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Latest Business News: Icahn Renews Call to Defeat Dell Buyout Offer as Vote Looms

Wochit 0:47 mins

Billionaire activist Carl Icahn renewed his call for Dell Inc stockholders to vote against a buyout offer from Michael Dell, amid reports that the company founder might not win enough support for his bid. The drop in June housing starts unwound the prior month's gains, suggesting a smaller boost from residential construction to second-quarter growth. U.S. Treasury Secretary Jacob Lew says delays in writing rules to put the financial overhaul law into effect have raised the prospect that taxpayers might again have to bail out big banks that fail.

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