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Satellite radio customers will get the option to pay a lower price for just the channels they want if the industry's two big providers are allowed to merge, Sirius Satellite Radio said in a securities filing of its bid to buy XM Satellite Radio Holdings
If you’re a deep fried fan, you’ve likely tried a deep fried twinkie or a deep fried Snickers bar, but I got one up on you. This morning, at 8:50 a.m., I tried the newest concession item -- a deep fried White Castle cheeseburger. It’s the latest from the geniuses at the Independent League’s Gateway Grizzlies..
The booyah-free zone returns, and three callers get a quick dose of Cramer.
Here's update info as reported by CNBC's Bill Griffeth and Dylan Ratigan on "Power Lunch." Actor James Cromwell is the celebrity playing for PL. And the production staff is a bit happier--well sort of. James is in 5th place and also continues to dig himself out of sub-million territory.
Here's some analysis of the 293 transactions that have been executed in the top 25 portfolios on the leaderboard after the close on Wednesday--3/14. As you can see, it shows that the largest percentage of transactions (buys/sells) is happening within retail followed by financial services and then technology.
The price of satellite radio offered by a merged Sirius Satellite Radio and XM Satellite Radio would be less than subscribing separately to both services, Sirius' chief executive Mel Karmazin said on Wednesday.
This afternoon-- Sirius Satellite Radio CEO Mel Karmazin will be on Capitol Hill pushing for a merger with rival XM. Should the government approve the proposed merger between Sirius and XM or would it kill any competition? Skeptics say it is unlikely to benefit consumers or investors but the biggest obstacle will be antitrust regulations.
XM, which has never reported a profit, said it lost $263.1 million, or 90 cents a share, after paying preferred dividends in the final three months of 2006, versus a loss of $270.4 million, or $1.22 per share, a year ago.
A $45 billion megawatt merger could light up at least a few stocks this week. The guarded stock market will otherwise focus on rising oil prices, housing numbers, a batch of economic data, Fed speakers, and the drama surrounding Iran. The oracle of Omaha will issue his latest words of wisdom after the bell Thursday and a few big earnings will make news. Of course, everyone will be watching the Oscars.
As far as Cramer is concerned, the Sirius-XM Satellite Radio proposed deal is just the first of many coming over the next two years as corporations race to beat a potential Democratic White House in 2008. But which companies are in the best poised to profit?
The NFL Scouting Combine starts tomorrow in Indianapolis, so we thought it would be appropriate to talk to Michael Callans, president of Wonderlic Consulting. As many of you know, the Wonderlic test is the subject of much debate. Do teams really learn anything by giving their players aptitude tests?
Satellite radio rivals XM and Sirius hope their bold merger plan doesn't fall on deaf ears in Washington, but there may be plenty of static from federal regulators.
Inflation data and the Fed's meeting minutes could be two big drivers for the markets today. So far, stocks look weak-to-flat ahead of the opening after yesterday's late-day rise to yet another record level. Hewlett-Packard is trading lower in Europe after reporting earnings after the bell yesterday. Wall Street is apparently unhappy with its outlook, after its report of a 26% rise in profits on strong printer and PC sales.
Stocks closed higher as comments from a Fed governor added to positive sentiment, building on gains from merger activity and Wal-Mart's better than expected profits. A drop in oil prices sent buyers into consumer stocks and other sectors that benefit from falling energy prices.
The two main U.S. satellite radio providers, Sirius Satellite Radio and XM Satellite Radio, rivals in the fledgling satellite radio industry, have agreed to combine in a deal that investors hope will result in lower costs, assuming it overcomes significant regulatory hurdles.
Gary Parsons, chief executive of XM Satellite Radio, is optimistic about approval for the proposed merger between his company and Sirius Satellite Radio -- but it's going to be a long process. "Clearly, you would never enter into this unless you had a reasonable degree of confidence that you would in fact get the approvals," Parsons told CNBC's David Faber.
Who doesn’t love a long weekend? I can’t think of too many, and that goes double for those of us who slave away on the morning shift. ...And yet, there’s a sense of dread as well. Those charged with planning a morning show like “Squawk Box,” for instance, are essentially flying blind. Basically, there you are on Friday afternoon trying to figure out what will be relevant on Tuesday morning. Luckily, the news gods (or the late presidents whose holiday gave us Monday off) were smiling upon us.
Will Sirius' Howard Stern find true love with XM's Opie & Anthony? Blair Levin, managing director at Stifel Nicolaus (and former chief of staff at the FCC) told CNBC's Liz Claman he is "cautiously optimistic" that the satellite radio merger will be approved -- thanks to new technology.
Stocks are waffling on the opening and look set to open flat to lower. Traders are picking through headlines on mergers and earnings news, including weaker-than-expected results from Home Depot. Wal-Mart also reported profits this morning, and merger news is making headlines as Wall Street reviews the long awaited marriage of Sirius and XM Satellite radio, announced yesterday.
Talk of a merger between XM Satellite Radio and Sirius Satellite Radio has been churning for months now. 2006 was far from a stellar year for either satellite network, although both stocks are up 20% YTD – mostly on continued rumors of a merger. But is a merger between the two rivals in the cards? David Bank of RBC Capital Markets joined the “Squawk on the Street” team at the NYSE to talk about it.