U.s. Banking Laws Unable To Stop Jpmorgan Loss: Republican Boehner

Icahn changes tack, seeks $16B Dell stock buyback NEW YORK (AP) — Activist investor Carl Icahn on Tuesday proposed a $16 billion share buyback in his latest effort to thwart Dell Inc. founder Michael Dell's effort to take the struggling computer maker private. Icahn, now the company's second-largest shareholder after buying 72 million shares from fellow activist investor Southeastern Asset Management Inc., wants the company to buy back up to 1.1 billion Dell shares at $14 apiece to boost shareholders' return on their investment. Dell and other personal computer makers have seen their sales crumble because of the growing popularity of smartphones and tablets. In a letter to shareholders on Tuesday, Icahn wrote that he's concluded that Dell's board will never accept his dividend proposal over Michael Dell's offer, and thus is pushing for the buyback to boost shareholder value.

Dish Network Corp. says a number of factors have made it impracticable for it to submit another offer to buy Sprint Nextel Corp. in time to beat a deadline set by the phone company.

In a bid to kick start Jamaica's chronically stagnant economy, the Caribbean country is wooing its citizens living abroad to invest in the island of their birth.