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Hedge Funds Carl Icahn

  • On the high end, Disney's live-action "Beauty and the Beast" continued enchanting audiences in its second weekend in theaters, easily topping the charts with $88.3 million, according to studio estimates Sunday. On the low end, Warner Bros.' raunchy, R-rated "CHIPS" debuted in seventh place with $7.6 million. In the middle was Lionsgate's "Power Rangers," which earned a...

  • NEW YORK, March 24- U.S. oil refining executives met with a senior official in President Donald Trump's administration at the White House last week to argue their position for an overhaul of the nation's biofuels program, two people in the meeting told Reuters. While it is not unusual for the White House to meet with stakeholders on key issues, the meeting is a sign...

  • WASHINGTON, March 23- Jay Clayton, the Wall Street attorney tapped by President Donald Trump to lead the U.S. Securities and Exchange Commission, on Thursday defended himself against Democrats' charges that multiple conflicts of interest would force him to miss too many SEC votes. Clayton, a partner at elite law firm Sullivan& Cromwell, is expected to win...

  • WASHINGTON, March 23- Jay Clayton, the Wall Street attorney tapped by President Donald Trump to lead the U.S. Securities and Exchange Commission, on Thursday defended himself against Democrats' charges that multiple conflicts of interest would force him to miss too many SEC votes. Clayton, a partner at elite law firm Sullivan& Cromwell, is expected to win...

  • WASHINGTON, March 23- Jay Clayton, the Wall Street attorney tapped by President Donald Trump to lead the U.S. Securities and Exchange Commission, on Thursday defended himself against Democrats' charges that multiple conflicts of interest would force him to miss too many SEC votes. Clayton, a partner at elite commercial law firm Sullivan& Cromwell, is expected to...

  • Warren: Icahn dictating policy while buying stock

    Sen. Elizabeth Warren criticizes billionaire investor Carl Icahn at the confirmation hearing of SEC nominee Jay Clayton. CNBC's Ylan Mui reports.

  • March 22- A lawyer defending Las Vegas sports gambler William "Billy" Walters against insider trading charges on Wednesday sought to discredit former Dean Foods Chairman Tom Davis, who told jurors he used a special "bat phone" to give Walters confidential tips. Lawyer Barry Berke's cross-examination, which began on the fourth day of trial in Manhattan federal...

  • 1. "Beauty and the Beast," Disney, $174,750,616, 4,210 locations, $41,508 average, $174,750,616, 1 week. 2. "Kong: Skull Island," Warner Bros., $27,832,142, 3,846 locations, $7,237 average, $109,107,436, 2 weeks. 3. "Logan," 20th Century Fox, $17,815,677, 3,687 locations, $4,832 average, $184,342,562, 3 weeks.

  • March 16- Six U.S. Senate Democrats on Thursday stepped up efforts to get more clarity from the White House and chief of the Environmental Protection Agency on Carl Icahn's role as special adviser on regulations to President Donald Trump. The lawmakers, including Sheldon Whitehouse of Rhode Island and Elizabeth Warren of Massachusetts, in letters to the White...

  • NEW YORK, March 16- More than 20 U.S. senators pressed President Donald Trump on Thursday to reject requests from oil refiners to overhaul the U.S. biofuels program, weighing in on a debate that has roiled markets from soybeans to gasoline in recent weeks. The change would be "unwarranted and indefensible," said the bipartisan group of senators that included...

  • Bill Ackman

    The "Fast Money" traders look at stocks owned by Pershing Square CEO Bill Ackman.

  • March 14- American International Group Inc's decision to remove Peter Hancock as its chief executive was to avoid a proxy battle with billionaire activist investor Carl Icahn, the Wall Street Journal reported, citing people familiar with the matter. AIG said last week that Hancock would step down, a decision he made after the insurer's poor financial...

  • 1. "Kong: Skull Island," Warner Bros., $61,025,472, 3,846 locations, $15,867 average, $61,025,472, 1 week. 2. "Logan," 20th Century Fox, $38,112,425, 4,071 locations, $9,362 average, $152,919,158, 2 weeks. 5. "The Lego Batman Movie," Warner Bros., $7,614,412, 3,303 locations, $2,305 average, $158,818,072, 5 weeks.

  • *Fed's two-day meeting kicks off on Tuesday. March 13- The S&P 500 and the Dow Jones Industrial Average were slightly lower on Monday as gains in financials shares- ahead of a widely expected interest rate hike- were weighed down by losses in drug stocks. A non-partisan report on the costs associated with the Republican plan to replace Obamacare could increase...

  • March 13- Sarissa Capital Management LP said on Monday it plans to nominate three directors to Innoviva Inc's board and criticized the drug company's cost structure as the two sides square off in a proxy contest. Innoviva, which had 14 employees as of Dec. 31, according to its annual report, is a $1.4 billion company with a partnership with Britain's...

  • March 13- U.S. stocks were little changed on Monday as investors preferred to hold their bets ahead of a widely expected interest rate hike by the Federal Reserve later this week. All the major S&P 500 sectors were trading within a small range, indicating a subdued appetite on Wall Street. Traders have placed a 94 percent bet that Fed Chair Janet Yellen will...

  • March 13- Activist investor Sarissa Capital Management LP said on Monday it intends to nominate only three candidates for election to the board of drug company Innoviva Inc.. Innoviva said last week that Sarissa Capital had nominated four directors to replace a majority of the drug company's board. Sarissa Capital is a hedge fund run by Alex Denner,...

  • *Mobileye jumps on $15.3 bln Intel deal. March 13- U.S. stock index futures pointed to a subdued open on Wall Street as investors bided time ahead of an all-but-certain interest rate hike by the Federal Reserve. "Right now the markets appears to be in a wait-and-see phase ahead of the Fed decision," said Andre Bakhos, managing director at Janlyn Capital in...

  • Carl Icahn raised his stake in truck maker Navistar to 17.02 percent as of Friday, according to a U.S. Securities and Exchange Commission filing.

  • March 10- Oil refiners shelled out a record over $2 billion to meet U.S. biofuels requirements in 2016, a 70 percent surge that helps fuel a growing debate over who should shoulder the costs for meeting environmental regulations. A Reuters review of regulatory filings from ten refiners, including Valero Energy Corp and CVR Energy Inc, showed that they paid $2.22...