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by Winston Cook-Wilson, SPIN

In one of the more protracted, bizarre rock star lawsuits in recent memory, U2's Bono and Larry Mullen have been ordered to fork over $1.5 million to a Brazilian promoter they defamed in an interview sixteen years ago, as fan site @U2 reported last night.

In 1998, U2 toured Brazil for their state-of-the-art, morbidly expensive PopMart tour. They later publicly claimed that promoter Franco Bruni had not paid them for the gigs they did in the country. This was not true, and just a couple of days after the interview, U2's former managing director went on record as saying the lapsed payment was for copyright fees for live performance, not for the actual performing costs.

A FIRM owned by the members of U2 last year recorded profits of over €3.7m as it reaped the dividends of the band's blockbusting world tour and new music.

Independent.ie

New accounts filed by U2 Ltd show that the firm recorded the profits after sustaining a loss of €1m in 2014 - a positive swing of €4.7m.

The buoyancy of the firm's business is underlined, with its cash pile more than doubling during the year - going from €2.86m to €6.89m.

Last year, U2 grossed $152.2m in box office receipts as more than 1.28 million fans across the globe paid to see the band perform. Box office receipts are split between artist, promoter and venue owner.

The average gross from each U2 gig was $6.92m - easily the most lucrative average gross out of any of the performers touring last year. The band played 76 dates in 22 cities.

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Bono: I Will Follow

Irish rock icon Bono leads a widely acclaimed, data-driven, global organization that influences governments, rallies C-suites, and raises hundreds of millions of dollars for people living in poverty. What's his secret? An ability to convince others that they are the true leaders of change, not him. Here's what business can learn from a music legend.

http://fortune.com/bono-u2-one/

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Fender board director gets own signature

By MusicRadar/Total Guitar/Guitarist

NAMM 2016: In a move that's taken pretty much no-one by complete surprise, two years after The Edge joined the Fender board of directors the U2 guitarist finally has his widely-rumoured signature guitar, alongside a suitably desirable signature amp.

The Edge Strat will apparently replace the guitarists' usual collection of vintage instruments on tour, so it's safe to assume that the design was a genuinely considered, close collaboration between endorsee and luthier.

Features include two special Custom Shop Fat 50s single-coil pickups in the neck and middle position, cranking out versatile tone with enhanced bass response, a DiMarzio® FS-1™ pickup at the bridge and a quartersawn maple neck for an Edge-ish bright tone.

The Edge Deluxe amp, released alongside the Strat, is essentially an update of the '57 tweed Deluxe he currently uses - a 12-watt hand-wired amp configured for a tighter low end response.

The Fender Strat will retail for approx $1800/£1260, while the Deluxe will set you back $2399/£1740.

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by Nita Lelyveld, LA Times

For years, U2 guitarist the Edge has sought to build five homes atop an undeveloped ridge in an unincorporated area of Malibu.

For nearly a decade, environmental groups and many residents have objected, saying to do so would needlessly despoil sensitive habitat and mar the visual landscape.

On Thursday, after numerous hearings of the California Coastal Commission, the Irish musician finally prevailed.

At a meeting in Monterey, the panel voted unanimously to approve David Evans' project -- although much has changed since the initial proposal in 2011.

Five houses will be built on the property in the Sweet Mesa area, each one more than 10,000 square feet and featuring its own swimming pool.

But where they once were to stand proudly spread out along the upper ridge line, the homes instead will be clustered closer together on a lower plateau.

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By Kerry Flynn, International Business Times

The world is not wired -- at least, not yet. Governments and businesses must take more responsibility and better address Internet access in areas of poverty, Facebook CEO Mark Zuckerberg and U2 singer Bono urged Saturday as the businessman and the entertainer announced their "Connectivity Declaration."

The campaign, a part of Bono's antipoverty ONE Foundation, emphasizes that Internet access is necessary for alleviating poverty and spurring development worldwide. The mission, laid out in a New York Times editorial, urges governments to follow initiatives that prioritize energy investments and Internet access, as well as calls for the tech industry to do more to act on global issues like education, health care and the refugee crisis.

"Where governments lay the foundation, the private sector can build," Zuckerberg and Bono wrote in the editorial. "Silicon Valley should look beyond itself ... We challenge the tech industry to do far more for those most marginalized, those trapped in poverty and those beyond or on the edge of the network."

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by Jon Swartz, USA TODAY

SAN FRANCISCO -- U2's tech-rich tour keeps getting richer and richer.

The legendary rock band, which christened its U.S. tour in San Jose, Calif., last month with a high-tech spectacle of immersive video and sound, has partnered with Meerkat to live stream in each show.

The streams are distributed on Twitter and Facebook, as well as displayed at the venue.

The arrangement started during shows in Phoenix and Los Angeles, and has continued.

The live-streaming experience, filmed by a fan onstage with the band, is projected on a gigantic oblong screen at the show and is available to anyone who uses the Meerkat app.

By Gordon Deegan, Irish Examiner

Accumulated losses at U2's main Irish firm increased by over €2m last year to nearly €10.5m.

New figures for the band's Not Us Ltd show that the firm plunged further into the red, with accumulated losses going from €8.35m to €10.49m in the 12 months to the end of December last.

The firm is being supported by Bono, The Edge, Larry Mullen Jr, and Adam Clayton, who provided a directors' loan of €2.25m last year. A note attached to the accounts states that the directors' loan attracts an annual interest rate of 3% per annum.

The figures, recently lodged with the Companies Office, show that the cash pile at the band's firm last year dropped from €545,706 to €160,196.

A former personal assistant to U2 star Adam Clayton has lost an appeal against her conviction for stealing more than 2.8m euros (£2.2m) from the guitarist.

BBC News

In 2012, Carol Hawkins was found guilty of 181 counts of theft from his bank accounts. The judge said she had used the money to fund a "lavish lifestyle"

The expensive items she bought included 22 racehorses and a New York apartment.

The Irish Court of Criminal Appeal has upheld the conviction. It has still to rule on the severity of her jail term.

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