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Carl Icahn

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  • 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 John Tague as new CEO Thursday, 20 Nov 2014 | 5:20 PM ET

    NEW YORK— Hertz, which is the midst of correcting past accounting problems, said Thursday that it named John Tague as its new chief executive officer. Hertz announced in June that it needed to review financial reports from the last three years and restate 2011 results. Carl Icahn, the activist investor whose hedge fund owns an 8.5 percent stake in Hertz, said in a...

  • 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...

  • Future dim for Taj Mahal, former Revel casinos Thursday, 20 Nov 2014 | 10:03 AM ET

    Trump Entertainment Resorts has said it will close the casino Dec. 12. Judge Kevin Gross issued an order late Wednesday scheduling the hearing on whether it's time to pull the plug on Trump Entertainment, which is about to close its last remaining casino. Gross also said that the main parties to the case— Trump Entertainment, billionaire Carl Icahn as its main...

  • 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 bought home of woman who took on Trump Tuesday, 18 Nov 2014 | 12:36 PM ET

    ATLANTIC CITY, N.J.— Billionaire investor Carl Icahn is the person who bought an Atlantic City property that earned its owner folk hero status for resisting decades of overtures from developers including Donald Trump. Citing real estate records, The Press of Atlantic City reports Icahn's IEH Investments LLC paid $583,000 for Vera Coking's modest...

  • 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.

  • Mega-mergers are popular again on Wall Street Tuesday, 18 Nov 2014 | 6:47 AM ET

    Deals worth $100 billion on Monday put the Street on pace for a year rivaling the dot-com bubble era and the private equity surge just before the financial crisis.

  • Billionaire investor Carl Icahn told Reuters on Monday he sees a 'major correction' hitting the stock market in the next three to five years.

  • 'Major correction' in 3 to 5 years, Icahn says Monday, 17 Nov 2014 | 4:33 PM ET
    Carl Icahn

    Activist investor Carl Icahn isn't forecasting a dramatic stock market drop yet, but he's still bracing for an equity sell-off in the next few years.

  • NEW YORK, Nov 17- Gains in shares of Apple Inc could take the world's largest publicly traded company to a market capitalization of perhaps as high as $1 trillion, some of the country's biggest investors said on Monday. Apple's current market cap stands at about $670 billion, according to Thomson Reuters data. "Apple is one of the best companies I would say of the last...

  • Nov 17- Carl Icahn isn't forecasting a dramatic stock market drop quite yet, but the billionaire investor is still bracing for an equity sell-off in the next three to five years, he told Reuters on Monday. "I am still concerned that one day you'll see a break like you had a few weeks ago," Icahn said at the Reuters Investment Outlook Summit in New York on Monday, "but it...

  • REUTERS SUMMIT-CARL ICAHN STILL HEDGING AGAINST STOCK-MARKET DECLINE, BELIEVES THERE WILL BE A' MAJOR CORRECTION' IN NEXT THREE TO FIVE YEARS.

  • 'Dumb and Dumber To' tops box office with $38.1M Sunday, 16 Nov 2014 | 11:57 AM ET

    Christopher Nolan's sci-fi epic "Interstellar" slid to third in its second week with an estimated $29.2 million. The film continues to blast off overseas, where it took in $106 million over the weekend, with sales particularly boosted by a strong opening in China. "This was a gamble," said Paul Dergarabedian, senior media analyst for box-office tracker Rentrak.

  • NEW YORK, Nov 14- Billionaire activist investor Carl Icahn increased his stake in e-commerce company eBay Inc. while booking more profits from his stake in Netflix Inc. in the third quarter, a regulatory filing showed on Friday. He cut his stake in Netflix, the streaming video company, by 353,000 shares to 1.4 million shares, a filing with the Securities and...

  • BOSTON, Nov 14- Soros Fund Management, one of the world's most widely followed investment firms, slashed its stake in Herbalife Ltd. by 60 percent during the third quarter, a period when Herbalife missed Wall Street earnings estimates and its stock price tumbled. Herbalife has become one of America's most closely watched companies since billionaire investor...

  • Court papers filed to close Trump Taj Mahal casino Friday, 14 Nov 2014 | 4:00 PM ET

    In filing a revised reorganization plan in Delaware bankruptcy court, Trump Entertainment Resorts said its board has approved a shutdown of the casino by Dec. 12. "The debtors have initiated appropriate steps to cease operations at the Taj Mahal consistent with that time frame," Trump Entertainment attorneys wrote. "I want them to know that the city of Atlantic...

  • Hertz said in June it would restate results for 2011 due to accounting errors and would review 2012 and 2013 statements. Hertz said on Friday the errors would reduce its attributable net income by about $87 million for the three years. Hertz reported preliminary revenue of $3.12 billion for the third quarter ended Sept. 30.

  • Hertz said in June it would restate results for 2011 due to accounting errors and would review 2012 and 2013 statements. Hertz said on Friday the errors would reduce its attributable net income by about $87 million for the three years. Hertz said it started a cost-cutting program and expects savings of about $100 million by the end of 2015..