Financial Times

Amazon to take aim at Apple with $9.99 a month music service, due in September

Amazon already has a music store, but its catalog of songs is limited and streaming is only available to those subscribed to the company's $99 per year Prime service. As Re/code said, the online retail giant has also considered a bargain-priced music service that would only work on Echo hardware and be priced at $4 to $5 per month.

Monday, The Financial Times newspaper reported that Amazon has a third offering in the works, a $9.99 per month music-streaming service that would offer the full catalogue of songs that Spotify and Apple offer.

Tim Cook is Financial Times’ Person of the Year, TIME’s award goes to ‘Ebola Fighters’

The Financial Times newspaper on Thursday announced it's picked Apple's boss Tim Cook its Person of the Year. Although Apple's chief executive faced criticism since taking the helm of Apple following Steve Jobs' passing, he did manage to turn things round in 2014, the paper said.

Cook's maniacal focus on Apple's financial performance has managed to please investors, while new products such as the bigger iPhones and the Apple Watch took naysayers by surprise.

That he publicly came out as gay to become the first openly gay Fortune 500 CEO and took the time to made some smart hiring decisions didn't hurt either, notes the article.