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Latest Harbinger Capital Partners Stories

2011-01-24 18:45:00

SANTA MONICA, Calif., Jan. 24, 2011 /PRNewswire/ -- CODA Holdings, a California-based leading developer of advanced Lithium-ion power battery systems and all-electric vehicles, today announced that James P. McGinnis and Lord John Browne have joined the company's Board of Directors. Mr. McGinnis and Lord Browne serve as Managing Directors of Harbinger Capital Partners and Riverstone Holdings LLC, respectively, which co-led CODA's $76 million Series D initial closing. (Logo:...

2011-01-06 06:00:00

SANTA MONICA, Calif., Jan. 6, 2011 /PRNewswire/ -- CODA Holdings, a leading developer of Lithium-ion advanced battery systems and all-electric vehicles, today announced the initial closing of a Series D preferred investment round totaling $76 million, bringing the company's total invested capital to more than $200 million. The funding will be used to prepare for start of production of the company's flagship all-electric vehicle, the CODA Sedan, and to support the company's 2011 sales and...

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2010-07-21 07:55:00

Beginning next year, U.S. businesses and consumers may have another option for wireless services with the launch of a new 4G wireless broadband network that will rival those of incumbent telecom companies. Harbinger Capital Partners, a New York-based investment firm, unveiled its ambitious plan on Tuesday to construct a high-speed wireless broadband network that would cover more than 90 percent of the country by 2015. The company said it had signed a $7 billion deal with Nokia Siemens...

2010-06-17 08:00:00

NEW YORK, June 17 /PRNewswire/ -- Philip Falcone, Chief Executive Officer of Harbinger Capital Partners (HCP) today released the following statement addressing the Federal Communications Commission's (FCC) broadband policies: "I understand that there has been a fair amount of debate about the regulatory framework that the FCC has chosen for broadband Internet services. I'm not a lawyer and can't get into the fine points of the Communications Act. But I live my life in the financial...

2010-04-28 10:41:00

NEW YORK, April 28 /PRNewswire/ -- Harbinger Capital Partners today announces a partnership with telecommunications visionary Sanjiv Ahuja and announces his selection as Chairman and Chief Executive Officer of its new nationwide 4G-LTE wireless broadband company. The new company, in addition to controlling access to 13 Mhz of terrestrial spectrum, has a controlling interest in SkyTerra Communications, Inc., an L Band (MSS) company. The new company will build the first LTE network to...

2010-03-26 20:48:00

NEW YORK, March 26 /PRNewswire/ -- Harbinger Capital Partners (HCP) today released the following statement after the Federal Communications Commission announced its decision to authorize the transfer of control of SkyTerra to HCP. HCP applauds today's decision by the Federal Communications Commission to permit the transfer of control of SkyTerra to HCP. With the grant of this application, Harbinger, subject to consummation of the merger, will be able to use SkyTerra's spectrum in concert...

2008-10-08 03:00:19

A hedge fund lost the fight to double its holdings in Cleveland- Cliffs yesterday, a move that would have allowed it to block a $4 billion buyout of Alpha Natural Resources. Shareholders of Cleveland-Cliffs, an iron ore miner, voted against the request by Harbinger Capital Partners to buy up to a third of the company's shares. Harbinger needed shareholder backing under state law. Harbinger owns about 16.6 million shares, or 15.57 percent, of the Cleveland-based company. Harbinger...

2008-09-15 21:00:21

By Tim Huber Cleveland-Cliffs Inc.'s largest shareholder panned the iron ore miner's proposed $10 billion purchase of coal mine operator Alpha Natural Resources Friday as too risky. "The $10 billion acquisition of Alpha is too much, too fast," Harbinger Capital Partners said in a regulatory filing. "We believe the execution risk of merging these companies ... is just too great." Alpha bills itself as the largest exporter of metallurgical coal in the U.S. It operates about 60 mines in...

2007-12-28 18:00:19

Salton, Inc. (Pink Sheets: SFPI) today announced that it has completed its acquisition of APN Holding Company, Inc., the parent of Applica Incorporated, which was accomplished through a merger of a wholly-owned subsidiary of Salton with and into APN. Completion of the transaction follows approval by Salton stockholders of all matters necessary for the acquisition by Salton of APN. As a result, Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special...


Word of the Day
cruet
  • A vial or small glass bottle, especially one for holding vinegar, oil, etc.; a caster for liquids.
This word is Middle English in origin, and ultimately comes from the Old French, diminutive of 'crue,' flask.
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