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| Dell shareholders convene a third time as buyout battle escalates Thursday, Aug 01, 2013 09:01 PM PDT  By Eileen O'Grady and Poornima Gupta ROUND ROCK, TEXAS/SAN FRANCISCO (Reuters) - Dell Inc shareholders convene for a third time on Friday to vote on CEO Michael Dell's $24.4 billion buyout, helping decide the fate of the No. 3 PC maker after months of dueling with Carl Icahn and other unhappy investors. The meeting in Round Rock, Texas, comes after two previous adjournments, when the company wasn't certain of gaining enough votes for what would be the largest buyout since the financial crisis. ... Full Story | Top |
| Australia boasts tourist boom, thanks to rugby Thursday, Aug 01, 2013 08:41 PM PDT SYDNEY (Reuters) - Australia boasted the largest ever rise in visitor arrivals in June as fans of the British and Irish Lions invaded the country to watch a one-in-12 year rugby test series. In a boost to the economy that might make up for Australia losing the series, arrivals from the UK surged 68 percent in June to a record 81,400. That helped lift overall June visitor arrivals by a thumping 7.6 percent on seasonally adjusted basis to 564,100, according to data from Australian Bureau of Statistics released on Friday. That was also the highest on record and up 10 percent from June last year. ... Full Story | Top |
| Asian shares buoyed by U.S. data, accommodative central banks Thursday, Aug 01, 2013 08:26 PM PDT  By Hideyuki Sano TOKYO (Reuters) - Asian shares advanced on Friday after brisk U.S. factory activity data and a commitment to easy monetary policy by European central banks and the Federal Reserve buoyed Wall Street to record highs overnight. Stirred by optimism on the U.S. economic recovery, the benchmark U.S. Treasuries edged closer to a two-year high and triggered a sharp rebound in the dollar from a six-week low hit against a basket of currencies on Wednesday. A strong reading in the upcoming U.S. payrolls data, due at 1230 GMT (8.30 a.m. ... Full Story | Top |
| Japan's deputy PM Aso says he won't resign over Nazi comments Thursday, Aug 01, 2013 08:17 PM PDT  TOKYO (Reuters) - Japan's Deputy Prime Minister Taro Aso said on Friday he has no intention of resigning over comments he made, but were later retracted, that were interpreted as praise for Germany's Nazi regime and Adolf Hitler's rise to power. The comments by Aso, who is also finance minister and a former premier, drew criticism from a U.S.-based Jewish rights group as well as in media in South Korea, where bitter memories of Japan's World War Two militarism run deep. ... Full Story | Top |
| AIG, Chinese group still in talks on $4.8 billion ILFC deal: sources Thursday, Aug 01, 2013 08:12 PM PDT  HONG KONG/NEW YORK (Reuters) - U.S. insurer American International Group Inc is still in talks about selling its aircraft leasing unit to a Chinese consortium after missing a July 31 deadline to close the $4.8 billion deal, sources said. AIG and the Chinese group are now aiming to close the deal by mid-August, said the sources, who have direct knowledge of the situation. Both parties had the option to shelve the deal if it did not close by July 31. AIG said on Thursday that as of August1, it had not received payment and the deal had not closed. ... Full Story | Top |
| Federal judge dismisses states' challenge to Dodd-Frank law Thursday, Aug 01, 2013 08:10 PM PDT By Casey Sullivan (Reuters) - A federal judge on Thursday dismissed a lawsuit challenging the constitutionality of several sections of the Dodd-Frank financial reform act, which had been brought by a group that included a small bank and 11 state attorneys general. Judge Ellen Huvelle of the U.S. District Court for the District of Columbia dismissed the lawsuit brought last year by State National Bank of Big Springs, Texas, the Competitive Enterprise Institute, the 60 Plus Association and 11 state attorneys general. ... Full Story | Top |
| Obama to nominate Deborah Lee James as Air Force secretary Thursday, Aug 01, 2013 08:09 PM PDT WASHINGTON (Reuters) - President Barack Obama intends to nominate defense industry executive and former congressional aide Deborah Lee James as secretary of the U.S. Air Force, the White House said on Thursday. James heads the technology and engineering sector at Science Applications International Corp and has been an executive with the company since 2004, the White House said. She was assistant secretary of defense for reserve affairs from 1993 to 1998. ... Full Story | Top |
