Hedge Funds Carl Icahn

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  • 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...

  • The company, controlled by billionaire investor Carl Icahn, said in September 2014 it would separate the motorparts and powertrain businesses into two publicly traded companies. The Southfield, Michigan- based supplier said on Friday it will continue to operate in two independent businesses- motorparts and powertrain- with separate CEOs who will report...

  • Jan 15- The owner of the Trump Taj Mahal casino in Atlantic City, New Jersey, may break its agreement with union workers, a U.S. appeals court ruled on Friday, potentially clearing the way for the company to exit Chapter 11 bankruptcy. The union, Unite Here Local 54, appealed. In Friday's ruling, a three-judge panel of the 3rd U.S. Circuit Court of Appeals in Philadelphia...

  • Buffett on track to lose $2 billion in Friday rout Friday, 15 Jan 2016 | 2:21 PM ET
    Warren Buffett

    Warren Buffett is having a VERY bad day.

  • WASHINGTON, Jan 15- More than 120 banks and other financial institutions on Friday posted plans for how they would wind down operations if they fail, without the help of public money. General Electric Capital Corporation, Prudential Financial and American International Group posted their plans, which were originally due July 1, along with other institutions...

  • Amid concerns that iPhone sales may be set to drop, the $77.3 billion American Funds Capital World Growth& Income Fund has sold all of its 1.7 million Apple shares since the end of June, according to Lipper data. The $9.3 billion Hartford Capital Appreciation Fund sold 1.4 million shares over the same period, reducing its position by 91 percent.

  • Jan 15- The owner of the Trump Taj Mahal casino in Atlantic City, New Jersey, may break its agreement with union workers, a U.S. appeals court ruled on Friday, potentially clearing the way for the company to exit Chapter 11 bankruptcy. The union, Unite Here Local 54, appealed. In Friday's ruling, a three-judge panel of the 3rd U.S. Circuit Court of Appeals in Philadelphia...

  • Hedge funds post worst year since 2011 Wednesday, 13 Jan 2016 | 9:04 AM ET
    Traders at desk

    Amid market turmoil, hedge funds posted their lowest annual returns in 2015 in four years, according to new data.

  • The business sells life insurance and other financial products across the United States, generating at least one fifth of MetLife earnings. Last January, the insurer asked a U.S. District Court to throw out the designation. MetLife's Chief Executive Steven Kandarian said in a statement on Tuesday the lagging retail section "risks higher capital requirements...

  • Jan 12- Billionaire activist investor Carl Icahn said on Tuesday he did own any stake in media company Time Warner Inc.. Reuters and the New York Post reported on Monday, citing anonymous sources, that Icahn was building an equity stake in Time Warner. Icahn waged an unsuccessful break-up campaign against Time Warner in 2006, when current Chief Executive...

  • Jan 12- Time Warner Inc Chief Executive Jeff Bewkes is against a sale or a spinoff of premium cable channel HBO, but hinted he would be open to a sale of the whole company, the New York Post reported, citing sources. Bewkes told investors in a series of closed-door meetings on Monday that splitting units HBO or the Turner Broadcasting cable-TV business wouldn't make...

  • Jan 11- Billionaire activist investor Carl Icahn is building an equity stake in Time Warner Inc, people familiar with the matter said on Monday. The New York Post said on Sunday that Icahn was believed to be buying up Time Warner shares and "will take another run at the company," citing anonymous sources. Icahn waged an unsuccessful break-up campaign against Time...

  • Carl Icahn denies building stake in Time Warner Tuesday, 12 Jan 2016 | 10:00 AM ET
    Carl Icahn denies building stake in Time Warner

    The activist investor says he does not own any shares in the media conglomerate.

  • Jan 11- Billionaire activist investor Carl Icahn is building an equity stake in Time Warner Inc, people familiar with the matter said on Monday, in a move that could lead to a major shake-up of the media conglomerate. The New York Post said on Sunday that Icahn was believed to be buying up Time Warner shares and "will take another run at the company," citing anonymous...

  • Icahn buying up Time Warner shares - sources Monday, 11 Jan 2016 | 7:44 PM ET

    Jan 11- Billionaire activist investor Carl Icahn is building an equity stake in Time Warner Inc, people familiar with the matter said on Monday, in a move that could lead to a major shake-up of the media conglomerate. Icahn's intentions when it comes to Time Warner are not yet known, the people said, asking not to be named because the matter was private.

  • Jan 8- New Jersey sued Advance Auto Parts Inc and Pep Boys- Manny, Moe& Jack, accusing the auto parts and services retailers of fraudulently overcharging customers in their stores, the state's acting attorney general said on Friday. New Jersey said that since April 2007, Advance Auto had violated a state "weights and measures" law intended to prevent overcharges at...

  • Jan 8- New Jersey sued Advance Auto Parts Inc and Pep Boys- Manny, Moe& Jack, accusing the auto parts and services retailers of fraudulently overcharging customers in their stores, the state's acting attorney general said on Friday. New Jersey said that since April 2007, Advance Auto had violated a state "weights and measures" law intended to prevent overcharges at...

  • Jan 8- Discount store chain Dollar Tree Inc said Howard Levine, the chief executive of its unit Family Dollar, will leave the company after completing his role in integrating the two companies. Dollar Tree said Gary Philbin, who was named Family Dollar's president and chief operating officer in July, will lead Family Dollar. Levine was criticized by billionaire...

  • NEW YORK, Dec 31- Shares of Apple Inc, the largest U.S. company by market value, are set to finish the year in the red on notable weakness for a stock that had largely been impervious to pain for several years. *Apple Inc shares are on track to finish the year down 4 percent, its first down year since 2008.. *Declines this year have wiped out about $57 billion in Apple's market...