Google's much-rumored paid subscription music-streaming service is expected to debut Wednesday at its I/O Developers Conference in San Francisco. Positioned to compete directly with services like Spotify, according to "people familiar with the matter" who spoke to the Wall Street Journal, Google has signed deals with Universal, Sony and Warner Music in order to access their vast back catalogs of music, although it is unclear how much Google will charge for the service.

Google's much-rumored paid subscription music-streaming service is expected to debut Wednesday at its I/O Developers Conference in San Francisco. Positioned to compete directly with services like Spotify, according to "people familiar with the matter" who spoke to the Wall Street Journal, Google has signed deals with Universal, Sony and Warner Music in order to access their vast back catalogs of music, although it is unclear how much Google will charge for the service.

Japan's Olympus said Wednesday it swung to an annual net profit as it turns the page on a huge accounting scandal, adding that it expects profits to more than triple in the current fiscal year. The camera and medical equipment maker said net profit for the year to March was 8.02 billion yen ($78 million), reversing a year-earlier loss of 48.99 billion yen. Sales were worth 743.85 billion yen, down 12.3 percent. The firm's return to profitability came as it rebuilds from a scandal for which several former executives are facing criminal charges.

TOKYO (Reuters) - Sharp Corp, which makes display screens for Apple Inc, said it expects sales of liquid crystal display panels to rise 14.5 percent to 970 billion yen ($9.53 billion) in the year to March 31. Japan's LCD pioneer, which on Tuesday released its latest business results, forecast revenue from televisions to rise 3 percent to 400 billion yen in the current business year. ($1 = 101.7450 Japanese yen) (Reporting by Tim Kelly; Editing by Edmund Klamann)