Business

Business briefs

Ahoy!

A Senate committee has launched a probe into JPMorgan Chase’s “London Whale” trading losses, according to a source familiar with the investigation.

Apple ear

Apple is in talks to license music for a custom-radio service similar to Pandora, in what would be a bid to expand its dominance in online music, WSJ.com reported.

Tweet this

Twitter will bring in more US mobile ad revenues this year than its larger cousin, Facebook, eMarketer projects. Twitter will earn $129.7 million in mobile advertising revenues this year in the US vs. $72.7 million for Facebook.

Darden heat

Darden Restaurants violated federal labor laws by underpaying thousands of servers at Olive Garden, LongHorn Steakhouse, Red Lobster and other eateries, according to a lawsuit filed yesterday on behalf of the workers.

Icy farewell

Marilyn Ducksworth, Penguin Group’s former head of corporate communications who resigned Aug. 31, has filed an age-discrimination suit against the publisher.