Lululemon Athletica Inc, best known for its trendy yoga wear, hopes to drive growth in coming years by expanding its range of fitness-related apparel and accelerating international plans, its newly appointed chief executive said on Thursday.

  • NEW YORK, April 17- Several major U.S. music companies sued Pandora Media Inc on Thursday, accusing the online streaming service of cheating them out of royalties by playing thousands of pre-1972 recordings without paying royalties.

  • SAN FRANCISCO, April 17- A federal judge in California on Thursday rejected a request by patent consortium Rockstar to transfer patent litigation against Google Inc to Texas, according to a court ruling.

  • Despite a surge in the number of partnerships over the last decade, the IRS did not conduct field audits for 99 percent of these tax-favored businesses from 2007 through 2012, said the preliminary report from the Government Accountability Office, the investigative arm of Congress.

  • UPDATE 1-Virtu IPO timing not set in stone -source Thursday, 17 Apr 2014 | 6:25 PM ET

    April 17- High-speed trading firm Virtu Financial Inc has not set a date to go to market with its initial public offering at this time, according to a person familiar with the matter. Shares of KCG Holdings, a firm that engages in electronic market making practices similar to Virtu, are down 16.7 percent since the beginning of April.

  • LOS ANGELES, April 17- Walt Disney Co's cable networks are expected to record high single-digit growth in operating income and domestic affiliate revenue from fiscal 2014 through 2016, Chief Financial Officer Jay Rasulo told investors on Thursday.

  • April 17- Michaels Stores Inc, the biggest U.S. arts and crafts retailer, on Thursday confirmed that there was a security breach at certain systems that process payment cards at its U.S. stores and that of its unit, Aaron Brothers.