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Thursday, September 12, 2013

Business Today: Dell to invest more on PCs, tablets after $25 billion buyout win

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09/12/2013
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Dell to invest more on PCs, tablets after $25 billion buyout win
AUSTIN, Texas (Reuters) - Michael Dell clinched shareholders' approval on Thursday for his $25 billion offer to buy and take Dell Inc private, ending months of bitter conflict with the company's largest investors and removing the uncertainty shrouding the world's No. 3 PC maker.
U.S. jobless claims fall; reading clouded by processing snafu
WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits appeared to drop to a near 7-1/2-year low last week but the decline was driven by two states that had trouble processing filings, making it difficult to get a clear read on the health of the labor market.
Wall Street ends lower with mining stocks weak
NEW YORK (Reuters) - U.S. stocks slipped on Thursday, ending seven straight days of gains by the S&P 500 as a drop in precious metal prices dragged mining shares lower.
Exchanges to report to SEC in 60 days on Nasdaq trading halt
WASHINGTON (Reuters) - U.S. stock exchanges officials met with regulators on Thursday to discuss the three-hour trading halt last month in Nasdaq stocks and agreed to report back in 60 days with recommendations on infrastructure and amendments to exchange rules.
AMR bankruptcy plan wins court approval
NEW YORK (Reuters) - AMR Corp's bid to emerge from bankruptcy won approval from a U.S. bankruptcy judge on Thursday, but implementation still requires resolution of U.S. government moves to block its proposed merger with US Airways Group Inc .
Central bankers, brokers snap at SEC's money-market proposals
NEW YORK (Reuters) - Heads of the 12 U.S. Federal Reserve regional banks on Thursday strongly criticized a component of a U.S. Securities and Exchange Commission proposal aimed at preventing runs on money-market funds, saying it did little to change current rules.
Retailers divided over Bangladesh factory victims compensation
BERLIN (Reuters) - A group of retailers and clothing brands failed on Thursday to establish compensation funds for the victims of two Bangladesh factory disasters, as many companies that sourced clothes from the buildings decided not to take part in the process.
Washington mayor vetoes wage bill aimed at big retailers
WASHINGTON (Reuters) - Washington Mayor Vincent Gray on Thursday vetoed a bill that would have forced big retailers to pay a premium over the local minimum wage, calling it "a job killer" for a city trying to lure Wal-Mart and other big-box stores.
Blackstone hopes Hilton would be worth $30 billion: source
(Reuters) - Blackstone Group LP is hoping the stock market will value Hilton Worldwide Inc at around $30 billion, including debt, a source familiar with the situation said, as the private equity firm filed papers on Thursday to take the U.S. hotel operator public.
Disney to buy up to $8 billion in shares in fiscal '14: CFO
LOS ANGELES (Reuters) - Media giant Walt Disney Co will increase its share buybacks to $6 billion to $8 billion in fiscal 2014, Chief Financial Officer Jay Rasulo told investors on Thursday, sending shares up 3 percent.
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