breathing room

  • 14 May 2012 at 5:24 PM

LightSquared Is Just Taking A Breather Is All

Bankruptcy β€œis intended to give LightSquared sufficient breathing room to continue working through the regulatory process that will allow us to build our 4G wireless network,” Chief Financial Officer Marc Montagner said in a statement. [Bloomberg]

  • 12 May 2011 at 10:36 AM

Third Point Closed To New Investors

The firm is up to $7.2 billion in assets (from $6.7 billion last month) and needs to get comfortable with that before it can think about taking on any “new relationships.” [AR]