The Justice Department and the FBI are investigating Herbalife, which hedge fund manager Bill Ackman has long alleged is a pyramid scheme, FT reports.» Read More
2. "Rio 2," 20th Century Fox, $39,327,869, 3,948 locations, $9,961 average, $39,327,869, 1 week. 3. "Oculus," Relativity Media, $12,005,402, 2,648 locations, $4,534 average, $12,005,402, 1 week. 4. "Draft Day," Lionsgate, $9,783,603, 2,781 locations, $3,518 average, $9,783,603, 1 week.
NEW YORK— "Captain America" continued to flex its Marvel muscle at the global box office, as "The Winter Soldier" took in $41.4 million domestically and $60.6 million overseas. The strong second-week performance for the Walt Disney release in North America was enough to narrowly edge 20th Century Fox's "Rio 2" in a springtime battle of sequels.
NEW YORK/ BOSTON, April 11- The U.S. Federal Bureau of Investigation is probing Herbalife Ltd, the nutrition and weight loss company that hedge fund manager William Ackman has called a pyramid scheme, sources familiar with the investigation said on Friday.
EBay shares rose 18 cents to $54.26 in morning trading. Billionaire investor Carl Icahn has been pushing eBay to spin off PayPal, a mobile payment business that is growing faster than the rest of the company.
SAN FRANCISCO/ NEW YORK, April 10- Carl Icahn backed off calls for eBay Inc to spin out its fast-growing PayPal payments unit on Thursday, after the billionaire investor failed to drum up support from the e-commerce company's major shareholders. Icahn withdrew his two nominees to eBay's board ahead of the company's annual meeting in May.
A deal to stave off a proxy fight with eBay was a win-win situation, activist investor Carl Icahn says.
Carl Icahn of Icahn Enterprises provides perspective on the "loved market" right now, and why investors should remain cautious. "A lot of the earnings are sort of artificial," he says.
CNBC's Scott Wapner asks Carl Icahn of Icahn Enterprises, how much he made in eBay so far.
Carl Icahn of Icahn Enterprises discusses the value of activism, and why he thinks eBay is "very undervalued."
Carl Icahn of Icahn Enterprises remarks on why he thought all shareholders should consider whether eBay CEO John Donahoe is "either incompetent or negligent."
Carl Icahn of Icahn Enterprises explains why withdrawing his proposal to spin off PayPal is a win-win for all shareholders. He says he "continues to think the company should be separated."
NEW YORK, April 10- Activist investor Carl Icahn has dropped his call for eBay Inc to split off its fast-growing PayPal payments unit but has suggested he would keep pressure on the e-commerce company.
CNBC's Scott Wapner discusses investor Carl Icahn's settlement with eBay to withdraw his proposals to separate eBay's PayPal business.
*Bed, Bath& Beyond slumps after earnings. *eBay falls after ending proxy fight with Icahn. Google Inc, which was down 2.5 percent at $553, and Biogen Idec Inc, down 3.7 percent at $289.50, were among the biggest drags on the S&P 500..
EBay announced it will—at Carl Icahn's urging—appoint business executive David Dorman as an independent director. In exchange, Icahn said he'll back off.
Bed Bath& Beyond plunged 6 percent after the company reported that weaker sales drove down its earnings in the latest quarter. EBay fell 2 percent on news that the activist investor Carl Icahn is backing down from his push to shake up the company. Rite Aid surged 13 percent after reporting earnings that beat analysts' forecasts.
NEW YORK, April 10- EBay Inc and Carl Icahn ended their proxy fight on Thursday as the activist investor dropped his proposal that the e-commerce company split off its PayPal payments unit and withdrew his two nominees for the eBay board.
The proxy fight between Carl Icahn and eBay is over. The "Squawk on the Street" news team discuss Icahn's agreement to withdraw both of his proposals to separate eBay's PayPal business and nominees to the company board.
*Bed, Bath& Beyond slumps after earnings. *Bed, Bath& Beyond shares slumped 6 percent to $63.85 before the opening bell after the domestic merchandise retailer reported fourth-quarter earnings. *Family Dollar Stores Inc lost 1.8 percent to $58 in premarket after it reported second-quarter results and gave an outlook that fell short of expectations.
This is a real win-win, says John Donahoe, eBay president and CEO, sharing his thoughts on Carl Icahn withdrawing his proposal to separate eBay from its PayPal unit.