naturally, we turn to dell the shareholder vote, he railed against michael dell. then he went after the board. let's listen to. mostly, we have a completely dysfunctional. but i've never seen one as bad as this. >> i really mean it. i've never seen anything, where they actually go out and they skier their own shareholders. one guy wrote a headline that was perfect. he said they scared the dell out of shareholders and there was one guy that wrote it. i didn't write it. i wish i had thought of that. >> who know what is will happen. whether they have the vote. right? if dell does, if michael dell doesn't think he has the votes, the board can postpone it. >> they can try an turn some people around, but there are a lot of people that have come out and said they're not voting for dell, whether it's t rowe, vanguard, state street. the list is growing bigger. >> do you think the list holders, their end game they want a dell controlled by a carl icahn board that is levered up. they actually want that or they literally want an extra buck from michael dell? what is the real

. >> dell drama. today was supposed to be the day the future was decided but a key shareholder vote was delayed. what happens next? we have that and more tonight on "nightly business report" for thursday, july 18th. >>> welcome everyone. it is the heart of earning season and we heard from two of the biggest names in technology. that would be google and microsoft. seema modi is here to break down numbers. let start with google. >> let's start with microsoft, tyler. >> great. reported a huge miss on the bottom line with fourth quarter earnings with 66 cents a share. analysts estimate of 75 cents. revenues came in weak. microsoft has been hurt by on going weakness in the pc market and the on going consumer shift to tablets. amy hood says while the fourth quarter results were impacted by the decline in the pc market, we continue to see strong demand for the enterprise and cloud offerings. one bright spot, microsoft's entertainment and device business, which includes xbox game console, that business saw a

so it's up to dell. if he wants to go higher, the shareholders can go with him. >> carl, is there a role -- is there a role for michael dell at the company if, in fact, you do win this? >> if i win completely -- >> yeah. >> -- i mean, look, i have nothing against michael dell. i think he missed this turn. i think he's a smart guy. and, you know, look, if he stays with the company, there might be a role for him. there might be -- you know, there's peace, there's war, there's peace, and peace is always better in these things. so if that happens, it happens. i really do think that some operating people should be brought in. but that's something that i have to consider. >> carl -- >> leave it there. >> -- maria, one thing carl did want me to say, he's on twitter, and he's happy with it. tweeting a lot. >> -- a platform, coming up with the 10 worst boards in the country. it's a good buying opportunity to look at those guys that we're going to talk about on twitter. >> got it. >> all right. carl, i'm going to

i don't blame dell as much as the board. dell has something to gain. i can understand human nature. what the hell at board doing this for. they're giving it away. worse than that they should have made it a fair auction. we have all this money here. why don't we do a recap. now you hear the board is still going to protect the guy. here's what i think -- why i think i can win. because i honestly would say if you are an institution, why do you want this guy still running the company? he's brought the stock from 40 down to this number. so he mismanaged it. this board went and froze him out. you know there's an old saying that if you -- there's an sold saying that if i trust you, you fool my once, shame on you. fool me twice, shame on me. if they go for dell again, then shame on them. especially if i have a very good guy to run it or a good guy to run it. >> people raise the question, jim chanos was here today and he said i don't get it, i don't get what carl icahn and michael dell are doing. i guess they see a hewlett packard like hopeful turn around bu but i think it's a pipe dream. >>

dell is down. perhaps not as much as some may have anticipated if you are just joining us, appears to be a raise of a dime, but it is base on the special committee changing the way the vote goes so that you only have to have a majority of the shares voted which is easier to get to the per percentage line for the deal. but the dime, the special committee is not going there. we will see what happens. so august 2nd, if they don't miss the deadline to change the provision, what does dell do once the deal is voted down if it is voted down, do they em bar bark on a large buyback and substantially shrink the float to which they would float up mr. dell's position to come into a pr proxy fight with mr. icahn and we will think of that game theory. >> i think that the stock is at the final. >> and that is what you have to wonder. there he is. he is brilliant, i have to tell you. >> and silver lake is wondering if they have a liability down the road for a year or two from now. all crazy things, but right now,

