Pirates holding an oil tanker off the coast of Somalia have begun negotiations over a ransom with the ship's Saudi Arabian owners, according to Saudi Arabia's foreign minister. As Derek Kilner reports from VOA's East Africa bureau in Nairobi, at least...
Norway The Norwegian shipping group Odfjell SE has ordered its more than 90 tankers to sail all the way around Africa to avoid the risk of attack by Somali pirates, instead of taking the Suez Canal shortcut through the Gulf of Aden. The shipowner, based...
A crude oil supertanker pirates hijacked off the coast of Kenya during the weekend was approaching a Somali port, U.S. naval officials said...Navy spokesman said the Sirius Star was heading toward Eyl, Somalia, on the Indian Ocean coast, where pirates
NFL vice president of officiating Mike Pereira told NFL Sirius Radio on Wednesday that the Vikings running back violated the rule that prohibits players from removing their helmets except during a timeout or when they are in the bench area. Removing the
Fools, the panic of 2008 has created opportunities for long-term-focused investors...At first, I was greeted with some of my favorite Sirius music channels, like 1st Wave, on the air. Then I discovered that most of my favorite XM channels were gone...Obviously
XM Satellite in July, said it lost $4.88 billion, or $1.93 a share, compared with a loss of $119.6 million, or 8 cents a share, a year earlier when it stood alone as Sirius Satellite Radio. Sirius XM said that excluding the impairment charge, stock based
It's hard to cite Sirius XM Radio Inc.'s most daunting challenge: Is it the $1 billion in debt payments, a bad economy or plummeting new-car sales, the satellite radio company's biggest avenue for new customers? And what about the next big threat, free
No matter how elegant new satellite radio players become, I can’t shake the notion that the technology will be remembered fondly years from now as this generation’s version of the CB radio. Perhaps I’m wrong, but I’ll be shocked if Sirius XM Radio, the
Directed Electronics unit said that it has entered into an agreement with Sirius XM Radio outlining key terms for winding down their business together by January 31, 2009, the expiration date of their current distribution agreement
The company, created by the combination of satellite radio companies Sirius and XM earlier this year, expects to end 2008 with 19.1 million subscribers and end 2009 with 20.6 million subscribers. It sees revenue of $2.7 billion in 2009 and $3 billion