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Monday, July 1, 2013

Business Today: Icahn seeks Dell meeting after securing $5.2 billion for bid

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07/1/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Icahn seeks Dell meeting after securing $5.2 billion for bid
(Reuters) - Billionaire investor Carl Icahn asked for a meeting with Dell Inc's special board committee after lining up $5.2 billion in loan commitments to back up his bid for a leveraged recapitalization of the personal computer maker.
Wall St. ends higher on data boost
NEW YORK (Reuters) - Stocks closed higher on the first day of a new quarter on Monday, boosted by economic data, but pulled off their highs late in the session as some investors booked profits.
Factories rebound in June, but hiring down
NEW YORK (Reuters) - Manufacturing expanded last month, rebounding from an unexpected contraction in May, but hiring in the sector was the weakest in nearly four years, which could make the Federal Reserve think twice about how soon to scale back its stimulus.
Exclusive: State attorneys general probing American, U.S. Airways merger
WASHINGTON (Reuters) - A group of 19 attorneys general, led by Texas, has joined a U.S. Justice Department probe of a planned merger of American Airlines Inc and US Airways Group Inc , three sources close to the discussions told Reuters.
Microsoft entertainment head to be named Zynga CEO
SAN FRANCISCO (Reuters) - Games publisher Zynga Inc will replace chief executive Mark Pincus with Microsoft Corp executive Don Mattrick, who heads Microsoft's critical Xbox business, Zynga announced on Monday.
Tribune to buy 19 local TV stations for $2.73 billion
(Reuters) - Tribune Co said on Monday that it would acquire 19 television stations from Local TV Holdings LLC for $2.73 billion in cash, making it the largest TV broadcaster in the United States.
Analysis: After selloff, some dip toes back in emerging markets
NEW YORK (Reuters) - The threat of less central bank stimulus and higher interest rates has crushed emerging markets more than most assets in the past two months, in some cases slashing the value of stocks and bonds in developing countries to levels not seen since the last financial crisis.
EU charges banks with blocking exchanges from derivatives market
BRUSSELS (Reuters) - EU watchdogs have charged 13 top investment banks with blocking exchanges' access to the lucrative credit derivatives market, hitting the sector with the latest in a growing list of regulatory headaches.
Disney extends CEO Iger's tenure by 15 months to June 2016
LOS ANGELES (Reuters) - Walt Disney Co on Monday extended Bob Iger's tenure as the media company's chief executive by 15 months, allowing him to remain as both CEO and chairman through June 30, 2016.
Commodity investors race to adapt on fear of supercycle end
NEW YORK (Reuters) - Investors who have plowed some $400 billion into raw materials markets over the past 10 years are accelerating efforts to change their strategies, if not their allocations, on the growing belief the commodities "supercycle" has come to an end.
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