Jun 19 - Carl Icahn promised shareholders that Dell would buy back up to $16 bln of stock if they join him; Softbank's closer to a Sprint deal.
It's Wednesday let's kick off white -- with the Fed the clock is ticking and the market is again focused on 2 PM eastern. That's when that we'll talk about it today meeting following that big and Meet the Press. The markets are not asking too much of Bernanke there are not looking for a fancy excel spreadsheet to -- on the Fed every move. What as a sign on when the Fed will scale back its bond buying program. An analyst from BNP Paribas says the Fed's -- will clearly influenced trading action today. If Bernanke indicates that tapering as a way as a way lead investors will resume -- love affair with stocks a little longer. This morning US stock futures putting to a higher open. FedEx out with results just minutes ago it's seen as a Bellwether for the broader economy and today reported that revenue was pretty much on target. It beat expectations that earnings per share cost cutting measures are progressing but they're still seeing customers opting for their lower rates services internationally. FedEx has been -- UPS and earnings growth in recent quarters. The clock also ticking for billionaire investor Carl Icahn. Next month -- shareholders will vote on founder Michael Dell's move to take the company private. Icahn's latest move to block that did is a buyback promise he made to shareholders last night. Icons as Dell will buy back stock at fourteen dollars share as shareholders join in and voting in new directors of the company took. -- shares up slightly in the premarket to thirteen victory. I also solidifying his position at -- he bought nearly one billion dollars worth of shares from Dell's second largest shareholder southeastern asset management. But the delegate on 16% of the company. And another bidding -- moving stocks this morning Charlie Gergen and fish are retreating from the battle for Sprint's. Clearing the way for Softbank -- she's still in his quest for what could be the largest overseas acquisition by Japanese company in history. Shares are down 2% in premarket Softbank closing up 4% in our trade. If nothing else -- surrender make that other bidding war for Clearwire. Easier to follow. But this spring one piece of that company. Reuters tech summit in San Francisco how we're talking to Yelp CEO Jeremy stop it at 2 PM eastern. It was one of the few social media stocks tree above its IPO value more than we can say about FaceBook and Groupon. It debuted at 22 dollars a share in 2012 and it snapped -- close to 31 dollars. Also -- computing with executives from Amazon web services and Netflix. The cut. Off corporate centers. That fit -- Wednesday morning call remembered policy on Twitter at Reuters Insider and get more idiot at Reuters dot com slash Reuters TV. I'm Lisa Bernhard this is Reuters.