News bites: What's next for LightSquared?

Bloomberg reports on the options for LightSquared and its principal investor, Phil Falcone, after regulators rejected its planned wireless network. The company could sell off its assets, buy new airwaves or sue the government, according to the report.  

Game-maker Zynga posted a loss in its first earnings report, The Wall Street Journal reports.

Researchers discovered a vulnerability in the encryption system used for online shopping, banking, email and other services, The New York Times reports. 

Hulu launches its first original series about a Senate campaign, The New York Times reports.