Apple's iPhone Silences Doubters: Tech Weekly
New York Judge Barbara Kapnick previously dismissed and ruled "with prejudice," saying Stern's contract had "clear, unambiguous language" and, as such, he was not entitled to any further compensation. Stern believed he was owed an additional $300 million for lost stock awards, subject to subscriber thresholds, when he signed his initial deal in 2005.
Stern and his manager Don Buchwald argued that he had surpassed the expectations when Sirius merged with XM Satellite Radio in 2008.
Shares of Sirius lost 0.67% on the week to finish at $2.21.
Despite not being public yet, social networking giant Facebook made waves for three reasons: Revenue growth is slowing; its long-awaited IPO may be pushed back; and it's beefing up its patent portfolio.
Revenue fell 6% sequentially from $1.13 billion in the fourth quarter of 2011 to $1.06 billion in the first quarter of 2012, the company said in its amended S-1 filing on Monday.
Year-over-year revenue growth slowed, with revenue growing 45% from the first quarter of 2011. That's down from the 154% yearly growth Facebook saw from 2009 to 2010, and the 88% growth the company saw from 2010 to 2011.
Facebook, long expected to go public sometime in May, may now be forced to push back its IPO to June because of recent deal activity, according to CNBC.