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Carl Icahn

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  • 1. "Avengers: Age Of Ultron," Disney, $191,271,109, 4,276 locations, $44,731 average, $191,271,109, 1 week. 4. "Paul Blart: Mall Cop 2," Sony, $5,880,022, 3,548 locations, $1,657 average, $51,516,418, 3 weeks. 5. "Home," 20th Century Fox, $3,472,177, 2,852 locations, $1,217 average, $158,304,454, 6 weeks.

  • NEW YORK, May 4- Billionaire hedge fund manager David Einhorn, who often moves a stock simply by speaking its name, on Monday kicked off the year's most prominent investment conference by laying out a case against oil frackers, arguing these companies drill "lots and lots of holes" and burn through plenty of cash. Einhorn, who often unveils so-called short-bets...

  • NEW YORK, May 4- Billionaire hedge fund manager David Einhorn kicked off the 20th annual Sohn Investment Conference in New York on Monday by laying out his case against oil frackers, arguing that these companies drill "lots and lots of holes" and burn through plenty of cash. Activist investor Barry Rosenstein discussed two investment ideas that were already well...

  • The Marvel and Disney sequel earned a staggering $187.7 million in its debut weekend, making it the second biggest U.S. opening of all time according to Rentrak estimates Sunday. But "Avengers: Age of Ultron" failed to top the all-time record of the first film's $207.4 million debut in 2012.. Although "Ultron" was the only new film in wide release this weekend, it had...

  • Tropicana refuses anti-Icahn letter from casino workers Thursday, 30 Apr 2015 | 6:34 PM ET

    ATLANTIC CITY, N.J.— A group of Atlantic City casino workers tried to deliver a letter Thursday to billionaire Carl Icahn protesting benefit cuts at the Trump Taj Mahal, but they were turned away. The workers marched to the Tropicana, which Icahn owns and where they believed he was staying Thursday evening, to try to hand-deliver him a letter. "They would not take the...

  • Stockton may scrap Showboat casino campus deal Thursday, 30 Apr 2015 | 12:04 PM ET

    TRENTON, N.J.— The acting president of Stockton University moved quickly Thursday to distance the school from a stalled effort to transform a former Atlantic City casino into a satellite campus, saying its immediate goal is to undo the "mistake." Harvey Kesselman told a state Senate panel his university still wants to remain in Atlantic City, but not at the former...

  • Tropicana Las Vegas hotel and casino to be sold for $360M Wednesday, 29 Apr 2015 | 8:51 AM ET

    LAS VEGAS— Penn National Gaming spent years shopping for a Vegas Strip property and it has finally found one. The company announced Wednesday that it is buying the 58- year-old Tropicana Las Vegas, paying $360 million to shareholders including private equity firm Onex Corp.. Onex spent the past four years giving the Tropicana a $200 million face-lift after...

  • April 29- Ariad Pharmaceuticals Inc said Chief Executive Harvey Berger would retire as part of a deal to settle its proxy battle with largest shareholder Sarissa Capital Management. Ariad's shares were up 4 percent at $9.22 in premarket trading. Sarissa, an activist fund run by investor Carl Icahn's former healthcare lieutenant, Alex Denner, holds a 6.85...

  • Icahn says Apple still undervalued Tuesday, 28 Apr 2015 | 11:59 AM ET

    April 28- Apple Inc remains undervalued and misunderstood, activist investor Carl Icahn tweeted, even as the company posted stellar quarterly results on Monday. Apple beat Wall Street's revenue and profit forecasts on Monday as it sold more iPhones in China than the United States for the first time. The most valuable publicly traded U.S. company also raised its...

  • 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...

  • 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...

  • Why this new trend is bad for bonds Thursday, 9 Apr 2015 | 12:05 AM ET
    Bill Ackman appears on CNBC's "Squawk Box" in New York.

    After two record-setting years in a row, activists are back at it again only in even bigger numbers this year, according to a Moody's report.

  • Cramer: Beware activists! Beat 'em at their game Wednesday, 8 Apr 2015 | 6:34 PM ET
    Pedestrians walk passed The Children's Place retail toy store in downtown Boston.

    Jim Cramer warns investors about activists, and gives the best approach to make money from an activist stock.

  • 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.