![]()
- AIG, Symbol of Crisis, Watches Its Stock Zoom Back
- Disney Profit, Sales Top Street Forecasts; Shares Jump
- Despite Rhetoric, Obama Has Few Options to Boost Jobs
- Cities With the Most Home Price Reductions
- US Debating What to Do With Billions of TARP Money Left
- Alleged Florida Ponzi Scheme Could Top $1 Billion
- Forecast From Retailers: Proceed With Caution
- Nordstrom Earnings Miss Forecasts; Shares Take Hit
- Housing Recovery 'In Uncharted Territory': HUD Chief
- Intel's Andy Bryant Offers An Explanation
- US 'Actively Working' on Weaker Dollar: Fund Manager
- Options Boil on Biotech Buyout Rumors
- Warren Buffett's $100,000 Offer and $500,000 Advice for Columbia Business School Students
- Activision Blizzard's "Modern Warfare 2" Sales Break Records
- 5-Star Manager's 5 Stocks for Changing Markets
- What's The Forecast from Retailers? Proceed With Caution
- Disney's CFO-Theme Park Chairman Executive Swap
- Road Rage Rants
MOST SHARED
- A Public Hearing That Isn't Public
- Warren Buffett and Bill Gates Share Their 'Optimism' With Eager Columbia Business Students
- Meet The Leaders of the New Retail Revolution
- Cities With the Most Home Price Reductions
- Disney Profit, Sales Top Street Forecasts; Shares Jump
- Despite Rhetoric, Obama Has Limited Options To Boost Jobs
- Housing Recovery 'Still In Uncharted Territory': HUD Secretary
- Disney CFO and Parks Chief to Swap Roles
- For Video Game Makers, Stakes Are High for The Holidays
![]() |
Shiho Fukada / AP Carl Icahn |
Meanwhile, billionaire investor George Soros raised his
stake in Wall Street firm Lehman Brothers [LEH
Loading...
()
] and Bill Gates' charitable foundation revealed holdings in Crocs and Dick's Sporting Goods, among others. (See more below.)
Icahn's Icahn Capital also disclosed he cut his stake in the Class A common stock of Time Warner Cable [TWX
Loading...
()
] to 1.8 million shares from 4.7 million shares as of March 31. (Video: Matt Nesto on Icahn's holdings)
He said in his quarterly disclosure filing with the U.S. Securities and Exchange Commission that his portfolio increased in value to $4.85 billion from $4.64 billion.
Icahn also reported that he had dissolved his small stake in Perry Ellis International [PERY
Loading...
()
] since the prior quarter and had taken up an 86,430-share stake in biopharmaceutical company Emisphere Technologies [EMIS
Loading...
()
].
Also, his stake in Amylin Pharmaceuticals [AMLN
Loading...
()
] increased to 6.8 million shares from 6.3 million shares.
Icahn settled his proxy battle with Yahoo just days before its Aug. 1 shareholder meeting, at which the activist investor had originally sought to replace the entire board with his nominees and oust Chief Executive Jerry Yang.
As part of the deal, Yahoo agreed to appoint Icahn to its nine-member board and add two new directors from Icahn's list of nominees.
Icahn has repeatedly placed pressure on mobile phone maker Motorola to turn around the business.
Soros Ups Lehman Stake to 9.5 million Shares
Soros hiked his stake in Lehman to 9.5 million shares as of June 30 from 10,000 shares, according to a U.S. regulatory filing on Thursday. Soros disclosed the quarter-over-quarter increase in a filing with the Securities and Exchange Commission.
Soros raised his stake in Lehman ahead of a turbulent month for the investment bank, whose shares plunged in mid-July amid a broader selloff in financials sparked by concern about government-backed mortgage companies Fannie Mae and Freddie Mac.
Lehman shares rose 63 cents, or 4.1 percent, to close at $16.20 before the news. They are down 18 percent since the end of June and off 75 percent so far this year.
A Lehman Brothers spokesman declined to comment. Officials at Soros' fund could not immediately be reached. Based on Lehman's share count in its most recent quarterly filing, the 9.5 million shares would be equivalent to a 1.4 percent stake.
Gates Holds Crocs, Dick's Sporting Goods
The Bill and Melinda Gates Foundation Trust disclosed holding shares of Bank of Florida [BOFL
Loading...
()
]
] and Dick's Sporting Goods [DKS
Loading...
()
] as of June 30, according to a U.S. regulatory filing on Thursday. (Video: Matt Nesto on the Gates Foundation holdings)
In a filing with the SEC, the trust disclosed holding 217,400 Bank of Florida shares, 1 million Crocs shares and 1.05 million Dick's Sporting shares.
It also raised its stake in Eastman Kodak [EK
Loading...
()
]
- Warren Buffett and Bill Gates spoke to Columbia students, and Buffett made the students a startling offer.
- They may have wrecked their companies or saved our economy. Tell us what you think.
- Big pharma embraces social media, but how much should a tightly regulated sector say on Facebook or Twitter?
- A European dating site finds lovelorn singles from one country to be consistently uglier. Which is it?
- Contributor David Pogue looks at two of the latest efforts to perfect the digital pocket camera.
- PepsiCo is ramping up its onsite health facilities for workers.













