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Carl Icahn

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  • The somewhat weak debut of Warner Bros.' R-rated "Focus," co-starring Margot Robbie, handed Smith another no. 1 box office opening but came in slightly below expectations. 1. "Focus," Warner Bros., $18,685,137, 3,323 locations, $5,623 average, $18,685,137, 1 week. 3. "The SpongeBob Movie: Sponge Out Of Water," Paramount, $10,820,212, 3,467 locations, $3,121 average,...

  • NEW YORK— Activist investor Carl Icahn has withdrawn his nominees to Gannett's board, ending a proxy fight with the USA Today publisher ahead of its planned split of its print and broadcast divisions. However, in a Monday filing with the Securities and Exchange Commission, Icahn said he had reached an agreement with Gannett over corporate governance rules and...

  • 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...

  • NEW YORK— Will Smith's con-man caper "Focus" disrobed "Fifty Shades of Grey" at the box office, but the film's modest $19.1 million opening still left questions about the drawing power of the once unstoppable star. According to studio estimates Sunday, Warner Bros.' "Focus" easily topped all competitors on a weekend with little competition at North American...

  • Hard Rock: We'll be open as long as Taj Mahal casino is Thursday, 26 Feb 2015 | 10:34 AM ET

    ATLANTIC CITY, N.J.— Atlantic City's Hard Rock Cafe is shutting down in April. The restaurant and bar filed a warning notice late Wednesday with the New Jersey Labor Department that it would close on April 22, putting 73 people out of work. The nightspot operates inside the Trump Taj Mahal Casino Resort, which is trying to emerge from bankruptcy.

  • 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...

  • "There was a pent-up demand and excitement for' Fifty Shades of Grey' last weekend, so this was its destiny after it broke the box-office record for the biggest opening in February and didn't have the added bonus of a holiday weekend," said Paul Dergarabedian, senior media analyst for box office firm Rentrak. Fox's "Kingsman" nabbed $17.5 million, while Paramount's "...

  • Feb 20- Sarissa Capital Management LP kicked off a proxy battle with Ariad Pharmaceuticals Inc, demanding the retirement of Harvey Berger, the drugmaker's chief executive and principal founder, as the company struggles with poor sales of its only drug on the market. Ariad's blood cancer drug, Iclusig, has failed to live up to sales expectations after the U.S. Food...

  • Feb 20- Sarissa Capital Management LP kicked off a proxy battle with Ariad Pharmaceuticals Inc on Friday, demanding the retirement of Harvey Berger, the drugmaker's chief executive and principal founder. The hedge fund, Ariad's largest shareholder with a 6.87 percent stake, according to Thomson Reuters data, has been negotiating Berger's exit with some of...

  • HOUSTON, Feb 20- Barely two months into his new job as the head of the world's largest offshore driller, Steven Newman was steering Transocean through the 2010 Gulf of Mexico oil spill, quickly earning a reputation as a CEO with a steady hand. A Transocean official declined to comment. According to a Transocean presentation, its fleet is about 25 percent larger than...

  • Whale Watch: Icahn ups his stake in eBay Wednesday, 18 Feb 2015 | 6:27 AM ET
    An employee at ebay in Berlin, Germany.

    Billionaire activist Carl Icahn slightly boosted his exposure to eBay by roughly $25 million in the fourth quarter, according to a regulatory filing.

  • Feb 16- The chief executive of Transocean Ltd, one of the world's top offshore drilling companies, is stepping down and the company is slashing its dividend as business slows on tumbling crude oil prices. Transocean said on Sunday that Chairman Ian Strachan, who previously held executive positions at Exxon Mobil Corp and Rio Tinto PLC, will serve as interim chief...

  • Feb 16- The chief executive of Transocean Ltd, which owns the world's largest fleet of offshore drilling rigs, is stepping down as it moves to slash its dividend amid the global slump in oil prices. Transocean's board also recommended lowering its annual dividend by 80 percent to 60 cents per share, as it seeks to conserve its capital. Newman, who joined the company...

  • Faber Report: Demise of Drexel  Friday, 13 Feb 2015 | 9:17 AM ET

    CNBC's David Faber takes a look back at the collapse of Drexel Burnham 25 years ago.

  • Apple to hit $1 trillion market cap? Not so fast... Friday, 13 Feb 2015 | 7:21 AM ET
    Apple has a lot of extra cash now but where will it put its money next.

    Carl Icahn thinks Apple is already worth over $1 trillion but others think it will take a while for the iPhone maker's stock value to get there.

  • Apple $1 trillion market value could be years away Friday, 13 Feb 2015 | 3:45 AM ET
    An Apple Store in Tianjin, China.

    Activist Investor Carl Icahn thinks Apple is already worth over $1 trillion but others on Wall Street think it will take a few more years for the iPhone maker's stock value to get there.

  • SAN FRANCISCO, Feb 12- Activist Investor Carl Icahn thinks Apple Inc is already worth over $1 trillion but others on Wall St. think it will take a few more years for the iPhone maker's stock value to get there. With Apple's stock market value ballooning this week beyond $700 billion, larger than Switzerland's gross domestic product, activist investor Icahn said...

  • Icahn: Buyback always been a no-brainer  Thursday, 12 Feb 2015 | 12:00 PM ET

    Carl Icahn is taking a strong stance on Apple concerning its buyback, reports CNBC's Scott Wapner. The FMHR traders share their view.

  • CNBC update: Icahn says Apple $1 trillion company  Thursday, 12 Feb 2015 | 10:32 AM ET

    Carl Icahn thinks Apple should be trading at $216 per share, and American Express has ended its partnership with Costco, reports CNBC's Sue Herera.