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Carl Icahn

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  • Health fund extends coverage for Taj Mahal workers Tuesday, 28 Oct 2014 | 10:27 AM ET

    ATLANTIC CITY, N.J.— A joint union-management health care fund is giving two months of extended insurance coverage to workers at Atlantic City's Taj Mahal Casino Resort. Unite Here Health, a fund run jointly by union and casino representatives, said it acted Tuesday due to what it called "unprecedented times in Atlantic City." They include union representatives...

  • Spirits move 'Ouija' to No. 1 at the box office Sunday, 26 Oct 2014 | 12:08 PM ET

    The horror movie release, timed to Halloween, attracted more moviegoers at the North America box office than the violent Keanu Reeves thriller " John Wick." Board-game adaptions such as "Ouija" have had a checkered history at the box office, with the big-budget "Battleship"— the last Hasbro game turned into a movie— famously flopping in 2012. But "Ouija," made by...

  • Oct 24- Consumer advocate Ralph Nader sent a letter to Apple Inc Chief Executive Officer Tim Cook urging the company to reduce its spending on share buybacks and use the money to raise wages, the Wall Street Journal reported on Friday. "'Designed by Apple in California' has a nicer ring to it than' assembled by workers paid about a dollar per hour, working 11- hour...

  • Oct 24- Consumer advocate Ralph Nader sent a letter to Apple Inc Chief Executive Tim Cook urging the company to reduce its spending on share buybacks and use the money to raise wages, the Wall Street Journal reported. "Designed by Apple in California has a nicer ringer to it than assembled by workers paid about a dollar per hour, working 11- hour shifts, and sleeping...

  • Union picket lines go up at Taj Mahal casino Friday, 24 Oct 2014 | 2:23 AM ET

    The demonstration came a day after billionaire Carl Icahn told The Associated Press the Trump Taj Mahal Casino Resort "will almost certainly close" and he wishes he'd never answered the phone when owner Trump Entertainment Resorts approached him about taking it over and investing $100 million to keep it afloat. Trump Entertainment CEO Robert Griffin said...

  • APNewsBreak: Icahn says Taj casino likely to close Thursday, 23 Oct 2014 | 6:10 PM ET

    ATLANTIC CITY, N.J.— Billionaire investor Carl Icahn says the struggling Trump Taj Mahal casino "will almost certainly close." Four of Atlantic City's 12 casinos have closed this year, and the Taj Mahal would be the fifth. Icahn, sounding very much like a man growing tired of the whole topic, said that even though he won't back out of a deal he made with owner Trump...

  • Taj Mahal casino workers dreading insurance loss Thursday, 23 Oct 2014 | 11:30 AM ET

    ATLANTIC CITY, N.J.— One worker had to move up a double mastectomy before her insurance runs out in a week. All three are longtime workers at Atlantic City's Taj Mahal casino, and in just over a week, the three will be without health insurance following a judge's termination of the union's contract with the bankrupt casino. When U.S. Bankruptcy Court Judge Kevin Gross...

  • Owners: Taj Mahal to stay open throughout November Wednesday, 22 Oct 2014 | 5:38 PM ET

    ATLANTIC CITY, N.J.— Trump Entertainment Resorts is dropping its threat to close Atlantic City's Taj Mahal casino on Nov. 13. Trump Entertainment has been pursuing a long-shot rescue plan to re-finance the company and transfer ownership to billionaire Carl Icahn, who would pump $100 million into it. "As of now we don't have any plan to close the Taj, but that could...

  • Fidelity star manager cuts Herbalife bet in third quarter Wednesday, 22 Oct 2014 | 3:21 PM ET

    BOSTON, Oct 22- One of Fidelity Investments' top stock pickers cooled on Herbalife Ltd in the third quarter, cutting his stake in the company after a profit miss and fresh allegations from billionaire investor William Ackman that it is a fraud. Steve Wymer, who runs the $41 billion Fidelity Growth Company Fund disclosed reducing his stake in Herbalife in a...

  • Icahn: 'Quite concerned' about stock market Tuesday, 21 Oct 2014 | 6:02 PM ET
    Carl Icahn

    Activist investor Carl Icahn revealed he is betting against the high-yield market, and that he is worried about the Fed's effect on stocks.

  • Icahn: Real problem with eBay     Tuesday, 21 Oct 2014 | 5:33 PM ET

    Icahn Enterprises Chairman Carl Icahn, weighs in on news Silicon Valley investor Marc Andreessen is leaving the board at eBay, as well as the management at the company.

  • Icahn: High yield market in bubble     Tuesday, 21 Oct 2014 | 5:28 PM ET

    Icahn Enterprises Chairman Carl Icahn, provides perspective on the high yield market.

  • Icahn: Apple a 'no brainer'     Tuesday, 21 Oct 2014 | 5:22 PM ET

    Icahn Enterprises Chairman Carl Icahn, is tight lipped on whether he bought more Apple shares since his recent letter to Tim Cook. He discusses criticisms regarding his activism with the company.

  • Hearing set for Trump casino name lawsuit Tuesday, 21 Oct 2014 | 2:13 PM ET

    The Trumps are suing Trump Entertainment Resorts in state court in New Jersey, seeking to have the Trump name stripped from the Taj Mahal. The real estate mogul and his daughter claim that Trump Entertainment, with which they are no longer involved, let the now-closed Trump Plaza and the Taj Mahal deteriorate to the point where it damages their personal brand.

  • Isaacson: Rather have Cook than Icahn     Tuesday, 21 Oct 2014 | 11:01 AM ET
    Tim Cook and Carl Icahn

    Apple should be proud, says Walter Isaacson, Aspen Institute CEO and author of "The Innovators," sharing his thoughts on Apple's earnings success and the tech giant's team approach.

  • Casino resisting Donald Trump's bid to remove name Monday, 20 Oct 2014 | 2:52 PM ET

    The real estate mogul and his daughter Ivanka Trump are suing Trump Entertainment Resorts, which he once ran, in state Superior Court, demanding that the Trump name come off the Taj Mahal as well. Ivanka Trump said on Monday that she and her father "vehemently disagree" with Trump Entertainment's stance regarding use of the Trump name and the claims the company...

  • Marc Andreessen resigns from eBay board Monday, 20 Oct 2014 | 1:40 PM ET

    NEW YORK— E-commerce site eBay Inc. said Monday that venture capitalist Marc Andreessen has resigned from its board, less than a month after the company announced a spinoff of its PayPal payments business. Icahn, who pushed for a PayPal spinoff, said at the time that Andreessen was advising and investing in eBay competitors. Shares of eBay, based in San Jose,...

  • BOSTON, Oct 20- Shares in Alpha Bank surged more than 13 percent on Monday after hedge fund manager David Einhorn recommended betting on Greek banks and against French debt. Speaking at the annual Robin Hood Investors Conference in New York, Einhorn recommended going long Alpha Bank and Piraeus Bank with warrants and shorting French debt as a hedge, according to...

  • NEW YORK, Oct 20- Corporate America's cash stockpile increased to a record $1.65 trillion in mid-2014 from $1.64 trillion at the end of 2013, although the pace of growth has slowed sharply, Moody's Investors Service said on Monday. "U.S. corporate cash balances continue to grow on the back of modest economic expansion," Richard Lane, Moody's senior vice president,...

  • Marc Andreessen to quit eBay board after split Monday, 20 Oct 2014 | 9:45 AM ET
    Marc Andreessen

    Marc Andreessen announced he will be stepping down from online retailer eBay's board.