Dell tops analysts' fourth-quarter estimates
Dell, the computer maker planning to go private in a $24.4 billion deal, reported fiscal fourth-quarter sales and profit that topped analysts' estimates. Revenue fell 11 percent to $14.3 billion for the three months ended in January, exceeding the $14.1 billion average estimate of analysts, according to data compiled by Bloomberg. Michael Dell and Silver Lake Management have offered $13.65 a share to take Dell private. -- Bloomberg NewsGameStop to pay quarterly dividendDirectors of Grapevine-based GameStop approved a 10 percent increase in the videogame retailer's annual dividend, to $1.10 per share. The next quarterly dividend of 27.5 cents per share will be payable March 19 to shareholders of record as of March 5. -- Steve KaskovichTandy chairman resigns from job and boardFort Worth-based Tandy Leather Factory said Tuesday that Chairman Wray Thompson, one of the company's co-founders who previously served as CEO, resigned from his position and from the company's board. Joseph Mannes, a director and chairman of the audit committee, was named acting chairman. William M. Warren, secretary and general counsel, was elected as a director. He is also president and director of the Fort Worth law firm of Loe, Warren, Rosenfield, Kaitcer, Hibbs, Windsor & Lawrence. -- Jim FuquaySouth Texas shale field production up 68%EOG Resources and other drillers increased production in the Eagle Ford Shale in south Texas by 68 percent in December compared with the same period a year earlier. The nine geographic fields that make up the majority of the play yielded 384,964 barrels of crude a day, according to preliminary data released by the Texas Railroad Commission. Preliminary daily output in November was 358,826 barrels, the commission reported last month. -- Bloomberg NewsGoogle stock tops $800 for the first timeGoogle's stock topped $800 for the first time Tuesday amid renewed confidence in the company's ability to reap higher profits from its dominance of Internet search and prominence in the growing mobile market. The milestone comes more than five years after Google's shares initially hit $700.-- The Associated PressHave more to add? News tip? Tell us
