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COLUMN-A self-driven road to capital destruction: James Saft

May 28- What happens to an industry which develops a new offering so fantastic that ownership of its product is cut in half? That will lead to a more than doubling in annual mileage per car over the next 25 years but bring vehicles per household down by nearly 50 percent, argues Barclays auto analyst Brian Johnson. To' survive,' General Motors would need to cut North...
Source: Reuters | By: James Saft
UPDATE 1-Sirius XM to face class action in Turtles copyright suit

NEW YORK, May 27- A U.S. judge in California allowed a class action lawsuit to proceed on Wednesday against satellite-radio company Sirius XM Holdings Inc over the payment of royalties for songs produced before 1972, in a case that is being closely watched for its implications for digital media. Gutierrez ruled last September that, under California state law,...
Source: Reuters | By: Andrew Chung
Spotify preparing to compete beyond just music: CEO

Spotify founder and CEO Daniel Ek explains why his company must compete with Instagram, not just Pandora and Apple's Beats Music.
Source: CNBC.com | By: Tom DiChristopher
Spotify CEO: Constantly experimenting, staying ahead  

Spotify founder and CEO Daniel Ek, discusses the music streaming service's move into video, and what the customers want.
Source: CNBC.com
Pacific Gas & Electric Co. president announces retirement

SAN FRANCISCO- Pacific Gas& Electric will be looking for a new director as the man who led the company through a deadly 2010 pipeline explosion in the San Francisco Bay Area is retiring. PG&E Chairman and CEO Tony Earley said the board of directors is likely to discuss a replacement plan before Johns' last day, December 31. In 2010, a natural gas pipeline explosion...
Source: The Associated Press
Trader sees technical selloff  

Terry Dolan, Benjamin & Jerold Brokerage CEO, thinks Tuesday's trading action was technical. Evan Newmark, private investor; Guy Adami, "Fast Money" trader; and CNBC's Steve Liesman, discuss.
Source: CNBC.com
The top iPhone and iPad apps on App Store

6. Living Earth- Clock& Weather, Radiantlabs, LLC. 1. Facebook Messenger, Facebook, Inc.. 6. Pandora Radio, Pandora Media, Inc..
Source: The Associated Press | By: By The Associated Press
Why traders are focused on the bond market this week

Stocks should continue to dance around all-time highs, as traders watch for catalysts in economic data and bond yields.
Source: CNBC.com | By: Patti Domm
Santelli: Understanding today's wild action  

CNBC's Rick Santelli discusses bond prices and yields.
Source: CNBC.com
UPDATE 2-India plans new oil subsidy rules to push ONGC stake sale

*No discount if oil prices average $60/ bbl in June qtr. NEW DELHI, May 22- India plans to reform rules governing the level of discounts upstream state oil firms including ONGC offer to retailers, a senior finance ministry official said on Friday, a move that could expedite the sale of a stake in the company. Currently ONGC, Oil India and GAIL sell crude and fuels like...
Source: Reuters | By: Nidhi Verma and Manoj Kumar