XM and Sirius announce merger deal

Saturday, February 24, 2007 On 19 February 2007, XM Satellite Radio and Sirius Satellite Radio announced a move that will change the face of satellite radio in the United States and Canada: XM and Sirius will be merging, creating a single satellite radio provider. Multi-million dollar losses, combined with increasing competition from internet radio, downloadable […]

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Calpine declares bankruptcy, cites natural gas prices

Thursday, December 22, 2005 Electrical power generator Calpine Corporation declared bankruptcy on Tuesday. The San Jose, California based company filed for Chapter 11 bankruptcy protection in U.S. Federal Court, to facilitate debt restructuring and to allow for normal operations to continue. Calpine has obtained secured debtor-in-possession financing from Deutsche Bank and Credit Suisse First Boston […]

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