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NEW YORK (Reuters) - Activist investor Carl Icahn and Southeastern Asset Management Inc have initiated talks with banks and asset managers to line up commitments for as much as $7 billion in bridge loans to back their leveraged recapitalization proposal for Dell Inc, banking sources told Thomson Reuters LPC on Thursday. Full Story
Top Headlines
Wall Street sags, but ends off session lows; HP hits 52-week high
Google faces new federal antitrust probe: source
Analysis: Markets face rough summer ride as Fed pullback feared
SAC lawyers met prosecutors to argue against charges
NEW YORK (Reuters) - Steven A. Cohen's lawyers made their best case argument a month ago to federal prosecutors about why the hedge fund billionaire and his SAC Capital Advisors should not be charged with criminal wrongdoing in a long-running insider trading investigation. Full Story
NEW YORK (Reuters) - Steven A. Cohen's lawyers made their best case argument a month ago to federal prosecutors about why the hedge fund billionaire and his SAC Capital Advisors should not be charged with criminal wrongdoing in a long-running insider trading investigation. Full Story
NYSE says AEP, NextEra trades stand after crash at open
NEW YORK (Reuters) - All trades in American Electric Power Inc <AEP.N> and NextEra Energy Inc <NEE.N> in a crash that happened in the first minute of trading on Thursday will stand, the New York Stock Exchange said, following the latest in a flurry of unexplained sharp drops in the market. Full Story
NEW YORK (Reuters) - All trades in American Electric Power Inc <AEP.N> and NextEra Energy Inc <NEE.N> in a crash that happened in the first minute of trading on Thursday will stand, the New York Stock Exchange said, following the latest in a flurry of unexplained sharp drops in the market. Full Story
Ally settlement may be a boon for ResCap bondholders
NEW YORK (Reuters) - While bond insurers MBIA Inc <MBI.N> and FGIC Corp receive the lion's share of Ally Financial Inc's <GKM.N> $2.1 billion contribution to the debts of mortgage lender Residential Capital LLC, hedge funds like Paulson & Co may have obtained a better deal. Full Story
NEW YORK (Reuters) - While bond insurers MBIA Inc <MBI.N> and FGIC Corp receive the lion's share of Ally Financial Inc's <GKM.N> $2.1 billion contribution to the debts of mortgage lender Residential Capital LLC, hedge funds like Paulson & Co may have obtained a better deal. Full Story
U.S. sees first drop in F-35 costs; other programs steady
WASHINGTON (Reuters) - The Pentagon on Thursday told Congress it expected a 1 percent drop in the cost of its biggest weapons program, the Lockheed Martin Corp. <LMT.N> F-35 fighter jet, while averting the huge cost increases seen on other weapons programs in recent years. Full Story
WASHINGTON (Reuters) - The Pentagon on Thursday told Congress it expected a 1 percent drop in the cost of its biggest weapons program, the Lockheed Martin Corp. <LMT.N> F-35 fighter jet, while averting the huge cost increases seen on other weapons programs in recent years. Full Story
