Monday, 22 December 2014
Last updated 5 hours 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.