Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 12,454.80 -74.92 -0.60%
S&P 500 1,317.82 -2.86 -0.22%
Nasdaq 2,837.53 -1.85 -0.07%
Ticker Volume Price Price Delta
STOXX 50 2,161.87 +5.35 0.25%
FTSE 100 5,351.53 +1.48 0.03%
DAX 6,339.94 +24.05 0.38%
Ticker Volume Price Price Delta
Nikkei 8,580.39 +17.01 0.20%
TOPIX 722.11 -0.14 -0.02%
Hang Seng 18,713.40 +47.01 0.25%
Gold 1,571.20 +0.73%
EUR-USD 1.2517 -0.1227%
Nasdaq 2,837.53 -0.07%
DJIA 12,454.80 -0.60%
S&P 500 1,317.82 -0.22%
FTSE 100 5,351.53 +0.03%
STOXX 50 2,161.87 +0.25%
DAX 6,339.94 +0.38%
Oil (WTI) 90.86 +0.22%
U.S. 10-year 1.738% -0.039
BAC:US 7.15 +0.14%
FB:US 31.91 -3.39%

LightSquared to Face Congressional Science Committee Hearing

Philip Falcone’s proposed LightSquared wireless service faces a hearing Sept. 8 before the U.S. House Science, Space and Technology Committee, the panel announced today.

Witnesses at the hearing, entitled “Impacts of the LightSquared Network on Federal Science Activities,” are to include officials from the Transportation Department and the National Aeronautics and Space Administration, according to a notice from the committee distributed by e-mail.

LightSquared is seeking regulators’ approval to build a $15 billion wholesale network of 40,000 base stations using airwaves previously reserved mainly for satellites. Makers and users of global-positioning system devices, which rely on satellite signals, say LightSquared would disrupt navigation equipment on aircraft, boats, tractors and automobiles.

The Federal Communications Commission is considering Reston, Virginia-based LightSquared’s proposal.

-- Editors: Michael Shepard, Allan Holmes

To contact the reporter on this story: Todd Shields in Washington at tshields3@bloomberg.net

To contact the editor responsible for this story: Allan Holmes at aholmes25@bloomberg.net

Sponsored Links