Dell's largest independent shareholder has teamed with activist investor Carl Icahn in another challenge to founder Michael Dell's $24.4 billion bid to take the struggling computer maker private.
Southeastern Asset Management and Icahn said in a letter sent Thursday to the Dell Inc. board that they want to let shareholders keep their stock and give them either $12 per share in cash or additional shares in a deal that keeps the company publicly traded. They said this would give shareholders a stake in future gains made by the Round Rock, Texas, company.
5. Microsoft touching up Windows 8 to address gripes - Friday, May 03, 2013
SAN FRANCISCO (AP) — Microsoft is retooling the latest version of its Windows operating system to address complaints and confusion that have been blamed for deepening a slump in personal computer sales.
6. Blackstone drops out of race to buy Dell - Friday, April 19, 2013
Buyout specialist Blackstone Group LP is dropping its effort to acquire Dell as the computer maker faces slumping sales in personal computers and worsening financial projections.
Blackstone and its partners said that because of those challenges, which surfaced after their bid was submitted last month, they have dropped a plan to buy most of Dell's outstanding stock for $14.25 per share. A letter from the group to a special committee of Dell board members was dated Thursday and disclosed Friday.
7. Stocks recover slightly, ending tough week - Friday, April 19, 2013
NEW YORK (AP) — Strong earnings from a pair of technology giants helped the stock market recover some of its losses Friday, a positive end to Wall Street's worst week in five months.
Microsoft and Google both beat earnings expectations, yields of government bonds ticked up and copper — a key industrial metal — continued its fall, losing 2 percent.
8. Vanderbilt’s Kinch to lead Tennessee Nurses Association - Friday, April 19, 2013
Jill Kinch, MSN, APN, advanced practice nurse team manager for Perioperative and Procedural Services at the Monroe Carell Jr. Children’s Hospital at Vanderbilt, has been appointed president of the Tennessee Nurses Association (TNA).
9. Dell, Icahn agree on a share ownership cap - Friday, April 12, 2013
Dell Inc. and Carl Icahn have agreed to cap his stake in the personal computer maker while the panel considers competing takeover bids from the billionaire investor, a group led by CEO Michael Dell and buyout specialist Blackstone Group.
10. PC outlook darkens as sales slump deepens in 1Q - Friday, April 05, 2013
SAN FRANCISCO (AP) — The ailing personal computer market is getting weaker, and it's starting to look as if it will never fully recover as a new generation of mobile devices reshapes the way people use technology.
11. Get started before graduation - Friday, April 12, 2013
It’s always been easy to get a job out of college if mom or dad is chairman of the board.
It’s even easier if the graduate is chairman.
The experiential learning trend on university campuses fosters the career aspirations of students by helping individuals create their own companies and nonprofits – sometimes before graduation – by focusing on finding suitable internships and through course integration.
12. Major Dell shareholder favors recent buyout offers - Friday, April 05, 2013
MEMPHIS (AP) — A major Dell shareholder is urging the slumping personal computer maker's board to scrap a $24.4 billion deal to sell the company to a group including CEO Michael Dell and pursue two competing bids instead.
13. SAC Capital portfolio manager arrested in NYC - Friday, March 29, 2013
NEW YORK (AP) — A senior portfolio manager for one of the nation's largest hedge funds was arrested Friday, accused of making $1.4 million illegally in a widening insider trading probe involving an investment company founded by billionaire businessman Steven A. Cohen.
14. Dell drama takes new twist with 2 new buyout bids - Friday, March 22, 2013
SAN FRANCISCO (AP) — The two new suitors pursuing Dell have a message for Wall Street: Don't allow Michael Dell to hoard potential gains from the PC maker's expansion into more profitable technology products and services.
15. US stocks fall on broad concern about Europe - Friday, March 22, 2013
Stocks reversed an early rise on Wall Street Monday as traders returned to worrying about the European economy.
Optimism about a deal to prevent financial collapse in Cyprus had briefly pushed the Standard & Poor's 500 index to within a quarter-point of its record closing high, but stocks soon turned negative.
16. Deal to sell Dell may be about to face competition - Friday, March 22, 2013
SAN FRANCISCO (AP) — Is Michael Dell's attempt to gain more control over his company about to turn into a financial tug-of-war?
The answer could come Friday. That's the end of a 45-day period that Dell Inc.'s board of directors set to allow for offers that might top a Feb. 5 deal to sell the personal computer maker to CEO Michael Dell and a group of investors for $24.4 billion.
