Month: July 2013

Dell said founder Michael Dell and private equity partner Silver Lake raised their buyout offer for the PC maker by 10 cents per share and were seeking to ease the voting requirements.

Steven Rhodes, the bankruptcy judge overseeing Detroit’s historic bankruptcy filing, has proposed appointing a federal judge as mediator, to hash out the most difficult disputes as the city struggles to resolve more than $18 billion in bond and pension obligations.

Dell said founder Michael Dell and private equity partner Silver Lake raised their buyout offer for the PC maker by 10 cents per share and were seeking to ease the voting requirements.

The success of President Barack Obama’s health care law may hinge on whether the best minds in advertising can reach one of the hardest-to-find parts of the population: people without health coverage. The AP’s John Mone has the story. (July 24)

House Speaker John Boehner says President Barack Obama’s economy speeches show he hasn’t been concentrating enough on job growth. Boehner says he welcomes Obama to the conversation and says the GOP never left it. (July 23)

This morning, UBS initiated coverage on shares of North Star Realty Finance (NRF) with a buy rating as the company is seeing the demand for commercial loans improving. With the buy rating, UBS set $13 price target.

State Judge Rosemarie Aquilina slows down process after ruling that the bankruptcy is unconstitutional and that she believes the case should be heard in state court.

The judge in the city of Detroit’s bankruptcy case ordered the first hearing in the case to take place on Wednesday to consider the city’s motion to confirm that the U.S. bankruptcy code protects it from competing lawsuits in the matter.

The tug of war over whether Detroit legally could file for municipal bankruptcy continues as the city seeks an initial hearing in U.S. federal court to put on hold challenges to the filing in Michigan court.

Stock index futures pared gains to trade flat, pressured by a decline in McDonald’s shares after its results and as investors booked profits after the S&P 500 index hit yet another closing high to end last week.