it is decision day for dell. shareholders are gathering at the company's headquarters and scheduled to vote on michael dell's plan to take the company private. david faber at the new york stock exchange, and i'm carl quintanilla. and david says it is too close the call as they say in po politics, but a slew of inventor ris from verizon, and morgan stanley and ebay and a slew of others, but at this stage, david, what do we know? >> well, the votes are crazy and as i tweeted even crazier than usual is what people are telling me, carl. so i think that i'm loathe to conclude one thing or another in terms of who has changed their vote. we have seen reports out there, and yes, i had the information a while ago, but things can change back. in is not the typical go to the polling booth and vote. you can, if you are black rock say you are voting against and pull the vote and then say you are voting for and they can keep the polls open by the way for as long as they want if they get the special committee, if they get the o

dell immediately strikes back. this war of words like how dell stock is reacting. and speaking of big battling names, the legal showdown over billionaire steve cohen as ac capital has the scramble. charlie gasparino has them when we come back they will be here. weekdays are for rising to the challenge. they're the days to take care of business. when possibilities become reality. with centurylink as your trusted partner, our visionary cloud infrastructure and globalroadband network free you to focus on what matters. wi custom communications solutions and responsive, dedicated support,e constantly evolve to meet your needs. every day of the week. centurylink® your link to what's next. that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by utedhealthcare insurance company. like all standardized medicare supplement plans, ey pick up some of what medicare doesn't pay. and save you up to thousands of dollars in out-of-pocket cos. call

meaning michael dell. so we have wrought in a shareholder, intrepid c-uppercase-letter a president with 1.1 million dell shares, all kinds of shareholders institutional, individual taking sides right now. mark, let me get right to it. the two big offers are won by michael dell and the other is carl icahn. who are you going to vote for? >> i am voting for carl all the way. for me, michael dell bottom picked this. the shares traded at eight or $9. magically appeared and bid $30.65 with the help of his private equity friends in silicon valley. i think they are stealing the company from shareholders at this price. we are very conservative, you know, you look at the free cash flow of this business. it certainly dropped off as a pc business trailed off last year or so, but if you look back at 2000, dell computer has generated anywhere from three and half to $5 billion in free cash flow for 2013, pegging $2.8 billion. they generated three and a half to 5 billion. what would you pay to that? i think the offer is l

dell's shareholder vote, nobody expected, his michael dell's buyout deal dead? who is the winner and who is the loser? we have someone that advises dell share holders what to expect next and he will weigh in. liz: a heat wave brings scorching temperatures to every city in the nation. we have a ceo of one stock that is sizzling over the past year. we have pools corporation ceo and president. he joins news a fox business exclusive. has pool construction kept up with the housing market? she's always been able to brighten your day. it's just her way. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the me cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as t

the perception of dell is bad. and if you look at the numbers, look at the perception, i don't see the turn around. nobody is talking about what is the turn around story here. and that's the problem. >> i totally agree with larry. i think you -- we heard this morning about the weakness in tech earnings, globally, you know, today. if anything, that's, you know, going to encourage some of the waivers toward excepting more than rejecting. don't know if it is going to happen but it is good news rather than bad news for michael dell. >> does anybody feel about the future of the company now? >> this has become a trader's delight. what is going to happen is, you know, the stock could go down and you could see some heavy shorting if this doesn't go through. and then the shareholders could really get hurt here. so, you know, it is a real problem. i think if they take the deal at the $13.65, they can get out of the public limelight and shareholders will get some value. if it doesn't, it can get a lot worse. >> give us the fl

. >> dell shareholder says he will vote against the michael dell and silver lake bid. saying the offer is unreasonable and sets a bad precedent exploiting the price for the benefit of the ceo. he's saying of the icon proposal a reasonable way to exit at a better price for those who want to sell. they own nearly 13,000 shares of dell. let's go around the horn for reaction to this. josh? >> i think the thing with if you are an arbitrash guy you're in the stock. is this about getting michael dell to say, fine, 1550. the dell camp says there's no way they're going to do that. i have no insight as to whether or not that's poker or the reality. >> i guess they've gone on record and said that they will not raise their bid. july 18th is the shareholder vote. >> i kind of believe them because i would think when they were facing iss they have to put their best case forward to win iss and they didn't bump in the face of that and they did win. >> there's also a difference in those who may vote against the dell bid doesn't necessarily mean that they vote for the icon bid. i think t

