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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| KLD Announces Social Investment Unit Trust |
| Written by David Neubert | |||
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Trying to catch two waves at once, UBS, KLD, Domini and Mergent form a fund that combines popular trends: Socially responsible investing (SRI) and a focus of providing shareholder value by returning cash to shareholders via dividends. KLD, a socially responsible index provider announced the formation of a new unit trust with global banking giant UBS (UBS). The Unit Investment Trust will follow an index that includes only stocks that are part of both KLD's Domini 400 Social Index and Mergent's Dividend Achievers Index.
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