siri posts
FeedPosted Aug 8th 2009 3:40PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, CBS Corp 'B' (CBS), Whole Foods Market (WFMI), Clorox Co (CLX), Duke Energy (DUK), Activision Inc (ATVI), Tyson Foods'A' (TSN), Blackstone Group L.P (BX)
Continue reading Earnings highlights: Blackstone, CBS, Humana, Playboy, Sirius, Whole Foods ...
Posted Aug 6th 2009 4:20PM by Jon Ogg (RSS feed)
Filed under: After the bell, Cisco Systems (CSCO), Sirius Satellite Radio (SIRI), Bank of America (BAC), Costco Wholesale (COST)

Today, another
jobs report was released ahead of tomorrow's unemployment data. The Bank of England kept rates steady but adopted a weaker currency policy and larger program that caused some
more interest in gold.
Here are today's unofficial closing bell levels:
Dow 9,256.26 -24.71 (-0.27%)
S&P 500 997.08 -5.64 (-0.56%)
Nasdaq 1,9973.16 -19.81 (-1.00%)
Continue reading Closing Bell: Markets down after jobs, retail data; SIRI, NDAQ, CSCO, COST, BAC
Posted Jul 15th 2009 3:20PM by Steven Mallas (RSS feed)
Filed under: Sirius Satellite Radio (SIRI), Walt Disney (DIS), CBS Corp 'B' (CBS), Media World

Citizens of Boston, you heard some awful news this week. According to
reports, rock institution WBCN 104.1 FM will no longer be filling the airwaves with its iconic brand of irreverent broadcasting. Instead, it will live on as a web domain. In its place will be WBMX, a station that was formerly at 98.5 in the FM universe. An all-sports format will take up WBMX's old home. Who can you thank for this? Send all complaints to
CBS (NYSE:
CBS), the station's owner.
Actually, before you compose a bunch of angry missives, please consider the state of terrestrial radio. Quite frankly, CBS doesn't have a choice. Between the lousy growth prospects for the medium, and the challenged status quo of the advertising market given the terrible global recession that continues to rip through the markets like a hideous beast, changes have to be made. Changes that you thought would never come.
Continue reading CBS takes WBCN to web -- a wise move?
Posted Jul 2nd 2009 8:30AM by Zac Bissonnette (RSS feed)
Filed under: Management, Sirius Satellite Radio (SIRI)
Over the past five years, shares of what is now Sirius XM Satellite Radio (NASDAQ: SIRI) have declined from a high of $9 per share to their current price of less than 50 cents per share. Granted, most of that hasn't been CEO Mel Karmazin's fault, and he was able to stave off bankruptcy by engineering an 11th-hour loan from Liberty Media.
But still, is that really a track record that entitles the CEO to a raise? Mr. Karmazin's salary went from $1.25 million to $1.5 million, but that isn't even the worst part. The Wall Street Journal (subscription required) reports that "He also gets options to purchase 120 million shares, which he can exercise at 43 cents a share."
Continue reading Why is Mel Karmazin getting a raise?
Posted Jun 25th 2009 4:10PM by Jon Ogg (RSS feed)
Filed under: Yahoo! (YHOO), Sirius Satellite Radio (SIRI), Boeing Co (BA), Boston Scientific (BSX), NIKE, Inc'B' (NKE)

