By Patrick Clark 9/07/12 7:03am

Morning Read

ECB Board Approves Bond-Buying Plan; Falcone Battles With LightSquared Creditors: Roundup

European Central Bank President Mario Draghi won wide support from his board for a plan to buy the sovereign debt of euro zone countries. Rates on Spanish 10-year bonds promptly fell to levels last seen in May, and the corresponding Italian bond fell to its lowest since April.

LightSquared, the wireless broadband company backed by Harbinger Capital founder Phil Falcone, is battling with creditors over control of the firm’s bankruptcy, according to Bloomberg. LightSquared has asked a judge to extend a deadline to file a Chapter 11 plan; the creditors say, “Having nothing to lose, Mr. Falcone wants to pursue a high-risk, high-return strategy.” Read More

By Ben Smith 10/27/03 12:00am

Iraq Media Guy Rebuilds Qatar At the Garden

“We’re looking at embedding reporters, we’re looking at new and interesting camera angles,” Jim Wilkinson said recently in the quick, confidential drawl reporters got used to at the U.S. Central Command in Doha, Qatar. But while the Republican operative spent much of the year in desert camouflage as General Tommy Franks’ director of strategic Read More