A Hedge Fund Billionaire's
4G Wireless Master Plan

Philip Falcone, Harbinger Capital Partners, who's launching a 4G telecom network

Philip Falcone, who runs Harbinger Capital Parters, is taking on several of the country's biggest telecoms by leveraging two satellite investments into a massive 4G wireless network that one analyst has called "breathtaking in its ambition."

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Market Update:
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    As bad as the nation's unemployment situation is, recent data and some analysts' comments suggest reason for optimism. Initial jobless claims have fallen for four weeks straight, and the latest moves from Washington may push the economy back into job-growth mode.

    Arthur Sulzberger, chairman and publisher of The New York Times, isn't savvy about symbolism. How else could he have accepted $6 million in compensation a year in which his newspaper eliminated 100 jobs from the newsroom and imposed unpaid furloughs on all who remained?

    April Fools' Day may not be so much fun for Borders. The embattled bookseller faces a $42 million payment to its largest investor, Pershing Square Capital, even as it deals with management upheaval, crushing lease agreements and a flagging stock.

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    Our "Growth Matters" series looks at OneRiot, which allows users to scour real-time information from booming sites like Twitter and Facebook. And the company says it can do the job better than Google.

    Consumers are saving money in the recession by repairing their computers or replacing them with refurbished, instead of new, versions.

    Cash-strapped buyers are finding that rather than buying a new computer, keeping the old one running can be a viable alternative. And big businesses like Best Buy and Staples are jumping on the trend.

    AT&T rolls out 3G MicroCell, Wireless in every room

    AT&T; is launching a $150 device that you can use to blanket your home with strong wireless coverage. And other companies will soon offer similar solutions for offices. This could really ease the cellular congestion headache.

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    SymbolLastChange / %Volume

    Most Actives

    C
    CITIGROUP INC
    4.20-0.11
    -2.55%
    808.23M
    F
    FORD MTR CO DEL
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    -2.45%
    144.49M
    BAC
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    18.02+0.12
    +0.67%
    139.28M
    SPY
    SPDR S&P; 500 ETF
    117.36+0.78
    +0.67%
    107.54M

    % Gainers

    KID
    KID BRANDS INC
    7.85 +1.25
    +18.94%
    359,477.00
    CYD
    CHINA YUCHAI INTL LTD
    17.86 +2.83
    +18.83%
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    WHI
    W HLDG CO INC
    10.30 +1.55
    +17.71%
    180,462.00
    BWY
    BWAY HOLDING COMPANY
    20.09 +2.74
    +15.79%
    2.60M

    % Losers

    AIB
    ALLIED IRISH BKS P L C
    3.56-0.89
    -20.00%
    16.58M
    IRE
    IRELAND BK
    6.60-0.84
    -11.29%
    2.88M
    HEK.UN
    HECKMANN CORP
    6.75-0.75
    -10.00%
    600.00
    GSL.UN
    GLOBAL SHIP LEASE INC NEW
    2.29-0.21
    -8.40%
    200.00

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