Hedge Funds Carl Icahn

More

  • Stock market skids after cautious comments from the Fed Wednesday, 27 Jan 2016 | 10:35 AM ET

    NEW YORK— Stocks sank Wednesday after the Federal Reserve gave a cautious assessment of the global economy and said growth in the U.S. has slowed down. The statement from the Fed smothered a small rally in stocks earlier in the day. In addition to lowering its view of the U.S. economy, the Fed didn't say if it will respond to those and other concerns by slowing down its...

  • AIG to spin off insurance unit in sweeping overhaul Tuesday, 26 Jan 2016 | 1:08 PM ET
    AIG headquarters in New York City.

    AIG is making the sweeping changes it has been promising shareholders as it fends off activist investor Carl Icahn.

  • *Govt demands Freeport pay $530 million smelter deposit. *Freeport says requirement is "inconsistent" with 2014 deal. Indonesia's government has said the U.S. mining giant must provide a $530 million deposit by Thursday to prevent a possible halt in copper concentrate exports from its massive Grasberg mine in the province of Papua.

  • Tidal wave of corporate migrants seeking tax haven Tuesday, 26 Jan 2016 | 10:38 AM ET
    Johnson Controls

    Until Washington reforms the tax code, American companies will continue to leave in search of a lower tax rate. The NYT reports.

  • Jan 26- American International Group Inc said it would spin off its mortgage insurance unit, cut jobs and sell its broker-dealer network as part of a sweeping overhaul promised to shareholders to fend off activist investor Carl Icahn. The insurer said in a statement on Tuesday that it plans to cut $1.6 billion of costs and return at least $25 billion to...

  • Jan 26- Diversified U.S. miner and oil producer Freeport-McMoRan Inc reported a bigger fourth-quarter loss, squeezed by plunging commodity prices and flagging Chinese demand. The Phoenix, Arizona- based company, which is under pressure from activist investor Carl Icahn, said its quarterly net loss attributable to common stock was $4.08 billion, or $3.47 per...

  • AIG selling broker-dealer segment, cutting expenses Tuesday, 26 Jan 2016 | 8:18 AM ET

    NEW YORK— Insurer AIG is selling its broker-dealer segment, starting an initial public offering for its mortgage-insurance division and slashing expenses after coming under pressure from activist investor Carl Icahn. American International Group Inc. said that it will sell AIG Advisor Group to private equity firm Lightyear Capital LLC and Canadian...

  • Freeport-McMoran reports 4Q loss Tuesday, 26 Jan 2016 | 8:09 AM ET

    PHOENIX— Falling oil and commodities prices led Freeport-McMoran Copper& Gold Inc. to report a loss of $4.08 billion in its fourth quarter. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share. The mining company posted revenue of $3.8 billion in the period, which was short of the $4 billion expected by...

  • Early movers: DD, PG, TYC, JNJ, AIG, MMM & more Tuesday, 26 Jan 2016 | 8:04 AM ET
    Traders work on the floor of the New York Stock Exchange in New York City.

    Some of the names on the move ahead of the open.

  • Jan 26- American International Group Inc said it would spin off its mortgage insurance unit and sell its broker-dealer network as part of the sweeping changes it has been promising shareholders as it fends off activist investor Carl Icahn. The biggest U.S. insurer by premiums also said on Tuesday it would cut $1.6 billion of costs and return at least $25 billion...

  • Jan 26- American International Group Inc said it would spin off its mortgage insurance unit and sell its broker-dealer network as part of the sweeping changes it has been promising shareholders as it fends off activist investor Carl Icahn. The insurer said it planned to streamline its business through divestitures, including the sale of AIG Advisor Group, a...

  • AIG too big to succeed: Analyst Monday, 25 Jan 2016 | 10:51 AM ET
    AIG too big to succeed: Analyst

    Sanford C. Bernstein analyst Josh Stirling explains why he thinks AIG is "ungovernable."

  • Jan 22- American International Group Inc has decided to pursue a spin-off of its mortgage insurance business, according to people familiar with the matter, in a move that would come as the U.S. insurer fends off activist Carl Icahn. The company is also expected to update investors on the sale of its Advisor Group division on Tuesday, as well as other initiatives...

  • Why activist investor surge means more tech M&A Thursday, 21 Jan 2016 | 2:50 PM ET
    A Riverbed Technology conference sign

    As activist hedge funds raise large piles of cash, buyout firm Thoma Bravo is gearing up for more tech dealmaking.

  • Jan 19- MetLife Inc, the largest U.S. life insurer, said it has formed a real estate investment venture with New York State Common Retirement Fund, the third-largest U.S. public pension fund. The venture's initial investment portfolio, which will be managed by MetLife Investment Management, comprises seven properties valued at more than $1.4 billion, the company...

  • Jan 19- Activist investor Carl Icahn took another swing at American International Group Inc on Tuesday, saying the only "sensible" option for the insurer was to split up. Tensions have been mounting between AIG Chief Executive Peter Hancock and Icahn over the billionaire's suggestion in October that the company should split into three- an idea Hancock promptly...

  • Icahn urges AIG to become a "simpler" company Tuesday, 19 Jan 2016 | 10:14 AM ET

    Jan 19- Billionaire investor Carl Icahn on Tuesday urged American International Group Inc to become "a smaller, simpler" company. "There is only one sensible path for AIG to follow: become a smaller, simpler company with a path to de-SIFI," Icahn said in an open letter to the insurance company's board. AIG, the largest commercial insurer in the United States, said it...

  • Jan 19- U.S. stock indexes looked set to open higher on Tuesday after China's slowest annual growth rate in 25 years raised hopes of further stimulus measures from Beijing, and on strong earnings reports from Bank of America and Morgan Stanley. China's 2015 growth hit 6.9 percent after the fourth quarter slowed to 6.8 percent, capping a tumultuous year in which...

  • Icahn sends new letter to AIG board Tuesday, 19 Jan 2016 | 8:36 AM ET
    Icahn sends new letter to AIG board

    Billionaire investor Carl Icahn has sent a letter to the board of AIG urging the company to break up, reports CNBC's Scott Wapner.

  • *Freeport faces difficult journey to extend mining contract. Freeport's long-held desire to continue mining in Indonesia beyond 2021 has been beset by controversy, including cabinet infighting, resignations and a major political scandal that led to the resignation of the parliamentary speaker. "The last couple of months have been a total disaster for...