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Carl Icahn

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  • Fidelity star manager cuts Herbalife bet in third quarter Wednesday, 22 Oct 2014 | 3:21 PM ET

    BOSTON, Oct 22- One of Fidelity Investments' top stock pickers cooled on Herbalife Ltd in the third quarter, cutting his stake in the company after a profit miss and fresh allegations from billionaire investor William Ackman that it is a fraud. Steve Wymer, who runs the $41 billion Fidelity Growth Company Fund disclosed reducing his stake in Herbalife in a...

  • Herbalife CEO calls Ackman accusations a 'war' Tuesday, 21 Oct 2014 | 6:59 PM ET
    Michael O. Johnson, CEO of Herbalife, attends the LA Triathlon presented by Herbalife on September 25, 2011 in Los Angeles.

    Herbalife CEO, Michael Johnson, talks about the FTC investigation and Bill Ackman accusations in a recent interview with Los Angeles Magazine.

  • Icahn: 'Quite concerned' about stock market Tuesday, 21 Oct 2014 | 6:02 PM ET
    Carl Icahn

    Activist investor Carl Icahn revealed he is betting against the high-yield market, and that he is worried about the Fed's effect on stocks.

  • Icahn: Real problem with eBay  Tuesday, 21 Oct 2014 | 5:33 PM ET

    Icahn Enterprises Chairman Carl Icahn, weighs in on news Silicon Valley investor Marc Andreessen is leaving the board at eBay, as well as the management at the company.

  • Icahn: High yield market in bubble  Tuesday, 21 Oct 2014 | 5:28 PM ET

    Icahn Enterprises Chairman Carl Icahn, provides perspective on the high yield market.

  • Icahn: Apple a 'no brainer'  Tuesday, 21 Oct 2014 | 5:22 PM ET

    Icahn Enterprises Chairman Carl Icahn, is tight lipped on whether he bought more Apple shares since his recent letter to Tim Cook. He discusses criticisms regarding his activism with the company.

  • Isaacson: Rather have Cook than Icahn  Tuesday, 21 Oct 2014 | 11:01 AM ET
    Tim Cook and Carl Icahn

    Apple should be proud, says Walter Isaacson, Aspen Institute CEO and author of "The Innovators," sharing his thoughts on Apple's earnings success and the tech giant's team approach.

  • BOSTON, Oct 20- Shares in Alpha Bank surged more than 13 percent on Monday after hedge fund manager David Einhorn recommended betting on Greek banks and against French debt. Speaking at the annual Robin Hood Investors Conference in New York, Einhorn recommended going long Alpha Bank and Piraeus Bank with warrants and shorting French debt as a hedge, according to...

  • NEW YORK, Oct 20- Corporate America's cash stockpile increased to a record $1.65 trillion in mid-2014 from $1.64 trillion at the end of 2013, although the pace of growth has slowed sharply, Moody's Investors Service said on Monday. "U.S. corporate cash balances continue to grow on the back of modest economic expansion," Richard Lane, Moody's senior vice president,...

  • Oct 20- Venture capitalist Marc Andreessen said he was quitting EBay Inc's board following the online retailer's decision last month to spin off its electronic payment unit, PayPal. The Silicon Valley pioneer has been involved in a public war of words with activist investor Carl Icahn, one of eBay's largest shareholders, who convinced the company to spin off...

  • Marc Andreessen to quit eBay board Monday, 20 Oct 2014 | 7:59 AM ET

    Oct 20- EBay Inc said venture capitalist Marc Andreessen would quit its board, after the online retailer announced last month that it was spinning off its electronic payment unit, PayPal. Andreessen, who has been on the company's board for six years, said "now is the right time to step down," eBay said in a statement on Monday. Andreessen has been involved in a public war...

  • Oct 17- The bankrupt Trump Taj Mahal casino received court approval on Friday to break its labor agreement, a key condition for a rescue deal with billionaire Carl Icahn, and the union promptly announced a plan to picket the Atlantic City, New Jersey hotel. Parent company Trump Entertainment Resorts Inc has said trimming $14.6 million from its annual union...

  • Judge voids Trump Taj Mahal union contract: DJ  Friday, 17 Oct 2014 | 3:22 PM ET

    A federal judge has voided the union contract for the Trump Taj Mahal in Atlantic City. CNBC's Morgan Brennan reports the details.

  • Judge voids union contract with Trump Taj Mahal Friday, 17 Oct 2014 | 3:07 PM ET
    The Trump Taj Mahal in Atlantic City, N.J.

    A federal bankruptcy court judge voided a union contract with Atlantic City's Trump Taj Mahal Casino Resort on Friday.

  • Crucial ruling due on Taj Mahal casino's future Friday, 17 Oct 2014 | 8:20 AM ET
    The Trump Taj Mahal in Atlantic City, N.J.

    A bankruptcy court judge will issue what the owners of Atlantic City's Trump Taj Mahal Casino Resort consider a life-or-death decision for the casino.

  • Biggest billionaire losers in market fall Thursday, 16 Oct 2014 | 12:17 PM ET
    Harold Hamm

    The market's free-fall has shaved billions from the wealthy, showing just how exposed today's rich have become to wild market swings.

  • Oct 16- A recovery in eBay Inc's core e-commerce business will take longer than expected and any gains for investors would have to come from the separation of its PayPal unit, analysts said, a day after the company trimmed its full-year revenue forecast. At least 16 brokerages cut their price target on eBay's shares by as much as $7 to a low of $48.

  • 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...