to wipe but dell. megan whitmann -- the last few months, she can just crush dell. the market has really gotten hammered. given all these things about the fact the switch happened so fast that neither intel or microsoft, google last night, seems to have seeing the velocity. dell could be doomed perhaps even if it stays public. what if it used all its cash to buy the company or a huge chunk of it to take itself private. only a moron would take the chance with the debt that it would have to issue. right now, one of you, icahn or dell needs to bling. no one wants to be stuck holding this company. come on, guys. let it come down. eight bucks. that may be the best outcome either michael dell or carl icahn at this point has to hope for. stick with cramer. >>> snap chatting next week's show. there's always a bull market somewhere. promise to find it just for you. i will see you monday! are you working hard for your money, but your money isn't working hard for you? what you need to know. also, a "suze follow up." >> i was pretty honest with them -- brutally honest of, you k

dell shareholders accept the $224.4 billion buyout offer from michael dell and his backers, silver lake partners. dell's offer was countered by a competing offer from carl ikon, that would keep part of that pc maker public. accepting dell's offer won't be easy. one of dell's major shareholders called dell's bid unreasonable and says it exploits the company's weak share price for the personal benefit of the ceo. we shall see. >>> turning to our market focus, we begin with intel. this is a stock that dragged down the dow today. evercore partners, marked intel down to underperform citing unfavorable risk reward at current levels. investors sold intel at double the usual volume, and the stock closed more than 3.5% lower at 23.18. >>> facebook was a winner as it expanded access to graph search. this is a tool to find anything indexed on member's pages. facebook posted information for users on how to restrict graph search on their content. facebook gained almost 1.5% to close at 24.71. >>> price line.com reached a high, 1,010 a share. priceline has an improved competitive position. investors

well, to me, michael dell's bottom ticked this. he had some tax loss, the shares traded at 8 or 9 bucks, and he magically appeared and bid 13.65 with the help of his private equity friends in silicon valley. i, frankly, think they're stealing the company from liz: that's quite a statement, stealing the company from shareholders. you can see shares aren't there yet, not quite. $13.09 at the moment, moving higher by one and two-thirds on news that that vote was delayed. but fascinating to see. this is the one-month picture. if you looked at, say, for example, the five-month picture, this was a $26 stock. so you've got to look at this and see exactly what's going on. take a look. there it was. you know that many shareholders just want to get some of their money out at this point or back at least. closing bell ringing in 30 minutes. big name banks have dominated the earnings headlines this week, but we're talking to the ceo of a megabank that's flying under the radar, not weighed down by some of the baggage carried by much larger rival

>>> memo to michael dell and carl icahn. just walk away from dell. all will be forgiven. that's what i heard yesterday from all the tech companies i follow. dell's perhaps less than $9 a share. to the reality of this company and industry started out. first of all, if you listen to the conference call of intel, microsoft, you know that personal computers in a horrendous secular decline, meaning doesn't seem to be able to stop its decline. sure, some of it is being replaced by tablets and some by -- no chips so exciting to mean anything to most users. sure, the chips could keep getting smaller and smaller, but unless you work at nasa and want to put a man on the moon, you don't need that power. yes, intel says when it gets the in chip, maybe it will be a bump in the business, but it's more likely -- will come up with some cheaper devices and cut dell's profit margins to shreds. dell's selling big, color sets. the ones they can't even give away at best buy, except when you get your kids to college and they insist on the tv. that is if they even bother to hook one up. apple i

. >>> memo to michael dell and carl icahn. just walk away from dell. all will be forgiven. that's what i heard yesterday from all the tech companies i follow. dell's perhaps less than $9 a share. to the reality of this company and industry started out. first of all, if you listen to the conference call of intel, microsoft, you know that personal computers in a horrendous secular decline, meaning doesn't seem to be able to stop its decline. sure, some of it is being replaced by tablets and some by -- no chips so exciting to mean anything to most users. sure, the chips could keep getting smaller and smaller, but unless you work at nasa and want to put a man on the moon, you don't need that power. yes, intel says when it gets the in chip, maybe it will be a bump in the business, but it's more likely -- will come up with some cheaper devices and cut dell's profit margins to shreds. dell's selling big, color sets. the ones they can't even give away at best buy, except when you get your kids to college and they insist on the tv. that is if they even bother to hook one up. apple i