17. Icahn signs confidentiality agreement with Dell - Friday, March 08, 2013
Billionaire investor Carl Icahn, who is fighting Dell Inc. founder Michael Dell's plan to take the struggling company private, is entering into a confidentiality agreement that would give him access to the computer maker's financial records.
18. Stocks creep up; Dow rises for seventh day running - Friday, March 08, 2013
NEW YORK (AP) — The stock market crept higher Monday, pushing the Dow Jones industrial average to its seventh straight day of gains.
Boeing was the Dow's top stock, surging 2 percent. A Boeing executive reportedly said he's confident the aircraft maker has figured out a fix for the battery problems that have grounded the 787 Dreamliner.
19. Icahn proposes alternative to Dell buyout - Friday, March 01, 2013
Billionaire investor Carl Icahn wants Dell Inc. to remain a public company and proposed rewarding shareholders with a large dividend payment instead of becoming private in a $24.4 billion buyout.
He says the amount being offered by a group led by Dell founder and CEO Michael Dell substantially undervalues the slumping PC maker.
20. Dell committee defends $24.4B sale as best choice - Friday, March 01, 2013
SAN FRANCISCO (AP) — The Dell Inc. committee that negotiated the slumping PC maker's $24.4 billion buyout is standing behind the deal despite the misgivings of major shareholders who believe the price is too low.
21. Home Depot leads Dow average higher - Friday, February 22, 2013
NEW YORK (AP) — A jump in home sales and strong earnings from Home Depot helped the Dow claw back more than half of its losses from Monday. Improving consumer confidence also brought back buyers to the market.
22. Dell earnings down 31 percent in 4Q - Friday, February 15, 2013
ROUND ROCK, Texas (AP) — Dell Inc. on Tuesday posted another quarter of declining sales and profits, the type of results that have disenchanted shareholders and prompted a buyout agreement.
23. Dow closes near all-time high - Friday, February 15, 2013
NEW YORK (AP) — Talk of more deal-making sent the stock market higher Tuesday, putting the Dow Jones industrial average within close reach of its all-time high.
Reports that retailers Office Depot and OfficeMax are discussing a merger came after big corporate deals for Heinz and Dell were announced in recent weeks. Some investors are betting that more deals could be on the way as buyers pay premium prices for publicly traded companies.
24. Merger activity stirs on Wall Street - Friday, February 15, 2013
NEW YORK (AP) — Companies are buying each other again.
This year was shaping up to be one of the biggest for mergers and acquisitions since 2007. Then, on Thursday, two more blockbuster deals were announced: A $11 billion merger between American Airlines and U.S. Airways, and a $23 billion takeover of ketchup maker H.J. Heinz Co. by a group including billionaire Warren Buffett.
25. Reduced Midstate role lessens impact of Dell move to buy back stock - Friday, February 15, 2013
It’s hard to say what impact the planned $24 billion leveraged buyout of Dell will have on the computer giant’s Middle Tennessee operations, a Morningstar analyst says.
But one thing is for sure: Any potential impact has been lessened because Texas-based Dell already has reduced operations in both Davidson and Wilson counties over the past several years.
26. Dell looks to calm shareholder concern over buyout - Friday, February 08, 2013
NEW YORK (AP) — Dell is trying to reassure shareholders about its proposed $24.4 billion acquisition by a group led by its founder, saying it considered a number of strategic options before agreeing to the deal.
27. Dell's founder strikes deal to turn it around - Friday, February 01, 2013
NEW YORK (AP) — It's easy to forget now, but Michael Dell was the Mark Zuckerberg of his day.
Hailed as a young genius, he created the inexpensive, made-to-order personal computer in his University of Texas dorm room and sold it straight to the public. In the 1980s and '90s, his face appeared on magazine covers, and well before he turned 40, he was a college dropout-turned-billionaire CEO, ranked alongside Bill Gates and Steve Jobs.
28. Dell to go private in $24.4B deal led by founder - Friday, February 01, 2013
SAN FRANCISCO (AP) — Slumping personal computer maker Dell is bowing out of the stock market in a $24.4 billion buyout that represents the largest deal of its kind since the Great Recession dried up the financing for such risky maneuvers.
29. Stocks rebound on home prices, earnings; Dow closes up 99 - Friday, February 01, 2013
NEW YORK (AP) — The stock market bounced back Tuesday following a surge in U.S. home prices and signs of recovery in Europe's economy. Strong earnings reports also helped power the gains.
