This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Dell to Go Private in $24.4 Billion Deal: Hot Trends

NEW YORK ( TheStreet) -- Popular searches on the Internet include Dell (DELL - Get Report) as the company agreed to go private in a $24.4 billion deal.

The deal involves a group including Microsoft (MSFT - Get Report), private-equity firm Silver Lake and Dell CEO Michael Dell. Michael Dell and Silver Lake are paying $13.65 a share in cash for the company. Shares of the computer maker closed Monday at $13.27 for a market value of about $23 billion.

The transaction is expected to close by the end of the second quarter of Dell's fiscal 2014.

Dell has been a publicly traded company for nearly 25 years.






UBS (UBS) is trending as Switzerland's biggest bank posted a loss of 1.9 billion francs ($2.1 billion) for the fourth quarter due to legal reasons following a $2 billion rogue trading scandal.

The company reported a profit of 323 million francs in the period a year earlier. UBS said the loss was mainly due to "net charges for provisions for litigation, regulatory and similar matters as well as net restructuring charges an an own credit loss."

The bank reported a full year loss of more than 2.5 billion francs for 2012, compared with a profit of 4.1 billion francs in 2011.

UBS also announced that it will buy back about 5 billion francs of its own bonds to reduce its financing costs.

UBS admitted to fraud in its Japanese unit for manipulation of the benchmark London interbank offered rateand agreed to pay $1.5 billion in fines to regulators. That followed its acknowledgement of a multibillion-dollar trading scandal involving a rogue trader at its London office.






BP (BP - Get Report) is another popular search. The company reported a 72% drop in profit for the fourth quarter on lower production due to sales of assets.

Also weighing on the company's results was its agreement to pay billions of dollars in fines to settle criminal charges over the Deepwater Horizon oil spill. Excluding the impact of asset sales the the oil spill settlement, BP had a profit of $3.98 billion, beating analysts' expectations of $3.3 billion despite dropping 20% from the year before.






The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.

-- Written by Brittany Umar.

Brittany joined TheStreet.com TV in November 2006 after completing a degree in Journalism and Media Studies at Rutgers College. Previously, Brittany interned at the local ABC affiliate in New York City WABC-TV 7 where she helped research and produce On Your Side, a popular consumer advocacy segment.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
DELL $0.00 0.00%
BP $43.70 0.67%
MSFT $48.06 -0.37%
UBS $21.54 5.80%
AAPL $127.18 -1.20%

Markets

DOW 18,046.51 -23.89 -0.13%
S&P 500 2,107.11 -7.38 -0.35%
NASDAQ 4,979.0580 -37.8710 -0.75%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs