Tuesday, February 17, 2009

Liberty Media Corp. will invest $530 million in financially struggling satellite radio company Sirius XM Radio Inc. In exchange, Liberty will get 12.5 million shares of preferred stock, two seats on the company's board, and three washed-up New York City disc jockeys to be named later.

Liberty Media Corp. will invest $530 million in financially struggling satellite radio company Sirius XM Radio. Notoriously confident CEO Mel Karmazin will remain at the helm of the troubled company...and get his own "Comedy of Errors" channel.

The value of Bill Gates' investments fell by $3 billion - almost 20 percent - in the fourth quarter of last year. He only learned about it this week. He gets online statements and whenever he tries to login, his Windows Vista computer keeps crashing.

Trump Entertainment Resorts Inc. filed for Chapter 11 bankruptcy protection today. Donald Trump resigned from the company's board last Friday, after unsuccessful efforts to just comb over the problems.

A 200-pound domesticated chimpanzee who once starred in TV commercials for Old Navy and Coca-Cola was shot dead by police after a violent rampage that left a friend of its Connecticut owner badly mauled. Experts say well-behaved animals are often at risk of sudden outbursts of dangerous, inexplicable behavior. Or as it's called in Connecticut, "The Joe Lieberman Syndrome."