The Dow Jones industrial average ended the day 99.22 points higher at 13,979.30, erasing a large part of its loss from Monday. The index traded above 14,000 during the day before falling back in the last hour.
30. Reports: Microsoft may invest in Dell buyout - Friday, January 18, 2013
NEW YORK (AP) — Microsoft has joined the negotiations to buy struggling computer maker Dell, according to media reports.
Both CNBC and The Wall Street Journal reported that Microsoft Corp. may invest some of the money needed to take Dell Inc. private after 25 years as a publicly traded company. Tuesday's stories cited unidentified people familiar with the negotiations.
31. Stocks edge higher as retailers rally - Friday, January 11, 2013
NEW YORK (AP) — Stocks edged higher on Wall Street after a rally in retail stocks offset concerns about flaring tensions in Washington over increasing the country's borrowing limit.
The Dow Jones industrial average ended the day up 27.57 points at 13,534.89. The Dow moved higher in the late afternoon after being down as much as 62 points in the early going.
32. Stocks little changed on Wall Street; Apple slides - Friday, January 11, 2013
NEW YORK (AP) — Apple held down the Standard & Poor's 500, pushing it further below the five-year high it reached last week, after the technology giant's stock sank following a report that demand for the iPhone 5 may be weaker than expected. The Dow Jones industrial average edged higher.
33. Stocks soar on Black Friday; tech leads the way - Friday, November 23, 2012
The stock market enjoyed some Black Friday cheer, rising sharply as shoppers braved the annual post-Thanksgiving rush. Major stock indexes closed one of their best weeks of the year.
Traders were encouraged by positive economic news from Germany and China, two engines of global growth. Technology stocks soared after a few weeks of selling. And early reports from retailers suggested strong consumer spending.
34. Stocks finish higher on optimism over budget talks - Friday, November 16, 2012
NEW YORK (AP) — Optimism that President Barack Obama and Congressional leaders will reach a deal on the budget deficit and avoid the "fiscal cliff" helped stocks notch their first advance in four days.
35. Windows 8 event a subdued affair, theatrics absent - Friday, October 26, 2012
NEW YORK (AP) — For a company that has launched products with Ringo Starr, Paul McCartney and Jay Leno — and has even paid to light up the Empire State Building in its signature colors — Microsoft's unveiling of Windows 8 on Thursday was a subdued affair.
36. Taiwan company fined $500 million for LCD price fixing - Friday, September 21, 2012
SAN FRANCISCO (AP) — A Taiwanese company was fined $500 million Thursday and its former president and executive vice president were each sentenced to three years in prison for their leading roles in a global LCD screen price-fixing conspiracy.
37. US demanding harsh penalties for price fixers - Friday, September 14, 2012
SAN FRANCISCO (AP) — The U.S. Department of Justice is demanding that a "remorseless" Taiwanese company pay a $1 billion fine and two former top executives each serve 10 years in prison for their roles as central figures in what prosecutors called the most serious price-fixing cartel ever prosecuted by the U.S.
38. Events - Friday, September 14, 2012
Free Legal Seminars at People’s Law School. Today's class covers “What to Do If You Owe Money or Returns to the IRS: Instructors will focus on questions and problems associated with taxes and the IRS.” Individuals can register for one or several classes through Nov. 15 on a variety of topics, including:
39. Stocks climb from lows after Fed signals help - Friday, August 17, 2012
NEW YORK (AP) — Investors drew some comfort Wednesday from signals that the Federal Reserve is worried about the slow pace of the U.S. economic recovery feels more urgency about providing help.
40. Events - Friday, August 03, 2012
Home-Staging Professional Course. Students can earn the ASP designation by attending this two-day course Aug. 14-15. Topics covered include improving your listing presentation, overcoming client objections to staging, marketing ideas and a staging techniques detailed lecture. Students will also view a slide show of before and after photos of what can be accomplished through staging and experience staging a home on the market with other class participants. After taking the course, agents will be able to market staging to their clients and provide better suggestions of ways to improve the home for listing presentation. 9 a.m.-5:30 p.m., Greater Nashville Association of Realtors, 4540 Trousdale Drive. Lunch provided. Information: gnar.org, 254-7516.
41. Top residential real estate transactions for June, 2012 - Friday, July 20, 2012
June 2012 real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.