in fact carl icahn says, to us it seems no one has less confidence in dell than he dell himself. there are those who say, this is a company worth 23 buck as share? >> i think based on consensus estimate of about a dollar for the next 12 months, we think the stock is fairly valued in the 13 to $15 range which is the current public market valuation for like peer group companies like seagate and western digital. if you look at oracle, ibm and microsoft they trade at slightly higher multiple but i think the 13 to 15 is realistic given the near-term out look for the industry. ashley: why would the shareholders take this offer when there's a better one honking out there? >> no, i think in terms of operational challenges which have been highlighted by the iss report i think is the real thing. if you look at the carl icahn offer, the debt financing of five billion is predicated or dictated upon their slate of directors being nominated. a lot of contingencies in place whereas, this one is a clean offer and in terms of risk, there are up front risk in terms of investment required and there

dell itself. icahn was responding to comments from the company that hp's performance is superior to dell's and trends in the pc business could hurt dell's planned transformation into a profitable i.t. provider. dell stock is up .6%. still with us is nick x anders as well. when you look at the yur stock 600's provisions as well, how is it we're pushing out the recovery phase? that's kind of what we've seen in the last couple of years. how is this performance going to compare with that? >> it's interesting, look at the revisions this year versus the last two years they're a little more extreme. the last few years they've been in the magnitude of 5%. equity markets have had a similar sort of performance to this point. the difference in 2011 down 12%. 2012 ended up 15%. the main difference there being the fact that mr. draghi said he was going to do whatever it takes to stabilize the zone. he continues to say the same thing. and i would hasten to add that with negative growth it's not surprising that

top three were lenovo, hewlett-packard and dell. liz: we're bringing a top exec from lenovo to talk about that. >>> terry mack grawe stepping down as ceo and president of ma grawe hill financial. douglas peterson head of the s&p ratings services. he will succeed mr. ma grawe who will remain chairman. adam: nokia unveiled the newest lumia smartphone and the lumia will have a 41 mega pixel camera. it will launch with at&t july 26th t will be cost 300 bucks with a 2 year contract. liz: it is bright yellow. how about that? federal government had the biggest june surplus on record after receiving payouts from freddie mac and fannie mae. "after the bell" starts right now. adam: it is an historic day. we want to get right to the action. jason pride, glenmede director of investment strategy is cautiously optimistic about the market. he has three ways to make money. we want to hear those. scott bauer from the pits of cme. scott, we talked about gold. one saw a jump in gold because of short-covering. he is right or is he wrong? liz: okay. he

. >> scared the dell out of shareholders. there is just not enough support for michael dell's plan. dennis burman has been following this story. is this all about getting dell to sweeten its offer? >> of course, it's about getting dell to sweeten, tyler. the fact the stock is up means they're expecting a sweetened bid to come through. the reason it has not collapsed also means they think the deal is not dead. we're in a one-week period here, are the people behind the dell buyoutgoing to off buyout going to offer more or do they say, we're out of here? >> in the end, does the dell deal get done here? >> there are so many variables, but my gut says yes. there is so much at stake here for dell, the man, to get forth his idea of how this company will be evolving. i would say he's got to sweeten and that could come through in a number of ways. he could give the shareholders a little bit of the public company and keep that trading publicly while taking the rest of it private. >> if dell wins, does icahn lose? >> i would say yes, bu

dell shares are off by 3% today. so who's got the better deal, and what does it mean for the stock going forward? let's talk numbers on dell today. on the technical side, it's abigail doolittle, at the seaport group, and brian white, analyst topeka capital markets. brian, who has the better deal? carl icahn, michael dell, what do you do with the stock? >> it's definitely been a roller coaster of a ride this week. three major developments. carl icahn comes through with the financing he need, writes an open letter, $14 bid. then on wednesday, we heard special committee ask dell to raise their price, and today we're hearing that silverlake-dell will not raise their price. i think -- you know, i think carl icahn has the superior bid. a $14 price versus $13.65. if you look at the eps accretion, as he buys back the shares, it's significant. if you value it six times multiple, some of the eps numbers, like 372 to 555, you get 20 to $30. >> would you buy it here? >> i think it's good buy here. i think something will get done

the asset manager owns a decent 4.4% stake in dell. the company first came out against the buyout in february. shareholders vote again on -- they don't vote again, they vote on thursday. dell down 1.2% on monday. down a percent today in frankfurt. the world's biggest pc maker is trying to calm fears over growth. the main land's low pc penetration rate and beijing's urbanization drive, which they think will fuel demand. 40% of sales come from china. the shares traded modestly higher today in shanghai. >>> glaxo smithkline says it is deeply concerned by corruption allegations in china. they have accused the british drugmaker of being the ring leader in a multimillion dollar bribery scandal saying it used agents to bribe doctors and officials for sales. it is cooperating with authorities and stopped using travel agencies identified in the investigation. glaxo shares today off half a percent in london. >>> in japan, the nikkei ended hi higher. let's get more, joining us from tokyo, sushiko. >> fuji heavy industries rose 1.7% today after th

