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Carl Icahn

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  • Was Icahn right on PayPal?  Thursday, 22 Jan 2015 | 7:33 AM ET
    Reid Hoffman, founder and Chairman, Linkedin, at 2015 WEF in Davos, Switzerland.

    Reid Hoffman, LinkedIn co-founder, discuss why he initially disagreed with Carl icahn's plan to split PayPal from eBay.

  • US STOCKS-Futures edge up as investors await ECB, data Thursday, 22 Jan 2015 | 7:13 AM ET

    *F5 Networks down in premarket after results, outlook. NEW YORK, Jan 22- U.S. stock index futures gained slightly as investors awaited confirmation that the European Central Bank would announce new economic stimulus measures at a meeting on Thursday. *ECB President Mario Draghi will speak to the media at 8:30 a.m., and if the details of the plan are perceived as...

  • EBay's breakup plans may open door for e-commerce M&A Wednesday, 21 Jan 2015 | 9:45 PM ET

    SAN FRANCISCO, Jan 21- EBay Inc's plans to break up into three different companies could accommodate would-be suitors, signaling a potential merger fight after the breakup. The moves come as Wall Street analysts question how long eBay and PayPal can withstand growing competition from online rivals such as Amazon.com Inc, Google Inc and Alibaba Group Holding...

  • SAN FRANCISCO, Jan 21- EBay Inc plans to cut its workforce by 7 percent, or 2,400 jobs, in the current quarter and is exploring a sale or public offering of its enterprise unit as the e-commerce company prepares to split from its payments division, PayPal, this year. The jobs will be cut across the marketplace, payments and enterprise divisions, eBay said on Wednesday...

  • EBay to cut 2,400 jobs, spin off or sell enterprise unit Wednesday, 21 Jan 2015 | 4:41 PM ET

    NEW YORK— EBay plans to cut 2,400 jobs, or 7 percent of its staff, in the first quarter to simplify its structure and boost profit ahead of a planned separation of its business. Other developments Wednesday: EBay said it may also spin off or sell its enterprise unit, which develops online shopping sites for brick-and-mortar retailers, and agreed to add an executive...

  • Amazon spikes on Icahn rumors  Wednesday, 21 Jan 2015 | 11:13 AM ET

    CNBC's Dominic Chu reports Amazon shares are spiking on heavier than average volume. David Faber reports rumors activist investor Carl Icahn has a stake in Amazon are not true.

  • Box office top 20: 'American Sniper' hits $107 million Tuesday, 20 Jan 2015 | 6:16 PM ET

    1. "American Sniper," Warner Bros., $107,007,215, 3,555 locations, $30,100 average, $110,431,993, 4 weeks. 2. "Paddington," The Weinstein Co., $25,494,139, 3,303 locations, $7,718 average, $25,494,139, 1 week. 3. "The Wedding Ringer," Sony, $24,042,152, 3,003 locations, $8,006 average, $24,042,152, 1 week.

  • The new hedge fund firm, Hudson Executive Capital LP, is headed by Douglas Braunstein, a former JPMorgan chief financial officer, and James Woolery, the investment bank's one-time co-head of North American mergers and acquisitions. Traditional activist investors, such as Carl Icahn and William Ackman, tend to agitate for change, often trying to replace a...

  • NEW YORK— Clint Eastwood's R-rated Iraq War drama "American Sniper" opened in January like a superhero movie in July, taking in a record $105.3 million over the Martin Luther King Jr. four-day weekend. The previous biggest hit was Wes Anderson's " Grand Budapest Hotel," which made $59.1 million in its entire run. "It's become a cultural phenomenon," said Dan Fellman, head...

  • Value investor Nygren catching Chesapeake Energy Friday, 16 Jan 2015 | 8:24 AM ET

    Top fund manager Bill Nygren views the precipitous fall in energy stock prices as creating "the area to be opportunistic in."

  • Drop in oil catalyst for activism in Canada: Pro Thursday, 15 Jan 2015 | 4:16 PM ET
    A machine works at the Suncor Energy mine in this aerial photograph taken above the Athabasca oil sands near Fort McMurray, Alberta.

    Expect more shareholder activists to get involved in Canadian oil and gas companies, Maglan Capital's David Tawil told CNBC.

  • "It's an absolutely remarkable result for a year that saw so much tumult in the gaming market," said Israel Posner, executive director of the Lloyd D. Levenson Institute of Gaming Hospitality and Tourism at Stockton College. Four casinos in Atlantic City closed in 2014. A fifth, Trump Entertainment's Taj Mahal, narrowly averted closing and remains in bankruptcy.

  • Happy birthday, Jeff Bezos: Here's another $1.5M Monday, 12 Jan 2015 | 10:53 AM ET

    Amazon founder Jeff Bezos turns 51 Monday. We look at how fast he accumulated his wealth on a per-day basis, comparing that to other billionaires.

  • Roughly two years after promising to donate his personal winnings from his controversial $1 billion bet against nutritional and weight-loss company Herbalife Ltd., the hedge fund titan is making good on the pledge with a $10 million donation to a scholarship charity, his foundation said. Herbalife stock closed 2015' s first week of trading down 12 percent at...

  • Carl Icahn: Oil hasn't hit bottom yet Thursday, 8 Jan 2015 | 6:36 PM ET
    Carl Icahn

    With the oil market weighed down by oversupply, activist investor Carl Icahn said that he expects crude prices to slide further in the short-term.

  • Icahn: Fave Apple a no-brainer  Thursday, 8 Jan 2015 | 5:39 PM ET

    Is there any stock too big for an activist investor to be involved with? Carl Icahn of Icahn Enterprises answers. Also, he discusses his stake in Apple.

  • Carl Icahn: Oil likely to go even lower now  Thursday, 8 Jan 2015 | 5:27 PM ET
    Carl Icahn

    Due to oversupply in inventory, Carl Icahn of Icahn Enterprises, expects oil to go lower and says and there will eventually be great opportunities in the services area.

  • Ackman: After HLF, I'm done with 'public shorts' Wednesday, 7 Jan 2015 | 10:53 AM ET
    Bill Ackman joins Squawk Box on their first day at their new set in New York City.

    Wall Street may not have Bill Ackman to kick around anymore.

  • 3 hedge fund predictions for 2015  Wednesday, 31 Dec 2014 | 10:43 AM ET

    CNBC's Kate Kelly reveals what investors can expect from hedge funds and activists in 2015.

  • NEW YORK, Dec 30- A federal judge has rejected Wachtell, Lipton, Rosen& Katz's bid to dismiss CVR Energy Inc's lawsuit accusing the prominent New York law firm of malpractice in advising on a 2012 hostile takeover of the oil refiner by billionaire Carl Icahn. District Judge Richard Sullivan in Manhattan declined to end the federal case even though a New York state...