Chandler Reports has been publishing Real Estate Market Data since 1968. That year, Chandler began collecting residential sales information for the Chandler Residential Report, considered the authoritative source for residential real estate sales information. Over the next three decades, the publications have been continually refined, enhanced and expanded, growing to include lot sales data, new residential construction and absorption information, and commercial sales. In 1987, Chandler Reports began one of the first on–line real estate market data services in the country, and is a nationally recognized leader in the industry. In 2004, Chandler Reports was purchased by The Daily News Publishing Co. In 2007, Chandler introduced RegionPlus, including property research for Nashville and Middle Tennessee. Visit online at chandlerreports.com.
42. Dell buying Quest Software for $2.36 billion - Friday, June 29, 2012
ROUND ROCK, Texas (AP) — Dell is buying Quest Software for about $2.36 billion, ending recent speculation about who the unnamed bidder was in a battle for the company with investment firm Insight Venture Partners.
43. Sharing tourism’s wealth - Friday, June 29, 2012
Sure, Nashville is major national tourist destination that attracts more than 11 million annually. But surrounding counties are in the process of building tourist empires of their own, using ever-increasing tourist-related tax revenues to strengthen their communities.
44. Internet group picks little-known executive as CEO - Friday, June 22, 2012
NEW YORK (AP) — A businessman with experience in building consensus will be the next CEO of the Internet agency in charge of contentious policies surrounding Internet addresses.
The Internet Corporation for Assigned Names and Numbers, which is pushing through a major change in the way Web and email addresses are structured and assigned, announced Fadi Chehade's appointment Friday. He will replace former U.S. cybersecurity chief Rod Beckstrom as chief executive.
45. Microsoft's 'Surface' tablet aims for productivity - Friday, June 15, 2012
LOS ANGELES (AP) — Microsoft unveiled a new tablet computer, Surface, that attempts to take advantage of one of the few criticisms of Apple's iPad — that it is better for consuming content than creating it.
46. Dell eyes more than $2B in cuts over 3 years - Friday, June 08, 2012
NEW YORK (AP) — Computer maker Dell Inc. is planning more than $2 billion in cost cuts over the next three years as its looks to transform its business so it can keep pace in the highly competitive technology sector.
47. US stocks end lower as Europe teeters; Dow off 77 - Friday, June 08, 2012
NEW YORK (AP) — U.S stocks skidded Wednesday as a looming election in Greece and the broader debt maelstrom in Europe provided an ominous backdrop.
Major market indexes wavered for much of the day but fell sharply after the finance minister of Cyprus warned that his country may seek its own bailout this week, stoking the uneasy feeling that the crisis is far from over.
48. Corizon announces new mental health officer - Friday, June 08, 2012
Corizon, a Brentwood-based provider of correctional healthcare solutions, has promoted Joe Pastor, M.D., to chief mental health officer.
In his new role, Pastor will supervise the Corizon Behavioral Healthcare team and provide consultation for patient care and mental health staff in jails and prisons. He also will consult with Corizon psychiatrists nationwide and serve on Corizon’s Specialty Panel of Physicians.
49. Ingram promotes Taylor to senior VP, controller - Friday, June 01, 2012
Ingram Barge Company has named Crystal Taylor senior vice president and controller.
She joined Ingram in 1993 as a staff accountant at Ingram Book Company. She transferred to Ingram’s marine group in 2003 as director of financial projects and was named vice president for finance and accounting in 2011. She will succeed Al Oldham, who is retiring. Oldham joined Ingram Barge Company in December 1989 and was promoted to senior vice president and controller in 2002.
50. Facebook CEO turns 28, IPO could be $100B gift - Friday, May 11, 2012
NEW YORK (AP) — He famously wears a hoodie, jeans and sneakers, and he was born the year Apple introduced the Macintosh. But Mark Zuckerberg is no boy-CEO.
Facebook's chief executive turned 28 on Monday, setting in motion the social network's biggest week ever. The company is expected to start selling stock to the public for the first time and begin trading on the Nasdaq Stock Market on Friday. The IPO could value Facebook at nearly $100 billion, making it worth more than such iconic companies as Disney, Ford and Kraft Foods.
51. Top residential home sales for March 2012 - Friday, April 27, 2012
Top residential sales for Davidson, Williamson, Rutherford and Wilson counties, as compiled by Chandler Reports.
