Finance Latest News: Stocks Drift Lower Before Fed Releases Minutes

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Finance Latest News: Stocks Drift Lower Before Fed Releases Minutes

by Wochit 1:06 mins

Finance Latest News: Stocks Drift Lower Before Fed Releases Minutes

by Wochit 1:06 mins

Stocks drifted lower ahead of the release of minutes from the Federal Reserve's latest policy-meeting. Federal Reserve officials expressed concern about how well the central bank was conveying its policy intentions to a jittery investing public, according to minutes from the most recent meeting. Billionaire investor Carl Icahn says he will ask a Delaware judge to assess whether a proposed $24.4 billion acquisition of Dell represents a fair price for the struggling personal computer maker. It is Icahn's latest attempt to wrangle a higher offer from buyout group that includes company CEO Michael Dell. In an open letter outlining the maneuver Icahn urged the rest of Dell's shareholders to exercise their right for a court appraisal to determine whether the Round Rock, Texas, company is worth more than the $13.65 per share that Michael Dell's group has agreed to pay.

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