| Cowell says new 'X Factor' panel reflects music's 'girl's world' Thursday, Aug 01, 2013 07:37 PM PDT  By Piya Sinha-Roy BEVERLY HILLS, California (Reuters) - After lackluster viewership ratings, Fox's reality singing contest "The X Factor" will enter season three with a revamped panel dominated by women that creator Simon Cowell says will reflect female artists' dominance in the music charts. "The X Factor," which Cowell created in Britain in 2004 and brought to the United States in 2011, suffered a drop in viewership in its second season, falling from an average of 12.5 million per episode in 2011 to 9.7 million last year. ... Full Story | Top |
| U.S. Senate confirms White, Stein, Piwowar to serve on SEC Thursday, Aug 01, 2013 06:55 PM PDT  WASHINGTON (Reuters) - The U.S. Senate on Thursday confirmed President Barack Obama's choices of Mary Jo White, Kara Stein and Michael Piwowar as members of the Securities and Exchange Commission. The Senate unanimously approved the nominees. White has been serving as chair of the SEC since April and with Thursday's Senate vote, she will be able to continue as a commissioner until mid-2019. Stein is an aide to Democratic Senator Jack Reed of Rhode Island, a senior member of the Senate Banking, Housing and Urban Affairs Committee. She replaces SEC Commissioner Elisse Walter. ... Full Story | Top |
| Obama nominates Senate aide for FCC Republican commissioner Thursday, Aug 01, 2013 06:32 PM PDT By Jeff Mason and Alina Selyukh WASHINGTON (Reuters) - President Barack Obama plans to nominate Senate aide Michael O'Rielly to fill the second Republican seat on the Federal Communications Commission, the White House said on Thursday, bringing the agency closer to operating at full capacity. The Senate has yet to confirm Democrat Tom Wheeler as the FCC's chairman and Senate Republicans have indicated they wanted to wait for O'Rielly's nomination to pair the two for a confirmation vote after the chamber returns from an August recess in September. ... Full Story | Top |
| Icahn sues Dell in latest attempt to foil buyout Thursday, Aug 01, 2013 06:11 PM PDT  By Poornima Gupta (Reuters) - Activist investor Carl Icahn sued Dell Inc and its board on Thursday, his latest attempt to derail a $24.4 billion buyout bid by the computer maker's founder and CEO Michael Dell. Icahn asked a court to block rule changes Michael Dell has proposed ahead of a shareholder vote set for Friday. Icahn and his affiliates also want the court to stop Dell from changing the record date by which shareholders must have purchased their shares in order to vote. ... Full Story | Top |
| Timeline: Dell's buyout: a topsy-turvy affair Thursday, Aug 01, 2013 06:11 PM PDT (Reuters) - The proposal by Michael Dell and Silver Lake to buy out and take private the world's No. 3 PC maker, Dell Inc, for $24.4 billion will be put to the test on Friday, when shareholders gather for a third time in Texas to cast their votes. Partnering with private equity house Silver Lake and Microsoft Corp, Michael Dell is offering $13.65 a share to take private the company he founded in a college dorm room in 1984 in what would be the biggest leveraged buyout since the financial crisis. ... Full Story | Top |
| U.S. shutdown battle begins as Republicans kill spending measure Thursday, Aug 01, 2013 06:10 PM PDT  By David Lawder WASHINGTON (Reuters) - A battle in Congress expected this fall over the budget and a potential government shutdown broke out early on Thursday as Republicans in the Senate effectively killed a $54 billion spending bill for transportation and housing projects. All but one Republican voted against the measure, denying it the 60 votes it needed to advance past a procedural hurdle. ... Full Story | Top |
| Fullscreen CEO George Strompolos on online video, monetization and the next Seth MacFarlane Thursday, Aug 01, 2013 06:04 PM PDT By Lucas Shaw NEW YORK (TheWrap.com) - Fullscreen CEO George Strompolos knows more about YouTube than most of the people that work there. As an early architect of the gargantuan video site's partner program, he brought many of the largest and most popular networks onto YouTube, from Smosh to Machinima. So it should come as no surprise that when Strompolos left Google, he built what now ranks as YouTube's second largest network in the United States, at least according to ComScore. ... Full Story | Top |
| WGA sets panel to decide Joan Rivers' fate in 'Fashion Police' flap Thursday, Aug 01, 2013 06:04 PM PDT By Todd Cunningham LOS ANGELES (TheWrap.com) - The Writers Guild of America East has determined the three-member panel that will serve as judges on a trial board convened to address charges facing "Fashion Police" host Joan Rivers. The Writers Guild says Rivers, a guild member, violated its bylaws by functioning as a writer at the same time that her writing staff - which is trying to force the E! Entertainment show to recognize them as WGA employees - is on strike. Penalties could be as severe as a fine or expulsion. ... Full Story | Top |
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