and then what happens with dell? >> well, then you go through the process of the buyout and dell will go through a painful turnaround as a private company. but michael dell has also the power to incur whatever he sees fit in terms of losses in the short term for the long run viability of his company. he's able to bring in hopefully leader that's sees from around the industry that he believes in. pay them and not face the scrutiny of shareholders. >> thanks. >> coming up, much more on the earnings reports. and dell as we just talked about postponing its shareholder meeting. we'll ask jim cramer what he thinks about that maybe when we go to the new york stock exchange. >> so much to ask him about came. today. >>> sttomorrow, quarterly repor from gm and 3 m. and plus live interviews with the ceos of duncan brands, southwest airlines and dow chemical. "squawk box" starts tomorrow at 6:00 a.m. eastern. wi drive a ford fusion. who is healthier, you or your car? i would say my car. probably the car. cause as you get older y

there is a lot more unsrnty ahead for dell. a lot of questions. what will happen between now and next week. will michael dell sweeten his bid and make it a higher offer to please shareholders and pass it through? or will he see carl icahn's offer in front of shareholders at the annual meeting. that's the big question. back to you guys. >> thank you so much. we are in the final stretch of trading. about 5 minutes before closing. a market higher off of the best levels. gain of the dow by 75 point. we have been up 118 earlier but we are about 5 minutes from the closing with bell. >> and by $15 million is nothing. should be a quiet close here. is the rally back on track or is another pull back on the way? what happened to the correction talk. we will get dennis gartman's take on this, coming up next. in today's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal t

dennis: breaking news on dell. billionaire investor carl icahn just releasing a statement on michael dell's sweetened offer. a live update from dell headquarters is coming next. first as we do every day at this time, look how oil is trading. you make a great team. it's been that way since e day you met. but your erectile dysfunction - itld be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you cabe more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek imm

does dell have the votes it needs? well michael dell is going to find out tomorrow when shareholders are expected to weigh in on his proposed 24 billion-dollar buyout offer with silver like. the same vote was supposed to happen last thursday but they pulled it actually at the last minute because of lack of support. six days later might end up being too soon. the "new york post" is reporting that dell might have to delay the vote yet again. this is killer. dell shares at this point basically flat, down just slightly. the meeting will happen tomorrow and fox business is all over it. adam shapiro is actually on his way to the airport now to report live from dell headquarters in round rock, texas. he will be there all day tomorrow and thursday. michael cross, michael dell excuse me, saying a lot of novinas if this doesn't happen. not looking good though. dennis: if you didn't like the deal, might go ahead and sell out of dell anyway. that might be your vote. >>> we're also on baby watch waiting for the most famous brit in

. >> let's send it over to she ma mody for a quick market flash on dell. >> dell announcing today's special meeting of shareholders was adjourned to provide additional time to solicit proxies from dell shareholders. the vote has been pushed out to july 24th. in response southeastern asset management and carl icahn said, quote, we believe this delay reflects the unhappiness of dell stockholders with michael dell/silver lake offer which we believes substantially undervalues the company. they said this is not the time for delay but the time to move -- the time for dell to move forward. dell shares up about 2%. scott? >> thanks. josh, see what happens now. >> we'll see what happens now. >> maybe he bumps. do you think he bumps? >> i guess i don't know what he will do. if i were him, why not? who wants to deal with this anymore? >> proxy fight, who knows. >> why would he want -- who wants to tussle with carl icahn for longer than they have? bump the price, get the deal done, or stop it already. >> icahn also, this, of course, coming from delivering alpha yesterday, he weighed in on netflix and w

