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Finance Latest News: Icahn Reiterates Commitment for Dell Buy

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Finance Latest News: Icahn Reiterates Commitment for Dell Buy

Finance Latest News: Icahn Reiterates Commitment for Dell Buy
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Finance Latest News: Icahn Reiterates Commitment for Dell Buy

Wochit 1:04 mins

Carl Icahn reiterated his interest in owning Dell Inc and said the $5.2 billion in financing he's putting together to back his bid for the company continues to move forward as planned, echoing statements he made earlier in an open letter to Dell shareholders. In a recent report, the National Mortgage Settlement monitor comes to the conclusion that more than a year after the nation's five-largest mortgage servicers signed a $26 billion legal settlement with 49 state attorneys general and the U.S. Department of Housing and Urban Development over blatantly improper foreclosure procedures, those banks still need to do better. After a months-long battle between Dish and SoftBank over Sprint, the satellite company abandons its $25.5 billion bid for the wireless carrier to focus on "completing the Clearwire tender offer."

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