3 Tech Stock Stories Causing a Buzz on Friday

Pandora Media Inc. (NYSE:P): Closing price $19.92

Sources told Billboard that as the Internet streaming service Pandora works to shrink its music publishing rates, it has reached a short-term arrangement with Universal Music Publishing Group that would mark the highest rate it has ever paid to the music publishing sector. A spokesperson from Universal said, “We can confirm that UMPG has worked out an arrangement with Pandora that we believe is in the best interest of our writers while ensuring Pandora access to our music through the end of the year.”

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Apple Inc. (NASDAQ:AAPL): Closing price $417.42

Apple is exploring new mapping features that would join real-time, crowd-sourced traffic and navigation data via ratings and user reporting, according to a new patent application published Friday by the U.S. Patent and Trademark Office. The features seem to be like those included in the community-based mapping application Waze, which was bought by Google in June. The patent application, titled User-Specified Route Rating and Alerts, outlines a system for users to “provide ratings for routes, streets and/or locations.”

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Nokia Corp. (NYSE:NOK): Closing price $4.07

Nokia Chief Marketing Officer Tuula Rytila says the corporation is committed to embracing an underdog position with a new worldwide brand strategy, bolder creativity and an expanded relationship with JWT, its creative agency. Rytila told Ad Age: “For years we were the leader in our industry. When a leader is [at the top] for a long time, naturally they have more to lose and become more defensive. Now we actually get to act like a challenger. It’s quite natural, and we’re having a lot of fun with it. We want to be more bold in our approach, and [we want] a global brand as well.”

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