Tuesday, 30 September 2014
Last updated 1 hour ago
Jun 6 2011 | 12:14pm ET
Another voice has emerged in opposition to Harbinger Capital Management's planned nationwide wireless network.
Deere & Co. told the Federal Communications Commission last week that its agricultural global positioning systems' performance broke down within 22 miles of a base station operated by LightSquared in New Mexico. The company warned that LightSquared's 4G network, which has won a conditional waiver from the FCC, would "create massive interference."
Deere's complaint to the FCC follows similar warnings from the U.S. Departments of Commerce, Defense, Homeland Security and Transportation. The FCC has commissioned a report, due on June 15, which it will review before giving LightSquared the green light to move forward.
"There are major economic consequences" to the LightSquared system, Deere said. "Deere customers in agriculture, construction and other applications will lose high-accuracy navigation in and near areas served by LightSquared."
LightSquared has repeatedly said it would work to mitigate any negative impact of its proposed network.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...