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Carl Icahn

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  • Crane maker Manitowoc to spin off foodservice business Thursday, 29 Jan 2015 | 5:52 PM ET

    Jan 29- Crane maker Manitowoc Co Inc said it would spinoff its high-margin foodservice business into a publicly traded company, sending the company's shares up 8 percent in extended trading. Activist investors Carl Icahn and Ralph Whitworth's Relational Investors had been pushing the company over the past few months to split its cranes and foodservice...

  • Manitowoc says it will split into 2 companies in 2016 Thursday, 29 Jan 2015 | 5:43 PM ET

    NEW YORK— Crane-maker and food service company Manitowoc said Thursday it will split itself in two, a move encouraged by activist investors. Manitowoc said it plans to spin off the food service business, which had $1.6 billion in revenue in 2014 and makes equipment including ice, beverage, refrigeration, food preparation, and cooking for restaurants,...

  • Atlantic City casino workers demonstrated outside the New York City offices of billionaire investor Carl Icahn on Thursday to protest the elimination of benefits at a casino he is poised to acquire. He is taking over the bankrupt Trump Entertainment Resorts, which owns the Trump Taj Mahal casino. "I feel like we made our point," said Valerie McMorris, a cocktail...

  • Jan 28- Money managers, because they do their job with an eye to their own bottom line, tend to drive over-valued assets higher and undervalued ones lower. This momentum following and index hugging manages to drive the market as a whole higher while leaving clients concentrated in assets that may underperform. As a consequence, they become less willing to deviate...

  • WILMINGTON, Del.— A federal judge in Delaware approved $20 million in new bankruptcy financing Wednesday for Trump Entertainment Resorts from billionaire investor Carl Icahn as the company continues to work to keep the struggling Taj Mahal casino in Atlantic City, New Jersey, open. Bankruptcy Judge Kevin Gross approved the debtor-in-possession financing...

  • UPDATE 1-Nelson Peltz slashes stake in Family Dollar Tuesday, 27 Jan 2015 | 7:11 AM ET

    Jan 27- Investor Nelson Peltz's Trian Fund Management LP slashed its stake in Family Dollar Stores Inc by more than two-thirds to 2.07 percent, days after the company's shareholders agreed to Dollar Tree Inc's $8.5 billion buyout offer. Garden also served on a committee of four directors that oversaw Family Dollar's review of strategic alternatives...

  • The Navy SEAL marksman drama starring Bradley Cooper stayed in first place in its second weekend in wide release, earning $64.6 million. 1. "American Sniper," Warner Bros., $64,628,304, 3,705 locations, $17,444 average, $200,400,417, 5 weeks. 2. "The Boy Next Door," Universal, $14,910,105, 2,602 locations, $5,730 average, $14,910,105, 1 week.

  • 'American Sniper' holds top spot at weekend box office Sunday, 25 Jan 2015 | 12:48 PM ET

    The total haul for the Warner Bros. film now stands at $200.1 million. "American Sniper" also earned an additional $17.6 million in 16 international territories, including Australia, Sweden, Norway and Denmark. "We've never quite seen anything like this at this time of year," said Paul Dergarabedian, senior media analyst at box-office tracker Rentrak.

  • NEW YORK, Jan 22- Billionaire investor Carl Icahn, whose portfolio is stocked with oil companies, said on Thursday that he expects the price of oil to fall further before it recovers on increased demand. Icahn said he placed the currency bet about 2-1/ 2 to three years ago, when one euro bought about $1.28 U.S. dollars. While one euro bought as many as $1.3992 U.S. dollars...

  • Jan 22- Activist investor Carl Icahn nominated two directors to USA Today publisher Gannett Co Inc's board and pushed for changes in the company's corporate governance practices. Gannett's shares rose as much as 3.9 percent to $32.58 on the New York Stock Exchange. Gannett said in August it would separate its slow-growing print operations, including USA...

  • Icahn: I stick with euro/dollar short  Thursday, 22 Jan 2015 | 12:50 PM ET

    Carl Icahn, chairman of Icahn Enterprises, discusses central bank action, and his view of the global market.

  • Icahn: I believe oil will go lower  Thursday, 22 Jan 2015 | 12:44 PM ET

    Carl Icahn, Chairman of Icahn Enterprises, provides perspective on the pullback in the price of oil.

  • Icahn on eBay: Peace better than war  Thursday, 22 Jan 2015 | 12:39 PM ET

    Ebay is calling the actions of its largest shareholder Carl Icahn aggressive. Icahn responds.

  • Ebay says it has entered into an agreement the company's largest shareholder Carl Icahn, and will appoint Icahn's pick Jonathan Christodoro to its board. Icahn weighs in on the company's decision to spin off its PayPal payments service.

  • Activist investor Icahn nominates 2 to Gannett's board Thursday, 22 Jan 2015 | 11:01 AM ET

    NEW YORK— Activist investor Carl Icahn has nominated two people to the board of USA Today publisher Gannett Co.. Icahn, who owns a 6.6 percent stake in Gannett, says in an SEC filing that he is concerned that the separated companies might become targets of a takeover attempt. Icahn's aggressive actions, including his threat to run a proxy contest to force wholesale...

  • Icahn nominates two directors to Gannett board Thursday, 22 Jan 2015 | 10:54 AM ET

    Activist investor Carl Icahn nominated two directors to USA Today publisher Gannett's board.

  • UPDATE 1-Icahn nominates two directors to Gannett board Thursday, 22 Jan 2015 | 10:00 AM ET

    Jan 22- Activist investor Carl Icahn nominated two directors to USA Today publisher Gannett Co Inc's board and pushed for changes in the company's corporate governance practices. Gannett said in August it would separate its slow-growing print operations, including USA Today, from its TV and digital properties. Icahn, who owned about 6.6 percent of Gannett as...

  • Icahn nominates two directors to Gannett board Thursday, 22 Jan 2015 | 9:13 AM ET

    Jan 22- Activist investor Carl Icahn nominated two directors to USA Today publisher Gannett Co Inc's board. Icahn, who owned about 6.6 percent of Gannett as of Sept. 30, said he was concerned about the decisions the company may make in anticipation of its proposed spinoff. I would not be surprised if either company became the target of a takeover attempt, "Icahn wrote...

  • *Verizon, F5 Networks both lower after results. *Royal Bank of Canada to buy City National. NEW YORK, Jan 22- U.S. stock index futures pointed to modest gains at the open on Thursday after the European Central Bank announced expanded measures to stimulate the region's economy.

  • Was Icahn right on PayPal?  Thursday, 22 Jan 2015 | 7:33 AM ET
    Reid Hoffman, founder and Chairman, Linkedin, at 2015 WEF in Davos, Switzerland.

    Reid Hoffman, LinkedIn co-founder, discuss why he initially disagreed with Carl icahn's plan to split PayPal from eBay.