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Carl Icahn

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  • Potential Revel casino buyer wants discount Thursday, 25 Dec 2014 | 12:58 PM ET

    ATLANTIC CITY, N.J.— The Florida developer in line to purchase the former Revel Casino Hotel in Atlantic City says in court filings that the auction for the property wasn't run fairly and he wants an $8 million discount. Lawyers for Glenn Straub said in a court filing Wednesday that the property should be sold for $87 million, not the $95.4 million runner-up bid his...

  • Box office: 'Hobbit' finale sends 'Exodus' fleeing Monday, 22 Dec 2014 | 6:21 PM ET

    The Fox comedy "Night at the Museum: Secret of the Tomb" opened with $17.1 million, while Sony's "Annie" remake debuted with $15.9 million. 2. "Night At The Museum: Secret Of The Tomb," 20th Century Fox, $17,100,520, 3,785 locations, $4,518 average, $17,100,520, 1 week. 3. "Annie," Sony, $15,861,939, 3,116 locations, $5,090 average, $15,861,939, 1 week.

  • WILMINGTON, Del., Dec 22- The Trump Taj Mahal, a casino hotel in New Jersey's struggling Atlantic City gambling hub, could stay open for all of 2015 with a $20 million financing package from investor Carl Icahn, lawyers for Trump Entertainment Resorts said on Monday. Atlantic City's fortunes have faded as competition from Pennsylvania and other neighboring...

  • Trump Entertainment eyes new financing from Icahn Monday, 22 Dec 2014 | 12:57 PM ET

    WILMINGTON, Del.— Trump Entertainment Resorts says a new $20 million pledge by billionaire investor Carl Icahn will give it time to restructure while keeping the struggling Taj Mahal casino open. Trump attorneys said Monday that Icahn's proposal, $15 million more than his previous bankruptcy financing offer, runs through Dec. 31, 2015. The revised plan omits a...

  • NEW YORK— While Hollywood continued to wrestle with the fallout of the Sony hacking scandal, the weekend box office offered the solace of a moviegoing truism: Hobbits sell. In its second week of release overseas, Warner Bros.' "Five Armies" added $105.5 million to bring its two-week global total past $350 million. Jeff Goldstein, head of domestic distribution for...

  • Dec 18- Billionaire investor Carl Icahn offered $20 million in financing on Thursday to keep the Trump Taj Mahal from becoming the fifth casino to close this year in New Jersey's troubled Atlantic City, was once the only major destination for gamblers on the U.S. East Coast. The Taj, owned by bankrupt Trump Entertainment Resorts Inc., is slated to close on Saturday.

  • Dec 18- Billionaire investor Carl Icahn offered to lend $20 million to help bankrupt casino operator Trump Entertainment Resorts Inc keep its Trump Taj Mahal casino in Atlantic City open.

  • Icahn promises Taj Mahal casino $20M to stay open Thursday, 18 Dec 2014 | 1:57 PM ET

    In a letter dated Thursday, Icahn promised Trump Entertainment Resorts that he would provide enough money to keep the casino open throughout bankruptcy proceedings. "Many people would still argue that it would be a better financial decision for me to let the Taj close and wait to see whether a global settlement can be reached," Icahn wrote to Trump Entertainment...

  • Casino union defies deadline in Taj Mahal showdown Monday, 15 Dec 2014 | 5:26 PM ET

    ATLANTIC CITY, N.J.— A casino workers union in Atlantic City defied a company-imposed deadline Monday to withdraw its appeal of a court-ordered, cost-cutting package. Local 54 of the Unite-HERE union ignored the deadline imposed last week by Trump Entertainment Resorts to withdraw its appeal of a bankruptcy court order that terminated the union contract...

  • Carl Icahn raises stake in car rental company Hertz Tuesday, 25 Nov 2014 | 7:01 PM ET
    Carl Icahn

    Activist investor Carl Icahn raised his stake in U.S. car rental company Hertz Global Holdings Inc to 10.77 percent from 8.48 percent.

  • Carl Icahn raises stake in car rental company Hertz Tuesday, 25 Nov 2014 | 6:44 PM ET

    The billionaire was already Hertz's largest shareholder and in the past few months had successfully pushed for management changes and won board seats on the company. Earlier this month, Icahn-backed John Tague was named as Hertz's chief executive, fending off a challenge from Dollar Thrifty CEO Scott Thomson, who was backed by Jana Partners, the company's...

  • Icahn ups stake in Hertz: Report  Tuesday, 25 Nov 2014 | 5:37 PM ET

    CNBC's Dominic Chu reports Carl Icahn has increased his stake in Hertz Global. Trader Karen Finerman provides insight.

  • Icahn not involved in IBM  Monday, 24 Nov 2014 | 2:15 PM ET

    CNBC's Scott Wapner reports Carl Icahn has no involvement with IBM.

  • UPDATE 1-Hertz Global names John Tague as CEO Thursday, 20 Nov 2014 | 5:52 PM ET

    Nov 20- U.S. car rental company Hertz Global Holdings Inc named John Tague as chief executive, overlooking a candidate put forward by activist investor Jana Partners. Hertz had formed a search committee including two independent directors nominated by Icahn to find a replacement for Mark Frissora, who resigned in September. The Committee and the Board...

  • Hertz names Icahn-backed candidate as CEO Thursday, 20 Nov 2014 | 4:25 PM ET
    John Tague in 2003

    Sources familiar with the search have said that a number of funds were pushing for a different candidate, former Dollar Thrifty CEO Scott Thompson.

  • NEW YORK, Nov 20- Six years of interest rate suppression by the U.S. "The high-yield market is sort of in a bubble and sooner or later there will be a price paid for that," said Carl Icahn, the billionaire investor who said he owns credit default swaps on high yield debt against the 5- year U.S. Martin Fridson, chief investment officer of wealth management firm Lehmann...

  • NEW YORK, Nov 19- Several months ago, U.S. mutual funds scooped up most of the $1.25 billion in high-yield junk bonds issued by Denbury Resources Inc, a Plano, Texas, oil and gas exploration company. The 5.5 percent coupon on the Denbury bonds maturing in 2022 attracted a number of U.S. mutual fund buyers, including the Franklin Income Fund, which held nearly 10 percent...

  • Carl Icahn does what Donald Trump could not Wednesday, 19 Nov 2014 | 11:15 AM ET

    Carl Icahn has reportedly purchased the home of Vera Coking, who made headlines after resisting overtures to sell from Donald Trump.

  • Watch Carl Icahn's correction calls from this year Tuesday, 18 Nov 2014 | 3:00 PM ET
    Carl Icahn

    Billionaire investor Carl Icahn called for a "major correction" on Monday, and he gave his dire prediction plenty of runway—about three to five years.

  • Europe closes positive as German data beats Tuesday, 18 Nov 2014 | 11:32 AM ET

    European shares closed in positive territory on Tuesday as new data for Germany beat expectations and buoyed investor sentiment.