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Ford Raises Forecasts as North America Leads Earnings Beat

2013-07-24 21:01:54| Automakers - Topix.net

Ford Motor Co., the second-largest U.S. automaker, earned more than estimates and raised its full- year profit forecast as the Focus compact and Fusion sedan led a stable of more competitive cars from the Detroit Three.

Tags: north america leads north america

 

Michael Dell raises buyout offer for Dell

2013-07-24 16:31:21| InfoWorld: Top News

Michael Dell has raised his offer to take Dell private by $0.10 per share, to about $24.7 billion, after the company was forced to delay a vote because stockholders seemed inclined to reject the bid. The new bid of $13.75 per share from Michael Dell and Silver Lake Partners prompted the company to adjourn the special stockholder meeting for a second time while a special committee of the board of directors evaluates the new bid. The meeting will be reconvened at 9 a.m. Central Time on August 2, the special committee said Wednesday.

Tags: offer michael dell raises

 
 

Dell CEO raises bid for company

2013-07-24 16:29:00| Telecompaper Headlines

(Telecompaper) Dell has received an improved takeover offer from founder and CEO Michael Dell and investment firm Silver Lake. This raises the price offered to USD 13.75 per share in cash, from USD 13.65 previously. The higher offer is dependent on a change in the shareholder vote terms to require only a simple majority to approve the deal, excluding Mr Dell and other shareholders affiliated with the bid and abstentions. The bidders said this is their final offer and it will not be increased again. The success of the bid led by the CEO has been in doubt after investor Carl Icahn formed an alternative consortium offering USD 14 per share, rising to as much as USD 15.5-18 with associated warrants. Due to the revised proposal, the company has delayed its planned shareholder vote on the takeover again, to 02 August. The special committee formed to evaluate the offers has not issued an opinion on Mr Dell's new bid yet, but previously it backed his proposal.

Tags: company dell bid ceo

 

United Technologies raises low end of outlook on aerospace strength

2013-07-23 15:10:12| Paper - Topix.net

United Technologies Corp, the world's largest maker of elevators and air conditioners, raised the bottom end of its 2013 earnings forecast on Tuesday, citing its growing confidence after a jump in customer orders and round of cost cuts.

Tags: end united low technologies

 

LiquidPiston raises additional $6.5M for X Engine

2013-07-22 16:30:21| Green Car Congress

Tags: additional engine raises 65m

 

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