Hedge Funds Carl Icahn

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  • 1. "The Angry Birds Movie," Sony, $38,155,177, 3,932 locations, $9,704 average, $38,155,177, 1 week. 3. "Neighbors 2: Sorority Rising," Universal, $21,760,405, 3,384 locations, $6,430 average, $21,760,405, 1 week. 4. "The Nice Guys," Warner Bros., $11,203,270, 2,865 locations, $3,910 average, $11,203,270, 1 week.

  • The film has already earned $150 million worldwide, according to estimates from Sony, which is distributing the film. "The Angry Birds Movie" features the voices of Jason Sudeikis, Josh Gad and Danny McBride and has received mixed reviews from critics in its attempt to create a compelling story out of a fairly simplistic app-based game. "It's very difficult...

  • Carl Icahn isn't sure whether he'll spend the $100 million he promised to spruce up the struggling gambling hall opened in 1990 by Donald Trump, who hailed it as "the eighth wonder of the world." Icahn rescued the Taj Mahal by keeping it afloat during its Chapter 11 case and pledging to invest $100 million once he got control. "We want to let the world know that we are...

  • NEW YORK— Xerox says Ursula Burns, the first black woman to run a Fortune 500 company, won't be CEO after the company splits in two later this year. Burns, 57, was named CEO of Xerox in 2009. Xerox said Friday that after the split, Burns will become chairman of a newly formed document technology company, which will include its printer and copier business.

  • NEW YORK, May 19- U.S. authorities on Thursday charged a former chairman of Dean Foods Co and a professional Las Vegas gambler with engaging in an insider trading scheme that netted more than $40 million and included a tip that benefited professional golfer Phil Mickelson. William "Billy" Walters, who has built a multimillion-dollar fortune as a famed Las Vegas...

  • NEW YORK, May 19- A lawyer for Carl Icahn said on Thursday that the billionaire activist investor was never accused of any wrongdoing as part of an insider trading probe that involved the former chairman of Dean Foods Co, Las Vegas betting legend William "Billy" Walters and famed golfer Phil Mickelson. Icahn has never been accused of any wrongdoing and as he has said...

  • NEW YORK, May 19- U.S. authorities on Thursday charged a former chairman of Dean Foods Co and a professional Las Vegas gambler with engaging in an insider trading scheme that netted over $40 million and included a tip that benefited professional golfer Phil Mickelson. William "Billy" Walters, who has built a multimillion-dollar fortune as a famed Las Vegas sports...

  • NEW YORK, May 18- A group of hedge funds have formed a new lobbying arm to promote the benefits of shareholder activism across the U.S. economy, as U.S. politicians turn up the heat on activist investors. The Council for Investor Rights and Corporate Accountability announced its formation on Wednesday, saying it is committed to promoting the actions of...

  • NEW YORK, May 18- A group of activist hedge funds have formed a new lobbying arm in an effort to promote the benefits of shareholder activism across the U.S. economy. The Council for Investor Rights and Corporate Accountability announced its formation on Wednesday, saying it is committed to promoting the actions of shareholder activists, and their positive...

  • NEW YORK, May 17- U.S. ratings agency Standard& Poor's on Tuesday cut the credit rating of billionaire investor Carl Icahn's Icahn Enterprises to junk status after the portfolio absorbed declining investment values and higher leverage in the last few months. As of March 31, Icahn Enterprises's LTV ratio was approximately 50 percent, S&P noted. "

  • NEW YORK, May 17- U.S. ratings agency Standard& Poor's on Tuesday cut the credit rating of billionaire investor Carl Icahn's Icahn Enterprises to junk status after the portfolio absorbed declining investment values and higher leverage in the last few months. The downgrade reflects Icahn Enterprises' elevated loan-to-value ratio, which S&P now expects to...

  • May 16- Corvex Management LP disclosed on Monday that it owns 9.9 percent of Pandora Media Inc and urged the internet music streaming company to explore a sale instead of pursuing a "costly and uncertain business plan." Corvex, a hedge fund by run Keith Meister, a protégé of billionaire activist investor Carl Icahn, said it had met with the company's management...

  • May 16- Corvex Management disclosed on Monday that it owns 9.9 percent of Pandora Media Inc and urged the internet music streaming company to explore a sale. Corvex is run by Keith Meister, a protégé of billionaire activist investor Carl Icahn, and said in the letter to Pandora's board that it had been meeting with the company's management in recent months.

  • May 16- Activist investor Carl Icahn has raised his stake in American International Group Inc by 5.2 percent, putting him in a better position to pressure the insurer to split into three independent companies. Tensions have been mounting between AIG Chief Executive Peter Hancock and Icahn over the billionaire's suggestion in October that the company should...

  • May 16- Activist investor Carl Icahn has raised his stake in American International Group Inc by 5.2 percent, according to a regulatory filing.

  • WILMINGTON, Del, May 12- T. Rowe Price Group Inc cannot sue computer maker Dell Inc for a higher price in the 2013 buyout by its founder because the fund company voted, albeit mistakenly, in favor of the deal, a Delaware judge has ruled. After Michael Dell and private equity firm Silver Lake took the computer maker private, hundreds of shareholders unhappy with the...

  • Bernie Sanders and Carl Icahn

    Carl Icahn, a vocal Donald Trump supporter, said Democratic hopeful Bernie Sanders may have a point about the U.S. income gap.

  • Icahn: Union has squeezed city's important employers

    CNBC's John Harwood reports on billionaire investor Carl Icahn responding to remarks leveled at him by Presidential candidate Bernie Sanders.

  • Cook has frequently traveled to China since taking the helm of Apple five years ago, but his latest visit comes during a critical period. During his China visit, Cook plans to meet senior government and Communist Party leaders- including officials in charge of propaganda, said the source, who declined to be named as the plan is not public yet. Apple's online book and...

  • The insurer's near collapse in 2008 and its $182 billion bailout by the U.S. government led to its inclusion in the Federal Reserve's list of "systemically important financial institutions". Chief Executive Peter Hancock said in March that a judge's ruling that MetLife Inc was not "too big to fail" opened up an opportunity for AIG to seek an exemption from the...