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Hedge Funds Carl Icahn

  • March 9- American International Group Inc said on Thursday its Chief Executive Peter Hancock will step down, a decision he made after poor financial performance frustrated shareholders and the insurer's board of directors. In a joint statement, neither he nor Chairman Douglas Steenland gave any clues as to who might replace him. AIG's shares were down 0.25...

  • March 9- American International Group Inc said on Thursday Chief Executive Peter Hancock will step down, a decision he made after a string of poor financial performance frustrated shareholders and the insurer's board of directors. In a joint statement, neither he nor Chairman Douglas Steenland gave any clues as to who might replace him. Billionaire activist...

  • March 9- American International Group Inc said on Thursday Chief Executive Peter Hancock will step down after the insurer's widening losses stung investors, including billionaire Carl Icahn. Hancock had faced questions about his ability to carry out a two-year turnaround plan that targets returning $25 billion to shareholders after AIG reported an...

  • March 9- American International Group Inc said on Thursday Chief Executive Peter Hancock plans to step down, a move that comes more than a year after billionaire investor Carl Icahn called for a breakup of the company. The Wall Street Journal reported last month that the company's board was discussing whether to penalize or oust Hancock over a major setback to...

  • Peter Hancock, chief executive officer of American International Group

    Shares of AIG were up 1.75 percent in premarket trading after the news.

  • March 9- American International Group Inc said Chief Executive Peter Hancock has informed the board that he plans to resign, more than a year after billionaire investor Carl Icahn called for a breakup of the company. The Wall Street Journal reported last month that the company's board was discussing whether to penalize or oust Hancock over a major setback in...

  • Peter Hancock to step down as AIG CEO

    Insurance company AIG has announced its chief executive, Peter Hancock will be leaving as soon as a successor is named, and Carl Icahn tweets, "we fully support the actions taken today by the board of AIG."

  • Donald Trump and Carl Icahn

    A watchdog group said it has asked lawmakers to investigate whether Carl Icahn violated lobbying disclosure laws.

  • March 8- A government watchdog group, Public Citizen, said on Wednesday it has asked lawmakers to investigate whether Carl Icahn violated lobbying disclosure laws, a complaint the billionaire investor denied and called a "witch hunt." The group said Icahn may have been acting as a lobbyist when he advised President Donald Trump to overhaul the U.S. biofuels...

  • March 8- A government watchdog group, Public Citizen, said on Wednesday it has asked lawmakers to investigate whether billionaire investor Carl Icahn should have been subject to lobbying disclosure laws when he advised President Donald Trump to overhaul the U.S. biofuels program. The group said it has made its request for a probe in a letter sent to Congress on...

  • White House budget director Mick Mulvaney says he expects to release the Trump administration's fiscal 2018 federal budget plans on March 15.. Trump plans to meet with a group of infrastructure business leaders, including Elon Musk of Tesla Inc White House on Wednesday. FBI Director James Comey says he has no plans to step down any time soon, days after he...

  • White House budget director Mick Mulvaney says he expects to release the Trump administration's fiscal 2018 federal budget plans on March 15.. Trump plans to meet with a group of infrastructure business leaders, including Elon Musk of Tesla Inc White House on Wednesday. Trump's immigration policies could lead to collective expulsions of migrants in a...

  • March 8- A government watchdog group, Public Citizen, said on Wednesday it has asked lawmakers to investigate whether billionaire investor Carl Icahn should have been subject to lobbying disclosure laws when he advised President Donald Trump to overhaul the U.S. biofuels program. The group said it has made its request for a probe in a letter sent to Congress on...

  • Trump plans to meet with a group of infrastructure business leaders, including Elon Musk of Tesla Inc White House on Wednesday. A potentially lengthy U.S. legislative fight over a replacement of the Obamacare health law begins on Wednesday as two House of Representatives committees begin negotiating changes to a Republican plan backed by Trump.

  • A watchdog group is calling on lawmakers to investigate Icahn's role with the president

    Public Citizen wants lawmakers to look into Carl Icahn's role within the Trump administration.

  • March 8- A government watchdog group, Public Citizen, said on Wednesday it will ask lawmakers to investigate whether billionaire investor Carl Icahn should have been subject to lobbying disclosure laws when he advised President Donald Trump to overhaul the U.S. biofuels program. The group said it would make its request for a probe in a letter to Congress later...

  • March 7- Innoviva Inc said activist investor Sarissa Capital Management LP had nominated four directors to replace a majority of the drug company's board. Innoviva, formerly Theravance Inc, urged shareholders to vote for its recommended seven nominees at the 2017 annual meeting. Sarissa Capital Management LP, a hedge fund run by billionaire investor Carl...

  • March 7- Innoviva Inc said on Tuesday activist investor Sarissa Capital Management LP had nominated a slate of directors to replace a majority of the company's board. Innoviva, formerly Theravance Inc, urged shareholders to vote for its recommended seven nominees, adding Sarissa had provided no rationale for its actions nor proposed a new strategic...

  • WASHINGTON, March 6- The Trump administration is reviewing the possibility of a key change to U.S. biofuels policy requested by oil refiners and Carl Icahn, the billionaire investor and special advisor on regulations to President Donald Trump, a White House official said on Monday. The administration has no position "either way on this issue at this time," the...

  • NEW YORK, March 3- The head of the Renewable Fuels Association says billionaire investor Carl Icahn told him last week President Donald Trump was about to issue an order overhauling the U.S. biofuels program- something both Icahn and the White House have denied. Clarifying for the first time how the Washington- based lobbying group had been led to believe Trump...