The U.S. Navy’s Littoral Combat Ship lacks the robust communications systems needed to transmit critical data to support facilities ashore, according to an unreleased congressional audit, the latest in a succession of troubles for the $34 billion shipbuilding program.
Dell Inc. investor T. Rowe Price Group Inc. said it won’t support the proposed buyout of the personal-computer maker by founder Michael Dell and Silver Lake Management LLC, reiterating its opposition ahead of this week’s deadline to vote on the deal.
U.S. stocks surged, reversing most of yesterday’s plunge, and Treasuries sank as an unexpected drop in jobless claims and higher-than-estimated earnings tempered concern the economy is slowing as Europe’s debt crisis widens. The Swiss franc slid on plans to temporarily peg it to the euro.
Roger McNamee, managing director and co-founder at Elevation Partners and Brian Rogers, chairman and chief investment officer at T. Rowe Price Group talk with Bloomberg's Margaret Brennan on the immediate future of tech investing and the extraneous affects that could impact tech stocks. They speak on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg)
As JPMorgan Chase & Co.’s Jamie Dimon prepares for a vote tomorrow on whether he should keep his chairman and chief executive officer titles, he may take comfort knowing most of his biggest shareholders are led by men with the same dual role.