HomeReuters Business Headlines – Michael Dell, GM, Apple Inc, US Federal Reserve, United AirlinesBusinessReuters Business Headlines – Michael Dell, GM, Apple Inc, US Federal Reserve, United Airlines

Reuters Business Headlines – Michael Dell, GM, Apple Inc, US Federal Reserve, United Airlines

Dell committee says Michael Dell deal better than Icahn proposal
A Dell Incorporated special committee said that the proposed Carl Icahn-Southeastern proposal presented a “significant liquidity gap” that could reduce a promised $12-per-share special dividend to as little as $8.50 and recommended stockholders vote for the cash offer from founder Michael Dell.

Treasury says to sell more GM shares to wind down remaining stake
The Treasury Department said it will begin another round of sales of the General Motors Co stock it acquired during the government’s bailout of the U.S. auto sector.

Penguin CEO takes stand in Apple e-books antitrust case
The chief executive of U.S. publisher Penguin testified that a provision in its e-books contract with Apple played a role in a decision to change its contracts with other retailers, such as Amazon.com.

Fed poised to evaluate bond buys, ‘fine tune’ tactics
The Federal Reserve is poised to evaluate and potentially make changes to its massive monetary stimulus, a top Fed official who is critical of the Fed’s bond-buying program said.

United Airlines says weak yen may hit capacity, pricing
United Airlines’ capacity and pricing of flights to and from Japan will be affected if the value of yen remains depressed, the company’s chief executive said on Tuesday. Jeff Smisek, CEO of United Continental holdings (UAL.N), told reporters in Chicago that the short-term effects of the currency’s fall were offset by the fact that many tickets were bought before the decline.



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