![]()
- HP's 3Com takeover marks a shot at Cisco
- Applied Materials to cut 1,300 to 1,500 jobs
- Drug industry presses FDA to allow more online ads
- Watch concerts free online at BillboardLive.com
- Yahoo CEO pledges to boost profit margins
- Electronic Arts acquires Playfish for $275 million
- Wal-Mart, Amazon, Target in DVD price war
- DirecTV shows subscriber gains, as rivals see loss
MOST SHARED
- Hewlett-Packard to Acquire 3Com for $2.7 Billion in Cash
- How the Droid and Google Threaten the GPS Makers
- Dollar Trouble, Oil's Bubble Could Derail Recovery
- CNN Anchor Lou Dobbs Says He is Leaving Network
- Obama Most Powerful Person in World: Forbes
- Shopping for Answers
- Rising Jobless Biggest Threat to World Trade: WTO
- HPQ to Acquire 3Com
- Wal-Mart Profit Tops View, Raises Guidance
- US Will Borrow Less as Banks Pay Back Funds: Geithner
- US Mortgage Refinancing Up; Buying Demand Sinks
- Unemployment to Rise for 10-11 More Months: IMF Chief
- Rising Jobless Biggest Threat to World Trade: WTO
- Gold Hits $1,122, Barrick Chief Says Selloff Possible
- Wall Street Pay Is Often too High: Bill Gates
- Morgan Stanley Gets Aggressive in Luring Brokers
- Foreclosures Fall Again But Improvement Likely Fleeting
- Highest State Foreclosure Rates
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.
![]() |
AP |
The buyout received shareholder approval in November. The companies said the merger will save hundreds of millions of dollars in operating costs — savings that will ultimately benefit their customers.
The Justice Department, in a lengthy news release explaining its decision, said the two companies compete not just with each other but also with other forms of radio and entertainment.
"The likely evolution of technology in the future, including the expected introduction in the next several years of mobile broadband Internet devices, made it even more unlikely that the transaction would harm consumers in the longer term," the Justice Department said. "Accordingly, the division has closed its investigation of the proposed merger."
XM Satellite shares [XMSR
Loading...
()
] leaped more than 13 percent after the government's announcement, while Sirius shares [SIRI
Loading...
()
] rose almost 6 percent.
- Billboard allows music lovers to watch concerts for free online, choosing from five different camera angles as they watch.
- US real estate prices have fallen dramatically, but some places are still doing well. See the best-performing zip codes this year.
- An Italian cashmere maker aims to make profits while creating ideal conditions for his workers.
- Just in time for the holidays, the Triumph company of Japan offers the latest innovation in women’s undergarments.
- Vote and suggest your own, and remember--there's a fine line between a hero and a zero.
- The New York Times explains what the Senate will have to do to truly improve cost and quality in U.S. health care.













