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Carl Icahn

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  • *Navistar aims to save up to $175 mln next year. NEW YORK, Oct 29- U.S. truck and engine maker Navistar International Corp is willing to look at the possible sale of any part of its business as it tries to return to profitability, but it is not willing to consider fire-sale prices for its assets, interim Chief Executive Lewis Campbell said on Monday.

  • 'Argo' finally tops box office with $12.4M Sunday, 28 Oct 2012 | 2:57 PM ET

    The Warner Bros. thriller from director and star Ben Affleck, inspired by the real-life rescue of six U.S. embassy workers during the 1979 Iranian hostage crisis, made nearly $12.4 million this weekend, according to Sunday studio estimates. "

  • Oct 26- Specialty truckmaker Oshkosh Corp reported a higher quarterly profit on Friday, though a decline in its defense business weighed on revenue, and rejected a takeover offer from activist shareholder Carl Icahn.

  • News Summary: Oshkosh rejects Icahn tender offer Friday, 26 Oct 2012 | 11:47 AM ET

    NEW YORK-- DECISION TIME: Oshkosh Corp. rejected a buyout offer Friday from billionaire investor Carl Icahn Friday. QUARTERLY RESULTS: Oshkosh also reported fiscal fourth-quarter adjusted earnings from continuing operations of 65 cents per share on revenue of $2.06 billion.

  • Oshkosh profit rises, sales decline on defense orders Friday, 26 Oct 2012 | 11:24 AM ET

    Oct 26- Specialty truckmaker Oshkosh Corp on Friday reported higher fourth-quarter profit and reaffirmed its 2013 outlook and forecast that adjusted earnings would double by fiscal 2015..

  • Oshkosh rejects Icahn buyout offer Friday, 26 Oct 2012 | 10:02 AM ET

    OSHKOSH, Wis.-- Oshkosh rejected a buyout offer from billionaire investor Carl Icahn Friday. Shares in Oshkosh Corp. rose 18 cents to close at $29.92 Friday. Oshkosh also reported Friday that its fiscal fourth-quarter net income more than doubled to $78.9 million, or 86 cents per share, compared with $37.5 million, or 41 cents per share, a year earlier.

  • Oshkosh rejects Icahn offer Friday, 26 Oct 2012 | 9:40 AM ET

    OSHKOSH, Wis.-- Oshkosh is rejecting a buyout offer from billionaire investor Carl Icahn. Shares in Oshkosh Corp. are up 25 cents to $29.99 in early trading. Earlier this month Icahn said he planned an unsolicited bid that valued Oshkosh at almost $3 billion, and said he would nominate a competing slate of directors in a bid for control of the company.

  • ADT talks with shareholder spur stock surge Thursday, 25 Oct 2012 | 4:21 PM ET

    BOCA RATON, Fla.-- ADT Corp., the home monitoring business spun off recently by Tyco International Ltd., said Thursday it has held "constructive" talks with activist shareholder Corvex Management LP. Corvex, founded by Keith Meister, an associate of activist investor Carl Icahn, has taken a 5 percent stake in ADT, which is based in Boca Raton.

  • Pinnacle close to selling AC Boardwalk site Thursday, 25 Oct 2012 | 11:27 AM ET

    ATLANTIC CITY, N.J.-- Pinnacle Entertainment Inc., the Las Vegas casino company that bought and blew up the former Sands Casino Hotel to make way for a $2 billion casino that never got built, says it's close to selling the prime Boardwalk site where the project would have gone.

  • Navistar makes public offering of about 10M shares Wednesday, 24 Oct 2012 | 10:41 AM ET

    LISLE, Ill.-- Navistar is making a public offering of about 10 million shares of its stock. Earlier this month Navistar International Corp. added a colleague of activist investor Carl Icahn and a former protege of his to its board in order to head off a proxy war.

  • WebMD extends poison pill defense Friday, 19 Oct 2012 | 12:46 AM ET

    NEW YORK-- WebMD extended its poison pill defense, first put into place to ward off billionaire investor Carl Icahn, for another two years. WebMD slashed the purchase price for shareholders if the rights are exercised to $66.29 from $153. WebMD's sites include WebMD Health, MedicineNet, RxList and theheart.org.

  • 'Taken 2' repeats at No. 1 with $21.9M weekend Monday, 15 Oct 2012 | 5:26 PM ET

    2. "Argo," Warner Bros., $19,458,109, 3,232 locations, $6,020 average, $19,458,109, one week. 4. " Hotel Transylvania," Sony, $17,241,317, 3,375 locations, $5,109 average, $102,133,934, three weeks. 5. "Here Comes the Boom," Sony, $11,816,596, 3,014 locations, $3,921 average, $11,816,596, one week.

  • 'Taken 2' takes down 'Argo' in close weekend Monday, 15 Oct 2012 | 8:58 AM ET

    LOS ANGELES-- Liam Neeson's "Taken 2" has defended its box-office title with a narrow win over Ben Affleck's "Argo." Sony's "Here Comes the Boom," with Kevin James as a teacher who becomes a mixed martial arts sensation, started weakly at No. 5 with $12 million.

  • --Carl Icahn has offered to buy all the outstanding shares of specialty vehicle manufacturer Oshkosh Corp..

  • PRESS DIGEST-New York Times business news - Oct 12 Friday, 12 Oct 2012 | 2:13 AM ET

    *Sprint Nextel Corp said Thursday that it was in discussions with SoftBank Corp over a "potential substantial investment". The talks, which began this summer, center on SoftBank, a Japanese telecommunications company, paying $12.5 billion for a stake of about 70 percent in Sprint, according to a person briefed on the matter.

  • US STOCKS-Wall St flat as Apple cuts jobs data gains Thursday, 11 Oct 2012 | 4:41 PM ET

    *Sprint volume surges, shares jump on Softbank deal reports. Traders have been bearish recently, with the S&P 500 down 2 percent in the last five sessions in anticipation of a weak earnings season. AT&T and Verizon also weighed after news that Japan's Softbank may buy a majority stake in their competitor, Sprint Nextel.

  • News Summary: Market flatlines on jobs, Europe Thursday, 11 Oct 2012 | 4:39 PM ET

    THE JOBS REPORT: The Labor Department reported that weekly unemployment claims fell to their lowest level since February 2008. Sprint Nextel said that a Japanese cell phone company, Softbank Corp., is in talks to invest in the company. Truck company Oshkosh Corp. rose after activist investor Carl Icahn offered to buy the company.

  • Sprint, Safeway, Oshkosh are market movers Thursday, 11 Oct 2012 | 4:37 PM ET

    NEW YORK-- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:. Sprint Nextel Corp., up 72 cents at $5.76. Safeway Inc., down 58 cents at $15.71.

  • Market flatlines, pulled by jobless claims, Europe Thursday, 11 Oct 2012 | 4:30 PM ET

    The Dow Jones industrial average rose as much as 83 points, shrugging off a widening U.S. trade deficit, higher unemployment in Greece and a ratings cut for Spain. "There's not a lot to move the market today," said Erik Davidson, deputy chief investment officer of Wells Fargo Private Bank in San Francisco. "

  • News Summary: Carl Icahn to offer $3B for Oshkosh Thursday, 11 Oct 2012 | 3:19 PM ET

    SEEKS CONTROL: Billionaire investor Carl Icahn plans to make an unsolicited bid for truck maker Oshkosh Corp. that values the company at almost $3 billion. Icahn also plans to nominate his own slate of directors in a bid for control of the company.