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Carl Icahn

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  • *Dow component Wal-Mart falls after results. May 19- U.S. stock were set to open higher on Tuesday after the European Central Bank suggested it would speed up bond buying, and investors shrugged off weak earnings from Wal-Mart. "The ECB's announcement to front-load its asset buying program certainly sparked the European markets and that's spilling over into the...

  • *Dow component Apple's shares rose 0.43 percent to $130.75 in premarket trading, a day after investor Carl Icahn said the stock was "still dramatically undervalued." *Wal-Mart fell 2.21 percent to $78.15 after the company reported lower-than-expected U.S. same-store sales growth. *Urban Outfitters was down 16.5 percent at $34 after it reported quarterly sales...

  • *Altera rallies on Intel M&A report. U.S. homebuilder sentiment fell in May although most builders view market conditions as favorable, the National Association of Home Builders said on Monday. "It's becoming more of the collective thought that the Fed can wait, because you really don't see any blistering growth," said Kurt Brunner, a portfolio manager at...

  • What's up with Carl Icahn's sudden car obsession? Monday, 18 May 2015 | 3:56 PM ET
    Carl Icahn

    Carl Icahn has a new obsession with cars. After plunging $100 million into Lyft, Icahn is writing at length about Apple's role in the market.

  • NEW YORK/ SAN FRANCISCO, May 18- Apple Inc was handed a mixed ruling by a U.S. appeals court in the latest twist in a blockbuster intellectual property battle with Samsung Electronics Co Ltd, as a prior patent infringement verdict was upheld but a trademark finding that the iPhone's appearance could be protected was thrown out. That means up to 40 percent of a $930...

  • *Altera rallies on Intel M&A report. "It's becoming more of the collective thought that the Fed can wait because you really don't see any blistering growth," said Kurt Brunner, a portfolio manager at Swarthmore Group in Philadelphia. Apple's shares rose 1.39 percent to $130.57 after billionaire investor Carl Icahn said the stock was "still dramatically...

  • Taxi medallions becoming unsellable Monday, 18 May 2015 | 1:58 PM ET
    A woman hails a taxi in New York.

    The slide in medallion prices has left many owner-operators and big fleet managers pessimistic about their assets, USA Today reports.

  • Portfolio manager: I hope Icahn's right about Apple Monday, 18 May 2015 | 1:22 PM ET
    Carl Icahn

    Gavin Baker said he hopes Carl Icahn's bullish call on Apple turns out to be correct, and here's why.

  • US STOCKS-Dow, S&P touch record highs Monday, 18 May 2015 | 1:04 PM ET

    *Ann rises after Ascena Retail takeover offer. The National Association of Home Builders/Wells Fargo Housing Market index fell to 54 from 56 in April. "Right now with the way things are going, especially with the yield curve getting steeper, it's going to be less and less likely the Fed will raise rates in September," John Burke, CEO of Burke Financial Strategies in...

  • May 18- Billionaire investor Carl Icahn said Apple Inc's stock was "still dramatically undervalued" and that it should be trading at $240, up from his earlier estimate of $216. Apple boosted its share repurchase program in April to $140 billion from $90 billion announced last year and raised quarterly dividend by 11 percent to 52 cents per share.

  • Icahn: Apple shares should double Monday, 18 May 2015 | 11:33 AM ET
    Billionaire activist investor Carl Icahn.

    In a letter to Apple CEO Tim Cook, activist investor Carl Icahn wrote that he values Apple shares at $240 today.

  • May 18- Apple Inc remains "dramatically undervalued", activist investor Carl Icahn said on Monday, adding that it was time for the iPhone maker to execute a much larger share buyback.

  • Carl Icahn: Apple worth $240/share today Monday, 18 May 2015 | 11:03 AM ET
    Carl Icahn: Apple worth $240/share today

    Carl Icahn has sent Apple CEO Tim Cook an open letter, reports CNBC's Carl Quintanilla. And he says the company's shares are now worth $240.

  • Whale watch: Top hedge funds continue to dump Apple Monday, 18 May 2015 | 6:43 AM ET
    Apple

    Top U.S. hedge fund investors and activists took new positions or raised their equity stakes in fast food chain McDonald's in first quarter.

  • May 15- Some of the top U.S. hedge fund investors and activists, including Jana Partners LLC took new positions or raised their equity stakes in fast food chain McDonald's Corp during the first quarter, according to regulatory filings on Friday. Highfields Capital Management LP raised its stake more than 1,000 percent to 9.8 million shares, valued at about...

  • NEW YORK, May 15- Top U.S. hedge fund management firms, including Leon Cooperman's Omega Advisors and Philippe Laffont's Coatue Management, continued to reduce or slash stakes altogether in Apple Inc during the first quarter, as shares of the iPhone maker rallied. David Einhorn's Greenlight Capital also cut its exposure in Apple during the first quarter,...

  • May 15- In an uncharacteristic move, activist investor Carl Icahn's Icahn Enterprises LP made a $100 million investment in Lyft Inc., adding momentum to the ride-sharing company's rapid expansion but leaving its cash pile far behind rival Uber. Technology has been a big part of Icahn's investment focus, with bets like Apple, Nextflix and eBay, but he generally...

  • Icahn hitches ride with Lyft Friday, 15 May 2015 | 3:39 PM ET
    A Lyft customer gets into a car on January 21, 2014 in San Francisco.

    Famed investor Carl Icahn is leading a round of $150 million in new funding for Lyft. Discussing what the move means for the ride-sharing company, with CNBC's Kate Rogers and Andrew Romans, Rubicon Venture Capital.

  • May 15- Ride-sharing company Lyft Inc said it raised $150 million, led by a $100 million investment from activist investor Carl Icahn's Icahn Enterprises LP. The San Francisco- based company had raised $530 million in a funding round led by Japanese online retailer Rakuten Inc in March. That funding round had valued Lyft at about $2.5 billion, which is much less...

  • Swisher talks Icahn's Lyft bet, Netflix & AOL Friday, 15 May 2015 | 11:02 AM ET
    Swisher talks Icahn's Lyft bet, Netflix & AOL

    Shares of Netflix are rallying after reports the company is in talks with Jack Ma-led "Wasu Media" about bringing content to China. Re/code's Kara Swisher, discusses Netflix, as well as news Icahn is investing in Lyft and the Verizon-AOL deal.