Hedge Funds Carl Icahn

More

  • With more than $10 billion in bonds, the oil and gas producer's balance sheet is under pressure and its equity market capitalization is around just $1.2 billion. That is plenty to pay $500 million in debt due in March, though at least another $1.3 billion will come due through 2018.. Once a Wall Street darling that in many ways symbolized the U.S. fracking...

  • It reported cash on hand of about $1.8 billion on Sept. 30, according to public filings. That is plenty to pay $500 million in debt due in March, though another $1.3 billion will come due through 2018.. Chesapeake, once a Wall Street darling, has struggled since a governance crisis prompted the departure of its founder and former Chief Executive Aubrey McClendon in...

  • The median share price forecast of 31 analysts who raised price targets after Alphabet reported strong results on Monday was $924, suggesting that the company formerly known as Google could be valued at $628 billion in the next 12 months. A look at the most bullish price targets on the companies' shares shows that Alphabet is expected to be valued at $734 billion...

  • Alphabet overtakes Apple in market value - for now Tuesday, 2 Feb 2016 | 9:06 AM ET

    The median share price forecast of 30 analysts who raised price targets after Alphabet reported strong results on Monday was $920, suggesting that the company formerly known as Google could be valued at $625 billion in the next 12 months. A look at the most bullish price targets on the companies' shares shows that Alphabet is expected to be valued at $734 billion...

  • NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq stock market:. Xerox Corp., up 52 cents to $9.75. Honeywell International Inc., up $5.23 to $103.20.

  • US STOCKS-Wall Street surges at end of awful January Friday, 29 Jan 2016 | 4:32 PM ET

    GDP growth data misses estimate. Jan 29- Wall Street surged over 2 percent on Friday after the Bank of Japan unexpectedly cut interest rates and Microsoft led a major rally in technology shares, repairing some of the damage to the S&P 500' s worst January since 2009.. In the short term, I'm not sure the sentiment backdrop we've seen was warranted, "said Michael Church,...

  • Jan 29- Wall Street surged nearly 2 percent on Friday after the Bank of Japan unexpectedly cut interest rates and Microsoft led a strong rally in technology shares. Japan's central bank cut a benchmark rate below zero to stimulate its economy, a surprise move that boosted global equities. Wall Street's rally follows four weeks of volatility that has left the S&P...

  • *Q4 US GDP data misses estimate. Jan 29- Wall Street was higher on Friday after the Bank of Japan cut a key interest rate below zero and Microsoft led a rally in technology stocks. "You've got again a sense that we're back to an easier central bank environment," said Steve Blitz, chief economist at ITG.

  • *Amazon sinks after profit misses expectations. Jan 29- Wall Street was set to open higher on Friday after weak GDP data raised expectations that the U.S. Investors across the globe are still reeling from one of the worst starts to a year as oil prices remain under pressure and fears of a China- led global slowdown grow.

  • Early movers: XRX, WHR, CL, AMZN & more Friday, 29 Jan 2016 | 8:09 AM ET
    A trader on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • NEW YORK— Xerox is separating into two independent publicly traded companies. Xerox announced in October that it planned to conduct a review of its operations in the hopes of boosting shareholder value. Xerox and Icahn reached a deal on the governance of the business process outsourcing company.

  • Jan 29- U.S. stock index futures were higher on Friday after the Bank of Japan unexpectedly cut a benchmark interest rate below zero, and ahead of data on U.S. economic growth in the fourth quarter. *The report, due at 8:30 a.m. ET, may set off another bout of selling on the stock market as investors, already worried about weak global growth, flee to less risky assets.

  • Xerox CEO: Will field all reasonable offers Friday, 29 Jan 2016 | 7:12 AM ET
    Xerox CEO: Will field all reasonable offers

    Ursula Burns, Xerox chairman and CEO, talks about whether Xerox is open to other buyers, and shares her thoughts on Japan's move to zero rates and the outlook on the U.S. economy.

  • Strong dollar hits Xerox costs: CEO Friday, 29 Jan 2016 | 7:07 AM ET
    Strong dollar hits Xerox costs: CEO

    Ursula Burns, Xerox Chairman and CEO, discusses how a strong US. dollar impacts the cost of Xerox products.

  • Xerox to split business: CEO Friday, 29 Jan 2016 | 7:03 AM ET
    Xerox to spit business: CEO

    Ursula Burns, Xerox chairman and CEO, discusses the decision to separate the business into two publicly traded companies where Carl Icahn will get three seats on the board. Carl Icahn did not drive the decision, says Burns.

  • Xerox reported its 15th consecutive quarter of declining sales on Friday and announced plans to split the company into two businesses. Xerox said Friday that it will spin off the services operation it acquired when it bought Affiliated Computer Services Inc. for nearly $6 billion in 2010.. Xerox reported better-than-expected earnings for the quarter that...

  • Printer maker Xerox to split into two Friday, 29 Jan 2016 | 6:52 AM ET

    Jan 29- Xerox Corp said it would split into two companies, one holding its legacy hardware operations and the other its business process outsourcing unit. The printer and copier maker will give billionaire activist investor Carl Icahn, who holds an 8.13 percent stake, three seats on the board of the business process outsourcing company. Xerox, whose shares had...

  • Jan 28- Xerox Corp will split into two companies and give activist investor Carl Icahn three seats on the board of one of the companies, the Wall Street Journal reported. One of the companies will house Xerox's hardware operations and the other its services business, the Journal reported on Thursday, citing people familiar with the matter. Icahn will be given the...

  • Jan 28- Xerox Corp will split into two companies and give billionaire activist investor Carl Icahn three board seats on one of the companies, the Wall Street journal reported. Xerox will split into one company containing its hardware operations and another housing its services business, the Journal reported, citing sources. The WSJ said Icahn would get the...

  • Xerox to split, Icahn gets 3 board seats: DJ Thursday, 28 Jan 2016 | 4:15 PM ET
    Carl Icahn

    Xerox shares whipsawed in extended trading Thursday after The Wall Street Journal reported the technology company would split into two companies.