K.C. Fed president backs tapering 'sooner rather than later'

K.C. Fed president backs tapering 'sooner rather than later'  

SAN FRANCISCO (MarketWatch) - Shares of Dell Inc. DELL -1.10% fell again Tuesday on reports that the company's board may postpone Thursday's vote on Chief Executive Michael Dell's privatization plan if it appears that shareholders are going to reject the deal. But Dell spokesman David Frink, in an interview with MarketWatch, called the reports "speculation on which we don't have any comment." Dell's stock slipped more than 1% to $12.99. Michael Dell and Silver Lake have proposed to take Dell private based on a $13.65 buyout price. The plan is being opposed by billionaire Carl Icahn and major Dell institutional shareholders, including Southeastern Asset Management and T. Rowe Price. Dell shares have fallen more than 2% this month amid rising uncertainty about the outcome of the vote.