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It's nice when good things happen to good companies. After a more than decade of struggling to turn its streaming music service into a viable business (for a good primer check out Stephanie Clifford's 2007 story ), Pandora is profitable and poised for a blockbuster IPO. Today, it announced that it is raising the price of the offering by roughly 50 percent : Online radio station Pandora increased the share price for its initial public offering today, bringing the company’s valuation to nearly $2 billion, according to a recent filing with the Securities and Exchange Commission.

The Apple rumor mill grinds ever on, and has turned up new hints about the future of MobileMe , location apps, and that Apple TV story (again).