Finance Latest News: Icahn Sues Dell in Latest Attempt to Foil Buyout

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Finance Latest News: Icahn Sues Dell in Latest Attempt to Foil Buyout

Finance Latest News: Icahn Sues Dell in Latest Attempt to Foil Buyout
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Finance Latest News: Icahn Sues Dell in Latest Attempt to Foil Buyout

Wochit 0:54 mins

Activist investor Carl Icahn filed a lawsuit to try to block Dell Inc from setting a new record date ahead of a crucial shareholders' vote, raising the stakes in a battle to derail a $24.4 billion buyout of the world's No. 3 PC maker. It's hard to believe, but the S&P 500 went six entire sessions without hitting a fresh, new all-time high. But thanks to the Fed's dovish assessment of the economy, traders were given all the incentive they need. The Standard & Poor's 500 index broke through the 1,700 mark as data from around the world pointed to improving economic conditions.

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