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Carl Icahn

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  • The Blake Lively fantasy romance "The Age of Adaline" opened solidly with $13.2 million, coming in third behind the Sony comedy "Paul Blart: Mall Cop 2," which made $14.8 million in its second week of release. 2. "Paul Blart: Mall Cop 2," Sony, $14,776,726, 3,633 locations, $4,067 average, $43,224,910, 2 weeks. 4. "Home," 20th Century Fox, $8,005,648, 3,311 locations, $2,418...

  • Taj Mahal wants judge to penalize union over letters Tuesday, 21 Apr 2015 | 11:58 AM ET

    A bankruptcy judge in Delaware will consider a request Wednesday by Trump Entertainment Resorts to force Local 54 of the Unite-HERE union to acknowledge that letters it sent to Taj Mahal customers urging them to take their business elsewhere were misleading. The campaign began shortly before the judge granted Trump Entertainment's request in October to...

  • April 21- Gannett Co Inc, publisher of USA Today, reported a better-than-expected profit as revenue from its digital business soared. Gannett said in August that it would spin off its print operations, including USA Today, joining a host of media companies separating slower-growing publishing assets from TV and digital properties. Net income attributable to...

  • Box Office Top 20: 'Furious 7' nears $300 million Monday, 20 Apr 2015 | 5:40 PM ET

    LOS ANGELES— Newcomers "Paul Blart: Mall Cop 2" and "Unfriended" were still no match for "Furious 7" in its third week in release. Despite lackluster reviews, Sony's "Paul Blart" sequel opened stronger than expected with $23.8 million on a $30 million budget, while Universal and Blumhouse's micro-budget horror film "Unfriended" well surpassed its $1 million production...

  • 'Furious 7' speeds ahead of the competition Sunday, 19 Apr 2015 | 11:24 AM ET

    The reigning box office champion might have slowed from its blockbuster debut, but "Furious 7" maintained first place for the third weekend in a row with an estimated $29.1 million, according to box office tracker Rentrak on Sunday. "The film has set a new standard for the potential for box-office in the pre-summer month of April and has truly become part of movie...

  • ATLANTIC CITY, N.J.— Eight years ago, Atlantic City's Tropicana casino was hanging by a thread. But now, the Tropicana has rebounded to become one of Atlantic City's more profitable casinos. "When you think back to that period of time, this place was a diamond in the rough," said Tropicana President Tony Rodio, who ran a different Atlantic City casino at the time.

  • NEW YORK/ BOSTON, April 2- Some top shareholders of IBM, disappointed by 11 straight quarters of falling revenues, are seeking help from activist investors to shake up the company, but have been turned down by both Bill Ackman's Pershing Square and Jeffrey Ubben's ValueAct, according to people with knowledge of the matter. International Business Machines Corp is...

  • NEW YORK/ BOSTON, April 2- Some top shareholders of IBM, disappointed by 11 straight quarters of falling revenues, are seeking help from activist investors to shake up the company, but have been turned down by both Bill Ackman's Pershing Square and Jeffrey Ubben's ValueAct, according to people with knowledge of the matter. International Business Machines Corp is...

  • US STOCKS-Futures flat at start of second quarter Wednesday, 1 Apr 2015 | 7:17 AM ET

    NEW YORK, April 1- U.S. stock index futures were little changed on Wednesday, with investors reluctant to keep pushing shares higher after both the S&P 500 and Nasdaq closed out their ninth straight quarter of advances. Key reports on manufacturing will be released after the market opens on Wednesday, while a report on private sector employment is due at...

  • Bill Ackman: Shutting this company down is key to me Tuesday, 31 Mar 2015 | 5:49 AM ET
    Bill Ackman joins Squawk Box on their first day at their new set in New York City.

    Hedge fund mogul William Ackman said on Monday that shutting down Herbalife is "one of the most important things" he can do.

  • WASHINGTON, March 30- Hedge fund mogul William Ackman, who has spent more than two years accusing Herbalife Ltd of running a pyramid scheme, said on Monday that shutting down the company is "one of the most important things" he can do. Speaking at a meeting of the Council of Institutional Investors' in Washington, Ackman said again that Herbalife has caused "enormous...

  • The young & the restless: Activism's rising stars Friday, 27 Mar 2015 | 6:56 AM ET
    Scott Ferguson, Sachem Head Capital Management

    Can you guess the top six rising stars of activist hedge fund investing? Meet them here.

  • 140 things you don't know about Twitter Friday, 20 Mar 2015 | 10:15 AM ET
    Bird was the word as Twitter founders and executives were all smiles on the day the company went public on the New York Stock Exchange in November 2013.

    Think you know all there is to know about Twitter? Think again.

  • Bill Ackman: I haven't traded around Herbalife short Friday, 13 Mar 2015 | 9:34 AM ET
    Bill Ackman appears on CNBC's "Squawk Box" in New York.

    The activist investor tells CNBC he has not been contacted by the FBI or the Justice Department regarding his campaign against Herbalife.

  • BOSTON, March 7- The largest new field of activist investors in years is shaking up corporate America, seeking to tap into billions of dollars in available capital and inspired by the outsized returns of brand-name agitators like William Ackman and Carl Icahn. Among the newcomers are firms like H Partners, Chieftain Capital, Isaac Capital, Vertex Capital, Jet...

  • Is Bill Ackman a pitchman for a financial app? Wednesday, 4 Mar 2015 | 12:30 PM ET
    Bill Ackman joins Squawk Box on their first day at their new set in New York City.

    Financial app mines your financial data while comparing portfolio results with top Wall Street hedge funds

  • Apple will hit $1 trillion when THIS happens Wednesday, 4 Mar 2015 | 10:46 AM ET
    People entering an Apple store in New York

    What's the next big market threshold for investors to watch? Apple at $1 trillion. USA Today reports.

  • March 2- USA Today publisher Gannett Co Inc said it had reached an agreement with Carl Icahn resulting in the activist investor withdrawing his nominations to the company's board. Icahn, who owns about 6.6 percent of Gannett, nominated two directors in January, saying he was concerned about decisions the company may make in anticipation of the proposed spinoff...

  • Gannett says Icahn withdraws director nominations Monday, 2 Mar 2015 | 7:30 AM ET

    March 2- USA Today publisher Gannett Co Inc said it had reached an agreement with Carl Icahn resulting in the activist investor withdrawing his nominations to the company's board. Icahn, who owns about 6.6 percent of Gannett, nominated two directors in January, saying he was concerned about decisions the company may make in anticipation of the proposed spinoff...

  • Hertz says restatement to dent profit more than expected Wednesday, 25 Feb 2015 | 9:40 AM ET

    Hertz also estimated fourth-quarter revenue below Wall Street expectations and said it expects a strong dollar to hurt 2015 revenue by about 3 percent. Hertz estimated that the restatement would reduce GAAP pre-tax income for 2011, 2012 and 2013 by about $153 million, up from its previous estimate of about $138 million. Hertz estimated fourth-quarter...