UMG Halts US Listing Amid Market Woes

Universal Music Group, the world's biggest music label, just hit pause on its hotly anticipated US stock market listing due to all this market uncertainty dragging down its valuation. They're saying conditions aren't right now, but they'll update if things turn around - it's a step back from a deal with billionaire Bill Ackman's Pershing Square, who pushed hard for a New York debut to juice up share prices. Read more about this...