XM Satellite Radio Holdings Inc. on Friday said it has reached an agreement to restructure about $600 million of debt, putting itself a step closer to completing its purchase by rival Sirius Satellite Radio Inc.

XM Satellite Radio Holdings Inc. on Friday said it has reached an agreement to restructure about $600 million of debt, putting itself a step closer to completing its purchase by rival Sirius Satellite Radio Inc.

The potential deciding vote in the government's review of the merger between satellite radio companies said he will vote in favor of the deal if the companies agree to tougher conditions.

The potential deciding vote in the U.S. government's review of the $3.1 billion merger between satellite radio companies told The Associated Press he will vote in favor of the deal if the companies agree to tougher conditions.

A key U.S. legislator is awaiting a response from regulators on his recommendation to impose more conditions on the acquisition of XM Satellite Radio Holdings Inc. by rival Sirius Satellite Radio Inc.

Bob Papa, the radio play-by-play voice of the New York Giants for the past 13 seasons, will replace Bryant Gumbel as the announcer for the NFL Network's eight Thursday night games.

XM Satellite Radio Holdings Inc. said Friday it has agreed to an interest rate increase for its senior notes due 2009 upon the company's acquisition by rival Sirius Satellite Radio Inc.

Sirius Satellite Radio Inc.'s acquisition of rival XM Satellite Radio Holdings Inc. may be cleared by federal regulators this month, and it can't happen fast enough for XM.

As the world watched Tiger Woods and Rocco Mediate take it down to the wire at the US Open, the Dow was struggling with its own rivalry: Banks were trying to lead a rally, while a handful of stocks were dragging on the blue-chip index. Oil ended down at $134.34 abarrel.

The head of the U.S. Federal Communications Commission said Monday he will propose that the agency conditionally approves Sirius Satellite Radio's purchase of rival XM Satellite Radio Holdings.

The proposed merger of the nation’s two satellite radio broadcasters has cleared a major hurdle with the FCC chief recommending approval of the $5 billion deal.

The Justice Department approved Sirius Satellite Radio's $5 billion buyout of rival XM Satellite Radio on Monday, saying the deal was unlikely to hurt competition or consumers.