Falcone adds defendants in effort to keep LightSquared

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Falcone adds defendants in effort to keep LightSquared

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Falcone adds defendants in effort to keep LightSquared

by Wochit 0:50 mins

Falcone adds defendants in effort to keep LightSquared

by Wochit 0:50 mins

Days after suing the satellite television mogul Charles W. Ergen over his bankrupt wireless broadband company, Philip A. Falcone has turned his focus on the GPS industry. The price of oil rose above $105 a barrel as positive economic news from China outweighed expectations that the U.S. Federal Reserve would soon start withdrawing its bond-buying program. The Canadian dollar is expected to drop further against the U.S. dollar in the coming months and stay weaker for longer than previously forecast, a Reuters poll of economists and currency strategists showed, with a pull-back in the U.S. Federal Reserve's stimulus program boosting the greenback.

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