Reuters - Video

EDITION: U.S. | U.K. | IN

Business

U.S. Morning Call: Bidding wars heat up for Dell and Sprint

Wednesday, Jun 19, 2013 - 03:01

Jun 19 - Carl Icahn promised shareholders that Dell would buy back up to $16 bln of stock if they join him; Softbank's closer to a Sprint deal.

▲ Hide Transcript

View Transcript

It's Wednesday let's kick off white -- with the Fed the clock is ticking and the market is again focused on 2 PM eastern. That's when that we'll talk about it today meeting following that big and Meet the Press. The markets are not asking too much of Bernanke there are not looking for a fancy excel spreadsheet to -- on the Fed every move. What as a sign on when the Fed will scale back its bond buying program. An analyst from BNP Paribas says the Fed's -- will clearly influenced trading action today. If Bernanke indicates that tapering as a way as a way lead investors will resume -- love affair with stocks a little longer. This morning US stock futures putting to a higher open. FedEx out with results just minutes ago it's seen as a Bellwether for the broader economy and today reported that revenue was pretty much on target. It beat expectations that earnings per share cost cutting measures are progressing but they're still seeing customers opting for their lower rates services internationally. FedEx has been -- UPS and earnings growth in recent quarters. The clock also ticking for billionaire investor Carl Icahn. Next month -- shareholders will vote on founder Michael Dell's move to take the company private. Icahn's latest move to block that did is a buyback promise he made to shareholders last night. Icons as Dell will buy back stock at fourteen dollars share as shareholders join in and voting in new directors of the company took. -- shares up slightly in the premarket to thirteen victory. I also solidifying his position at -- he bought nearly one billion dollars worth of shares from Dell's second largest shareholder southeastern asset management. But the delegate on 16% of the company. And another bidding -- moving stocks this morning Charlie Gergen and fish are retreating from the battle for Sprint's. Clearing the way for Softbank -- she's still in his quest for what could be the largest overseas acquisition by Japanese company in history. Shares are down 2% in premarket Softbank closing up 4% in our trade. If nothing else -- surrender make that other bidding war for Clearwire. Easier to follow. But this spring one piece of that company. Reuters tech summit in San Francisco how we're talking to Yelp CEO Jeremy stop it at 2 PM eastern. It was one of the few social media stocks tree above its IPO value more than we can say about FaceBook and Groupon. It debuted at 22 dollars a share in 2012 and it snapped -- close to 31 dollars. Also -- computing with executives from Amazon web services and Netflix. The cut. Off corporate centers. That fit -- Wednesday morning call remembered policy on Twitter at Reuters Insider and get more idiot at Reuters dot com slash Reuters TV. I'm Lisa Bernhard this is Reuters.

U.S. Morning Call: Bidding wars heat up for Dell and Sprint

Wednesday, Jun 19, 2013 - 03:01

Top News »

Investing 201 »

Arian Foster = BlackBerry? Arian Foster = BlackBerry?

Fri, Oct 25, 2013 - (3:16)

Don’t miss these red flags for IPOs Don’t miss these red flags for IPOs

Thu, Oct 10, 2013 - (2:34)

Copycat currency trading Copycat currency trading

Wed, Oct 02, 2013 - (2:28)

When to dump a winner When to dump a winner

Tue, Sep 24, 2013 - (1:55)

Where gold might again attract Jim Rogers Where gold might again attract Jim Rogers

Thu, Sep 19, 2013 - (2:05)

Why savings interest rates won't budge Why savings interest rates won't budge

Fri, Sep 13, 2013 - (2:09)

Buy local? ETFs try the trend Buy local? ETFs try the trend

Thu, Sep 05, 2013 - (2:42)

The better bond funds The better bond funds

Wed, Aug 07, 2013 - (2:40)

Best bargain in 40 years? European stocks Best bargain in 40 years? European stocks

Thu, Aug 01, 2013 - (2:24)

Invest like an activist Invest like an activist

Fri, Jul 26, 2013 - (2:49)

Money Clip »

3 things to do before disaster strikes 3 things to do before disaster strikes

Wed, Sep 18, 2013 - (1:39)

Your must-do money list Your must-do money list

Wed, Sep 11, 2013 - (1:24)

The worst "best" financial advice The worst "best" financial advice

Wed, Sep 04, 2013 - (1:42)

Forget gold: The case for REITs Forget gold: The case for REITs

Fri, Apr 26, 2013 - (1:19)

3 rules for buying a house now 3 rules for buying a house now

Thu, Apr 18, 2013 - (1:39)

“Stalking” your dream home - Money Clip “Stalking” your dream home - Money Clip

Wed, Mar 27, 2013 - (2:50)

3 hidden tax deductions - Money Clip 3 hidden tax deductions - Money Clip

Thu, Mar 21, 2013 - (1:33)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

Still missing – MH370 Still missing – MH370

Fri, Sep 05, 2014 - (2:05)

Images of August Images of August

Fri, Aug 29, 2014 - (1:00)

Burning Together Burning Together

Mon, Sep 01, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)