XM Satellite and Sirius Completes Merger

XM Satellite and Sirius Satellite Radio have completed their merger. The merged company will change its name to Sirius XM Radio Inc. Their stock will continue to be traded on the Nasdaq under the symbol SIRI. The company now has more than 18.5 million subscribers and expects to save about $400 million in costs in 2009.

Shaquille O’Neal Preparing to be Traded

Shaquille O’Neal is preparing to be traded by the Miami Heat. The Phoenix Suns are ready to trade two players from their team to have him. The Suns are already planning on having him take a physical before they make the deal and are willing to trade Shawn Marion and Marcus Banks to get Shaq. Both teams are very serious about the deal.

Shaq currently has two full seasons left on his current $100 million five-year contract. This season he averaged a low 14.2 points. He has also suffered a bruised hip on Dec 22^nd and missed four out of five past weeks while recovering. The Miami Heat has lost 19 of their last 20 games and has the NBA’s worst record at 9-37. The Phoenix Suns have the best record in the Western Conference at 34-14.

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