Business
Dell Shareholders Approve $24.9 Billion LBO Deal
The shareholders of Dell (NASDAQ:DELL) formally approved the $24.9 billion leveraged buyout (LBO) offer by its founder and CEO, Michael Dell and Silver Lake Partners after a long battle against activist investor, Carl Icahn who strongly believed that the proposal “greatly undervalues” the PC maker.
Business
Twitter Confirms IPO With A Tweet
Twitter, the popular micro blogging company confirmed the filing of its initial public offering (IPO) with the Securities and Exchange Commission via tweet. Analysts and investors as well as the media covering the technology...
Business
Carl Icahn Ends Fight to Stop Dell Buyout
Activist investor, Carl Icahn decided to end the fight to stop the buyout proposal of Michael Dell and Silver Lake Partners to take Dell Inc (NASDAQ:DELL) private.
In a letter to his fellow shareholders on...
Business
Wells Fargo Remains Committed In Offering Student Loans
Wells Fargo & Company (NYSE:WFC) remains committed in offering student loans despite the exit of other major banks in the business and a stringent scrutiny from regulators concentrating on the private student lending market.
Since...
Business
Mulally to Remain Ford CEO Until End of 2014, Denies Early Departure
Ford Motor Company (NYSE:F) CEO Alan Mulally denied reports that he will step down from his position earlier than planned. He said he will lead the automaker until end of 2014.
Alan Mulally, president and...
Business
Glenview Capital Boosts Stake In JC Penney, Becomes 2nd Largest Shareholder
Glenview Capital Management, the hedge fund headed by Larry Robbins increased its stockholding in JC Penney Company (NYSE:JCP) based on its latest 13G filing with the Securities and Exchange Commission (SEC). The hedge fund...
Business
Can BlackBerry Sustain Momentum
Last week, BlackBerry (BBRY) shocked Wall Street and reported an unexpected profitable fourth-quarter....Where do we go from here? it seems there's a lot more to BlackBerry than just the BlackBerry Z10 smartphone.
Business
Will the Apple iTV Make the Same Impact as the iPhone and iPad
Apple iTV is rumored to be launched this year, Steve Jobs wanted to create an integrated TV with the simplest user interface, will Apple succeed in making a TV that will have the same impact as the iPhone and iPad?
