Dell Considers IPO, Billionaire Investor Bets on Nike
U.S. computer giant Dell is reportedly considering a major shake-up, which could include an acquisition or an IPO. The board, under pressure to increase growth, will meet this month to explore its options. Talks for a potential IPO are still in the early stages.
Bill Ackman's Pershing Square Capital is betting big on Nike. The activist investor recently revealed that he took a passive stake in the sneaker company in October. Ackman reportedly isn't interested in changing the path Nike is on, but rather believes in the current strategy for the company.
Canadian pipeline operator Enbridge is planning to purchase three gas distribution companies from Dominion Energy for $9.4 billion in cash and assume $4.6 billion in debt.
United Airlines said Tuesday it repaired a technology glitch that had forced it to halt departures nationwide, briefly crippling one of the nation's biggest carriers on a busy travel day.
The U.S. government is taking a big step toward forcing a defiant Tennessee company to recall 52 million air bag inflators that could explode, hurl shrapnel and injure or kill people.
