LightSquared Inc., Philip Falcone’s wireless spectrum company, sued GPS manufacturers over claims their misrepresentations about the flawed designs of their products forced LightSquared into bankruptcy.
Philip Falcone’s LightSquared Inc. wireless venture will interfere with agricultural equipment even if it follows its plan to lessen interference with the U.S. global-positioning system, a Deere & Co. official said.
The U.S. Securities and Exchange Commission spent $2.5 million on a court-rejected rule aimed at making it easier for shareholders to put board nominees on corporate ballots, according to the agency’s top official.
Deere & Co., the world’s largest farm equipment maker, expects deliveries of some excavators and mining equipment will be delayed in the aftermath of the earthquake and tsunami that struck Japan last week.
Deere & Co. is selling more debt than at any time in its history, exploiting demand from investors who are charging unprecedented low interest rates even as the world’s largest maker of farm equipment said it won’t be as profitable as forecast.
Five more companies are ending their financial support of a public policy group that has worked with state lawmakers to pass pro-gun ownership and voter- identification laws, a civil rights group said today.