LightSquared
The FCC may have ig nored requests from Congress about the agency’s initial approval of Philip Falcone’s Light Squared wireless ven ture, said Sen. Charles Grassley.
Buffett-Citi
Warren Buffett is part of a bidding group in ex clusive talks to buy Citi group’s CitiFinancial unit, the Wall Street Journal reported.
Lagarde pay
The International Monetary Fund said its new managing director, Christine Lagarde, will receive an annual salary of $467,940 net of in come taxes.
Standoff
JPMorgan Chase & Co. and consumers who sued the bank over claims of excessive overdraft fees have reached an impasse in settlement talks, accord ing to court documents.
Verizon plans
Verizon Wireless is getting rid of its unlim ited data plan for new smartphone customers starting Thursday, shift ing instead to limited data plans that give users between 2 and 10 gigabytes of data each month.