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LightSquared, which had been trying for years to build a high-speed wireless broadband network, has filed for Chapter 11 bankruptcy. The company's plans ran afoul of government regulators who said the new network would interfere with GPS signals.

Lightsquared, a 4G satellite network start-up, has said that despite its bankruptcy filing on Monday, it will continue to press the Federal Communications Commission to approve its wireless airwave licenses, the Washington Post reported Tuesday.

Ally, the former in-house financing arm for General Motors Co , on Monday announced plans to sell some international operations at the same time that its Residential Capital mortgage unit filed for bankruptcy protection. Monday's actions give Detroit ...

LightSquared said in its bankruptcy filing Monday, it will continue to try to win over the Federal Communications Commission to get its satellite venture up and running — a process that can take up to two years. The filing also provided a rare ...

(Reuters) - Hedge fund manager Philip Falcone's dream of bringing another wireless network to the United States likely came to an end on Monday, when LightSquared Inc, the ailing telecommunications company he bankrolled, filed for bankruptcy protection.