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Carl Icahn

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  • Feb 20- Sarissa Capital Management LP kicked off a proxy battle with Ariad Pharmaceuticals Inc, demanding the retirement of Harvey Berger, the drugmaker's chief executive and principal founder, as the company struggles with poor sales of its only drug on the market. Ariad's blood cancer drug, Iclusig, has failed to live up to sales expectations after the U.S. Food...

  • Feb 20- Sarissa Capital Management LP kicked off a proxy battle with Ariad Pharmaceuticals Inc on Friday, demanding the retirement of Harvey Berger, the drugmaker's chief executive and principal founder. The hedge fund, Ariad's largest shareholder with a 6.87 percent stake, according to Thomson Reuters data, has been negotiating Berger's exit with some of...

  • HOUSTON, Feb 20- Barely two months into his new job as the head of the world's largest offshore driller, Steven Newman was steering Transocean through the 2010 Gulf of Mexico oil spill, quickly earning a reputation as a CEO with a steady hand. A Transocean official declined to comment. According to a Transocean presentation, its fleet is about 25 percent larger than...

  • How to invest like a hedge fund whale on the cheap Wednesday, 18 Feb 2015 | 7:00 AM ET
    Carl Icahn

    Hedge fund investing is expensive, but following what the big-name managers do is not.

  • Whale Watch: Icahn ups his stake in eBay Wednesday, 18 Feb 2015 | 6:27 AM ET
    An employee at ebay in Berlin, Germany.

    Billionaire activist Carl Icahn slightly boosted his exposure to eBay by roughly $25 million in the fourth quarter, according to a regulatory filing.

  • Feb 16- The chief executive of Transocean Ltd, one of the world's top offshore drilling companies, is stepping down and the company is slashing its dividend as business slows on tumbling crude oil prices. Transocean said on Sunday that Chairman Ian Strachan, who previously held executive positions at Exxon Mobil Corp and Rio Tinto PLC, will serve as interim chief...

  • Feb 16- The chief executive of Transocean Ltd, which owns the world's largest fleet of offshore drilling rigs, is stepping down as it moves to slash its dividend amid the global slump in oil prices. Transocean's board also recommended lowering its annual dividend by 80 percent to 60 cents per share, as it seeks to conserve its capital. Newman, who joined the company...

  • Faber Report: Demise of Drexel   Friday, 13 Feb 2015 | 9:17 AM ET
    Faber Report: Demise of Drexel

    CNBC's David Faber takes a look back at the collapse of Drexel Burnham 25 years ago.

  • Apple to hit $1 trillion market cap? Not so fast... Friday, 13 Feb 2015 | 7:21 AM ET
    Apple has a lot of extra cash now but where will it put its money next.

    Carl Icahn thinks Apple is already worth over $1 trillion but others think it will take a while for the iPhone maker's stock value to get there.

  • Apple $1 trillion market value could be years away Friday, 13 Feb 2015 | 3:45 AM ET
    An Apple Store in Tianjin, China.

    Activist Investor Carl Icahn thinks Apple is already worth over $1 trillion but others on Wall Street think it will take a few more years for the iPhone maker's stock value to get there.

  • SAN FRANCISCO, Feb 12- Activist Investor Carl Icahn thinks Apple Inc is already worth over $1 trillion but others on Wall St. think it will take a few more years for the iPhone maker's stock value to get there. With Apple's stock market value ballooning this week beyond $700 billion, larger than Switzerland's gross domestic product, activist investor Icahn said...

  • Icahn: Buyback always been a no-brainer   Thursday, 12 Feb 2015 | 12:00 PM ET
    Icahn: Buyback always been a no-brainer

    Carl Icahn is taking a strong stance on Apple concerning its buyback, reports CNBC's Scott Wapner. The FMHR traders share their view.

  • CNBC update: Icahn says Apple $1 trillion company   Thursday, 12 Feb 2015 | 10:32 AM ET
    CNBC update: Icahn says Apple $1 trillion company

    Carl Icahn thinks Apple should be trading at $216 per share, and American Express has ended its partnership with Costco, reports CNBC's Sue Herera.

  • *Europe agrees on way forward for Greece. *Apple rises after Icahn letter. NEW YORK, Feb 11- U.S. stock futures rose late on Wednesday after Europe agreed on a way forward with Greece on debt negotiations that had been holding back U.S. investors worried about European stability.

  • *PepsiCo climbs after results, Wal-Mart off on Canada plans. NEW YORK, Feb 11- The S&P 500 index finished unchanged on Wednesday as investors were reluctant to make big bets while they waited for the outcomes of major talks involving Greece and Ukraine, but Apple helped boost the Nasdaq after an activist investor's bullish comments. Adding to the market's...

  • UPDATE 1-Icahn values Apple at more than $1 trillion Wednesday, 11 Feb 2015 | 4:18 PM ET

    Feb 11- Activist investor and major Apple Inc shareholder Carl Icahn said the iPhone maker's stock should be trading at $216, far above its record high of $124.92 hit on Wednesday. At $216 per share, Apple- already the world's most valuable company- would be worth about $1.3 trillion, or about the size of South Korea's gross domestic product. Icahn said Apple should...

  • Icahn values Apple at more than $1 trillion Wednesday, 11 Feb 2015 | 3:36 PM ET

    Feb 11- Activist investor Carl Icahn said Apple Inc's stock should be trading at $216, far above its record high of $124.92 hit on Wednesday. At $216 per share, Apple would be valued at about $1.3 trillion, compared with about $700 billion currently. "Also, to the extent Apple introduces a TV in FY 2016 or FY 2017, we believe this 20 X multiple is conservative," the...

  • Feb 9- Canada's Uni-Select Inc said it would sell its U.S. auto parts distribution business to activist investor Carl Icahn's investment company Icahn Enterprises LP for about $340 million. Icahn Enterprises said in a regulatory filing that the business acquired from Uni-Select would be operated independently from its auto parts subsidiary...

  • Midday update: Beef, Icahn & Bill Gates   Monday, 9 Feb 2015 | 1:29 PM ET
    Midday update: Beef, Icahn & Bill Gates

    CNBC's Sue Herera reports on this hour's top headlines, including McDonald's weaker than expected sales, and Carl Icahn winning a seat on Manitowoc's board.

  • Feb 9- Crane maker Manitowoc Co Inc said activist investor Carl Icahn will have the option to nominate a person to the company's board as part of a settlement agreement. The settlement comes barely two weeks after Manitowoc said it would spinoff its high-margin foodservice business, after Icahn joined Ralph Whitworth's Relational Investors in pushing for...