Falcone Agrees to Step Aside

Hedge-fund manager Philip Falcone agreed to step aside eventually as the public face of his LightSquared Inc. venture, a concession that may keep the wireless-telecommunications company from defaulting on its debt, people familiar with the negotiations said.

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LightSquared Lenders Pressure Falcone

Some of LightSquared Inc.’s lenders want hedge-fund manager Philip Falcone to step aside as the public face of the wireless communications firm as a condition for avoiding a looming debt default, said people familiar with the matter.

S&P to Nokia: Whatcha Gonna Do With All That Junk, All That Junk Inside Your Trunk?

Three nasty credit downgrades in a row.
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OMG, Zynga Planning “a Few” More Hundred Million-Dollar Acquisitions

In an interview with Bloomberg, CEO Mark Pincus said he’s looking for both great teams and companies that have break-out hits, and he’s willing to pay for them.
Zynga CEO Mark Pincus

Nokia Hit With More Debt Rating Downgrades From Moody’s

The ratings firm said it was particularly concerned by the steep drop in the Finnish company’s low-end phone business, which accounts for the bulk of its profits.
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Clearwire May Skip Big Debt Payment

Clearwire Corp. is considering skipping a big debt payment that comes due in two weeks, a decision that could prove a turning point for a company that had hoped to cover the country with wireless broadband service.

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Kodak Warns It Can’t Continue Operations Without Patent Proceeds or New Debt

Eastman Kodak Co. warned Thursday that it will have trouble staying in business if it can’t squeeze more money out of its patent portfolio or raise new funds by selling debt.

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Sprint Plunges on Concern Over 4G, iPhone Costs

Sprint Nextel Corp. shares fell Monday to their lowest level since February 2009 on continued concerns about the costs from rolling out a fourth-generation wireless network and selling Apple Inc. iPhones.

TrueCar Fuels Up With $200 Million in Funding and Two Acquisitions

TrueCar, a Kelley Blue Book competitor that also sells cars online, has raised $200 million in debt and equity following the announcement of two major acquisitions.
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Softbank to Sell Most of Yahoo Stake

Softbank, the Japanese Internet group, said Friday it will pocket a handsome profit by repaying a $1.135 billion loan it took out from Citibank in the U.S. with most of its 4 percent stake in Yahoo Inc., which is worth around $650 million at current market value.

A Loss for Sirius