Mark Dewey

Intern

Shares of Dell stock closed today at $13.92.

That’s 27 cents per share higher than the price Michael Dell and his co-investors have offered, in their efforts to purchase the computer and IT services company. Why would anyone pay more for the stock than Dell has offered?

courtesy flickr.com/carlos

As many as half of Texas construction workers could be undocumented immigrants, according to a study released today.

In the study, the Workers Defense Project examined building permits in five big markets across the state, including Austin. They visited random residential and commercial building projects to survey 1,200 construction workers during lunch breaks or after their shifts.

Erik Reyna/KUT News

Gas prices are up. Across Texas, regular is up 14 cents this week, according to AAA's Fuel Gauge Price Report. In Austin, average prices were up by almost 15 cents to $3.36.

Oil analyst Tom Kloza says prices often rise and fall with the seasons, but these are the highest gas prices Americans have seen for this time of year.

courtesy Dell Inc.

If you’re spending $24 billion to buy a company, it’s important to know that that company also has $14 billion in cash. That’s Dell’s situation exactly, according to its most recent financial filings. But there’s a catch: it’s in overseas accounts.

Company founder Michael Dell, who’s trying to buy the company, can touch that money, but he’ll pay a steep price, according to Lillian Mills, chairwoman of the Accounting Department at UT’s McCombs School of Business. She says that money was earned outside the United States, and if it comes home, it’s subject to U.S. taxes.

JD Hancock/Flickr http://www.flickr.com/photos/jdhancock/

There’s an ongoing dispute in and around Pflugerville about how much fire and emergency services protection the area wants, and how much it’s willing to pay. The firefighters local wants to meet a number of national standards for service levels.

“We’re just trying to meet those standards and possibly exceed them,” said firefighters association spokesman Trevor Stokes. “We’re not doing that currently.”

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