dell silver lake transaction. again, we have been watching everything that they have been saying about this. icahn has been very up in arms about this for some time. august 2nd is when we are expecting to see that second meeting for that. the special committee is going to be hearing more about this. but as you know, michael dell raised his bid last week. we will continue to hear more. joe. >> about a fifth of the s&p 500 companies are due to report quarterly results this week. big oil, including bp, exxon and chevron will post results. out of the companies that reported so far. 68% boat estimates, 56% have beaten top line forecasts. we get a preview of tomorrow's big names coming out in pharma in just a couple minutes. we got american, pfizer both due out before the bell tomorrow. >> we also have a few deals to start this week. global ad agency google assist and omni con announcing a $31 billion tie out billed as a merger of equals. it could bring rival accounts like coke an pepsi under the same roof. speaking at

well for dell. they don't believe that they will get the support of iss. we will see again, and if iss does not support the dell bid, the shareholder vote may well go against mr. dell, and hence, will he consider raising? that is a question i put to mr. icahn yesterday in an interview on cnbc. >> there is no way that ki predict what michael dell will do. i don't know if he will or won't frankly, but we wanted to be involved in the company. we think that there is great potential in it. i think that there's been a lot of drum beating that the p.c. business is falling apart, and when people tell you that it is no good and bad, that is when you buy. the old graham/dodd flphilosoph. i don't think that the p.c. business is over, but it has been curtailed quite a bit, but pcs in offices are not going away. >> people tell you sit no good and bad, that is when you buy, and it has worked out extraordinarily well for mr. icahn, one of the great investors out there, and if he does succeed in getting more from m

dell silver lake buyout proposal. this, this is a negative for carl icahn. of course the billionaire financeer who is working with southeastern. they believe, carl icahn and company they believe they are very confident that many of dell's significant shareholders share the carl icahn part of it. ashley: he would say that, wouldn't he? liz: yeah. but he doesn't just mouth off. ashley: no, no. obviously has some, some, you know, weight behind him let's put it that way but interesting development as you saw dell moving slightly lower was it in after-hours. liz: barely in the after market session. it moved up 3% during the session. keep in mind, the major vote is coming up in about two weeks. ashley: that's right. chaos in cairo we know is casting a dark cloud over the egypt's economic outlook so can the companies bounce back. a billionaire in egypt founder of the egyptian opposition party will join us next. liz: we have new insights you can't afford to miss today. we talk to a airline analyst about stocks set to take off

a major shareholder in dell believes it's safer to sell the computer company to founder michael dell. he's offered to buy out and take the company private for $13.65 per share. dell shares bounced 3% to close at $13.44 monday. billionaire investor carl ichan, the second largest shareholder in the company, is making a $14-per- share bid for dell. the company's shareholders' meeting is set for july 18th. a six-month fight has ended with clearwire shareholders giving the green light to sprint's takeover bid. the deal gives sprint valuable access to the frequencies that mobile devices use to connect to networks. once complete, sprint will have more spectrum than verizon and at&t. sprint is paying $5 per share. that puts clearwire's value at about $14 billion. in san francisco, it's a better commute to work today. unionized bay area rapid transit workers and management have reached a temporary agreement to keep the mass transit system running at least until august. the compromise will extend the current contract for workers 30 days. during that time, negotiations will continue to resolve d

founder michael dell increased his buyout butt for tout by 10 share. they call it the final and best proposal. it comes as dell's bored pushed back the shareholder vote for august 2nd. it was scheduled for tonight. >>> defense stocks in market focus tonight. despite the sequester and military wind down in afghanistan, defense firms are setting new highs. estimates thanks to better margins the and company raced the four-year forecast. shares touched a new all-time high before closing at 90.30, up 2%. boeing also hit a new high as the commercial plane revenue jumped 15%. profits up 15%, more than the expected and boeing raised it full year guidance. shares dropped after that high, down less than 1% to $106.95. >>> another new high more than two years for ford motor reporting a 15% jump on revenues on ford f-150 pickups. ford put polish on the full year outlook, as well. investors bought the news on volume as ford gained 2.5%. it closed at $17.37. ford, by the way, up more than 90% in a year. >>> the other way, caterpillar dragged down the dow as profits

michael dell said he won't sweeten the $24.4 billion bid to take the company private. he's evidently willing for now to take his chances his bid will win the favor of share holds and the firms that advice institutions on how to vote their shares. a rival bid carries a higher per share price. that offer for a portion of the company would leave a chunk of dell still trading on the public markets. investors didn't like the news today and dell shares closed 2% lower today. >>> amazon.com, the world's largest online book saler is making news onbook authors and publishers aren't happy about it. after years of lowering prices on books to under cut the brick and mortar competitors, amazon is so dominant it's offering smaller discounts on some books a or slower settling titles, in discounts at all. >>> as college costs skyrocket, jobs hard to come by, many recent grads are wondering are their degrees worth it? but first, how the international markets closed today. >>> with worries about 1 trillion in outstanding student loan debt a lot are wondering if college is right for ever

