The debate continues on the merger of XM (XMSR ) and Sirius (SIRI ) Satellite Radio as the case again comes before the Senate Committee on Commerce for round four since its original proposition in February. Opponents argue that the merger will create a monopoly, leaving a sole provider for satellite service to consumers. This, they argue, will lead to increased prices and decreased content. Advocates argue that the merger is necessary in order to compete against other technologies, including terrestrial radio, MP3 players, CD/DVD etc. The inference is that the battle between the two small companies for the limited audience is splitting the market and preventing its advance against the other technologies.
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| Chevron (CVX), ConocoPhillips (COP) Proxy Voting on Human Rights |
| Written by Miranda Marquit | |||
| Friday, 09 May 2008 10:55 | |||
Sudan/Darfur has brought human rights issues to the forefront in proxy voting.
Photo:Genocide Intervention Network, Creative Commons, Flickr Springtime is proxy voting season and this year one of the newest issues is that of human rights. Human rights have been brought to the forefront by the events in Sudan/Darfur and many socially conscious investors are concerned that companies that they invest in may, in turn, be investing in foreign companies and governments that have dismal human rights records. One example includes companies that invest in PetroChina (PTR), a company that plays a big role in funding the Sudanese government through the oil industry. This year, votes in Big Oil companies Chevron (CVX) -- on May 28 -- and ConocoPhillips (COP) -- on May 14 -- are going to include proposals on human rights. These proposals encourage reports on investments being made, as well as force the companies to change their policies to include human rights when determining investments. Even Halliburton (HAL) is looking at a human rights report proposal on May 21. Financial companies are also seeing these proposals. JPMorgan Chase (JPM) has vote on this issue on May 20. Disclosure: I do not own stock in any of the companies listed above. Site disclaimer.
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| Last Updated on Sunday, 18 May 2008 21:52 |