Heavy Traded Stocks: Sirius XM, Micron Tech, Citi, Frontier, Microsoft May 7th

Sirius XM Radio Inc (NASDAQ:SIRI): On March 20, Liberty Media Corporation (LMCA) filed the referenced applications for consent to transfer de facto control of Sirius XM Radio (NASDAQ:SIRI)… We dismiss the applications as unacceptable for filing.

Micron Technology, Inc. (NASDAQ:MU): Micron Technology (NASDAQ:MU) won the right to negotiate exclusively to buy Elpida Memory after offering over $2.5B for the failed Japanese chipmaker, sources say, reports Reuters

Citigroup Inc. (NYSE:C): At the annual shareholder meeting, Berkshire Hathaway’s (BRK.A) chief Warren Buffett said, The American banking system is in fine shape. The European system was gasping for air a few months back., reports the NY Post.

Frontier Communications Corp (NASDAQ:FTR): Reported Q1 revenue $1.27B versus consensus $1.26B. At March 31, 2012, the Company had 3,038,900 residential customers and 302,100 business customers. The Company grew its broadband customers by 11,700 during the first quarter of 2012. The Company had 1,775,900 broadband customers at March 31, 2012. The Company had net additions of 4,400 video customers during the first quarter of 2012, which includes 9,200 net additions of satellite TV customers and a net loss of 4,800 FiOS video customers. The Company had 561,900 video customers at March 31, 2012.

Microsoft Corporation (NASDAQ:MSFT): MasterCard announced that it would provide certifications for 17 NFC phones and its own mark that handset makers can display on device packaging, advertisements, or on the devices, NFC Times reported on Friday. The mark will show that the device supports contactless payments with MasterCard PayPass. Four of RIM’s (NASDAQ:RIMM) Blackberrys, three of Samsung’s Galaxy phones, and Nokia’s (NYSE:NOK) first Windows Phone, which uses Microsoft’s (NASDAQ:MSFT) software are among the devices that will receive the certification the publication added.

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