Aug 3- Sirius XM Radio Inc has agreed to pay up to $1.3 million to settle claims that it violated U.S. labor laws by not paying interns, making the satellite radio provider the latest large company to settle such a case. In cases against Fox Searchlight Pictures Inc and The Hearst Corp, the appeals court said unpaid internships were legal when they were closely tied...» Read More
XM Satellite Radio said it ended 2006 with more than 7.6 million subscribers, after adding over 442,000 new net customers during the fourth quarter.
Shares of America's largest satellite operators were taking a tumble today. This is fueling new rumors about an inevitable merger between Sirius Satellite and XM Satellite--as the industry faces an onslaught of competition from Wi-fi devices to digital music players. Sirius stocks were down 31 cents at one point to $3.87 a share. and XM stocks were down 27 cents to $14.36 a share.
In an exclusive live interview on cnbc.com’s home page, the branding guru tells CNBC's Liz Claman what firms must remember to keep customer loyalty in 2007.
Today is the last day in CNBC’s "Biggest Loser" series – for now. This is where we look at stocks on the S&P that did badly this year--but could be in line for a turnaround. CNBC's Erin Burnett had RBC Capital Markets analyst David Bank on to talk about XM Satellite Radio. The stock is down 44% since January – but it rebounded about 28% last month.