The price of oil will go lower as supply and demand remain unbalanced, activist investor Carl Icahn tells CNBC.» Read More
Hertz said in June it would restate results for 2011 due to accounting errors and would review 2012 and 2013 statements. Hertz said on Friday the errors would reduce its attributable net income by about $87 million for the three years. Hertz reported preliminary revenue of $3.12 billion for the third quarter ended Sept. 30.
Hertz said in June it would restate results for 2011 due to accounting errors and would review 2012 and 2013 statements. Hertz said on Friday the errors would reduce its attributable net income by about $87 million for the three years. Hertz said it started a cost-cutting program and expects savings of about $100 million by the end of 2015..
NEW YORK/ SAO PAULO, Nov 13- A director of U.S. nutrition company Herbalife is among 12 people charged in a years-old Brazilian embezzlement case that has never been mentioned in Herbalife public disclosures, according to court documents and company filings. Herbalife has become one of America's most closely-watched companies after billionaire investors...
Jim Cramer knows that if you give love to shareholders, they give love to the stock price. It's as simple as that! Just take a look at this stock.
Apple is planning to issue bonds denominated in euros. Here's why it makes financial sense.
Herbalife CEO John DeSimone spoke to CNBC's "Halftime Report" in an exclusive interview.
Think you know all there is to know about Twitter? Think again.
Oct 24- Consumer advocate Ralph Nader sent a letter to Apple Inc Chief Executive Officer Tim Cook urging the company to reduce its spending on share buybacks and use the money to raise wages, the Wall Street Journal reported on Friday. "'Designed by Apple in California' has a nicer ring to it than' assembled by workers paid about a dollar per hour, working 11- hour...
Oct 24- Consumer advocate Ralph Nader sent a letter to Apple Inc Chief Executive Tim Cook urging the company to reduce its spending on share buybacks and use the money to raise wages, the Wall Street Journal reported. "Designed by Apple in California has a nicer ringer to it than assembled by workers paid about a dollar per hour, working 11- hour shifts, and sleeping...
CNBC's Dominic Chu takes a look back on this week's big predictions by some of Wall Street's best-known names, including Mario Gabelli, David Einhorn and of course Carl Icahn.
Billionaire investor Carl Icahn on Friday urged Atlantic City's largest casino workers union to help save the Taj.
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, Michael Johnson, talks about the FTC investigation and Bill Ackman accusations in a recent interview with Los Angeles Magazine.
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 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 Enterprises Chairman Carl Icahn, provides perspective on the high yield market.
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.
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,...