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Icahn changes tack, seeks $16B Dell stock buyback
Activist investor Carl Icahn on Tuesday proposed a $16 billion share buyback in his latest effort to thwart Dell Inc. founder Michael Dell's effort to take the struggling computer maker private. Icahn, now the company's second-largest shareholder after buying 72 million shares from fellow activist investor Southeastern Asset Management Inc., ...
NYC to offer free phone-charging stations in parks
It's a message busy New Yorkers hate to get: the low-battery message on your cellphone when there's no charger in sight. Now that could be a thing of the past. New York City has teamed up with AT&T to install 25 solar-powered charging stations for public use, available for free ...
Stuntwoman sues News Corp. over alleged phone hack
A woman who worked as a stunt double for Angelina Jolie sued Rupert Murdoch's News Corp. in Los Angeles on Tuesday, claiming she's a victim of a phone hacking scheme to obtain information about the actress. Eunice Huthart, of Liverpool, England, is the first person to sue the media company ...
Solar Power Chargers in NYC Parks
After Superstorm Sandy left so many New Yorkers without power, New York City and phone provider AT&T partner to install 25 solar powered charging stations over the summer. (June 18)
Boeing, Airbus Battle for Sales Supremacy
The Paris Air Show is a platform for the race for sales between Boeing and its European rival Airbus, which is hoping that the event sparks interest in its A350, its long-haul wide-body rival to the 787. (June 18)
Sprint sues to stop Dish Clearwire buyout
Sprint is suing to stop Dish Network's buyout of wireless data network operator Clearwire. The nation's third-largest cellphone carrier said the proposed deal violates the rights of Sprint and other Clearwire shareholders. Dish has offered to pay $4.40 per share for Clearwire, which has recommended that its shareholders approve the ...
With Samsung, Jay-Z's business continues to boom
He really is more than a businessman. Jay-Z's partnership with Samsung for his new album, "Magna Carta Holy Grail," is another sign of how musicians are finding new ways to push, sell and promote their music, and how the multiplatinum performer — who famously rapped "I'm not a businessman, I'm ...
Dreamworks strikes TV show deal in Germany
Dreamworks Animation, the studio that is home to Shrek, Kung Fu Panda and Madagascar, is making its way to Germany television under a deal with a children's television operator. Dreamworks and Super RTL announced a five-year television agreement Tuesday under which they will provide animated shows inspired by DreamWorks productions, ...
Hewlett-Packard puts Bradley in strategy role
Todd Bradley, the head of Hewlett-Packard Co.'s printing and personal computer business, has been appointed to a new position in charge of the company's strategy with a focus on China, the company said Tuesday. HP said Bradley, 54, will be in charge of strategic growth initiatives and will work with ...
US video game retail sales fall 25 percent in May
U.S. retail sales of video games, hardware and accessories declined 25 percent in May as demand for aging game consoles continued to fade and fewer new games launched compared with last year, according to market researcher NPD Group. NPD said late Monday that total video game sales were $386.3 million, ...
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