FMHR trader Jon Najarian has seen strong options activity in one of Carl Icahn's favorite stocks Talisman Energy.» Read More
NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Hormel Foods Corp., up $2.06 to $49.92. Hertz Global Holdings Inc., down 23 cents to $30.10.
"It's clearly time to move past denial and swiftly to install great leadership for a great company like Hertz," Fir Tree said in a statement. Fir Tree has so far been alone in going public with complaints about Hertz' leadership, voicing the increasing frustration with Frissora that other investors privately say they share.
Aug 21- EBay Inc is considering a spinoff of PayPal, its fast-growing payments unit, as soon as next year, tech news website The Information reported, citing sources. EBay told potential candidates for the position of PayPal chief executive officer, a post that David Marcus vacated in June, about a possible spinoff of the payments unit, the website reported.
Aug 21- Family Dollar Stores Inc rejected a $9 billion buyout offer from Dollar General Corp and issued a sharp rebuke to accusations its CEO favors a smaller bid from Dollar Tree Inc because it would allow him to keep his job.
Aug 21- EBay Inc is considering spinning out its fast-growing payments unit PayPal as soon as next year, news website The Information reported, citing sources. EBay shares were up 5 percent at $56.08 on the Nasdaq. EBay Chief Executive John Donahoe has consistently said that PayPal was integral to eBay's business and a split would not make sense.
Family Dollar has rejected a takeover bid from dollar-store competitor Dollar General, saying it would be too hard for the deal to pass antitrust regulators.
Aug 21- Dollar General Corp questioned whether Family Dollar Stores Inc Chief Executive Howard Levine was being driven by self-interest in his support of a proposed takeover of his company by Dollar Tree Inc..
Last year Hertz adopted a so-called poison pill to prevent any one shareholder from gaining control of the company as activist investors began circling.
BOSTON, Aug 20- Billionaire investor Carl Icahn said on Wednesday that he owns an 8.5 percent stake in Hertz Global Holdings Inc and plans to pressure the rental car company's management over accounting issues and operational failures.
NEW YORK— Activist investor Carl Icahn has taken an 8.5 percent stake in Hertz, saying he plans to have talks with the rental car company and may seek representation on its board. In a filing with the Securities and Exchange Commission, Icahn said he wants to talk about accounting issues, operating problems and his lack of confidence in company management.
Apple's stock touched a new high, reflecting renewed faith in CEO Tim Cook's ability to outwit competition and expand the technological hit factory.
SAN FRANCISCO— Apple's stock touched a new high Wednesday, reflecting investors' renewed faith in CEO Tim Cook's ability to outwit the competition and expand the technological hit factory built by the late Steve Jobs.
Icahn has pushed Family Dollar to sell itself to Dollar General and has been openly critical of Family Dollar Chief Executive Howard Levine, who would have retained his position after an acquisition by Dollar Tree.
Family Dollar wouldn't have been acquired without his prodding, activist investor Carl Icahn says.
Icahn Enterprises Chairman Carl Icahn, discusses the bidding war for Family Dollar, and Chief Executive Howard Levine's handling of the takeover bids. "This wasn't going to happen at this company if we hadn't appeared," he says.
Dollar General made a competing bid for Family Dollar on Monday trumping the offer by Dollar Tree. Icahn Enterprises Chairman Carl Icahn, says he had a friendly dinner with Family Dollar Chief Executive Howard Levine and some of his board, in which the company claimed Icahn is to blame Dollar General wasn't interested.
1. "Teenage Mutant Ninja Turtles," Paramount, $28,523,147, 3,980 locations, $7,167 average, $117,765,383, 2 weeks. 3. "Let's Be Cops," 20th Century Fox, $17,813,722, 3,094 locations, $5,758 average, $26,220,986, 1 week. 5. "The Giver," The Weinstein Company, $12,305,016, 3,003 locations, $4,098 average, $12,305,016, 1 week.
CNBC's David Faber provides insight on Dollar General's bid for Family Dollar. Faber explains why he expects the deal to be rejected by Family Dollar at first.
CNBC's Jim Cramer discusses Dollar General's offer to buy rival retailer Family Dollar in a transaction valued at $9.7 billion.
Aug 18- Dollar General Corp offered to buy Family Dollar Stores Inc for $8.95 billion, trumping an offer by Dollar Tree Inc, to strengthen its position as the No. 1 U.S. discount retailer. Both Dollar General and Dollar Tree have some capacity to go a little bit higher with the offer price, " Telsey Advisory Group analyst Joseph Feldman said.