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Carl Icahn

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  • Carl Icahn raises stake in car rental company Hertz Tuesday, 25 Nov 2014 | 7:01 PM ET
    Carl Icahn

    Activist investor Carl Icahn raised his stake in U.S. car rental company Hertz Global Holdings Inc to 10.77 percent from 8.48 percent.

  • Carl Icahn raises stake in car rental company Hertz Tuesday, 25 Nov 2014 | 6:44 PM ET

    The billionaire was already Hertz's largest shareholder and in the past few months had successfully pushed for management changes and won board seats on the company. Earlier this month, Icahn-backed John Tague was named as Hertz's chief executive, fending off a challenge from Dollar Thrifty CEO Scott Thomson, who was backed by Jana Partners, the company's...

  • Icahn ups stake in Hertz: Report  Tuesday, 25 Nov 2014 | 5:37 PM ET

    CNBC's Dominic Chu reports Carl Icahn has increased his stake in Hertz Global. Trader Karen Finerman provides insight.

  • Icahn not involved in IBM  Monday, 24 Nov 2014 | 2:15 PM ET

    CNBC's Scott Wapner reports Carl Icahn has no involvement with IBM.

  • UPDATE 1-Hertz Global names John Tague as CEO Thursday, 20 Nov 2014 | 5:52 PM ET

    Nov 20- U.S. car rental company Hertz Global Holdings Inc named John Tague as chief executive, overlooking a candidate put forward by activist investor Jana Partners. Hertz had formed a search committee including two independent directors nominated by Icahn to find a replacement for Mark Frissora, who resigned in September. The Committee and the Board...

  • Hertz names Icahn-backed candidate as CEO Thursday, 20 Nov 2014 | 4:25 PM ET
    John Tague in 2003

    Sources familiar with the search have said that a number of funds were pushing for a different candidate, former Dollar Thrifty CEO Scott Thompson.

  • NEW YORK, Nov 20- Six years of interest rate suppression by the U.S. "The high-yield market is sort of in a bubble and sooner or later there will be a price paid for that," said Carl Icahn, the billionaire investor who said he owns credit default swaps on high yield debt against the 5- year U.S. Martin Fridson, chief investment officer of wealth management firm Lehmann...

  • NEW YORK, Nov 19- Several months ago, U.S. mutual funds scooped up most of the $1.25 billion in high-yield junk bonds issued by Denbury Resources Inc, a Plano, Texas, oil and gas exploration company. The 5.5 percent coupon on the Denbury bonds maturing in 2022 attracted a number of U.S. mutual fund buyers, including the Franklin Income Fund, which held nearly 10 percent...

  • Carl Icahn does what Donald Trump could not Wednesday, 19 Nov 2014 | 11:15 AM ET

    Carl Icahn has reportedly purchased the home of Vera Coking, who made headlines after resisting overtures to sell from Donald Trump.

  • Watch Carl Icahn's correction calls from this year Tuesday, 18 Nov 2014 | 3:00 PM ET
    Carl Icahn

    Billionaire investor Carl Icahn called for a "major correction" on Monday, and he gave his dire prediction plenty of runway—about three to five years.

  • Europe closes positive as German data beats Tuesday, 18 Nov 2014 | 11:32 AM ET

    European shares closed in positive territory on Tuesday as new data for Germany beat expectations and buoyed investor sentiment.

  • NEW YORK, Nov 18- It might seem odd taking serious financial advice from someone long associated with infomercials and fire walks. Which perhaps is why Tony Robbins, one of America's foremost motivational gurus and performance coaches, has loaded his new book "Money: Master The Game" with interviews from people like Berkshire Hathaway's Warren Buffett, investor...

  • Dow could pass 20K by end of 2015: Jeremy Siegel Tuesday, 18 Nov 2014 | 8:47 AM ET

    Longtime bull Jeremy Siegel told CNBC he sees favorable market trends—including the prospect for solid economic growth—that could send the Dow past 20,000 by the end of 2015.

  • Mega-mergers are popular again on Wall Street Tuesday, 18 Nov 2014 | 6:47 AM ET

    Deals worth $100 billion on Monday put the Street on pace for a year rivaling the dot-com bubble era and the private equity surge just before the financial crisis.

  • Carl Icahn: 'Major correction' in the next few years  Tuesday, 18 Nov 2014 | 6:09 AM ET

    Billionaire investor Carl Icahn told Reuters on Monday he sees a 'major correction' hitting the stock market in the next three to five years.

  • NEW YORK, Nov 17- Gains in shares of Apple Inc could take the world's largest publicly traded company to a market capitalization of perhaps as high as $1 trillion, some of the country's biggest investors said on Monday. Apple's current market cap stands at about $670 billion, according to Thomson Reuters data. "Apple is one of the best companies I would say of the last...

  • Nov 17- Carl Icahn isn't forecasting a dramatic stock market drop quite yet, but the billionaire investor is still bracing for an equity sell-off in the next three to five years, he told Reuters on Monday. "I am still concerned that one day you'll see a break like you had a few weeks ago," Icahn said at the Reuters Investment Outlook Summit in New York on Monday, "but it...

  • REUTERS SUMMIT-CARL ICAHN STILL HEDGING AGAINST STOCK-MARKET DECLINE, BELIEVES THERE WILL BE A' MAJOR CORRECTION' IN NEXT THREE TO FIVE YEARS.

  • NEW YORK, Nov 14- Billionaire activist investor Carl Icahn increased his stake in e-commerce company eBay Inc. while booking more profits from his stake in Netflix Inc. in the third quarter, a regulatory filing showed on Friday. He cut his stake in Netflix, the streaming video company, by 353,000 shares to 1.4 million shares, a filing with the Securities and...

  • BOSTON, Nov 14- Soros Fund Management, one of the world's most widely followed investment firms, slashed its stake in Herbalife Ltd. by 60 percent during the third quarter, a period when Herbalife missed Wall Street earnings estimates and its stock price tumbled. Herbalife has become one of America's most closely watched companies since billionaire investor...