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

Wochit 0:55 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. General Motors, Ford, Chrysler, Toyota and Nissan all reported double-digit sales gains last month, clear signs that U.S. auto sales will remain strong into the second half of the year.

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