Cheddar Morning Business Update 01/03: Markets, Spotify and Weight Watchers

Posted: Updated:
NEW YORK -

The year started strong for the markets. The Nasdaq closed above 7,000 for the first time ever. And the Dow raced toward 25,000. It was also an exciting day for Cheddar - which rang the closing bell at the New York Stock Exchange to mark the company's two-year anniversary.

Spotify got hit with a major lawsuit for for playing music by Tom Petty, The Doors and Neil Young without permission. Wixen Music Publishing sued the company, saying it was an exclusive licensee of songs such as "Free Fallin" by Tom Petty and "Light My Fire" by The Doors. Reuters reports Wixen is seeking damages worth at least $1.6 billion. Spotify declined to comment.

DJ Khaled has signed on as Weight Watchers latest spokesperson. Khaled will chart his weight loss progress as he completes the "WW Freestyle" program. Shares of Weight Watchers rose 8 percent Tuesday after the company announced that music producer DJ Khaled will be its "social media ambassador" in 2018.

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
create an account
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."
back to site