Bernanke defends low rate policies boosting world trade
Federal Reserve Chair Ben Bernanke argued that low interest rate policies support global growth and trade, countering claims of a beggar-thy-neighbor effect. He spoke at the London School of Economics amid ongoing stimulus from central banks since the 2008 crisis.
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Federal Reserve
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London School of Economics
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Dell faces higher bids as buyout offers mount
A Dell Inc special committee will negotiate with Blackstone Group and Carl Icahn over bids rivaling Michael Dell's 24 billion offer. Icahn proposes buying about 58 percent of Dell for 15 per share, while Blackstone values the company at over 14.25 per share. Duke Energy unveils a new logo after merging with Progress Energy last year as part of the merger branding rollout.
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Progress Energy
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Nasdaq approves Facebook IPO pay plan in 62 million reimbursement
The SEC approves Nasdaq’s plan to reimburse investment firms 62 million dollars for losses from Facebook’s IPO glitches. Facebook’s debut May 18 was delayed by technical problems at Nasdaq. Apple buys WiFiSLAM to boost maps and indoor navigation for 20 million, per WSJ.
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Securities and Exchange Commission
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