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
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Dell in Deal With Icahn to Cap Stake: Ahead of the Ticker

NEW YORK (TheStreet) -- Dell (DELL) said it struck a deal with billionaire activist investor Carl Icahn limiting his investment in the company.

Per the agreement, Icahn won't be able to own more than 10% of Dell's shares. He will be able to engage with other Dell shareholders, although he will be prevented from signing agreements with other shareholders that would result in a collective ownership of more than 15% of shares.

Icahn opposes a $24.4 billion proposal by founder Michael Dell and private-equity firm Silver Lake Partners to take the company private. Icahn and private-equity company Blackstone have made alternative offers designed to keep part of the company public.

Icahn owns a $1 billion stake in Dell.






Goldman Sachs (GS) reported quarterly earnings that beat expectations on higher revenue in its investment banking division.

The bank reported a first-quarter profit of $2.26 billion, or $4.29 per share, on $10.1 billion of revenue. That's up from $2.07 billion, or $3.92 per share, in the same quarter a year ago.

Analysts had expected earnings of $3.88 per share. .

The company's investment banking revenue rose 36% to $1.57 billion on high activity in commercial mortgages and leveraged finance. Goldman's investment bank also underwrote more stock and bond offerings. Its sale of some of its stake in the Industrial and Commercial Bank of China aided revenue from investing and lending as well.

CEO Lloyd Blankfein called the results "generally solid." But the bank warned that revenue could slow in the current quarter due to a lower transaction backlog.






The Census Bureau reported that housing starts jumped in March at a seasonally adjusted rate of 1.036 million.

That's the biggest rise since June 2008. The climb was driven by growth in apartment construction and continued strength in the housing market.

Single-family housing starts were running at a 619,000 rate, according to the report. February's single-family starts were revised up to a 650,000 annual rate from 618,000.

Stock quotes in this article: DELL, GS 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,424.85 +162.29 1.00%
S&P 500 1,862.31 +19.33 1.05%
NASDAQ 4,086.2250 +52.0640 1.29%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs