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Hedge Funds Carl Icahn

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  • LONDON, Sept 4- Despite a brutal sell-off of financial assets last week and volatility that reached its highest since the 2008-2009 crisis, predictions of a systemic market breakdown have proven wide of the mark so far. U.S. blue-chips saw their biggest intraday tumble on record, China suffered its biggest sell-off since 2007 and the VIX volatility gauge rose...

  • Big Lots and Splunk are big market movers Friday, 28 Aug 2015 | 4:44 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. Freeport-McMoRan Inc., up 31 cents to $10.50. Big Lots Inc., up $6.58 to $48.58.

  • US STOCKS-Wall St slips after Fischer's remarks Friday, 28 Aug 2015 | 12:24 PM ET

    *Freeport-McMoRan rises after Icahn discloses stake. Aug 28- U.S. stocks slipped on Friday after comments from an influential member of the U.S. Fed Vice Chairman Stanley Fischer said the United States was heading in the direction of higher rates and that recent economic data had been impressive.

  • NEW YORK— Shares of Freeport-McMoRan jumped Friday, a day after it announced cost-cutting plans and activist investor Carl Icahn disclosed that he bought a stake in the mining company. Freeport-McMoRan said Thursday that it would cut costs and reduce spending due to falling copper prices and soft economic conditions around the world. Shares of...

  • *Freeport-McMoRan rises after Icahn discloses stake. "Today's selloff is normal after the two enormous upward days that we had," said Randy Frederick, managing director of trading and derivatives for Charles Schwab in Austin, Texas. Data for August 20-26 showed a record $28 billion in outflows from equity funds.

  • *Freeport-McMoRan jumps after Icahn discloses stake. Aug 28- Wall Street opened lower on Friday, suggesting investors were wary of taking big positions into the weekend after days of tumultuous trading that featured both the market's worst day in four years and biggest two-day gain since the financial crisis. "A lot of investors are looking for markets to calm...

  • *Freeport-McMoran jumps after Icahn discloses stake. Wall Street logged its biggest two-day gain since the financial crisis on Thursday on strong U.S. economic data and hints that a September interest-rate hike was unlikely. "A lot of investors are looking for markets to calm down and are rebalancing their portfolios before going into the weekend," said Jeff...

  • US STOCKS-Futures fall after two-day market rally Friday, 28 Aug 2015 | 7:39 AM ET

    *Wall Street logged its biggest two-day gain since the financial crisis on Thursday on strong U.S. economic data and hints that a September interest-rate hike was unlikely. *Chinese stocks jumped more than 4 percent for the second day as authorities announced that pension funds managed by China's local governments will start investing 2 trillion yuan as soon...

  • U.S. stocks ended the day little changed Friday, letting investors breathe a little easier after a week where both the highs and lows were extreme. The market gave investors a hard jolt the first two days of trading this week on concerns about the health of China's economy. "People are taking a little bit of a pause," said Paul Springmeyer, senior portfolio manager at...

  • NEW YORK, Aug 27- Donald Trump had to do a bit of damage control on Thursday after repeatedly dropping Carl Icahn's name in a campaign speech and then saying most good business negotiators were "vicious, horrible, miserable human beings." Trump, who is leading the Republican field in the polls by a wide margin, was telling the audience at a rally in Greenville, South...

  • 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...

  • Icahn becomes top Freeport-McMoRan shareholder Thursday, 27 Aug 2015 | 4:12 PM ET
    Carl Icahn at Delivering Alpha 2015 in New York.

    Activist investor Carl Icahn became the top shareholder in mining company Freeport-McMoRan.

  • Icahn reports stake in Freeport-McMoRan Thursday, 27 Aug 2015 | 4:12 PM ET
    Icahn reports stake in Freeport-McMoRan

    CNBC's Dominic Chu reports on the large moves in shares of Freeport-McMoRan.

  • Trump Entertainment Resorts got an injunction barring Local 54 of the Unite-HERE union from beaming the messages onto the Taj Mahal, Tropicana and the shuttered Trump Plaza. The ruling came hours after the New Jersey State AFL-CIO asked union members to boycott the Tropicana and the Trump Taj Mahal. It came hours after the state AFL-CIO asked union members to...

  • PHOENIX— Activist investor Carl Icahn said late Thursday that he has taken an 8.5- percent stake in Freeport-McMoRan, just hours after the mining company announced cost cuts and lower spending in response to declining copper prices and soft economic conditions worldwide. According to FactSet, Icahn is now Freeport-McMoRan's largest shareholder.

  • ATLANTIC CITY, N.J.— Atlantic City's main casino workers union said Tuesday it is giving billionaire Carl Icahn "one last chance" to avoid a strike at the Taj Mahal casino by reinstating employee health and pension benefits. The union wants the restoration of health insurance and pension benefits that Trump Entertainment Resorts canceled last October after a...

  • Lightning Round: A rare stock with a real uptrend Monday, 24 Aug 2015 | 7:28 PM ET
    Mad Money Lightning Round

    Jim Cramer gives his take on caller favorite stocks at lightning speed, including this boozy stock.

  • Aug 24- Cheniere Energy Inc, on track to be the first U.S. company to enable the export of liquefied natural gas, named two Icahn Capital LP managing directors to its board, days after activist investor Carl Icahn took a stake in the company. Cheniere said on Monday it appointed Jonathan Christodoro and Samuel Merksamer to its board, increasing the size to 11..

  • Aug 24- Liquefied natural gas company Cheniere Energy Inc named two Icahn Capital LP managing directors to its board, days after activist investor Carl Icahn reported a stake in the company. Cheniere said on Monday it appointed Jonathan Christodoro and Samuel Merksamer to its board. Icahn reported an 8.2 percent stake in Cheniere earlier this month, calling...

  • NEW YORK, Aug 14- Top U.S. hedge funds made bullish bets on the energy sector in the second quarter even as companies' shares began a slide toward multi-year lows on concerns about oversupply, regulatory filings showed on Friday. Hedge funds such as Baupost Group, Magnetar Capital and Jana Partners increased or took new stakes in energy shares over the second...