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Hedge Funds Carl Icahn

  • Carl Icahn, billionaire activist investor, waits for Donald Trump, president and chief executive of Trump Organization Inc. and 2016 Republican presidential candidate, not pictured, to speak at an election night event in New York, U.S., on Tuesday, April 19, 2016.

    "He was smarter than I was. I stayed at the party," Wilbur Ross tells CNBC.

  • WASHINGTON, March 2- The Financial Stability Oversight Council, made up of all major U.S. financial regulators, met late on Thursday afternoon and reviewed its designation of a nonbank firm as "too big to fail," according to a statement from the Treasury Department. The council analyzes its designations each year to see if they are still relevant, but the Thursday...

  • WASHINGTON, March 2- The Financial Stability Oversight Council, made up of all major U.S. financial regulators, met late Thursday afternoon and reviewed its designation of a nonbank firm as "too big to fail," according to a statement from the Treasury Department. The council analyzes its designations each year to see if they are still relevant, but the Thursday...

  • NEW YORK, March 2- A coalition of trade groups representing oil, biofuels and other interests pressed the U.S. government on Thursday to deny requests to tweak the country's biofuels program, the latest in a series of political maneuvers that have roiled markets. Some 15 trade groups including the American Petroleum Institute, Biotechnology Innovation...

  • Carl Icahn sells the shuttered Trump Taj Mahal casino.

  • A sign marks the Trump Taj Mahal Hotel and Casino in Atlantic City, New Jersey.

    Billionaire Carl Icahn is selling the shuttered Trump Taj Mahal casino in Atlantic City to Hard Rock International and two New Jersey investors.

  • Trump continues to focus on drug pricing

    CNBC's Meg Tirrell reports the latest in healthcare, including what President Trump's address to Congress means for the space.

  • Richard Grubaugh (l), Richard Mulligan (c), and Alex Denner (r), of Icahn Partners.

    The hire signals Carl Icahn may be back, at a time when biotech valuations are 25 percent off their 2015 highs.

  • Feb 28- The White House on Tuesday denied that President Donald Trump planned to issue an executive order to change the national biofuels program, after the U.S. Renewable Fuels Association said Trump's team had informed the group an order was pending. White House spokeswoman Kelly Love, however, said on Tuesday afternoon "there is no ethanol executive order in...

  • It also drew sharp criticism from some ethanol groups who said Trumps regulation adviser, billionaire investor and refinery owner Carl Icahn, had engaged in self-dealing by pushing for the deal. The head of the Renewable Fuels Association said the White House had informed him that Trump intends to sign an executive order shifting the obligation of blending...

  • Feb 28- The head of the Renewable Fuels Association said on Tuesday that U.S. The news sent prices of compliance credits used to meet annual standards tumbling to as low as 30 cents apiece on Tuesday from 47 cents to 48 cents previously. Renewable Fuels Association Chief Executive Officer Bob Dinneen said a Trump administration official told the trade group...

  • Feb 27- Samuel Merksamer, who represents billionaire Carl Icahn on several corporate boards, has exited the activist investor's firm and a source familiar with his plans said that he is exploring launching his own hedge fund. Merksamer had since 2008 been a managing director at Icahn Capital, a unit of Icahn Enterprises LP, and served on the boards of more than a...

  • Feb 27- Samuel Merksamer, who represents billionaire Carl Icahn on several corporate boards, has exited the activist investor's hedge fund firm, and it was unclear on Monday how Icahn's interests will be represented at those companies going forward. Merksamer had since 2008 been a managing director at Icahn Capital, a unit of Icahn Enterprises LP, and served on...

  • Feb 27- Samuel Merksamer, who represents billionaire investor Carl Icahn on several corporate boards, has left the hedge fund firm Icahn Enterprises, according to an internal memo. The memo, sent internally at Icahn Enterprises in late December, did not give a reason for Merksamer's departure. According to his biographies on corporate websites, he sat on the...

  • Feb 27- Samuel Merksamer has left Icahn's hedge fund firm, according to an internal memo. He represents billionaire investor Carl Icahn on several corporate boards. According to his biography on corporate websites, he sat on the boards of American International Group Inc, Transocean Ltd, Navistar International Corp, Ferrous Resources Ltd, Hertz Global...

  • Feb 27- American International Group Inc's directors are discussing whether to penalize or oust Chief Executive Peter Hancock over a major setback in the insurance firm's turnaround plan, the Wall Street Journal reported, citing people familiar with the matter. AIG's net loss widened to $3.04 billion, or $2.96 per share, in the fourth quarter ended Dec. 31, from...

  • HOLLYWOOD, Fla., Feb 27- Shareholders are pressuring miner Freeport-McMoRan Inc to stand up to the Indonesian government over changes the Southeast Asian country wants to make in the U.S. miner's contract, Freeport's chief executive officer said on Monday. Rio Tinto Plc, which is a partner in Freeport's massive Grasberg copper and gold mine in Indonesia, is also...

  • Dollars cash

    Just 3 percent said returns topped expectations. Only 31 percent said returns met expectations, while 66 percent said returns fell short.

  • Feb 21- Insurance giant American International Group Inc has reached a deal to sell one of its lesser-known assets: a northern Vermont ski slope. Vail Resorts Inc, a Broomfield, Colorado- based company that runs mountain resorts, has signed a $50 million agreement to buy the ski operations of Stowe Mountain Resort from AIG's real-estate business, the resort...

  • Money drain losing money black hole

    Jim Cramer gives all the reasons why stocks are still undervalued in the market.