According to Reuters, Sirius (SIRI) will by XM (XMSR) for $4.6 billion in stock.
Reuters writes that EMI Music has been approached by Warner Music (WMG) about a possible merger or buy-out.
Reuters reports the profits at Barclays (BCS) surged and its said its bad debt was improving.
The Wall Street Journal writes that Viacom (VIA) has decided to license content to Joost, a internet distributor of commercial video. The move comes after Viacom had Google’s YouTube (GOOG) take down a number of the big media company’s videos.
The New York Times says a number of companies have asked to look at Chrysler’s (DCX) books now the the company is for sale.
The FT says that Ebay is fighting an effort by the IRS to get data on the big auction operations’ data so that it can go after some merchants for back taxes.
Barron’s reports that Timken (TKR) is in the midst of a turnaround that may well be successful. But, the stock may fall before it rebounds.
Douglas A. McIntyre
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