Today in business: 5 things you need to know

Dell goes private, Obama calls for delay in spending cuts, and more in our roundup of the business stories that are making news and driving opinion

President Obama, who returned to the White House early this morning, will request a sequester later today.
(Image credit: Ron Sachs-Pool/Getty Images)

1. DELL TAKES ITSELF PRIVATE IN $24 BILLION DEAL

Struggling computer-maker Dell announced on Tuesday that it would go private in a $24 billion deal, the company's most drastic step yet to remain relevant in a tech era increasingly dominated by smartphones and tablets. The investors include founder Michael Dell, private equity firm Silver Lake, and Microsoft, whose software business is heavily reliant on Dell and other PC manufacturers. [Wall Street Journal]

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Ryu Spaeth

Ryu Spaeth is deputy editor at TheWeek.com. Follow him on Twitter.