Monday, 25 May 2015
Last updated 2 days ago
Dec 8 2011 | 2:23am ET
The Harbinger Capital Management-backed wireless Internet venture LightSquared trotted out a new series of tests it claims shows that it is "well on its way" to resolving the global positioning system interference issues that have dogged it in recent months.
New tests from an Alcatel-Lucent laboratory show that GPS devices from at least three companies outdid performance standards in spite of LightSquared's network. But those tests, which involved devices from Javad GNSS, PCTel and Partron, were dismissed by LightSquared's opponents.
"The results announced today do not address proven interference to hundreds of thousands of existing high-precision GPS receivers in a wide variety of critical uses," said Jim Kirkland, general counsel for GPS maker Trimble Navigation and an outspoken opponent of LightSquared's plans. According to Kirkland's Coalition to Save Our GPS, LightSquared's signal could interfere with key farming, aviation and other navigation systems.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…