Saturday, 25 October 2014
Last updated 1 day ago
Sep 26 2011 | 1:48pm ET
Harbinger Capital Management's planned wireless venture is fighting back.
Beset by complaints that its system will interfere with global positioning systems and under fire from Republicans who aren't thrilled about Harbinger founder Philip Falcone's political leanings, LightSquared took out full-page newspaper ads across the country today to defend itself. In the ads, LightSquared said that its system isn't to blame for the interference problems, blaming them instead on the "inappropriate use" of its spectrum by other companies.
LightSquared also said that its latest plan, which it says would eliminate interference for all but 0.5% of GPS users, "can be implemented simply, quickly and inexpensively into GPS devices."
The open letter from LightSquared CEO Sanjiv Ahuja ran in such broadsheets as The New York Times and The Wall Street Journal.
Several groups, including a number of federal agencies, have expressed concerns that LightSquared will hamper precision GPS, including that used in air traffic control, agriculture and weather prediction.
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.