HSBC Holdings Plc lost a bid to dismiss a lawsuit by a group of Taiwanese banks that accuse HSBC Bank USA of helping deceased financier Danny Pang’s PEMGroup defraud them of more than $500 million.
Sirius XM Radio Inc. was sued by radio personality Howard Stern ’s production company and his agent for failing to pay stock awards they claim were promised.
Sirius XM Holdings Inc., the satellite-radio company weighing a buyout offer from Liberty Media Corp., said it surpassed its target for subscriber growth last year.
Billionaire John Malone said his effort to take control of Sirius XM Radio Inc. will eventually lead to a spinoff of the largest U.S. satellite-radio company.
Sirius XM Radio Inc., the largest U.S. satellite-radio broadcaster, rose the most in more than a month in New York trading, on speculation John Malone’s Liberty Media Corp. will increase its stake and spin it off.
The U.S. Federal Communications Commission dismissed an application by John Malone’s Liberty Media Corp. for permission to control Sirius XM Radio Inc.
John Malone’s Liberty Media Corp. won U.S. regulatory approval to assume broadcast licenses from Sirius XM Radio Inc., a step needed for Liberty to finish its takeover of the satellite radio provider.