For general and main news here is the first morning post.
Sirius Satellite Radio, Inc. (NASDAQ:SIRI) reported third-quarter financial results this morning. The company's loss narrowed as revenue more than doubled because of a surge in subscribers. Sirius reported a loss of $162.9 million, or 12 cents per share on revenue of $167.1 million, while analysts were looking for a loss of 14 cents per share. SIRI shares are up nearly 2.5% in pre-market trading. The company left its outlook unchanged.
TheStreet.com examines the different alliances and industry players when it comes to downloaded content. The possible talks between Verizon (NYSE:VZ) and Google, Inc.'s NASDAQ:GOOG) YouTube, Microsoft Corp. (NASDAQ:MSFT) offering TV shows and movies through its Xbox and Apple Computer, Inc. (NASDAQ:AAPL) iTV platform. Microsoft, the article concludes, might yet be the winner despite competition from TiVO (NASDAQ:TIVO) and possibly from Sony Corp. (NYSE:SNE) as well.
Later yesterday we also heard of a deal between no. 2 chip maker, Advanced Micro Devices (NYSE:AMD), and no. 2 worldwide (no. 1 in the U.S.) computer maker, Dell, Inc. (NASDAQ:DELL) to supply the latter with chips -- Athlon 64 X2 dual-core microprocessors to be exact --for its line of desktop PCs sold to medium to large business customers.
After rumors have been going around for months of what eBay, Inc.'s (NASDAQ:EBAY) strategy in China is, today we learned that eBay Eachnet (eBay China) and Chinese Internet search company Baidu Inc. (NASDAQ:BIDU) would collaborate. While Baidu will promote PayPal's China service, Beibao, EachNet will use Baidu exclusively for its search advertising. The companies will also develop a co-branded toolbar.
Reports today say that Germany's DaimlerChrysler AG (NYSE:DCX) plans to invest about 2.5 billion rupees ($55 million) to build a second auto plant in India. The move comes three months after General Motors Corp. (NYSE:GM) announced a similar intention.
Someone else is investing in India, this time it's Coca-Cola Co. (NYSE:KO) which plans to invest $250 million in its Indian bottling arm, according to the Economic Times paper.
Still in India, Microsoft Corp.'s (NASDAQ:MSFT) CEO met with Indian Prime Minister, as Microsoft struck an alliance to provide Internet search to customers of one of the country's leading cell-phone carriers.
Google, Inc. (NASDAQ:GOOG) has decided to try the radio. It is hiring radio sales people and is spending heavily in a bid to expand its position in the $20 billion radio industry.
McDonald's Corp. (NYSE:MCD) U.S. comparable sales rose 5.6% in October due to its breakfast business, Snack Wrap products and the Monopoly game promotion.
Time Warner Inc. (NYSE:TWX) is now pulling out of China, ending a joint venture cinema in China it had opened four years ago, citing Beijing tightening restrictions on foreign investors.
Finally, Big Oil won the elections in California after Californians rejected a proposition that would have taxed oil companies and used the money to fund renewable energy.











Reader Comments (Page 1 of 1)
11-15-2006 @ 7:28AM
Marcos Bonaire said...
>>>Far Coffee Cost