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Dell plans to negotiate with Blackstone Group and investor Carl Icahn over new bids that rival an acquisition offer from investors led by founder Michael Dell. A board committee believes the new bids could be superior to Dell's offer of $13.65 per share.
Chairman Ben Bernanke said the Federal Reserve's low-interest-rate policies are boosting growth and creating new markets for developing nations. Speaking at the London School of Economics, Bernanke defended the policies and stimulus efforts by central banks since the financial crisis.
The Securities and Exchange Commission said Monday it has approved a plan by the Nasdaq stock exchange to pay $62 million in reimbursements to investment firms that lost money because of technical problems during Facebook's initial public offering last year.
Indian unit of
Ford apologizesfor car ads
The Indian unit of Ford Motor Co. has apologized for advertisements decried as demeaning to women, including one depicting Italy's former Prime Minister Silvio Berlusconi with a trio of bound women in the trunk of a car. The ads appeared over the weekend on a website showcasing creative advertising.