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[naviga:h3]Toshiba will pay $3.68B for reactors[/naviga:h3]

TOKYO — Money-losing Japanese nuclear and electronics company Toshiba will be paying $3.68 billion toward the construction of two reactors in Georgia by its U.S. unit Westinghouse, which has filed for bankruptcy protection.

Tokyo-based Toshiba said the payment, under agreement with the operator of the Vogtle plant, will be made from October through January 2021.

Toshiba said the expense has been figured in its earnings. Toshiba reported a $8.6 billion loss for the fiscal year ended March.

[naviga:h3]Pandora taking on streaming services[/naviga:h3]

NEW YORK — Pandora is raising cash to help it take on Spotify and other streaming music services.

The online music service is selling a 19 percent stake in its business to satellite radio company Sirius XM for $480 million. Pandora will pay a $22.5 million breakup fee to private equity firm KKR for breaking up a previously agreed $150 million deal.

Pandora, based in Oakland, Calif., will raise another $200 million selling its Ticketfly ticket service to Eventbrite — a service Pandora bought for $450 million in 2015.

Pandora works as an Internet radio, and most users listen for free.

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