New deadline
Philip Falcone’s Light Squared wireless venture won an extension from the feds to submit a study said to show the service would cause widespread disruption to GPS de vices. The study, due yes terday, must now be sub mitted by July 1.
New deal
Capital Business Credit LLC purchased the loan portfolio of Omni Commercial, a lender to small and mid size companies.
Chase fine
JPMorgan Chase agreed to pay $2 mil lion to settle civil claims that it used high- pressure tactics to get auto loan customers to buy contracts that would suspend or cancel loan payments if they lost their job.
Deutsche suit
US prosecutors filed a civil lawsuit against Deutsche Bank that for malizes the $553 million fine the bank agreed to pay last year in connec tion with its illegal tax shelters for rich Americans.
Refi rise
Mortgage applications in the US rose 13 percent last week to the highest level this year, led by a jump in refis as rates dropped.