Today was not just a strange day in the market. It was nearly baffling. At least it was a strange day if you were looking for the pullbacks to continue. The market was looking lower as the double-dip jobless numbers got worse than expected again, despite final Q1 GDP revisions being less-bad. The quarter-end coming up and the Russell re-balance may have some impact here.
Most of the gains continued throughout the morning into the early afternoon as investors got more confident over Ben Bernanke's testimony strength. Here were the unofficial closing bell levels:
Dow 8,475.57 +175.71 (2.12%)
S&P 500 920.28 +19.34 (2.15%)
Nasdaq 1,829.43 +37.09 (2.07%)
Top 10 Analyst CallsContinue reading Closing Bell: Bernanke credibility helps run the bulls (BA, BSX, FSLR, NKE, SIRI, YHOO, INSM)
Posted May 22nd 2009 12:00PM by Beth Gaston Moon (RSS feed)
Filed under: Bad news, Sirius Satellite Radio (SIRI), Marketing and advertising, Recession
The radio business has been struggling lately, to say the least. Traditional, terrestrial radio hasn't found a way to successfully box out competition from Sirius XM Satellite Radio (NASDAQ: SIRI), internet streaming radio, iPods, and other sources.
Plus fewer people are in their cars driving to work lately, so the ratings numbers are down. Not to mention the monotonous nature of much of today's music (or maybe I'm just old . . . get off my lawn, you Jonas Brothers, you!)
It's no surprise, then, that the radio advertising business recently saw its worst quarter in history. The Radio Advertising Bureau said yesterday that combined national and local ad spending dropped 26% to $2.8 billion during the last quarter. Network radio dropped 13% to $238 million while off-air revenue receded 12% to $264 million.
Continue reading Recession killed the radio star
Posted May 9th 2009 12:40PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Cisco Systems (CSCO), Sirius Satellite Radio (SIRI), Hansen Natural (HANS), Walt Disney (DIS), American Express (AXP), News Corp'B' (NWS), Alcatel-LucentADS (ALU), Tyson Foods'A' (TSN), Symantec Corp (SYMC), Las Vegas Sands (LVS), Vonage Holdings (VG), Blackstone Group L.P (BX), Garmin Ltd (GRMN), Marvel Entertainment (MVL)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Disney, Cisco, News Corp., Marvel, Sirius, Blackstone and more
Posted Mar 6th 2009 4:00PM by Douglas McIntyre (RSS feed)
Filed under: After the bell, General Motors (GM), Sirius Satellite Radio (SIRI), Whole Foods Market (WFMI), Genentech Inc (DNA), Economic data, Wells Fargo (WFC), S and P 500, DJIA, NASDAQ
Today was one of those strange Friday sessions where you just never felt stable. Interestingly enough, the 8.1% unemployment rate ended up moving the market up briefly, but only briefly. Most of the day was spent in red numbers with a rally that brought the markets back to a flat close.
The focus is still on what is coming out of Washington D.C. and just how long and how deep this recession is going to be.
Here are today's unofficial closing bell levels:
Dow 6,626.94 +32.50 (+0.49%)
S&P 500 683.39 +0.84 (+0.12%)
Nasdaq 1,293.85 -5.74 (-0.44%)
Top Analyst Calls
Continue reading Closing Bell: Traders fear D.C. more than massive unemployment (GME, DNA, GM, SIRI, WFC, WFMI)
Posted Feb 17th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: General Motors (GM), Sirius Satellite Radio (SIRI), Exxon Mobil (XOM), Johnson and Johnson (JNJ), Deere and Co (DE)

What was the reason for today's sell-off? Well, the answer is the same as it has been too many days: A culmination of bad news, weak data, bankruptcies, worries about banks and institutions, and that this recession is going to go on much longer than what the market is hoping for.
You might see the same explanation tomorrow if there is another sell-off. And next week. It is the same one from January and the same one from most of last year. Here are today's unofficial closing bell levels:
Dow 7,554.28 -296.13 (-3.77%)
S&P 500 789.35 -37.49 (-4.53%)
Nasdaq 1,470.66 -63.70 (-4.15%)
10YR T-Note
Top Analyst Upgrades & DowngradesContinue reading Closing Bell: A strong selloff day as Dow, S&P, Nasdaq slip; DE, XOM, GM, JNJ, SIRI
Posted Feb 17th 2009 9:45AM by Beth Gaston Moon (RSS feed)
Filed under: Major movement, Deals, Sirius Satellite Radio (SIRI)

Stern fans, breathe easy! In breaking news this morning,
SIRIUS XM Radio (NASDAQ:
SIRI) and
Liberty Media Corp. (NASDAQ:
LMDIA) have reached a deal that will save the satellite radio company (for now) from the brink of bankruptcy.
Liberty will
invest $530 million in SIRI, kicking off with a first phase: a senior secured loan worth $280 million, $250 million of which will be paid out today.
In response, Liberty will assume two spots on the SIRIUS XM board and receive 12.5 million shares of preferred stock, convertible into 40% of common SIRI shares.
SIRI CEO Mel Karmazin, told reporters, "Liberty's investment is an important validation of what SIRIUS XM has already achieved and a vote of confidence in what we will achieve..."
In pre-market trading, SIRI shares have jumped more than 80% to 19 cents per share.
Beth Gaston Moon works for WeSeed.com. The above comments are not intended as trading or investment advice.Posted Feb 17th 2009 8:20AM by Melly Alazraki (RSS feed)
Filed under: Earnings reports, Microsoft (MSFT), Amazon.com (AMZN), General Motors (GM), Sirius Satellite Radio (SIRI), Trump Entertainment Resorts (TRMP), Verizon Communications (VZ), Teva Pharm Indus ADR (TEVA)
U.S. stock markets were set to plunge at the open Tuesday morning as three issues weighed on investors' minds: The economic stimulus plan, the auto industry as well as hard-hit Eastern Europe:
Before the bell: Stocks set to plunge on stimulus package, auto sector worriesGeneral Motors Corp. (NYSE:
GM) and Chrysler LLC are expected to
submit recovery plans to the government today to show how they can repay billions in loans and become viable. Of course, abysmal auto sales haven't been helping any company in the industry. Ex-Lazard banker Ron Bloom is expected to be named a key government adviser, according to
The Wall Street Journal, and he is expected to be tough, demanding sacrifices by all involved, from auto workers and industry executives to shareholders and creditors. The AP reports that
GM was making progress in concession talks with debtholders and the UAW. Also, GM Europe is considering
shutting or selling as many as four European plants. GM shares are down 5.6% in premarket trading.
GM shares declined over 12% an hour after the open.Continue reading Stocks in the news: GM, WMT, TRMP, VZ, SIRI, MSFT, TEVA, AMZN
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