U.S. Seeks to Grab $300 Million in Uzbek Telecom Bribe Probe
The Justice Department is seeking to seize $300 million claimed to be the proceeds of an international bribery conspiracy involving two Russian phone companies, as the U.S. joins a group of European nations in a telecom corruption probe. The U.S. claims VimpelCom Ltd., part-owned by Russian billionaire Mikhail Fridman, and Mobile TeleSystems OJSC used […]
South Florida among top areas for loan modifications
South Florida ranks among the top metro areas in the number of mortgage modifications, an indication that lenders are making progress in addressing the region’s housing debacle, industry observers say. Lenders have approved 46,032 trial or permanent modifications in Palm Beach, Broward and Miami-Dade counties since the Home Affordable Modification Program started in 2009. The […]
LightSquared Said to Disrupt 75% of GPS in U.S. Tests
Philip Falcone’s proposed LightSquared Inc. wireless service caused interference to 75 percent of global-positioning system receivers examined in a U.S. government test, according to a draft summary of results. The results from testing conducted Oct. 31 to Nov. 4 show that “millions of fielded GPS units are not compatible” with the planned nationwide wholesale service, […]