Market Minute: Dell Shareholders May Get a Say; Tech Giants Disappoint

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Dell shareholders finally get their say, while several tech giants post weak results. Those and more are what's in stocks news Thursday.

The Dow industrials (^DJI) gained 18 points Wednesday, the S&P 500 (^GPSC) added 4, and the Nasdaq (^IXIC) rose 11.

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Dell shareholders may finally get a chance to vote today on the controversial plan from company chief Michael Dell to take the company private in a $24 billion deal. The outcome could come down to the wire, with some of Dell's largest institutional shareholders reportedly set to vote against his offer. However, Dell's board could delay the vote at the last minute.

Tech stocks are in focus today following earnings reports from Intel, IBM and eBay.

Intel (INTC) continues to suffer from the sharp decline in the PC market. Its quarterly net fell 29 percent. That was in line with expectations, but revenue was a bit light. The chip giant also lowered its revenue outlook for the rest of the year, and acknowledged that it has been slow to respond to the mobile trend.

IBM's (IBM) net also fell, but was still better than Wall Street was looking for. It also raised its full year outlook. And eBay (EBAY) shares are set to slide. Earnings were in line, but its outlook for the current quarter was disappointing.

After the close, we'll hear from two more tech leaders: Microsoft (MSFT) and Google (GOOG).

Other earnings out today:
  • Verizon's (VZ) second quarter net income rose 21 percent as the cellphone carrier added nearly 1 million devices and boosted revenues by 8.3 percent.
  • Morgan Stanley (MS) said that second-quarter earnings beat analyst expectations, fueled by gains in its investment bank.
  • UnitedHealth Group (UNH) reported a bigger-than-expected rise in second-quarter net income as it enrolled more people in private and government-paid health insurance plans and sold more health-technology systems.
Eli Lilly (LLY) is telling most of its 38,000 employees that they won't get a raise next year, part of an effort to cut costs. The company expects revenue to drop by 20 percent because of patent expirations on some key drugs.

Can PepsiCo (PEP) exist without Pepsi? That's the suggestion of activist shareholder Nelson Peltz. He wants the company to sell the beverage unit and become a snack-foods giant by acquiring Mondelez.

And it's Day Two for Federal Reserve Chairman Ben Bernanke on Capitol Hill. He gives the same prepared testimony -- this time to the Senate Banking Committee. So investors will focus on Bernanke's answers to lawmakers' questions.

-Produced by Drew Trachtenberg.

9 PHOTOS
Apps That Manage Your Money For You
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Market Minute: Dell Shareholders May Get a Say; Tech Giants Disappoint

Mint made the Mac App Store's Best of 2012 list for a reason. This simple, clean app shows how much you are spending in each category of your budget by monitoring all of your transactions. We love signing in and getting a quick, dirty rundown of where our money has gone over the last week, and using their personalized budget tools to stay on track. We highly recommend adjusting your budgets for summer months. You might spend less on transportation when the weather is nice, and chances are you could use that extra cash to flesh out that restaurant tab, right?


Price: Free


Available for Apple and Android.

This is the all-in-one financial organizer. Manage all of your accounts, from credit cards to magazine subscriptions, in one place and even make custom accounts for your rent or cleaning service. Get reminders for bill payments, and monitor all of your travel reward points, too. You'll always know what you owe, how much money you have and can plan for upcoming bills and expenses without having to sift through tons of paperwork.


Price: Free


Available for Apple and Android devices.

If you want to isolate the expense tracker function of Mint in a super simple day-to-day app, then DailyCost is a great buy. A wide variety of categories lets users input all of their daily expenses. Holding your phone horizontally, you will be able to see graphs and statistics on your spending. The app also tracks your weekly and monthly spending by category and can be backed up to iCloud for Mac users, so you'll never lose your data.


Price: $1.99


Available for Apple only.

If you're a heavy traveler, Toshl is an excellent expense and budget tracker. It works with any currency and lets you separate your travel budget from your day-to-day expenses. It comes with all the trappings of a regular money management app, too, such as bill organizer and alerts, and can be synced across all your devices.


Price: Free


Available on Apple and Android devices.

Next time you organize a group activity, Tricount will split up the expenses for you. Create the expense report on your phone and organize by person, how much they owe, and then share via email so everyone knows their share. With options for expenses, balance, share, and configuration, the app does all of the math for you.


Price: Free


Available for Apple and Android devices.

Never miss a bill payment again. This app reminds you when your payments are due, and lets you pay on the spot from a bank account or credit card, or you can schedule a payment for the future. Connect all of your accounts to the encrypted app and then view them all in one place for easy access and payment options. You'll never overdraft or miss a payment again.


Price: Free


Available on Apple and Android devices.

Make and share payments with friends. This app uses the same technology to pay as LivingSocial, Uber and Airbnb. Pay with your debit card or transfer funds from a linked bank account, right to a friend's Venmo account. It is Verisign Certified.


Price: Free


Available on Apple and Android devices.

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Markets

S&P 500 2,367.34 3.53 0.15%
DJIA 20,821.76 11.44 0.06%
NASDAQ 5,845.31 9.80 0.17%
DAX 11,804.03 -143.80 -1.20%
NIKKEI 225 19,141.71 -141.83 -0.74%
HANG SENG 23,984.70 19.00 0.08%
USD (per EUR) 1.06 0.00 0.13%
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JPY (per USD) 112.23 0.04 0.04%
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