Philip Falcone’s LightSquared Inc. proposed a bankruptcy plan that would punish Dish Network Corp. Chairman Charles Ergen, a creditor and onetime bidder for the wireless company, if he doesn’t go along.
U.S. regulators will propose rules before President Barack Obama leaves office requiring vehicle- to-vehicle communications systems in new cars, a move advocates said may aid safety more than seat belts and air bags.
Elon Musk, the billionaire co- founder of electric carmaker Tesla Motors Inc., is sniping over semantics with the industry’s regulator, the latest step in what he calls a crusade to revolutionize the automobile.
Dish Network Corp.’s motion to drop its $2.2 billion offer for airwaves owned by LightSquared Inc. became the focus of a trial over how Dish Chairman Charles Ergen bought debt in Philip Falcone’s bankrupt wireless broadband company.
The top U.S. auto-safety regulator will step down, as his agency investigates fires in Tesla Motors Inc. electric cars and is behind schedule on implementing a rule requiring backup cameras in new cars.
Philip Falcone’s LightSquared Inc. is set to open a trial accusing Charlie Ergen of improperly snapped up debt in the company to hijack its reorganization and get airwaves worth billions of dollars for Dish Network Corp., even as Dish has said it may withdraw its bid.
Borders Group Inc. , the second- biggest U.S. bookstore chain, is taking competing bids to liquidate 200 of its stores after winning court permission on its first day in bankruptcy to draw on a $505 million loan.
Royal Bank of Scotland Group Plc’s interest-rate traders were seated with one of the main rate setters in its London office to share information, and discussed rates on conference calls, a fired trader said.
Germany must face a lawsuit over bonds that defaulted under Adolf Hitler in the 1930s, a U.S. appeals court ruled, saying the nation isn’t immune from the claims and that American courts have jurisdiction to decide whether the bonds are enforceable.