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Inventor Musk to share plans for high-speed travel (Update)

Twice as fast as an airplane, cheaper than a bullet train and completely self-powered: that's the mysterious transportation system for which inventor and entrepreneur Elon Musk is promising to reveal design plans Monday.

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.

Icahn to seek court appraisal of $24.4B Dell deal

Billionaire investor Carl Icahn will ask a judge to assess the fairness of a proposed $24.4 billion acquisition of struggling personal computer maker Dell in his latest attempt to wrangle a higher price from a group of buyers ...

Sony chief says time needed to study proposal

Sony Corp. needs more time to study a key proposal from a U.S. hedge fund to spin off a part of its entertainment unit as a way to propel its fledgling revival, the chief executive told shareholders Thursday.

Dell: Investors offer short by $3.9B

Dell says a buyout offer from shareholder Southeastern and billionaire investor Carl Icahn is about $3.9 billion short of the amount needed to pay shareholders as promised and operate the business.

Carlos Slim company to buy US mobile phone firm

Mexican phone giant America Movil, owned by billionaire Carlos Slim, announced Monday that its US unit reached a deal to acquire US mobile phone company Start Wireless Group.

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