Philip Falcone's telecom start-up LightSquared edged closer to a bankruptcy filing on Sunday as the hedge fund manager was far from an agreement with creditors, sources familiar with the matter said. Read More
Google’s harvesting of e-mails, passwords and other sensitive personal information from unsuspecting households in the United States and around the world was neither a mistake nor the work of a rogue engineer, as the company long maintained, but a program that supervisors knew about, according to new details from the full text of a regulatory report. NYT reports. Read More
Hedge fund manager Philip Falcone said he is "seriously considering'' filing a voluntary bankruptcy for LightSquared, the struggling telecom startup in which his Harbinger Capital Partners is the majority owner. Read More
In a filing, T-Mobile USA asked the FCC to stop Verizon's planned $3.6 billion purchase of spectrum from cable companies to prevent "excessive concentration" of market share. Read More
Federal officials plan to kill a private company's plans to start a national high-speed wireless broadband network after concluding it would in some cases jam personal-navigation and other GPS devices. Read More