Blackstone Group LP pulled out of bidding for Dell Inc. amid concerns about a worsening global PC slump, taking pressure off Chief Executive Officer Michael Dell to sweeten his original $24.4 billion buyout offer.
Selling anything but bailouts in many parts of Europe right now is a tall order. But at least one data point indicates that capital spending by telecommunications service providers -- which is often viewed as an early indicator of trends in the broader tech market -- may be loosening up.
Hewlett-Packard Co. rose the most in eight months after the world’s largest personal-computer maker announced plans to slice its workforce by 27,000 and reported quarterly sales and profit that topped estimates, buoying optimism for a turnaround.
Apple Inc. Senior Vice President Phil Schiller, seeking to steal thunder from his company’s main competitor in the smartphone market, touted the iPhone a day before Samsung Electronics Co. unveils its Galaxy S4.
Dell Inc. said it got proposals from Blackstone Group LP and Carl Icahn that may be superior to Michael Dell’s $24.4 billion buyout plan, putting pressure on the founder to sweeten his terms or switch allegiances.
Investors should sell Apple Inc. options because “the best technology company on the planet” may gain from more iPhone sales outside of the U.S. and selling ads on mobile devices including the iPad, Gleacher & Co. said.
Apple Inc. filed a U.S. trade complaint that seeks to block imports of Samsung Electronics Co.’s Galaxy S mobile phone and Galaxy Tab computer, days after asking a federal court to halt sales of the devices.