Savings accounts for children linked with later financial success

(Phys.org) —A new series of reports based on research conducted at the University of Kansas shows that young people who have savings from an early age are more likely to maintain positive relationships with financial institutions, ...

Rethinking investment risk

Financial innovation is supposed to reduce risk—in theory, at least. Yes, new financial instruments based on the housing market helped cause the financial crisis of 2008. But in the abstract, those same instruments have ...

Dell's 2Q earnings fall 72 pct amid PC sales slide (Update 2)

Dell's woes worsened during its most recent quarter as the slumping personal computer maker resorted to rampant price cutting to slow a sales decline driven by a growing reliance on smartphones and tablets to connect to the ...

Dell's board deals blow to CEO's $24.4B buyout bid

Dell's board rejected CEO Michael Dell's attempt to change the voting rules for his bid to buy the slumping personal computer maker, a decision that is likely to doom the deal.

Investor contests condition in latest Dell offer (Update)

Billionaire investor Carl Icahn is renewing his attack on Michael Dell's leadership and warning that the latest offer from Dell to buy the struggling PC maker he founded bypasses an important shareholder safeguard.

Alcatel-Lucent plans overhaul, big cost cuts (Update)

Telecommunications equipment manufacturer Alcatel-Lucent launched a major effort Wednesday to boost its fortunes by shedding businesses and jobs as part of a deep cost cutting program.

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