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Carl Icahn

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  • APNewsBreak: Icahn says Taj casino likely to close Thursday, 23 Oct 2014 | 6:10 PM ET

    ATLANTIC CITY, N.J.— Billionaire investor Carl Icahn says the struggling Trump Taj Mahal casino "will almost certainly close." Four of Atlantic City's 12 casinos have closed this year, and the Taj Mahal would be the fifth. Icahn, sounding very much like a man growing tired of the whole topic, said that even though he won't back out of a deal he made with owner Trump...

  • Taj Mahal casino workers dreading insurance loss Thursday, 23 Oct 2014 | 11:30 AM ET

    ATLANTIC CITY, N.J.— One worker had to move up a double mastectomy before her insurance runs out in a week. All three are longtime workers at Atlantic City's Taj Mahal casino, and in just over a week, the three will be without health insurance following a judge's termination of the union's contract with the bankrupt casino. When U.S. Bankruptcy Court Judge Kevin Gross...

  • Owners: Taj Mahal to stay open throughout November Wednesday, 22 Oct 2014 | 5:38 PM ET

    ATLANTIC CITY, N.J.— Trump Entertainment Resorts is dropping its threat to close Atlantic City's Taj Mahal casino on Nov. 13. Trump Entertainment has been pursuing a long-shot rescue plan to re-finance the company and transfer ownership to billionaire Carl Icahn, who would pump $100 million into it. "As of now we don't have any plan to close the Taj, but that could...

  • Fidelity star manager cuts Herbalife bet in third quarter Wednesday, 22 Oct 2014 | 3:21 PM ET

    BOSTON, Oct 22- One of Fidelity Investments' top stock pickers cooled on Herbalife Ltd in the third quarter, cutting his stake in the company after a profit miss and fresh allegations from billionaire investor William Ackman that it is a fraud. Steve Wymer, who runs the $41 billion Fidelity Growth Company Fund disclosed reducing his stake in Herbalife in a...

  • Icahn: Apple a 'no brainer'     Tuesday, 21 Oct 2014 | 5:22 PM ET

    Icahn Enterprises Chairman Carl Icahn, is tight lipped on whether he bought more Apple shares since his recent letter to Tim Cook. He discusses criticisms regarding his activism with the company.

  • Hearing set for Trump casino name lawsuit Tuesday, 21 Oct 2014 | 2:13 PM ET

    The Trumps are suing Trump Entertainment Resorts in state court in New Jersey, seeking to have the Trump name stripped from the Taj Mahal. The real estate mogul and his daughter claim that Trump Entertainment, with which they are no longer involved, let the now-closed Trump Plaza and the Taj Mahal deteriorate to the point where it damages their personal brand.

  • Isaacson: Rather have Cook than Icahn     Tuesday, 21 Oct 2014 | 11:01 AM ET
    Tim Cook and Carl Icahn

    Apple should be proud, says Walter Isaacson, Aspen Institute CEO and author of "The Innovators," sharing his thoughts on Apple's earnings success and the tech giant's team approach.

  • Casino resisting Donald Trump's bid to remove name Monday, 20 Oct 2014 | 2:52 PM ET

    The real estate mogul and his daughter Ivanka Trump are suing Trump Entertainment Resorts, which he once ran, in state Superior Court, demanding that the Trump name come off the Taj Mahal as well. Ivanka Trump said on Monday that she and her father "vehemently disagree" with Trump Entertainment's stance regarding use of the Trump name and the claims the company...

  • Marc Andreessen resigns from eBay board Monday, 20 Oct 2014 | 1:40 PM ET

    NEW YORK— E-commerce site eBay Inc. said Monday that venture capitalist Marc Andreessen has resigned from its board, less than a month after the company announced a spinoff of its PayPal payments business. Icahn, who pushed for a PayPal spinoff, said at the time that Andreessen was advising and investing in eBay competitors. Shares of eBay, based in San Jose,...

  • BOSTON, Oct 20- Shares in Alpha Bank surged more than 13 percent on Monday after hedge fund manager David Einhorn recommended betting on Greek banks and against French debt. Speaking at the annual Robin Hood Investors Conference in New York, Einhorn recommended going long Alpha Bank and Piraeus Bank with warrants and shorting French debt as a hedge, according to...

  • NEW YORK, Oct 20- Corporate America's cash stockpile increased to a record $1.65 trillion in mid-2014 from $1.64 trillion at the end of 2013, although the pace of growth has slowed sharply, Moody's Investors Service said on Monday. "U.S. corporate cash balances continue to grow on the back of modest economic expansion," Richard Lane, Moody's senior vice president,...

  • Marc Andreessen to quit eBay board after split Monday, 20 Oct 2014 | 9:45 AM ET
    Marc Andreessen

    Marc Andreessen announced he will be stepping down from online retailer eBay's board.

  • Oct 20- Venture capitalist Marc Andreessen said he was quitting EBay Inc's board following the online retailer's decision last month to spin off its electronic payment unit, PayPal. The Silicon Valley pioneer has been involved in a public war of words with activist investor Carl Icahn, one of eBay's largest shareholders, who convinced the company to spin off...

  • Marc Andreessen to quit eBay board Monday, 20 Oct 2014 | 7:59 AM ET

    Oct 20- EBay Inc said venture capitalist Marc Andreessen would quit its board, after the online retailer announced last month that it was spinning off its electronic payment unit, PayPal. Andreessen, who has been on the company's board for six years, said "now is the right time to step down," eBay said in a statement on Monday. Andreessen has been involved in a public war...

  • 'Fury' blasts 'Gone Girl' from top of box office Sunday, 19 Oct 2014 | 12:09 PM ET

    Sony's "Fury" captured $23.5 million in ticket sales during its opening weekend, according to studio estimates Sunday. "The fall movie season is all about making the transition from the PG-13 world of summer to the R-rated, edgier world of the fall and awards season," said Paul Dergarabedian, senior media analyst for box-office tracker Rentrak.

  • Oct 17- The bankrupt Trump Taj Mahal casino received court approval on Friday to break its labor agreement, a key condition for a rescue deal with billionaire Carl Icahn, and the union promptly announced a plan to picket the Atlantic City, New Jersey hotel. Parent company Trump Entertainment Resorts Inc has said trimming $14.6 million from its annual union...

  • A federal judge has voided the union contract for the Trump Taj Mahal in Atlantic City. CNBC's Morgan Brennan reports the details.

  • Judge voids union contract with Trump Taj Mahal Friday, 17 Oct 2014 | 3:07 PM ET
    The Trump Taj Mahal in Atlantic City, N.J.

    A federal bankruptcy court judge voided a union contract with Atlantic City's Trump Taj Mahal Casino Resort on Friday.

  • Crucial ruling due on Taj Mahal casino's future Friday, 17 Oct 2014 | 8:20 AM ET
    The Trump Taj Mahal in Atlantic City, N.J.

    A bankruptcy court judge will issue what the owners of Atlantic City's Trump Taj Mahal Casino Resort consider a life-or-death decision for the casino.

  • Judge voids Taj Mahal casino union contract Friday, 17 Oct 2014 | 2:07 AM ET

    ATLANTIC CITY, N.J.— The Trump Taj Mahal Casino Resort may survive after all, but it's likely to do so with angry employees. A federal bankruptcy judge in Delaware on Friday voided the struggling casino's contract with its union workers, giving owner Trump Entertainment Resorts a big part of its plan to keep the casino open and save its 3,000 jobs.