Globalstar stock dropped another 19% to 97 cents following announ...
Globalstar stock dropped another 19% to 97 cents following announcement Tues. that company had stopped making debt payments (CD Jan 17 p4). Loral stock was unchanged Fri. at $4.31. Meanwhile, First Eagle Fund of America said it fell below…
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2000 projections because of subpar year at Loral and Globalstar. Loral plummeted more than 85% because of concern about company’s 40% stake in Globalstar.