Given Apple's strong performance in the last quarter, David Schechter, Sargon Portfolio, is currently revising model and could argue for a higher valuation.» Read More
Carl Icahn reported a 7.77 percent stake in Manitowoc, saying he intended to seek a split of its cranes and food-service equipment businesses.
Dec 29- Activist investor Carl Icahn reported a 7.77 percent stake in Manitowoc Co Inc, and said he intended to seek a split of the company's cranes and food-service equipment businesses. Icahn said he would seek board representation, if appropriate. Icahn said he had not yet had any discussions with the company.
WILMINGTON, Del., Dec 22- The Trump Taj Mahal, a casino hotel in New Jersey's struggling Atlantic City gambling hub, could stay open for all of 2015 with a $20 million financing package from investor Carl Icahn, lawyers for Trump Entertainment Resorts said on Monday. Atlantic City's fortunes have faded as competition from Pennsylvania and other neighboring...
Dec 18- Billionaire investor Carl Icahn offered $20 million in financing on Thursday to keep the Trump Taj Mahal from becoming the fifth casino to close this year in New Jersey's troubled Atlantic City, was once the only major destination for gamblers on the U.S. East Coast. The Taj, owned by bankrupt Trump Entertainment Resorts Inc., is slated to close on Saturday.
Dec 18- Billionaire investor Carl Icahn offered to lend $20 million to help bankrupt casino operator Trump Entertainment Resorts Inc keep its Trump Taj Mahal casino in Atlantic City open.
Carl Icahn will provide up to $20 million to finance the Trump Taj Mahl, he said in a letter to Trump Entertainment Resorts CEO Robert Griffin.
Apple shares fell below the low they traded on Dec. 1, when a mistaken trade sent the shares down 6 percent in one day.
CNBC.com Managing Editor Allen Wastler reports an analysis piece on Vladimir Putin and a look at how activist investors have changed the private equity game are the hottest topics among CNBC.com readers.
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.
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...
CNBC's Dominic Chu reports Carl Icahn has increased his stake in Hertz Global. Trader Karen Finerman provides insight.
CNBC's Scott Wapner reports Carl Icahn has no involvement with IBM.
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...
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 has reportedly purchased the home of Vera Coking, who made headlines after resisting overtures to sell from Donald Trump.
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.
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...