The price of oil rose back above $105. Gasoline prices jumped the most since mid-February, unwelcome news for summertime drivers. Data from the US central bank showed foreign central banks' overall ... more 
The price of oil rose back above $105. Gasoline prices jumped the most since mid-February, unwelcome news for summertime drivers. Data from the US central bank showed foreign central banks' overall holdings of U.S. marketable securities at the Federal Reserve fell in the last week. The Fed said its holdings of U.S. securities kept for overseas central banks fell $3.11 billion in the week ended July 10, to stand at $3.3 trillion. Overseas central banks, particularly those in Asia, have been huge buyers of U.S. debt in recent years and own more than a quarter of marketable Treasuries. China and Japan are the biggest foreign holders of Treasuries. At least three shareholders who collectively hold nearly 3 percent of Dell Inc shares plan to vote against Michael Dell's $24.4 billion buyout offer, raising questions about proxy adviser Institutional Shareholder Services' sway with the PC maker's shareholders. In an email to Reuters, an ISS spokesperson defended supporting the deal. "ISS' role is to analyze the deal and make a recommendation that we see as being in the best interest of shareholders. That's what we've done," the email said. "At the end of the day however, as with any proxy vote, shareholders will make their own decisions based on their own circumstances," she said. less 
1 / 28
Wochit
Fri, Jul 12, 2013 12:43 PM EDT