The U.S. equity markets struck out for positive territory on Tuesday morning, despite mixed economic news from Europe and Asia. A new Markit report shows that euro zone manufacturing PMI declined to a three-month low, while EU unemployment edged up 0.1 point to 10.9 percent.
Futures at 8:45 a.m.: DJIA: +0.34%, S&P 500: +0.36%, NASDAQ: +0.56%.
Here’s what’s buzzing on Tuesday morning:
Nuance Communications (NASDAQ:NUAN) climbed as much as 8.13 percent in pre-market trading after news got out that Carl Icahn owns a 9.3 percent stake (worth about $591 million) in the company. Nuance Communications builds voice recognition software and is reportedly the mastermind behind Apple’s (NASDAQ:AAPL) Siri.
Dell (NASDAQ:DELL) paid Blackstone (NYSE:BX) as much as $25 million to subsidize the company’s go-shop process, according to the New York Times. The report quotes the proxy statement: “The Blackstone consortium informed the special committee that it was not willing to proceed with its evaluation of the transaction contemplated” unless “it received an agreement from the company to reimburse the Blackstone consortium’s out-of-pocket expenses in connection with its evaluation of a possible transaction.”