Hedge Funds Carl Icahn

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  • ATLANTIC CITY, N.J.— With a strike against the Trump Taj Mahal casino about to enter its fourth week and no end in sight, Atlantic City's main casino workers union turned up the heat Thursday, surrounding the massive gambling hall with hundreds of picketers, some traveling hundreds of miles to support the walkout. Picketers from unions in Baltimore, Washington, New...

  • July 18- Corvex Management LP, the activist fund run by former Carl Icahn protégé Keith Meister, has amassed small stakes in U.S. seeds company Monsanto Co and its aspiring acquirer, Germany's Bayer AG, people familiar with the matter said on Monday. Corvex, which also owned Monsanto stock two years ago, would favor a sale to Bayer for a rich enough price, said the...

  • ATLANTIC CITY, N.J.— An Atlantic City casino owned by billionaire Carl Icahn withdrew an offer to restore health insurance for its striking workers Monday after the union refused to put the measure up for a vote 18 days into a walkout. The Trump Taj Mahal had given striking Local 54 of Unite-HERE workers until Monday to vote on its offer, but union president Bob...

  • Paul Feig's new "Ghostbusters" for Sony Pictures opened with $46 million in North American theaters, according to final box office figures Monday. Sony called the debut of "Ghostbusters" a "triumph," but analysts are skeptical it will turn a profit for the studio, given the hefty $144 million production budget, plus at least $100 million in marketing.

  • BlackRock Inc, the world's largest asset manager, and Norges Bank Investment Management, Norway's $872 billion sovereign wealth fund are among the major funds resisting, encouraging companies to consult them before responding to an activist. The most recent example of pushback against activist settlements involves U.S. retailer Chico's FAS and Barington...

  • WASHINGTON/ NEW YORK, July 15- Herbalife Ltd agreed to pay $200 million and change the way it does business to avoid being labeled a pyramid scheme by regulators, a blow to hedge fund manager Bill Ackman who for years has been betting against the dietary supplements maker. Shares of Herbalife jumped more than 20 percent after the settlement was made public and the...

  • WASHINGTON/ NEW YORK, July 15- Herbalife Ltd agreed to a $200 million settlement with U.S. regulators on Friday, under which the dietary supplements maker will change the way it does business and avoid being labeled a pyramid scheme, a blow to hedge fund manager Bill Ackman who for years has been betting against the company. The Los Angeles- based company's shares...

  • July 15- Herbalife Ltd said it would settle with the U.S. Federal Trade Commission for $200 million to avoid being labeled a pyramid scheme, a blow to hedge fund manager Bill Ackman who for years has been betting against the dietary supplements maker. Ackman's Pershing Square Capital Management unveiled a $1 billion short bet against the company in 2012..

  • NEW YORK— Federal regulators closed an investigation of the multinational, nutritional supplements company Herbalife, which has for years been dogged by accusations that it was run as an elaborate pyramid scheme. Though Herbalife was ordered to restructure its U.S. operations and pay a $200 million settlement Friday, it avoided being classified by the U.S. as...

  • ATLANTIC CITY, N.J.— The Latest on the ongoing strike by union members against Atlantic City's Trump Taj Mahal casino:. The Atlantic City casino workers union that is on strike against the Trump Taj Mahal casino questions why a company run by billionaire Carl Icahn offers full health care to workers at one casino it owns while insisting that others accept lesser...

  • Casino workers protest outside the Tropicana casino in Atlantic City, N.J., May 6, 2016.

    Striking Atlantic City casino workers are taking their protest to the New York City doorstep of the man who bought Trump Taj Mahal casino.

  • ATLANTIC CITY, N.J.— A strike against Atlantic City's Trump Taj Mahal casino grew more contentious Wednesday as strikers rallied outside the New York offices of Donald Trump, who opened the casino, and Carl Icahn, his fellow billionaire who now owns it. As the protest unfolded, Icahn's management team issued an ultimatum to Taj Mahal strikers: Accept the company's...

  • ATLANTIC CITY, N.J.— Workers in Atlantic City have approved a new contract with three casinos while a strike continues at the Trump Taj Mahal. Local 54 of the Unite-HERE union says workers from the three Caesars Entertainment- owned casinos in Atlantic City voted Monday to ratify their new contract. Both the Tropicana and the Taj Mahal are owned by billionaire...

  • The weekend's other opener, the raunchy comedy "Mike and Dave Need Wedding Dates" earned $16.6 million against a $33 million budget to take fourth place. 1. "The Secret Life Of Pets," Universal, $104,352,905, 4,370 locations, $23,879 average, $104,352,905, 1 week. 2. "The Legend Of Tarzan," Warner Bros., $21,006,462, 3,591 locations, $5,850 average, $81,804,174, 2 weeks.

  • Icahn increase stake in Hertz

    Hertz shares rise as investor Carl Icahn increases his stake to 15.24 percent from 14.34 percent, according to an SEC filing.

  • NEW YORK, July 1- Casino workers striking on Friday outside the Trump Taj Mahal in Atlantic City, New Jersey, will continue on a 24- hour basis throughout the holiday weekend, a spokesperson for the workers' union said. Unite-Here Local 54 union spokesperson Ben Begleiter said workers are striking outside most of the casino entrances, while chanting, pounding...

  • NEW YORK, July 1- Workers at the Trump Taj Mahal in Atlantic City, New Jersey, went on strike early Friday morning after management and the workers' union failed to reach agreement on wages and health benefits. Unite-Here Local 54, the union representing thousands of Atlantic City casino workers, reached a tentative settlement on Thursday with Tropicana, which is...

  • The Trump Taj Mahal casino in Atlantic City, New Jersey.

    Atlantic City's main casino workers union has begun picketing against the Trump Taj Mahal casino amid a contract dispute.

  • Chairman Frank MacInnis, Keith Meister and Eric Mandelblatt were among the directors to step down, according to the sources. Meister and Mandelblatt run two of the company's largest investors, hedge funds Corvex Management LP and Soroban Capital Partners, respectively. Ralph Izzo, Steven Nance and Laura Sugg also stepped down from the board, two of the sources...

  • BOSTON, June 30- Chesapeake Partners, a $1.4 billion hedge fund that bet on special situations including mergers, bankruptcies and spin-offs, is shutting down after an 18- month stretch of losses, as it blamed government regulation for making investing tougher. Founders Traci Shanbrun Lerner and Mark Lerner, in a June 27 letter to investors, which was seen by...