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U.S. regulators pull the plug on wireless start-up LightSquared's proposal to build a new...

U.S. regulators pull the plug on wireless start-up LightSquared's proposal to build a new national wireless network on concerns the network would interfere with GPS devices. Sprint (S) planned to build and operate LightSquared’s network, but anticipating a rejection, has been distancing itself from the project. S +0.4% premarket.
Comments (1)
  • hiralph60
    , contributor
    Comments (5) | Send Message
     
    I wonder what happens to Pres Obama,s $95,000 investment in this company. How [ approx 5 yrs ago] did he have this kind of $$ to invest when he never made this much in any yr he worked except maybe when he became a senator. No one would take his last $$ & put into an unknown venture. Did George Soros [ who also is an investor] give him the $$ so that when he became President he would play along w his left wing policies. Soros has been to the white House many times to see the president. A thorough investigation should be done & begun Immediately. Very Fishy
    18 Feb 2012, 05:27 AM Reply Like
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