Did You Know? Congress insider trading Posted by Adam On February - 11 - 2010 Featured News  Share Did You Know? Little-known facts in the congressional insider trading debate US Senators’ average annual stock performance beat the market average by approximately 12.3%, while stock purchases made by corporate insiders on average outperform the market by 7.4% and stock portfolios of the average US household underperform the market by 1.5%. Insider trading was not federally regulated until 1934 when President Fra [Read More...]

Is this the end of XM/Sirius? I've been seeing these slacker devices popping up everywhere and coudn't quite understand the need for them until today. I just got a new blackberry storm from Verizon Wireless and noticed while searhing for apps online, that Slacker released a blackberry storm version of their application. I also noticed it was 100% free, so I installed it and to my amazement, the software/service rocks! I am so impressed that it's got me contemplating cancelling my xm service all together.   Let's be realistic... since  [Read More...]

Advocates for the XM/Sirius merger are signing an online petition urging that US Congress and the FCC endorse the XM Radio/Sirius merger deal. This adds another dimension to the XM/Sirius battle: now Congress must deal with consumer interests as well as economic interests. As the undersigned number grows, hopefully Congress and the FCC will allow the deal to pass in order to benefit the most important people of all: the subscribers. Fear of XM-Sirius Monopoly The FCC’s greatest fear is a satellite radio monopoly, which would hypothe [Read More...]

Break out the party hats, even if that means dusting off the cobwebs. A resolution in the painstakingly long merger approval process between XM Satellite Radio (Nasdaq: XMSR) and Sirius Satellite Radio (Nasdaq: SIRI) may finally be on the way. Speaking on CNBC yesterday, FCC Chairman Kevin Martin said of the satellite-radio hookup that his regulatory agency "will hopefully be able to do something on it soon.” Soon? Really? I'll believe it when I see it. The cynic in me is skeptical, especially when it comes to the relative usage of [Read More...]

It’s been months in the making, and today the Justice Department approved the merger of satellite radio networks XM and Sirius. Shareholders in both companies signed off on the merger in November, but it took the Justice Department until now to decide whether or not the new joint venture would be anti-competitive. So why isn’t it anti-competitive? The government says the growth of mobile broadband devices would allow for more consumer choice. Gee, great, say Sirius and XM shareholders. We get what we want, though, because there will be  [Read More...]