Thursday, 31 July 2014
Last updated 31 min 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…