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Carl Icahn

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  • When your stock price tumbles faster than the cost for a barrel of oil, it's hard for a company like Chesapeake Energy to give investors something to cheer about. But the Oklahoma City oil and gas provider did just that, when it said late Monday it would cut spending with a barrel of oil trading below $50 and the price for natural gas down 35 percent this year.

  • Lionsgate's "Insurgent," starring Shailene Woodley and Theo James, opened to more than $52 million in ticket sales. Warner Bros.' "Run All Night," starring Liam Neeson and Ed Harris, earned just over $5 million in its second week of release, followed closely by Open Road's "The Gunman." 1. "The Divergent Series: Insurgent," Lionsgate, $52,263,680, 3,875 locations, $13,487...

  • 'Insurgent' seizes top spot; 'The Gunman' misfires Sunday, 22 Mar 2015 | 12:06 PM ET

    The second installment in the "Divergent" series easily topped the box office with $54 million from 3,875 theaters, according to Rentrak estimates Sunday. Penn's geopolitical thriller stumbled with only $5 million. Many predicted a bit of growth for this second film, which sees the return of stars Shailene Woodley, Theo James, and Kate Winslet to author Veronica...

  • ATLANTIC CITY, N.J.— Ratcheting up his war of words with Atlantic City's main casino union, billionaire investor Carl Icahn on Thursday likened the group to mobsters demanding protection from merchants in return for not getting bricks through their windows. In a letter to members of Local 54 of the Unite-HERE union, the soon-to-be owner of the Trump Taj Mahal...

  • LOS ANGELES— A judge dismissed a lawsuit by Herbalife shareholders who claimed that the business structure and marketing practices of the weight loss and nutritional supplements company violated the law and that they lost money because it amounts to a pyramid scheme. Plaintiffs did not show that accusations by activist investor Bill Ackman proved fraud by...

  • Warner Bros.' Liam Neeson thriller "Run All Night" was mightily outshined by "Cinderella." 2. "Run All Night," Warner Bros., $11,012,305, 3,171 locations, $3,473 average, $11,012,305, 1 week. 4. "Focus," Warner Bros., $5,739,006, 2,855 locations, $2,010 average, $43,966,421, 3 weeks.

  • BOSTON, March 7- The largest new field of activist investors in years is shaking up corporate America, seeking to tap into billions of dollars in available capital and inspired by the outsized returns of brand-name agitators like William Ackman and Carl Icahn. Among the newcomers are firms like H Partners, Chieftain Capital, Isaac Capital, Vertex Capital, Jet...

  • Is Bill Ackman a pitchman for a financial app? Wednesday, 4 Mar 2015 | 12:30 PM ET
    Bill Ackman joins Squawk Box on their first day at their new set in New York City.

    Financial app mines your financial data while comparing portfolio results with top Wall Street hedge funds

  • Apple will hit $1 trillion when THIS happens Wednesday, 4 Mar 2015 | 10:46 AM ET
    People entering an Apple store in New York

    What's the next big market threshold for investors to watch? Apple at $1 trillion. USA Today reports.

  • March 2- USA Today publisher Gannett Co Inc said it had reached an agreement with Carl Icahn resulting in the activist investor withdrawing his nominations to the company's board. Icahn, who owns about 6.6 percent of Gannett, nominated two directors in January, saying he was concerned about decisions the company may make in anticipation of the proposed spinoff...

  • Gannett says Icahn withdraws director nominations Monday, 2 Mar 2015 | 7:30 AM ET

    March 2- USA Today publisher Gannett Co Inc said it had reached an agreement with Carl Icahn resulting in the activist investor withdrawing his nominations to the company's board. Icahn, who owns about 6.6 percent of Gannett, nominated two directors in January, saying he was concerned about decisions the company may make in anticipation of the proposed spinoff...

  • Hertz says restatement to dent profit more than expected Wednesday, 25 Feb 2015 | 9:40 AM ET

    Hertz also estimated fourth-quarter revenue below Wall Street expectations and said it expects a strong dollar to hurt 2015 revenue by about 3 percent. Hertz estimated that the restatement would reduce GAAP pre-tax income for 2011, 2012 and 2013 by about $153 million, up from its previous estimate of about $138 million. Hertz estimated fourth-quarter...

  • Feb 20- Sarissa Capital Management LP kicked off a proxy battle with Ariad Pharmaceuticals Inc, demanding the retirement of Harvey Berger, the drugmaker's chief executive and principal founder, as the company struggles with poor sales of its only drug on the market. Ariad's blood cancer drug, Iclusig, has failed to live up to sales expectations after the U.S. Food...

  • Feb 20- Sarissa Capital Management LP kicked off a proxy battle with Ariad Pharmaceuticals Inc on Friday, demanding the retirement of Harvey Berger, the drugmaker's chief executive and principal founder. The hedge fund, Ariad's largest shareholder with a 6.87 percent stake, according to Thomson Reuters data, has been negotiating Berger's exit with some of...

  • HOUSTON, Feb 20- Barely two months into his new job as the head of the world's largest offshore driller, Steven Newman was steering Transocean through the 2010 Gulf of Mexico oil spill, quickly earning a reputation as a CEO with a steady hand. A Transocean official declined to comment. According to a Transocean presentation, its fleet is about 25 percent larger than...

  • How to invest like a hedge fund whale on the cheap Wednesday, 18 Feb 2015 | 7:00 AM ET
    Carl Icahn

    Hedge fund investing is expensive, but following what the big-name managers do is not.

  • Whale Watch: Icahn ups his stake in eBay Wednesday, 18 Feb 2015 | 6:27 AM ET
    An employee at ebay in Berlin, Germany.

    Billionaire activist Carl Icahn slightly boosted his exposure to eBay by roughly $25 million in the fourth quarter, according to a regulatory filing.

  • Feb 16- The chief executive of Transocean Ltd, one of the world's top offshore drilling companies, is stepping down and the company is slashing its dividend as business slows on tumbling crude oil prices. Transocean said on Sunday that Chairman Ian Strachan, who previously held executive positions at Exxon Mobil Corp and Rio Tinto PLC, will serve as interim chief...

  • Feb 16- The chief executive of Transocean Ltd, which owns the world's largest fleet of offshore drilling rigs, is stepping down as it moves to slash its dividend amid the global slump in oil prices. Transocean's board also recommended lowering its annual dividend by 80 percent to 60 cents per share, as it seeks to conserve its capital. Newman, who joined the company...

  • Faber Report: Demise of Drexel   Friday, 13 Feb 2015 | 9:17 AM ET
    Faber Report: Demise of Drexel

    CNBC's David Faber takes a look back at the collapse of Drexel Burnham 25 years ago.