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| China "resolutely opposes" U.S. curbs on IT imports: state media Friday, Mar 29, 2013 10:29 PM PDT By Megha Rajagopalan BEIJING (Reuters) - China expressed "resolute opposition" and "strong dissatisfaction" with a new U.S. cyber-espionage rule limiting imports of Chinese-made information technology products, state media reported on Saturday. The remarks underscore growing tension between the world's top two economies after the United States accused China of backing a string of hacking attacks on U.S. companies and government agencies. China says the accusation lacks proof and that it is also a victim of hacking attacks, more than half of which originate from the United States. ... Full Story | Top |
| Timeline: The long path to a Dell buyout Friday, Mar 29, 2013 06:45 PM PDT By Poornima Gupta and Greg Roumeliotis SAN FRANCISCO/NEW YORK (Reuters) - Dell Inc founder Michael Dell's efforts to take the PC company private began last summer with an idea pitched by its top institutional shareholder, Southeastern Asset Management. Here is a timeline of the discussions as disclosed on Friday in Dell's preliminary proxy statement: June 15, 2012 -- Southeastern Asset Management, which owns 146.5 million shares or about 8.4 percent of Dell, contacts CEO Michael Dell to suggest "a going private transaction" and expresses the fund's interest in participating in it. ... Full Story | Top |
| Dell warns of risks of remaining a public company Friday, Mar 29, 2013 03:34 PM PDT  By Greg Roumeliotis and Poornima Gupta NEW YORK/SAN FRANCISCO (Reuters) - Dell Inc warned on Friday that it would be dangerous to take on a lot of debt and remain a public company given its worsening profit outlook, in a sign that it views proposals from Blackstone Group LP and billionaire investor Carl Icahn as fraught with risk. The No. 3 maker of personal computers published a 274-page preliminary proxy statement to inform Dell shareholders of how a $24. ... Full Story | Top |
| BlackBerry wins dismissal of U.S. shareholder lawsuit Friday, Mar 29, 2013 02:38 PM PDT  By Nate Raymond NEW YORK (Reuters) - A U.S. shareholder lawsuit accusing smartphone manufacturer BlackBerry of seeking to fraudulently obscure its falling market position was dismissed on Friday. U.S. District Judge Richard Sullivan in Manhattan granted the company's motion to dismiss the proposed class-action lawsuit, finding the plaintiffs failed to adequately allege that the company or various executives had made deliberate and material misstatements. ... Full Story | Top |
| Analog Devices CEO dies of apparent heart attack Friday, Mar 29, 2013 01:58 PM PDT (Reuters) - Chipmaker Analog Devices Inc said its long-time Chief Executive Officer Jerald Fishman died on Thursday evening, following what appeared to be a heart attack. Fishman was 67. "This is a terrible loss for me personally and for all of us here at ADI," said Ray Stata, chairman of the board. "Jerry dedicated his entire career to building ADI into a great company one of which we all are enormously proud. Fishman, who joined Analog Devices in 1971 and rose through the ranks to become its chief executive Officer in 1996. ... Full Story | Top |
| Dell says leveraged recap would be risky Friday, Mar 29, 2013 01:18 PM PDT NEW YORK/SAN FRANCISCO (Reuters) - Dell Inc said on Friday a leveraged recapitalization would be fraught with risks for the computer maker and would be unlikely to offer as much value as the $13.65-per-share buyout agreed with founder Michael Dell and the private equity firm Silver Lake Partners. The analysis was part of a preliminary proxy statement published on Friday to inform Dell shareholders of how the $24.4 billion deal was put together, as well as what alternatives the company's board explored before it approved the deal. Under the deal, Michael Dell and his investment firm will own ... Full Story | Top |
| Proxy firms pile on pressure for better MetroPCS-T-Mobile deal Friday, Mar 29, 2013 12:58 PM PDT  By Sinead Carew NEW YORK (Reuters) - Proxy advisor Glass Lewis on Friday became the second firm to suggest that MetroPCS Communications Inc shareholders vote against a proposed merger with T-Mobile USA, adding pressure on Deutsche Telekom AG to sweeten the deal. The move by No. 2 proxy firm Glass Lewis backs efforts by two key activist investors to block the deal, the day after leading proxy firm ISS said shareholders should vote against the deal with T-Mobile USA, the U.S. business of Deutsche Telekom. ... Full Story | Top |
| Russia's MTS acquires stake in parent's bank Friday, Mar 29, 2013 05:28 AM PDT  MOSCOW (Reuters) - Russia's top mobile phone operator MTS said on Friday it has acquired a 25.1 percent stake in MTS Bank for 5.1 billion roubles ($164 million) by buying additional shares issued by the bank. The deal was concluded in accordance with the terms of an indicative offer between MTS, MTS Bank and their majority shareholder Sistema that were announced in October 2012. MTS now owns around 27 percent of MTS Bank, Sistema has a 65.3 percent stake, while the balance of shares is held by other minority shareholders, MTS said in a statement. ($1 = 31. ... Full Story | Top |
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