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XM posts wider Q4 loss; director quits

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XM posts wider Q4 loss; director quits

XM Satellite Radio’s losses soared in the fourth quarter on higher costs for marketing and acquiring subscribers, and a key director quit over disagreements about the company’s direction, warning of a looming “crisis.” Investors punished the shares of the Washington, D.C.-based company, sending them down $1.04, or 4 percent, to $24.21

Read the complete story here. (AP via Yahoo)

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