Philip Falcone resigned from the board of LightSquared Inc., the bankrupt wireless-spectrum owner he has tried to build into a rival to U.S. mobile providers, amid negotiations with creditors to reorganize the company.
Energy and technology companies are among non-financial firms granted a three-year reprieve from parts of European Union rules on over-the-counter derivatives, under a compromise deal backed by lawmakers yesterday.
Zac Vawter, a software engineer who lives in the Seattle area, already knew about advances in bionic technology when a motorcycle wreck led to the amputation of his right leg just above the knee in 2009.
Mexico’s central bank will probably keep its benchmark interest rate unchanged for an eleventh straight meeting, matching the bank’s longest pause, after consumer prices declined for the past three months.
Economists are paring forecasts for declines in the Argentine peso, pushing the median year-end estimate to the strongest in five months, on speculation policy makers will limit losses to rein in inflation.
Three former executives of Hewlett- Packard Co.’s Mercury Interactive Corp. and the U.S. Securities and Exchange Commission are in talks to settle allegations the employees broke securities laws by backdating company stock options, a judge said.
Philip Falcone’s bankrupt LightSquared Inc. won court permission to award bonuses to four key executives under a revised plan that pays them the most if the company sells its assets or exits bankruptcy before July.