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Dell Surges on Possibility of Private Equity Buyout

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    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  • Duration 5:04
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Imus in the morning program on the funds -- Good morning everyone Dell shares -- up more than 3% in the premarket on news that the company may be looking to go private.

Sources tell fox business' Charlie Gasparino that the PC maker has been holding preliminary talks with private equity firms TBG.

And silver lake Gasparino says JPMorgan is involved and his sources say they believe the deal happen.

But he -- -- that private equity has snooped around other deals like this including Barnes & Noble.

And then walked away once the numbers -- on the table Dell says it doesn't comment on rumor or speculation.

These talks come amid continued struggles for the PC market the text research firm Gartner.

Says PC shipments overall fell 5% year over year in the fourth quarter while Dell's shipments fell 21%.

Federal Reserve Chairman Ben Bernanke says congress should boost the US is borrowing -- in an effort to avoid what could be a disastrous default.

Speaking at an event at the University of Michigan yesterday Bernanke look to silence critics -- raising the debt limit.

Saying doing so is not the same is authorizing new government spending the Treasury Department says the government hit its borrowing limit on December 31.

And is now using special measures to enable the government to -- its financial obligations Bernanke stressed that we've seen what kind of consequences can happen.

If congress doesn't act.

It was the very slow.

Solution to the debt ceiling in August 2011 that got the US downgraded last time.

So it's very very important all these issues are important it is very very important that congress.

Take necessary action to raise the debt ceiling.

Addition to tackling the debt limit lawmakers must also still reach a deal on automatic spending cuts that were postponed until March 1.

Checking the markets now here in the US futures are fairly flatly Dow futures down twenty the S&P -- down a little more than three the nasdaq's down about five.

In Europe a preliminary estimate on the German Economy shows it contracted by a larger than expected point 5% in the final quarter.

A 2012 pushing overall growth for the year.

Down two point 7% that's significantly lower than 20113%.

Growth markets in Europe are currently mixed with London slightly up Paris and Frankfurt.

Both slightly down.

Also getting results and now from Forest Labs -- drug makers reporting lost 21 cents a share the estimate was for a loss of fourteen cents a share.

Revenue came in at 722.

Point seven million dollars that was a mess yes expectation there was for 762.

Million.

Let's take a closer look now at those you premarket to Peter Dixon global equities economist at Commerce Bank in London.

Peter David chairman has been forced to push up his long awaited euros speech to Friday meeting he just a few days now to prepare now both Washington.

And Berlin -- criticize his plans to hold a referendum on the UK's terms with the EU so how do you see this playing out.

OPEC remind that he hasn't committed to a referendum yes I think that's something which is policy would it would like -- I think mr.

Cameron is kind enough to try and push -- about particular.

We'll kick a particular count down the -- slipping what you're trying to do you -- say well European and UK what -- can -- -- -- that palace -- from Europe.

We hope will get some form of agreement for my European partners because I think the last thing he wants to do is to forced the UK out of the U.

Is there any.

Sense there of how this will be receipt.

Well I think it's strange MySpace -- and -- certainly the electorates.

Much generally yeah I think in favor of you withdraw if you Austin in in a referendum to diet -- that they vote for withdrawal.

But I think the business community is much more realistic I mean they know that studied the viewed as the U case.

Biggest single export markets and to exit will be a disaster I think for British business and presumably jobs as well.

And -- shifting gears a little bit -- come out saying that it's cautiously optimistic that the worst of Europe's debt crisis.

Is over and that Euro will remain intact and we heard a similar forecasts.

Firm Christine Lagarde just a few days ago so -- you agree with that forecast are the worst is behind you.

Well how I think intensive the existential threat to the yet to the eurozone yes I think hopefully the worst is behind because of the ECB it's -- a great job -- stepping -- to the -- That's not to say we won't go -- along the way as we go through 2000 than the thirteen but so hopefully -- -- you said the worst is behind his.

Aren't we certainly hope so that's Peter -- that Commerzbank thanks so much Peter expected.

And Lennar is reporting a higher fourth quarter profit from last year the home builder says -- 56 cents a share.

Easily topping the estimate for 44 cents.

Revenue jumped 42% to one point three billion dollars matching the forecast.

New orders climbed for the seventh straight quarter up 32%.

Nearly 4000 homes and looking ahead.

And -- expects strong profitability in 2013.

Let's take a quick look at commodities oil and -- and -- Imus in the morning continues.

Right now.

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