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Archive for July, 2013

Dell rejects revised bid, but with a giant escape clause

Wednesday, July 31st, 2013

Dell’s special committee this morning rejected a new buyout proposal from Michael Dell and private equity firm Silver Lake, which would have raised their offer from $13.65 per share to $13.75 per share in exchange for a voting rules change that would have excluded all abstentions .

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Tech Test: New phone upgrade plans akin to renting

Wednesday, July 31st, 2013

John Legere, CEO of T-Mobile USA, speaks during a July 10 news conference in New York about the company’s Jump installment plan that allows customers to upgrade their smartphones more easily, for a fee.

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Time Warner Cable pulls back from CBS blackout for now

Tuesday, July 30th, 2013

Time Warner Cable agreed on Tuesday to keep the CBS network on the air in New York and other cities after initially announcing a blackout when the two sides failed to reach an agreement on fees.

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Wipro shares jump over 9% on smart Q1 results, guidance

Monday, July 29th, 2013

Shares of Wipro, the country’s third- largest software exporter, surged over 9 per cent after the IT major reported an 11 per cent rise in June quarter profit and said it was upbeat about demand for its outsourcing services.

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