In a suspect move, LightSquared calls for GPS design standards

LightSquared has asked the FCC n to impose future standards on GPS device design, claiming such requirements would allow GPS and its LTE network to co-exist peacefully. While LightSquared would appear to be taking the middle path, the proposal smacks of a political stunt.

Can Carl Icahn pick up the pieces of LightSquared?

Carl Icahn has been quietly buying up LightSquared’s debt a rock bottom prices, which would put the activist investor in position to take over the company in the increasingly likely event of bankruptcy. But would there be anything left of LightSquared to salvage?