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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."
*Bed, Bath& Beyond slumps after earnings. *eBay falls after ending proxy fight with Icahn. Google Inc, which was down 2.8 percent at $548.62, and Biogen Idec Inc, down 2.9 percent at $292, were among the biggest drags on the S&P 500..
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.
eBay fell $1.41 or 2.5 percent, to $54.49. Groupon Inc. fell$. 01 or. 2 percent, to $7.41. LinkedIn Corp. fell $2.84 or 1.6 percent, to $173.34.
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.
NEW YORK— The high-flyers are laying the stock market low— once again. Investors turned against biotech, Internet and other once-soaring stocks on Thursday, driving the Nasdaq composite index to its worst day since 2011..
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.
NEW YORK, April 10- EBay Inc and Carl Icahn have ended their proxy fight, with the activist investor dropping his proposal that the e-commerce company split off its PayPal payments unit and withdrawing his two nominees for the eBay board.
Companies in the news before the bell:
Activist investor Carl Icahn and eBay have reached an agreement to end their proxy battle, reports CNBC's Andrew Ross Sorkin.
NEW YORK, April 9- Jamie Dimon, CEO of JPMorgan Chase& Co, said that settling the big bank's wide-ranging legal cases with multiple government agencies last year was "the most painful, difficult and nerve-wracking experience that I have ever dealt with professionally."
eBay rose $1.09 or 2.0 percent, to $55.89. Groupon Inc. rose$. 05 or. 7 percent, to $7.42. LinkedIn Corp. rose $7.08 or 4.2 percent, to $176.18.
eBay rose$. 52 or. 9 percent, to $55.32. Groupon Inc. fell$. 03 or. 4 percent, to $7.34. LinkedIn Corp. rose $4.95 or 2.9 percent, to $174.05.