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Carl Icahn

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  • BOSTON, Oct 16- Some of Wall Street's biggest names are licking their wounds as October lives up to its reputation as one of the market's roughest months. Morgan Stanley strategists said this week that their model portfolio through Monday had trailed the S&P by 3.6 percentage points due to bad bets on technology stocks, including GT Advanced Technologies, the...

  • Parent company Trump Entertainment Resorts Inc has said trimming $14.6 million from its annual union pension and healthcare costs is key to save the casino from becoming the fifth to close this year in the seaside resort. Atlantic City has lost thousands of jobs this year and Trump Entertainment has warned it could be forced to begin winding down the Taj Mahal...

  • Oct 14- For over seven years, fund managing partners Bob Olstein and Eric Heyman have had the good fortune of investing in a number of companies that were later bought out or became targets of big-name shareholder activists. This year alone, their Olstein Strategic Opportunities Fund has seen two of its holdings targeted by activists and another six the object...

  • Icahn aide: Taj has to close if union pact remains Tuesday, 14 Oct 2014 | 2:30 AM ET

    Trump Entertainment Resorts and billionaire investor Carl Icahn want the judge to cancel the casino's union contract, saying it can't survive without shedding costly pension and health care obligations. Bankruptcy Judge Kevin Gross on Tuesday that Trump Entertainment needs the financial relief that breaking the union contract would provide.

  • Casino woes bring deep discounts in Atlantic City Monday, 13 Oct 2014 | 1:25 PM ET

    —THE PIER SHOPS AT CAESARS: Philadelphia developer Bart Blatstein is buying the multi-level shopping and entertainment pier that juts out over the ocean for $2.8 million, according to a source with knowledge of the deal, speaking to The Associated Press on condition of anonymity because the person was not authorized to discuss it publicly.

  • Thiel's take on Andreessen, Icahn and Captain Kirk Monday, 13 Oct 2014 | 12:35 PM ET
    William Shatner as Captain James T. Kirk

    Peter Thiel says he and Marc Andreessen may not agree on terminology, but they have similar thoughts about Carl Icahn's activism.

  • Thiel & Andreessen agree about Icahn     Monday, 13 Oct 2014 | 10:25 AM ET

    Peter Thiel, author of "Zero to One," weighs in on Carl Icahn's demands on Apple and if there is a conflict of interest between activist investors and the companies in which they invest.

  • 'Gone Girl' tops box office for second weekend Sunday, 12 Oct 2014 | 12:03 PM ET

    The Fox thriller starring Ben Affleck as a man whose wife goes missing is poised to top the box office for a second week with $26.8 million in ticket sales, according to studio estimates Sunday. "There's a mystery that's surrounding this movie," said Paul Dergarabedian, senior media analyst for box-office tracker Rentrak. Two Warner Bros. films round out the top...

  • Wall Street backs GOP horses—with loads of cash Sunday, 12 Oct 2014 | 9:00 AM ET
    Elliott Management founder and CEO Paul Singer speaks during the SkyBridge Alternatives conference in Las Vegas, May 9, 2012.

    Wall Street is spending more on the midterms than ever before—particularly in support of the GOP—but it's not from whom you might think.

  • Business Highlights Friday, 10 Oct 2014 | 6:14 PM ET

    Olive Garden seen through an unlimited pasta pass. NEW YORK— The " Never Ending Pasta Pass" card from Olive Garden not only promised weeks of unlimited pasta, but a look into why the chain is fighting to hold onto customers. It was a successful publicity stunt for Olive Garden's parent company, Darden Restaurants.

  • Icahn: Senate leader 'selling out' Atlantic City Friday, 10 Oct 2014 | 12:10 PM ET

    ATLANTIC CITY, N.J.— Carl Icahn accused New Jersey's Senate president of "selling out" Atlantic City by considering casinos near New York City, while the legislative leader said the state wouldn't give the billionaire investor the tax breaks he is seeking. Icahn said Sweeney, who is also a union leader, "is selling out Atlantic City" by publicly considering...

  • Cramer: Activists are picking on the wrong chiefs Thursday, 9 Oct 2014 | 6:25 PM ET
    Jim Cramer on Mad Money.

    Jim Cramer takes on activist calls to CEOs strong performing companies, and suggests they realign their attention

  • Oct 9- Billionaire investor Carl Icahn said on Thursday a stock market correction is "definitely coming" and he is worried about the economy, as U.S. stocks tumbled on fresh worries about global growth. Icahn told CNBC in an interview that he still has a lot of money invested in the stock market and has taken measures to protect his portfolio. In November Icahn said at...

  • Correction watch: Is this the big one?     Thursday, 9 Oct 2014 | 1:22 PM ET

    CNBC asks activist investor Carl Icahn and CNBC contributor Michael Farr whether Thursday's big stock market losses mean the big correction has finally arrived. The "Fast Money" traders weigh in.

  • Icahn on Apple, Andreessen & the 'correction'     Thursday, 9 Oct 2014 | 1:22 PM ET

    CNBC asks activist investor Carl Icahn addresses all manner of topics with CNBC's Scott Wapner during today's Fast Money Halftime Report. Apple, Andreessen, and the market correction are all fair game for the outspoken billionaire.

  • Why activists target Apple & PepsiCo     Thursday, 9 Oct 2014 | 1:18 PM ET

    In the wake to Carl Icahn's letter to Apple CEO Tim Cook, Jeffrey Sonnenfeld, Yale School of Management, discuss why activist investors tend to target big companies that are performing well.

  • Icahn: Will never be proxy fight with Apple Thursday, 9 Oct 2014 | 1:03 PM ET
    Carl Icahn

    Icahn also discussed the economy, saying a market correction is "definitely coming."

  • Icahn overly optimistic on Apple: Pro     Thursday, 9 Oct 2014 | 1:03 PM ET

    Apple shareholders Michael Farr of Farr, Miller & Washington, and George Young, Villere Balanced Fund, discuss Apple's value and their investment strategy right now.

  • Analyst on Apple: Large tender unlikely     Thursday, 9 Oct 2014 | 12:55 PM ET

    After Carl Icahn's letter to Apple CEO Tim Cook regarding a large buyback, Toni Sacconaghi, analyst at Sanford C. Bernstein & Co, shares his reaction.

  • Icahn says he will "never" run a proxy fight at Apple Thursday, 9 Oct 2014 | 12:49 PM ET

    BOSTON, Oct 9- Carl Icahn, who is calling on Apple to buy back more of its shares, said that he would not mount a proxy fight with the company to press his point. Speaking on CNBC, Icahn said "There will never be a proxy fight with Apple and me," underscoring that he has confidence in the company's Chief Executive Tim Cook. Pressed into saying what he might do if Apple rebuffs...