Latest Business News: ISS Backs Dell-Silver Lake Buyout Plan

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Latest Business News: ISS Backs Dell-Silver Lake Buyout Plan

Latest Business News: ISS Backs Dell-Silver Lake Buyout Plan
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Latest Business News: ISS Backs Dell-Silver Lake Buyout Plan

Wochit 0:49 mins

The $24.4 billion buyout plan by for the struggling computer maker Dell got a major endorsement, as the proxy advisory firm Institutional Shareholder Services endorsed it as the best course that shareholders should follow. The price of oil extended gains above $103 a barrel after a stronger-than-expected jump in U.S. hiring suggested demand for fuels will increase. Lloyds Banking Group shares jumped to a 2-1/2 year high as overseas investors stepped up their interest in buying part of the bank, with media reports suggesting some may want half the government's stake.

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