Monday, 22 September 2014
Last updated 2 days ago
Mar 1 2012 | 4:00am ET
Harbinger Capital Management's embattled wireless Internet venture already has a man in mind for its vacant CEO's seat, just days after its most recent chief resigned.
LightSquared may hire former Sprint Nextel Chairman Timothy Donahue as it seeks to convince regulators to allow its proposed network to move forward. The Federal Communications Commission last month said it would not approve LightSquared's plans due to interference with global positioning systems, but yesterday agreed to give the company another two weeks to respond to its decision.
Battles over spectrum are nothing new for Donahue who, as CEO of Nextel prior to its merger with Sprint, worked with the FCC to deal with concerns that Nextel's network would interfere with public safety systems. That background is a factor in LightSquared's interest in Donahue, Reuters reports.
In addition, Donahue's former company—he retired in 2006—is LightSquared's most important customer.
Sanjiv Ahuja, LightSquared's first CEO, stepped down on Tuesday, although he remains the company's chairman.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.