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Orbiting Wall Street

Eutelsat, ISAT.L, PA, NSE, WRSP Eutelsat Communications, after first lowering the price range of its planned initial public offering (IPO), decided to withdraw the IPO altogether Oct. 27. “Despite support...

Eutelsat Withdraws IPO

Eutelsat Communications Group withdrew its initial public offering due to “adverse market conditions,” the company announced Oct. 27. Eutelsat said the offering was oversubscribed, but the company was “concerned that...

XM Loss Grows In Third Quarter

XM Satellite Radio lost $131.9 million in the third quarter 2005, up from a loss of $118 million in the same period in 2004, the company reported Oct. 27. The...