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Carl Icahn


  • *Altera rallies on Intel M&A report. U.S. homebuilder sentiment fell in May although most builders view market conditions as favorable, the National Association of Home Builders said on Monday. "It's becoming more of the collective thought that the Fed can wait, because you really don't see any blistering growth," said Kurt Brunner, a portfolio manager at...

  • What's up with Carl Icahn's sudden car obsession? Monday, 18 May 2015 | 3:56 PM ET
    Carl Icahn

    Carl Icahn has a new obsession with cars. After plunging $100 million into Lyft, Icahn is writing at length about Apple's role in the market.

  • NEW YORK/ SAN FRANCISCO, May 18- Apple Inc was handed a mixed ruling by a U.S. appeals court in the latest twist in a blockbuster intellectual property battle with Samsung Electronics Co Ltd, as a prior patent infringement verdict was upheld but a trademark finding that the iPhone's appearance could be protected was thrown out. That means up to 40 percent of a $930...

  • *Altera rallies on Intel M&A report. "It's becoming more of the collective thought that the Fed can wait because you really don't see any blistering growth," said Kurt Brunner, a portfolio manager at Swarthmore Group in Philadelphia. Apple's shares rose 1.39 percent to $130.57 after billionaire investor Carl Icahn said the stock was "still dramatically...

  • Taxi medallions becoming unsellable Monday, 18 May 2015 | 1:58 PM ET
    A woman hails a taxi in New York.

    The slide in medallion prices has left many owner-operators and big fleet managers pessimistic about their assets, USA Today reports.

  • Portfolio manager: I hope Icahn's right about Apple Monday, 18 May 2015 | 1:22 PM ET
    Carl Icahn

    Gavin Baker said he hopes Carl Icahn's bullish call on Apple turns out to be correct, and here's why.

  • US STOCKS-Dow, S&P touch record highs Monday, 18 May 2015 | 1:04 PM ET

    *Ann rises after Ascena Retail takeover offer. The National Association of Home Builders/Wells Fargo Housing Market index fell to 54 from 56 in April. "Right now with the way things are going, especially with the yield curve getting steeper, it's going to be less and less likely the Fed will raise rates in September," John Burke, CEO of Burke Financial Strategies in...

  • May 18- Billionaire investor Carl Icahn said Apple Inc's stock was "still dramatically undervalued" and that it should be trading at $240, up from his earlier estimate of $216. Apple boosted its share repurchase program in April to $140 billion from $90 billion announced last year and raised quarterly dividend by 11 percent to 52 cents per share.

  • Icahn: Apple shares should double Monday, 18 May 2015 | 11:33 AM ET
    Billionaire activist investor Carl Icahn.

    In a letter to Apple CEO Tim Cook, activist investor Carl Icahn wrote that he values Apple shares at $240 today.

  • May 18- Apple Inc remains "dramatically undervalued", activist investor Carl Icahn said on Monday, adding that it was time for the iPhone maker to execute a much larger share buyback.

  • Carl Icahn: Apple worth $240/share today   Monday, 18 May 2015 | 11:03 AM ET
    Carl Icahn: Apple worth $240/share today

    Carl Icahn has sent Apple CEO Tim Cook an open letter, reports CNBC's Carl Quintanilla. And he says the company's shares are now worth $240.

  • DEALS: Ann Inc., the parent company of Ann Taylor and Loft, jumped $7.14, or 18 percent, to $45.85 after it agreed to be acquired by The Ascena Retail Group. Endo International fell $4.52, or 5 percent, to $80.83 after it agreed to buy the privately held Par Pharmaceutical for $8 billion. APPLE OF HIS EYE: Apple rose $1.83, or 1.5 percent, to $130.59 after activist investor...

  • Whale watch: Top hedge funds continue to dump Apple Monday, 18 May 2015 | 6:43 AM ET

    Top U.S. hedge fund investors and activists took new positions or raised their equity stakes in fast food chain McDonald's in first quarter.

  • LOS ANGELES— The ladies of "Pitch Perfect 2" hit all the right notes opening weekend, amassing a $70.3 million debut, according to Rentrak estimates Sunday. The Elizabeth Banks- directed sequel to the 2012 sleeper hit and video-on-demand phenomenon cost Universal Pictures only $29 million to produce and was expected to open in the $50 million range.

  • May 15- Some of the top U.S. hedge fund investors and activists, including Jana Partners LLC took new positions or raised their equity stakes in fast food chain McDonald's Corp during the first quarter, according to regulatory filings on Friday. Highfields Capital Management LP raised its stake more than 1,000 percent to 9.8 million shares, valued at about...

  • NEW YORK, May 15- Top U.S. hedge fund management firms, including Leon Cooperman's Omega Advisors and Philippe Laffont's Coatue Management, continued to reduce or slash stakes altogether in Apple Inc during the first quarter, as shares of the iPhone maker rallied. David Einhorn's Greenlight Capital also cut its exposure in Apple during the first quarter,...

  • May 15- In an uncharacteristic move, activist investor Carl Icahn's Icahn Enterprises LP made a $100 million investment in Lyft Inc., adding momentum to the ride-sharing company's rapid expansion but leaving its cash pile far behind rival Uber. Technology has been a big part of Icahn's investment focus, with bets like Apple, Nextflix and eBay, but he generally...

  • Icahn hitches ride with Lyft   Friday, 15 May 2015 | 3:39 PM ET
    A Lyft customer gets into a car on January 21, 2014 in San Francisco.

    Famed investor Carl Icahn is leading a round of $150 million in new funding for Lyft. Discussing what the move means for the ride-sharing company, with CNBC's Kate Rogers and Andrew Romans, Rubicon Venture Capital.

  • May 15- Ride-sharing company Lyft Inc said it raised $150 million, led by a $100 million investment from activist investor Carl Icahn's Icahn Enterprises LP. The San Francisco- based company had raised $530 million in a funding round led by Japanese online retailer Rakuten Inc in March. That funding round had valued Lyft at about $2.5 billion, which is much less...

  • NEW YORK— Carl Icahn is joining the parade of investors in startups, hitching a $100 million ride with the ride-hailing service Lyft. Icahn owns stakes in Apple, Yahoo, Netflix, Hertz, Gannett and eBay, among many other publicly traded companies. In March, the company raised $530 million and valued itself at $2.5 billion.