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Carl Icahn

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  • *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

    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...

  • Faber Report: Icahn wins a board seat  Monday, 9 Feb 2015 | 9:41 AM ET

    CNBC's David Faber reports Manitowoc reaches an agreement with billionaire activist Carl Icahn for a seat on MTW's food service spinoff.

  • Crane maker Manitowoc settles with Carl Icahn Monday, 9 Feb 2015 | 9:34 AM ET

    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. Icahn, the company's second-largest shareholder, will also have the right to nominate a person to the board of the company's food services business after its spinoff. The company decided to spin...

  • Feb 3- Activist investor Mick McGuire said Tuesday Lear Corp's stock price could surge by nearly 50 percent if the auto supplier splits into two publicly traded companies, a proposal that Lear's management said it was considering. McGuire's $3- billion hedge fund Marcato Capital Management, which owns 4.6 percent of Lear's shares, proposed dividing the auto...

  • Crane maker Manitowoc to spin off foodservice business Thursday, 29 Jan 2015 | 5:52 PM ET

    Jan 29- Crane maker Manitowoc Co Inc said it would spinoff its high-margin foodservice business into a publicly traded company, sending the company's shares up 8 percent in extended trading. Activist investors Carl Icahn and Ralph Whitworth's Relational Investors had been pushing the company over the past few months to split its cranes and foodservice...

  • Jan 28- Money managers, because they do their job with an eye to their own bottom line, tend to drive over-valued assets higher and undervalued ones lower. This momentum following and index hugging manages to drive the market as a whole higher while leaving clients concentrated in assets that may underperform. As a consequence, they become less willing to deviate...

  • Sargon's Schechter: Revising Apple's guidance  Wednesday, 28 Jan 2015 | 12:37 PM ET

    Given Apple's strong performance in the last quarter, David Schechter, Sargon Portfolio, is currently revising model and could argue for a higher valuation.

  • Carl Icahn: Apple should do bigger buyback  Wednesday, 28 Jan 2015 | 12:30 PM ET

    Icahn Enterprises chairman Carl Icahn thinks Apple's Tim Cook has done a magnificent job but needs to do bigger buybacks. Icahn also says a short squeeze in the company is now occurring.

  • Icahn: Why I'm very pleased with Apple  Wednesday, 28 Jan 2015 | 12:30 PM ET

    Icahn Enterprises chairman Carl Icahn is very pleased with Apple's quarter and says he will revise guidance. Brett Icahn, Sargon Portfolio, provides perspective.

  • UPDATE 1-Nelson Peltz slashes stake in Family Dollar Tuesday, 27 Jan 2015 | 7:11 AM ET

    Jan 27- Investor Nelson Peltz's Trian Fund Management LP slashed its stake in Family Dollar Stores Inc by more than two-thirds to 2.07 percent, days after the company's shareholders agreed to Dollar Tree Inc's $8.5 billion buyout offer. Garden also served on a committee of four directors that oversaw Family Dollar's review of strategic alternatives...

  • NEW YORK, Jan 22- Billionaire investor Carl Icahn, whose portfolio is stocked with oil companies, said on Thursday that he expects the price of oil to fall further before it recovers on increased demand. Icahn said he placed the currency bet about 2-1/ 2 to three years ago, when one euro bought about $1.28 U.S. dollars. While one euro bought as many as $1.3992 U.S. dollars...

  • Icahn: Oil will go lower, 'tremendous opportunity' Thursday, 22 Jan 2015 | 1:53 PM ET
    Carl Icahn

    The price of oil will go lower as supply and demand remain unbalanced, activist investor Carl Icahn tells CNBC.

  • Jan 22- Activist investor Carl Icahn nominated two directors to USA Today publisher Gannett Co Inc's board and pushed for changes in the company's corporate governance practices. Gannett's shares rose as much as 3.9 percent to $32.58 on the New York Stock Exchange. Gannett said in August it would separate its slow-growing print operations, including USA...

  • Icahn: I stick with euro/dollar short  Thursday, 22 Jan 2015 | 12:50 PM ET

    Carl Icahn, chairman of Icahn Enterprises, discusses central bank action, and his view of the global market.