Word: sirius
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Dates: during 2000-2009
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...well timed investment in GE (GE) could be worth a 71% return, also in less than a month. Sirius (SIRI) is up 7x from its low of $.05 which was set only a month ago. Even Apple (AAPL) has moved up 27% in a very short period of time. There really is not any such thing as a sucker rally. There are only suckers. In the long bull market that stretched over nearly four years, many investors who made five or six times their initial investment did not cash out in 2007. Some did not take even a small part...
...Francisco newspapers, while E. W. Scripps closed the 150-year-old Rocky Mountain News in February. The owners of the Minneapolis Star-Tribune went into bankruptcy, and one of the last African American dailies, the Chicago Defender, converted to a weekly publishing cycle. Two of satellite radio's pioneers - Sirius and XM - merged to avoid mutual failure, along with 42 mergers and acquisitions among consumer magazines. Stock for General Electric, which owns NBC Universal, lost more than half of its value in 2008, fueling rumors that GE might sell its NBC subsidiary, though the company's chairman, Jeffrey Immelt...
...Saudi oil tanker captive for nearly two months released the ship after receiving a reported $3 million ransom on Jan. 9. All did not end well for the pirates, however: reports said several of them drowned when their boat capsized as they returned to shore. The tanker, the Sirius Star, is the largest ship ever hijacked and had been held since Nov. 15. It was carrying about $100 million worth of crude...
...Dashishle, the pirate aboard the Sirius Star, concurred: "They just want the Saudi Arabians who own the ship to hear that the Shabab militia wanted to release the ship, because they receive money from some rich Saudis," he said. "But the Shabab doesn't have the strength to attack us and release the ship. It's just simple propaganda...
...Still, the capture of the Sirius Star - and the apparent decision to pay ransom to free the MV Faina - makes clear that the efforts of Western and other nation-states to deploy warships to protect commercial shipping from piracy have not been particularly effective against a handful of men equipped with a few rocket-propelled grenades, a fleet of rusty boats and a great deal of pluck. Restrictive rules of engagement and the hazy legality of arresting pirates whose home nation has no functioning legal system have left even the U.S. Navy unable to take the fight to the pirates...