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Carl Icahn

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  • Dec 18- Billionaire investor Carl Icahn offered $20 million in financing on Thursday to keep the Trump Taj Mahal from becoming the fifth casino to close this year in New Jersey's troubled Atlantic City, was once the only major destination for gamblers on the U.S. East Coast. The Taj, owned by bankrupt Trump Entertainment Resorts Inc., is slated to close on Saturday.

  • Dec 18- Billionaire investor Carl Icahn offered to lend $20 million to help bankrupt casino operator Trump Entertainment Resorts Inc keep its Trump Taj Mahal casino in Atlantic City open.

  • Icahn promises Taj Mahal casino $20M to stay open Thursday, 18 Dec 2014 | 1:57 PM ET

    In a letter dated Thursday, Icahn promised Trump Entertainment Resorts that he would provide enough money to keep the casino open throughout bankruptcy proceedings. "Many people would still argue that it would be a better financial decision for me to let the Taj close and wait to see whether a global settlement can be reached," Icahn wrote to Trump Entertainment...

  • Casino union defies deadline in Taj Mahal showdown Monday, 15 Dec 2014 | 5:26 PM ET

    ATLANTIC CITY, N.J.— A casino workers union in Atlantic City defied a company-imposed deadline Monday to withdraw its appeal of a court-ordered, cost-cutting package. Local 54 of the Unite-HERE union ignored the deadline imposed last week by Trump Entertainment Resorts to withdraw its appeal of a bankruptcy court order that terminated the union contract...

  • Golden Nugget to sue over casino tax aid plan Thursday, 11 Dec 2014 | 8:36 PM ET

    The Golden Nugget said Thursday its calculations of the amount each casino would pay under a proposed payment in lieu of taxes drastically raises taxes for it, Resorts and Bally's— three of the city's smaller casinos— while giving huge tax breaks to big casinos owned or soon to be owned by billionaire Carl Icahn and gambling giant Caesars Entertainment.

  • Taj Mahal gives union till Monday to drop appeal Thursday, 11 Dec 2014 | 10:15 AM ET

    ATLANTIC CITY, N.J.— The owners of the Trump Taj Mahal casino say Atlantic City's main casino workers' union has reneged on a deal to keep the casino open and save its 3,000 jobs. In a letter sent Thursday to Bob McDevitt, president of Local 54 of the Unite-HERE union, Trump Entertainment Resorts CEO Bob Griffin gave the union until 5 p.m. Monday to drop its appeal of a...

  • 'Mockingjay' claims 3rd week atop box office Monday, 8 Dec 2014 | 4:44 PM ET

    Fox's animated "Penguins of Madagascar" came in second with $10.9 million, followed by Warner Bros.' raunchy comedy "Horrible Bosses 2.". 2. "Penguins Of Madagascar," 20th Century Fox, $10,907,030, 3,775 locations, $2,889 average, $49,397,566, 2 weeks. 3. "Horrible Bosses 2," Warner Bros., $8,421,307, 3,400 locations, $2,477 average, $35,896,073, 2 weeks.

  • Mayor: Tax help bills should save Taj Mahal casino Monday, 8 Dec 2014 | 3:30 AM ET

    TRENTON, N.J.— A tax stabilization plan making its way through the state Legislature should keep Atlantic City's Trump Taj Mahal casino from closing, the city's mayor said. The casino's owner, Trump Entertainment Resorts, has set a Dec. 20 closing date for it. The plan approved Monday by the Senate budget committee lets the Trump Taj Mahal and Atlantic City's other...

  • Carl Icahn raises stake in car rental company Hertz Tuesday, 25 Nov 2014 | 6:44 PM ET

    The billionaire was already Hertz's largest shareholder and in the past few months had successfully pushed for management changes and won board seats on the company. Earlier this month, Icahn-backed John Tague was named as Hertz's chief executive, fending off a challenge from Dollar Thrifty CEO Scott Thomson, who was backed by Jana Partners, the company's...

  • Icahn ups stake in Hertz: Report  Tuesday, 25 Nov 2014 | 5:37 PM ET

    CNBC's Dominic Chu reports Carl Icahn has increased his stake in Hertz Global. Trader Karen Finerman provides insight.

  • Icahn not involved in IBM  Monday, 24 Nov 2014 | 2:15 PM ET

    CNBC's Scott Wapner reports Carl Icahn has no involvement with IBM.

  • UPDATE 1-Hertz Global names John Tague as CEO Thursday, 20 Nov 2014 | 5:52 PM ET

    Nov 20- U.S. car rental company Hertz Global Holdings Inc named John Tague as chief executive, overlooking a candidate put forward by activist investor Jana Partners. Hertz had formed a search committee including two independent directors nominated by Icahn to find a replacement for Mark Frissora, who resigned in September. The Committee and the Board...

  • Hertz names Icahn-backed candidate as CEO Thursday, 20 Nov 2014 | 4:25 PM ET
    John Tague in 2003

    Sources familiar with the search have said that a number of funds were pushing for a different candidate, former Dollar Thrifty CEO Scott Thompson.

  • NEW YORK, Nov 20- Six years of interest rate suppression by the U.S. "The high-yield market is sort of in a bubble and sooner or later there will be a price paid for that," said Carl Icahn, the billionaire investor who said he owns credit default swaps on high yield debt against the 5- year U.S. Martin Fridson, chief investment officer of wealth management firm Lehmann...

  • NEW YORK, Nov 19- Several months ago, U.S. mutual funds scooped up most of the $1.25 billion in high-yield junk bonds issued by Denbury Resources Inc, a Plano, Texas, oil and gas exploration company. The 5.5 percent coupon on the Denbury bonds maturing in 2022 attracted a number of U.S. mutual fund buyers, including the Franklin Income Fund, which held nearly 10 percent...

  • Carl Icahn does what Donald Trump could not Wednesday, 19 Nov 2014 | 11:15 AM ET

    Carl Icahn has reportedly purchased the home of Vera Coking, who made headlines after resisting overtures to sell from Donald Trump.

  • Watch Carl Icahn's correction calls from this year Tuesday, 18 Nov 2014 | 3:00 PM ET
    Carl Icahn

    Billionaire investor Carl Icahn called for a "major correction" on Monday, and he gave his dire prediction plenty of runway—about three to five years.

  • Europe closes positive as German data beats Tuesday, 18 Nov 2014 | 11:32 AM ET

    European shares closed in positive territory on Tuesday as new data for Germany beat expectations and buoyed investor sentiment.

  • NEW YORK, Nov 18- It might seem odd taking serious financial advice from someone long associated with infomercials and fire walks. Which perhaps is why Tony Robbins, one of America's foremost motivational gurus and performance coaches, has loaded his new book "Money: Master The Game" with interviews from people like Berkshire Hathaway's Warren Buffett, investor...

  • Dow could pass 20K by end of 2015: Jeremy Siegel Tuesday, 18 Nov 2014 | 8:47 AM ET

    Longtime bull Jeremy Siegel told CNBC he sees favorable market trends—including the prospect for solid economic growth—that could send the Dow past 20,000 by the end of 2015.