Kolkata, West Bengal -- (SBWIRE) -- 09/20/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Sirius XM Radio Inc(NASDAQ:SIRI), ICICI Bank Limited (ADR) (NYSE:IBN).
Sirius XM Radio Inc(NASDAQ:SIRI) shares increased 2.59% to $3.96. The company on Sept. 19 said it intends to offer $600 million of Senior Notes due 2020 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the United States in compliance with Regulation S of the Securities Act. SiriusXM intends to use the net proceeds from any such offering, together with cash on hand, to redeem its outstanding 7.625% Senior Notes due 2018.
Additionally, SIRI and Bleacher Report announced that they have teamed up to create an all-new daily sports talk program launching Monday, September 16. Bleacher Report Radio, which will be hosted by SiriusXM's Steve Covino and Rich Davis, will air nationwide every weekday (11:00am-1:00pm ET/8:00am-10:00am PT) on SiriusXM Sports Zone (Sirius channel 92 and XM channel 208).
Should Investors Buy SIRI After Yesterday’s Jump? Find Out Here
ICICI Bank Limited (ADR) (NYSE:IBN) shares declined 2.16% to $34.02. The Board of Directors of ICICI Bank Limited (IBN) at its meeting held at Mumbai on July 31, approved the audited accounts of the Bank for the quarter ended June 30, 2013.
Standalone profit after tax increased 25% to Rs 2,274 crore (US$ 383 million) for the quarter ended June 30, 2013 (Q1-2014) from Rs 1,815 crore (US$ 306 million) for the quarter ended June 30, 2012 (Q1-2013). Net interest income increased 20% to Rs 3,820 crore (US$ 643 million) in Q1-2014 from Rs 3,193 crore (US$ 538 million) in Q1-2013.
How Should Investors Trade IBN After The Recent Volatility? Get Free Trend Analysis Here
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