Mel Karmazin of Sirius Satellite Radio Inc. (NASDAQ: SIRI) came on CNBC this morning defending the combined Sirius-XM in an exclusive with David Faber. This has shares somewhat higher by almost 4%, but Faber’s…
It has to gall corporate leviathans Microsoft (MSFT) and Sony (SNE) that Nintendo trumps them in the video game console business. The modest Japanese company did it again in the last quarter. The Japanese…
According to Reuters, oil is nearing a 20% drop from its peak, moving into bear market range. Reuters writes that HP (HPQ), Yahoo! (YHOO), and Intel (INTC) are looking at ways to make the…
Electronic Arts Inc. (NASDAQ: ERTS) has reported its video game numbers for investors today. The company’s net was -$0.30 in GAAP EPS on $804 million in revenues (misleading numbers). Before a $231 million deferred…
SIRIUS Satellite Radio, Inc. (NASDAQ: SIRI) has finally completed its merger with XM Satellite Radio (XMSR). In fact, SIRIUS is the only surviving stock now as XM doesn’t trade any longer after last night. …
According to Reuters, Merrill Lynch (MER) said that it would sell $8.5 billion in stock and take large write-downs. Reuters report that KKR says the market slump is a good time to go public.
Jim Cramer came out tonight on CNBC’s MAD MONEY discussing his trade idea for the satellite radio merger approval. This is to focus on the current situation and pitfalls for shares of Sirius Satellite…
According to Reuters, KKR will go public on the NYSE at a valuation of $15 billion. Reuters writes that the production problems with the Airbus 380 are not over. The Wall Street Journal writes…
The FCC, after one-and-half years of deliberation, finally approved the merger between XM Satellite (XMSR) and Siruis (SIRI). It does not matter much. The business is dying.
According to Reuters, Microsoft (MSFT) backed its internet spending plan and said it was done with negotiations with Yahoo! (YHOO). Reuters reports that the CFO of Wachovia (WB) is leaving.
It has been known that mandatory debt refinancing was coming down the pipe for both XM Satellite Radio Inc. (NASDAQ: XMSR) and for Sirius Satellite Radio inc. (NASDAQ: SIRI). We have now seen the…
XM Satellite Radio Holdings Inc. (Nasdaq: XMSR) and SIRIUS Satellite Radio (Nasdaq: SIRI) have come out with a release confirming that the companies are in discussions with the Enforcement Bureau of the FCC to…
According to Reuters, Amazon (AMZN) earnings beat Wall St. forecasts. Reuters reports that Ford (F) wil keep its small pick-up plant open for two years.
According to Reutere, Yahoo! (YHOO) profits were down, but the company maintained its full-year forecast. Reuters reports that Wachovia (WB) posted huge write-offs and losses for the last quarter. Reuters writes that some members…
Sirius Satellite Radio (NASDAQ: SIRI) and XM Satellite Radio (NASDAQ: XMSR) just saw shares tank intra-day. The Wall Street Journal has reported that an FCC member has voted against the merger making the vote…