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Sirius XM Rises After Boosting Annual Profit Forecast

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Sirius XM Radio Inc., the largest U.S. satellite-radio company, reached an almost four-month high after a jump in subscribers prompted it to boost its annual profit forecast.

Sirius rose 4.6 percent to $2.30 at the close in New York, its highest closing price since April 9. The shares have gained 26 percent this year.