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NEW YORK The U.S. Justice Department approved the merger between satellite radio companies Sirius and XM Monday, more than a year after the two companies first announced their deal. In its decision, the Department of Justice had to determine whether an XM-Sirius merger was anti-competitive, or if other media companies such as Clear Channel ( CCU , Fortune 500 ), CBS ( CBS , Fortune 500 ), or even Apple ( AAPL , Fortune 500 ) with its iTunes software and iPod music player served as alternate options for music and media customers. The Federal Communications Commission must also approve the deal before it can officially be completed. The FCC has yet to make a decision on the deal. The merger would combine the nation's only two satellite radio companies and create a company with about 14 million subscribers. It would bring together Sirius' most well-known content, including Howard Stern and National Football League games with XM's Major League Baseball as well programming from ...

THE French and English branches of the fabled Rothschild banking family announced their unification overnight, ending a separation that dates from the 19th century. Under an agreement announced overnight the two will unify their shareholdings under a single holding company, the French group Paris-Orleans. Symbols of big money and finance, the Rothschild dynasty, which includes media personalities, amateurs of horse racing and owners of prestigious vineyards, is best known for its capital management activities. The two branches were created at the beginning of the 19th century when the founder of the dynasty, Frankfurt-based Meyer Amschel, sent his sons on a mission throughout Europe to develop the bank he had created. Mr Amschel was renamed Rothschild by his neighbours because of the red shield which adorned his house. Of the four sons who left Germany, Nathan settled in London and founded NM Rothschild and Sons. Jacob Meyer, who was nicknamed James, settled for Paris. Jacob Meyer'...