shareholders to take ceo michael dell's offer. michael dell wants to buy out the tech company for $13.65 per share and take the company private. billionaire investor carl ichan is putting up a strong fight to counter the deal. the investigation into last week's fire onboard an ethiopian airlines boeing 787 is reportedly focusing on a transmitter made by the u.s. firm honeywell. honeywell has joined the investigation in london. the probe is looking at several possible components that may have caused the fire. overheating lithium ion batteries had caused the grounding of the entire dreamliner fleet earlier this year. drug companies are likely on pins and needles this week. industry watchers are expecting more fallout following accusations against drug company glaxosmith kline. it's been accused of operating a corruption scheme that ultimately manipulated drug prices in china. analysts say there are signs that china's government will crack down on bribery investigations, which could potentially put many big pharma companies in the sp

dell shareholders vote today on whether to take the company private. the vote is expected to be extremely close, as michael dell offers $13.65 per share to take the company private. yesterday, billionaire investor carl icahn reiterated his stance that michael dell's offer undervalues the company. meanwhile, bloomberg reports dell's pr director has left the company to pursue "another exciting opportunity." our cover story today explores the first steps toward a lawsuit against boeing, the manufacturer of the the asiana 777 that crashed in san francisco a week-and-a-half ago. reportedly, passengers describe emergency equipment that may have malfunctioned. passengers aboard asiana flight 214 that crashed in san francisco, killing three people and injuring 180 others, describe seats that tore loose, collapsing onto passengers, and two evacuation slides that depolyed inside the aircraft, pinning two fight attendants underneath. "most of them had fractures and spinal cord injuries." in chicago, kelly's law firm filed a petition for discovery meant to preserv

michael dell and silver lake put over dell. they were beefing up that by 10 cents to 13.75, in hopes the way voting would be done would be done in a more favorable way excluding, including michael dell's shares. however carl icahn has been very vocal says you can't just change the rules much and so going foreward the special committee has decided that they're not going to change those voting rules at all and the meeting will be held on friday. so this doesn't bode well for michael dell and his takeover team at all and, so we've seen the shares dropping today as i said, the lowest since january when this whole thing started. david: very good. nicole, thank you. not very good for dell anyway. >>> the fed releasing a statement saying it sees modest growth in the economy. this is a change from previous statements where the fed saw moderate growth. this is a downgrade, essentially of the economy. so does this or any other language in that statement give any clues about when the fed will begin tapering its bond buying? joining me, ge

michael dell said he won't sweeten the $24.4 billion bid to take the company private. he's evidently willing for now to take his chances his bid will win the favor of share holds and the firms that advice institutions on how to vote their shares. a rival bid carries a higher per share price. that offer for a portion of the company would leave a chunk of dell still trading on the public markets. investors didn't like the news today and dell shares closed 2% lower today. >>> amazon.com, the world's largest online book saler is making news onbook authors and publishers aren't happy about it. after years of lowering prices on books to under cut the brick and mortar competitors, amazon is so dominant it's offering smaller discounts on some books a or slower settling titles, in discounts at all. >>> as college costs skyrocket, jobs hard to come by, many recent grads are wondering are their degrees worth it? but first, how the international markets closed today. >>> with worries about 1 trillion in outstanding student loan debt a lot are wondering if college is rigfor everyon

the pressure is on at dell. today, shareholders are expected to vote on whether they should go along with founder michael dell's offer of $13.65 per share to take the company private. billionaire investor carl ichan is proposing a deal that pays $14 per share and keeps the computer company publicly-traded. the wall street journal reports a special dell committee is making last- ditch attempts ahead of the meeting to sway investors to take michael dell's offer. in today's cover story, if you're a blue-collar worker without any college, you may be quoted a higher auto insurance rate than someone with more education. the non-profit consumer federation of america found five insurance carriers that it says use education and occupation as factors in determining insurance rates. in chicago, for example, one carrier quoted a factory worker with a high school diploma more than $1,000 a year for car insurance - 21% more than a college-educted plant supervisior in chicago would pay. "if they are rich and earning more, that