XM, Sirius Deal Nears Finality As Companies Agree to Fines - Washington Post
XM Satellite and Sirius Satellite yesterday agreed to pay almost $20 million in fines for past technical violations, paving the way for federal approval of a merger between the nation’s only satellite radio providers. Federal Communications

Satellite radio companies to pay $19.7 million - Seattle Times
The nation’s two satellite radio companies have concurred to pay $19.7 million to settle rules violations, a move that is expected to lead to quick approval of their merger. Federal Communications Commission Chairman Kevin Martin told The Associated

Paulson’s Fannie-Freddie Deal Scraps Bush’s Free-Market Push - Bloomberg
July 25 (Bloomberg) — In October 2003, Treasury Secretary John Snow told Congress “we need to be on guard” against the “perception” that the U.S. government stood behind the stocks and bonds of Fannie Mae and Freddie Mac . This week his

Fortescue faces $7m fines over deaths - News.com.au
COMPANIES owned by Australia’s wealthiest individual, Andrew Forrest, face fines of up to $7 million over the death of a worker and serious injuries to five others during a cyclone at a Pilbara construction camp last year. George, a category five

Companies plan to tap landfill’s gas to generate power - 14 WFIE
EVANSVILLE, Ind. (AP) - Two companies plan to tap gas from a southern Indiana landfill’s decomposing garbage and turn it into enough power to light more than 1,500 homes. Veolia Environmental Services and Vectren’s Energy Systems Group state they will

Emerging debt-Asian bonds weaken, Shimao hit by downgrade - Reuters
HONG KONG, July 25 (Reuters) - Asian bond spreads widened on Friday as weak global economic data and disappointing corporate earnings worldwide reinforced expectations for slowing growth at a time of surging inflation. The iTRAXX Asia ex-Japan high

Microsoft seeks an ad friend in Facebook - International Herald Tribune
Microsoft has tried various tactics to expand its share of the lucrative on the internet search business. It recently failed in its pursuit of Yahoo. It is paying people to use its search engine. Now Microsoft thinks it has found a promising source of users

Exxon and BHP announce large Australia gas project - Miami Herald
A subsidiary of ExxonMobil Corp. and BHP Billiton Ltd on Friday announced a $1.25 billion project to tap oil and gas reserves in Bass Strait off southern Australia. The joint venture will build an offshore platform off Victoria state at a site called

China Stocks Decline; Financial Shares, Merchants Bank Slide - Bloomberg
July 25 (Bloomberg) — China’s stocks fell, led by financial companies, on concern credit-market losses will widen and a slowing U.S. economy will reduce demand for exports. China Merchants Bank Co. and Ping An Insurance (Group) Co. declined for the

China says has more people surfing the Web than US - Boston Globe
BEIJING— China’s booming Internet population has surpassed the United Says to become the world’s biggest, with 253 million people on the internet despite government controls on Web use, according to government data reported Friday. The latest figure on

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