This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

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

Stocks in this article: DELL GS

NEW YORK ( TheStreet) -- Dell (DELL - Get Report) 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 - Get Report) 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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

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