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Carl Icahn

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  • Hertz adds Icahn-backed candidates to its board Tuesday, 16 Sep 2014 | 8:28 AM ET

    NAPLES, Fla.— Dodging a proxy fight with billionaire Carl Icahn, Hertz has added three of his chosen candidates to the board. Hertz CEO and Chairman Mark Frissora resigned earlier this month for personal reasons.

  • Ackman to use dual share class for European IPO Monday, 15 Sep 2014 | 5:46 PM ET
    Bill Ackman

    As CEO of his own soon-to-be public company, Bill Ackman will use a dual share-class structure that has been considered unfriendly to investors.

  • 'No Good Deed' defeats 'Guardians' at theaters Sunday, 14 Sep 2014 | 12:27 PM ET

    The Sony thriller "No Good Deed," which stars Elba as an escaped convict and Taraji P. Henson as the innocent he terrorizes, opened on top of the box office with $24.5 million, according to studio estimates Sunday. "It's a movie that we really loved and felt that it was going to win," said Sony distribution chief Rory Bruer.

  • NEW YORK, Sept 12- Hertz Global and Ulta Salon Cosmetics were among the biggest premarket movers on Friday, with both companies rallying on heavy volume. Shares of Hertz gained 4.6 percent to $29.03 a day after billionaire investor Carl Icahn won three board seats at the car renter.

  • Sept 11- Billionaire investor Carl Icahn's son, Brett Icahn, has scrapped plans to start his own hedge fund firm and will continue staying with his father's firm, a source familiar with the situation told Reuters on Thursday.

  • Icahn wins three board seats at Hertz, shares jump Thursday, 11 Sep 2014 | 5:44 PM ET

    Hertz invited Icahn's nominees onto the board less than four weeks after the New York- based investor announced that he had become the company's biggest investor with an 8.7 percent stake and that he planned to push management for changes.

  • Hertz to add 3 Icahn candidates to board Thursday, 11 Sep 2014 | 4:37 PM ET

    Hertz said Thursday it plans to add three candidates nominated by Carl Icahn to its board of directors in a move that will avert a proxy battle with the activist investor. Icahn owns about 8.5 percent of Hertz, making him the auto rental company's largest shareholder.

  • Hertz to appoint three Icahn nominees to its board Thursday, 11 Sep 2014 | 4:33 PM ET

    Sept 11- Car rental company Hertz Global Holdings Inc said it would add three directors nominated by billionaire investor Carl Icahn to its board.

  • Correction: Hertz-CEO story Wednesday, 10 Sep 2014 | 3:59 PM ET

    NEW YORK— In a story Sept. 8 about the resignation of Hertz Chairman and CEO Mark Frissora, The Associated Press reported erroneously the year Frissora became CEO. NEW YORK— Hertz Chairman and CEO Mark Frissora has stepped down from his posts for personal reasons.

  • Trump Entertainment begins race to save AC casino Wednesday, 10 Sep 2014 | 2:21 PM ET
    The Trump Taj Mahal in Atlantic City, N.J.

    Trump Ent. received bankruptcy approval for an deal that gives it 30 days to craft a turnaround plan to save its Taj Mahal casino-hotel.

  • Icahn’s firm makes fat-finger error in SEC filing Wednesday, 10 Sep 2014 | 7:47 AM ET
    Carl Icahn

    Billionaire Carl Icahn's firm made a typo in a regulatory filing that erroneously said it had upped its stake in Gannett.

  • Dollar General goes hostile in bid for rival Wednesday, 10 Sep 2014 | 6:44 AM ET

    Dollar General is going hostile with its $9.1 billion bid for Family Dollar after its rival repeatedly rejected previous offers. The discount chain has commenced an open offering to investors of Family Dollar Stores Inc. for $80 per share in cash.

  • Trump Entertainment gets interim operating cash Wednesday, 10 Sep 2014 | 6:16 AM ET

    WILMINGTON, Del.— A Delaware bankruptcy judge on Wednesday agreed to allow Trump Entertainment Resorts to temporarily continue operations using cash owed to billionaire Carl Icahn, the company's sole secured lender.

  • Activist Icahn maintains existing stake in Gannett Tuesday, 9 Sep 2014 | 6:32 PM ET
    Carl Icahn, billionaire investor and chairman of Icahn Enterprises Holdings LP

    Carl Icahn owns a 6.6 percent stake in the media company, according to public filings.

  • *Trump Entertainment Resorts files for Chapter 11. Sept 9- Trump Entertainment Resorts Inc, which runs two casinos in Atlantic City, filed for bankruptcy protection for a third time, in another blow to the city's crumbling casino industry.

  • Sept 9- Trump Entertainment Resorts Inc, which operates two casinos in Atlantic City, joined the list of casino operators in New Jersey that have filed for bankruptcy. The company, which Donald Trump founded but no longer controls, operates the Trump Taj Mahal Casino Resort and the Trump Plaza Hotel and Casino in Atlantic City.

  • Sept 9- Trump Entertainment Resorts Inc, which operates two casinos in Atlantic City, joined the list of casino operators in New Jersey that have filed for bankruptcy. Trump Entertainment operates the Trump Taj Mahal Casino Resort and the Trump Plaza Hotel and Casino in Atlantic City.

  • 'Guardians' lands $10.4 million at box office Monday, 8 Sep 2014 | 5:12 PM ET

    The Fox comedy "Let's Be Cops" starring Damon Wayans Jr. and Jake Johnson slid into third place with $5.6 million, bringing its total to $66.8 million after four weeks at theaters. 2. "Teenage Mutant Ninja Turtles," Paramount, $6,506,688, 3,273 locations, $1,988 average, $174,653,217, 5 weeks.

  • Hertz CEO Frissora resigns, citing personal reasons Monday, 8 Sep 2014 | 1:37 PM ET
    Mark Frissora, CEO and chairman of Hertz

    Hertz Global Holdings on Monday announced Chairman and CEO Mark Frissora is stepping down, citing personal reasons.

  • Hertz's shares rose as much as 5 percent after the No. 2 U.S. car rental company said it had begun the search for a replacement. Brian MacDonald, CEO of Hertz's equipment rental business, which will soon be spun off, was named interim chief executive.