The NHS is struggling to stay in the black for 2015-16, according to recent reports. The organisation’s finance chiefs have appealed to the government for a £8 billion injection by the end of next year. According to the Financial Times, there is far too much pressure on the service to deliver. And, that the £8 billion on offer needs to be … [Read more...]
WSJ: LightSquared ‘preparing’ for bankruptcy protection filing, final decision coming tomorrow
Can't say it's striking us as any sort of surprise, but the seemingly destined-to-fail LightSquared just might be out of options. After getting a high-five from Sprint and plenty of attention for its initiatives in bringing yet another wireless option to America, those blasted GPS interference issues (or "supposed" issues, depending on who you ask) … [Read more...]
LightSquared officially files for Chapter 11 bankruptcy
As expected, May 14th is indeed a dark day for LightSquared. The company has just filed paperwork in order to initiate Chapter 11 bankruptcy proceedings in Manhattan's US Bankruptcy Court, effectively killing its dream of providing a high-speed mobile wireless network to upwards of 260 million people. Not quite a year after Sprint and LightSquared … [Read more...]