But the stock climbed further after the billionaire investor disclosed the stake in a filing with the U.S. Securities and Exchange Commission, and said that he plans to speak with Freeport and may seek board representation. Freeport is undervalued, Icahn said in the filing, and he intends to address "executive compensation practices and capital structure as...» Read More
Google maps is approved for listing in the Apple app store; and Best Buy shares jump on reports its founder Richard Schulze is prepared to make a $5-$6 billion buyout offer, with CNBC's Robert Frank and John Carney.
CNBC's Kayla Tausche reports on the last day for potential buyers to grab a seat at the Twinkie table.
British retail billionaire Philip Green on Thursday sold a 25 percent stake in Topshop and Topman to U.S. private equity firm Leonard Green and Partners in a deal that values the popular high street chain at 2 billion pounds.
Delta Air Lines has held recent talks to buy a 49 percent stake in British carrier Virgin Atlantic that is currently held by Singapore Airlines, two people familiar with the matter said on Sunday.
The "Squawk on the Street" team discusses today's major business topics, including a better-than-expected ADP employment report, whether a Best Buy buyout is near, and the development of the iPad Mini.
Anthony Chukumba, BB&T Capital Markets, discusses what's at stake if the giant retailer decides to go private.
Discussing the trade on 10-year Treasury yields since the charts are hitting all-time lows, and how to play Pep Boys after its proposed buyout deal with a private equity group has fallen apart, with Jeff Kilburg, Kilburg Capital and Michael Murphy, Rosecliff Capital.
The Fast Money traders answer a live viewer "tweet" on Novagold, and does PF Chang's buyout mark the beginning of a run in casual dining companies? With Nicole Miller Regan, Piper Jaffray analyst.
Oracle is set to report earnings after the closing bell on Tuesday. Sharing perspective on whether investors should buy, sell or hold shares of the stock, with Rob Breza, RBC Capital Markets analyst.
Best Buy shares were down more than 34% last year, but could their rich cash flow make them an attractive takeover target for private equity? Dana Telsey, Telsey Advisors, discusses.