Amid dark forecasts on the PC market, especially for the future of Dell, Dell's buyout prospects may be on the rocks as well.
Industry
Cisco Systems pares down 5% of workforce
Cisco Systems announced it would be whittling down its workforce by 5%. Cisco Systems Inc announced it would be reducing its workforce by 5%. The move would affect 4,000 jobs.
India's INS Sindhurakshak sub explodes
India's INS Sindhurakshak exploded in Mumbai, killing up to 18 sailors trapped inside. India's Russian-made naval submarine exploded while moored in Mumbai.
Tata Steel 2013 stock is at 130%, now is the time for exit: broker
India's biggest producer Tata Steel is looking for a comeback with a 30% rise in share price this year, prompting an industry observer to suggest that investors sell their Tata stake now.
CBS - Time Warner dispute had gov't, regulators intervene
As the dispute over terms of the retransmission contract between CBS and Time Warner Cable rages on, government representatives and federal regulators are considering to take action to end the dispute at the soonest possible time.
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Italy's tax police determined that around $333.8 million of Salvatore Ligresti', his daughters' and the company executives' assets will have to be seized.
In an editorial on the Daily Telegraph, Prime Minister David Cameron gave his backing for hydraulic fracturing.
One of the first victims of the Snowden affair was the closure of secure email service provider Lavabit.
UN General Assembly President Vuk Jeremic lauded the strong growth posted by the Chinese economy. Vuk Jeremic, the President of the United National General Assembly, told Chinese media that the world's second largest economy was among those that posted the strongest growth globally.
French President Francois Hollande said he would continue to stimulate the jobs market to chip down the soaring unemployment numbers in the country.
A private survey revealed that China's PMI for the services sector showed signs of growth. The HSBC/Markit Purchasing Managers' Index (PMI) survey for the services sector in China showed signs of improvement.
President Barack Obama proposed the gradual elimination of Fannie Mae and Freddie Mac to speed up recovery in the housing sector.
Economists warned that while the economic reforms of President Enrique Pena Nieto are crucial to increasing wages, Mexicans would have to wait before impact would be felt.
Encrypted email platforms Lavabit and Silent Circle shut their services down after refusing to cooperate with the US government on data surveillance.
