Hedge Funds Carl Icahn

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  • ATLANTIC CITY, N.J.— Bad weather helped keep gamblers away from Atlantic City's casinos in January, but led them to bet and lose more over the Internet. Internet gambling posted a big increase, but all it did was keep a bad month for Atlantic City's casinos from being an even worse one. "January started off strong with the New Year's holiday weekend, but those gains were...

  • *Financial lead, led by banks. *JPMorgan jumps after CEO Dimon ups stake. Feb 12- Wall Street staged a comeback on Friday, led by a rebound in beaten-down financial and energy stocks after five straight days of a grueling rout on fears over the health of the global economy and the banking sector.

  • *Nominates Samuel Merksamer, John Paulson to board. Feb 11- American International Group Inc capitulated in its boardroom fight with activist investor Carl Icahn, nominating both his representative and billionaire John Paulson to its board, as it unveiled a bigger-than-expected quarterly loss. Sandler O'Neill& Partners LP analyst Paul Newsome said the deal...

  • Feb 11- American International Group Inc capitulated in its boardroom fight with activist investor Carl Icahn, nominating both his representative and billionaire John Paulson to its board, as it unveiled a bigger-than-expected quarterly loss. AIG said it had agreed to nominate Paulson, a billionaire investor and president of Paulson& Co, and a managing...

  • AIG is facing pressure from activist investor Carl Icahn to split into three- an idea that has been rebuffed by Chief Executive Peter Hancock. The insurer, which has frozen its employee pension plan, is looking to cut its gross general operating expenses by another $1.6 billion by the end of 2017.. AIG reported an after-tax operating loss attributable to the...

  • 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...

  • Defending AIG's split: CEO Wednesday, 3 Feb 2016 | 7:42 AM ET
    Defending AIG's split: CEO

    Peter Hancock, AIG CEO, discusses his company's restructuring plans despite objections from some investors.

  • 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...

  • Icahn, others get burned by bad Cheniere bet Monday, 1 Feb 2016 | 2:49 PM ET
    Carl Icahn at Delivering Alpha 2015 in New York.

    Big hedge funds bought more Cheniere Energy stock to end 2015. 2016 may leave them regretting it.

  • 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.

  • Xerox to split hardware & services businesses Friday, 29 Jan 2016 | 9:19 AM ET
    Xerox to split hardware & services businesses

    After falling profit and sales, Xerox announces plan to split into two independent public companies.

  • *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.

  • 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.