3 Things Investors Can Learn From March Madness
Even if you don't have any money riding on March Madness, there are some meaningful financial lessons being dispensed on the basketball court this time of year.
Even if you don't have any money riding on March Madness, there are some meaningful financial lessons being dispensed on the basketball court this time of year.
From a company that blew away analysts' expectations to a CEO misusing corporate jets, here's a rundown of this week's smartest moves and biggest blunders in the business world.
Netflix is having a hard time keeping up with its past. Shares of the video service provider tumbled on Tuesday night after posting disappointing domestic subscriber numbers in its latest quarter.
Sirius XM Radio on Wednesday posted a small profit in its second quarter, but reported better than expected revenue thanks to a jump in subscribers and improvements in its operations. Its net income was $15.3 million compared with a loss of $159.6 million one year ago.
Things are looking up at Sirius-XM. 'Shock Jock' Howard Stern is expected to stay with the satellite radio giant, where he reportedly earns more than $100 million a year. Plus, revenue is expected to rise nearly 7% in the fourth quarter, although the company will still report a loss.
Howard Stern may be headed back to terrestrial radio before long -- but not if Sirius XM CEO Mel Karmazin has his way. The shock jock's deal with Sirius pays him around $100 million a year, which the company may not be able to sustain.