Chandler Reports has been publishing Real Estate Market Data since 1968. That year, Chandler began collecting residential sales information for the Chandler Residential Report, considered the authoritative source for residential real estate sales information. Over the next three decades, the publications have been continually refined, enhanced and expanded, growing to include lot sales data, new residential construction and absorption information, and commercial sales. In 1987, Chandler Reports began one of the first on–line real estate market data services in the country, and is a nationally recognized leader in the industry. In 2004, Chandler Reports was purchased by The Daily News Publishing Co. In 2007, Chandler introduced RegionPlus, including property research for Nashville and Middle Tennessee. Visit online at chandlerreports.com.
52. Apple's next hot release: The dividend check - Friday, March 16, 2012
NEW YORK (AP) — Apple made computers sexy. Can it do the same for the musty old dividend?
Issuing a regular payment to your stockholders after years of just amassing cash used to be an admission that your company has run out of creative ideas to grow profits.
53. Microsoft's future riding on Windows 8 - Friday, February 24, 2012
SAN FRANCISCO (AP) — Microsoft is scrambling to preserve what's left of its kingdom.
Since the company released its Windows operating system in 1985, most of the sequels have been variations on the same theme. Not that it mattered much. Regardless of the software's quality, Microsoft managed to remain at the center of the personal computing universe.
54. Stocks lower a day after Dow's blip above 13,000 - Friday, February 17, 2012
NEW YORK (AP) — A day after Dow 13,000, investors took a break.
Stocks closed lower Wednesday for the first time in four trading days. The Dow Jones industrial average lost 27.02 points to finish at 12,938.67. The day before, it briefly passed 13,000 for the first time since May 2008.
55. Education foundation names new president - Friday, January 27, 2012
Natasha Kamrani, a former teacher, attorney, school board member and foundation executive, has been named the new president of the Nashville Public Education Foundation.
56. 7 charged in $61M single-stock insider trade case - Friday, January 13, 2012
NEW YORK (AP) — A hedge fund co-founder, a hedge fund portfolio manager, four financial analysts and a Dell Inc. employee teamed up in a record-setting insider trading scheme that netted more than $61.8 million in illegal profits based on trades of a single stock, authorities said Wednesday as they described a cozy network of friends in finance who made the most of their connections with corrupt employees of technology companies.
57. Waller Lansden’s Trost named top tax lawyer - Friday, December 30, 2011
State Tax Notes recently named Charles A. Trost of Nashville-based Waller Lansden Dortch & Davis, LLP, one of the country’s Top 10 Tax Lawyers of 2011. Trost serves as counsel for Waller Lansden and is a former Commissioner of Revenue of the state of Tennessee.
58. Transforming the East Bank - Friday, December 16, 2011
Minor league baseball could do something for Nashville that professional football hasn’t – transform the East Bank of the Cumberland River into a thriving business and entertainment hub.
59. Shoppers say 'ho-hum' not 'ho-ho-ho' to sales - Friday, December 02, 2011
Sale, schmale. Customers used to come running when stores cut prices. But these days, more Americans are becoming blasé about bargains.
Jennifer Beasley recently left a Toys R Us in Cary, N.C., unimpressed by the retailer's offers that day of 50 percent discounts on things like a $150 Sylvania tablet computer and a $45 My Baby Alive Doll.
60. Stocks fall broadly as oil tops $100 a barrel - Friday, November 11, 2011
NEW YORK (AP) — Stocks fell broadly in midday trading Wednesday as the price of oil topped $100 a barrel for the first time since July.
The jump in the price of crude could weaken the already U.S. fragile economy by raising costs for gas, heating oil and airline fuel. Oil futures jumped 2.7 percent to $102 a barrel as U.S. supplies dropped and a deal for a new pipeline threatened to cut them even more.
61. Metro awaits free-trade zone expansion ruling - Friday, March 11, 2011
Metro might have to wait a little longer to find out if the foreign trade zone it has requested will be approved.
The U.S. Foreign-Trade Zones Board is expected to rule during this year’s first or second quarter. An application for the 2,700-acre expansion, which includes Ozburn-Hessey Logistics warehouse space in LaVergne and industrial properties in Clarksville and Gallatin, was submitted to the board in November.
62. Job Wars - Friday, February 18, 2011
It’s on. The competition between Nashville and its suburban counties for jobs and business investment came out of the closet this month when Mayor Karl Dean promised Asurion Corp. $2.4 million in return for keeping its headquarters in the city and hiring 600 new workers.
63. York & Friends opens gallery in Belle Meade - Friday, January 14, 2011
Long-time art entrepreneur Ron York is opening York & Friends Fine Art Gallery off Harding Road in the former Made In France location.