Hedge fund billionaire John Paulson netted $1.3 billion on an M&A deal, and Carl Icahn and Bill Ackman are "trading places" on Herbalife, reports CNBC's Kate Kelly.» Read More
CALGARY/ VANCOUVER, July 23- Talisman Energy Inc shares rose more than 12 percent on Wednesday as it confirmed it has been approached by Spain's Repsol SA about potential deals, raising the prospect that one of Canada's largest independent oil companies will sell off major assets or be taken over.
CALGARY, Alberta, July 23- Talisman Energy Inc said on Wednesday it has been approached by Repsol, a day after a report that the Spanish oil producer was considering a bid for Canada's No. 5 oil company.
NEW YORK— Activist investor Bill Ackman fired his latest salvo at the weight loss and nutritional supplements company Herbalife on Tuesday, alleging that one of the business models used by its distributors is evidence that the company operates as an illegal pyramid scheme.
Herbalife shares rose more than 17 percent to $63.29 in heavy volumes, more than recovering the losses made Monday after Ackman told CNBC he would expose Herbalife as an "incredible fraud" and deal the company a "death blow."
1. "Dawn of the Planet of the Apes," 20th Century Fox, $36,254,310, 3,969 locations, $9,134 average, $139,207,154, 2 weeks. 3. "Planes: Fire& Rescue," Disney, $17,509,407, 3,826 locations, $4,576 average, $17,509,407, 1 week. 4. "Sex Tape," Sony, $14,608,152, 3,062 locations, $4,771 average, $14,608,152, 1 week.
20th Century Fox's science fiction sequel outmuscled a trio of new films to top the North American box office for the second-straight week with $36 million, according to studio estimates Sunday. Universal's low-budget sequel to last year's surprise hit, "The Purge," opened with $28.4 million, down from the $34.1 million the original scared up on opening weekend.
CNBC's Kate Kelly shares highlights from Wednesday's Delivering Alpha annual conference, including Ken Griffin's recollections of Citadel's battle back from the brink, and Leon Cooperman's insights on the markets.
The billionaire investors, who have been at odds over nutrition and diet company Herbalife, made up in public on Wednesday, ending a decade long feud that exploded on cable television 18 months ago.
Bill Ackman, Pershing Square Capital Management, says he would love for Carl Icahn to take his profits in Herbalife.
Carl Icahn, Icahn Enterprises chairman, and Bill Ackman, Pershing Square Capital Management, share the stage to discuss how they've move past their feud over Herbalife.
Carl Icahn, Icahn Enterprises chairman, says companies need the right people to run them.
Bill Ackman, Pershing Square Capital Management, responds to criticism of his investment style.
Bill Ackman, Pershing Square Capital Management, feels Allergen's attacks are inappropriate.
Bill Ackman, Pershing Square Capital Management, discusses the respect he shares for Carl Ichan their difference in approach.
Carl Icahn, Icahn Enterprises chairman, discusses the performance of the Federal Reserve and its impact on our economy.
Carl Icahn, Icahn Enterprises chairman, discusses why he feels company boards should not micromanage.
Carl Icahn, Icahn Enterprises chairman, discusses the synergy between Family Dollar and Dollar General. Icahn also weighs in on long-term potential of FDO.
Weighing in on corporate governance, Carl Icahn, Icahn Enterprises chairman, discusses the performance of Apple and his relationship with Tim Cook.
Icahn Enterprises chairman Carl Icahn weighs in on the criticism of activist investing, with CNBC's Scott Wapner.
Icahn Enterprises chairman Carl Icahn discusses the insider trading investigation with CNBC's Scott Wapner.