Taiwanese President Tsai Ing-wen is expected to stop over in the U.S. on Friday on her way back from visiting diplomatic allies in the Caribbean, a move that's sure to make...China Politicsread more
Libra and bitcoin are different in a lot of ways, from the technology behind them to the way they're used.Technologyread more
Stocks in Asia Pacific advanced in Friday afternoon trade, as comments from a U.S. Federal Reserve official led to rising expectations the central bank could ease monetary...Asia Marketsread more
Boeing will take a nearly $5 billion charge in the second quarter to compensate 737 Max customers as the planes remain grounded.Airlinesread more
Earlier, Williams delivered a speech at the annual meeting of the Central Bank Research Association in which he said, "It's better to take preventative measures than to wait...The Fedread more
The base version of the sports car will punch out 495 horsepower, 40 more than the seventh-generation car and enough to launch it from 0 to 60 in "less than three seconds"...Autosread more
Animation fans and Kyoto residents gathered at the site of Japan's worst mass killing in 18 years on Friday, offering flowers and prayers for the 33 people who died in an...Asia Newsread more
Trump said the USS Boxer destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread more
Microsoft beat on top and bottom lines, and guidance was just ahead of expectations, but the company's Azure growth is slowing down.Technologyread more
"We've seen Netflix stumble before, especially maybe after a price hike, but not quite like this," Jim Cramer says.Mad Money with Jim Cramerread more
They also voted to absolve themselves, their party and the voters who elected them – like the ones Trump inspired to chant "send her back" at a rally Wednesday in North...Politicsread more
In fact, he said it's his long-time rival, Bill Ackman, who has the far more tenuous position.
"If anyone should feel boxed in, it's Ackman," Icahn said in an exclusive interview with CNBC.com. "Ackman is an astute student of the market, as I am, and I think he would probably agree that there is very rarely, if ever, a company with the short interest, as it was just announced of 27.2 million shares of the 92 million shares outstanding. Of the 92 million, there are 20 percent to 25 percent that are closely held."
"The only time you see the ratio very close to that is in companies that are on the verge of bankruptcy," he added. "Obviously, Herbalife is not anywhere near that position, and is in fact growing dramatically in countries such as China."
The statement comes days after Icahn upped his stake in Herbalife by 2.3 million shares, bringing his total holdings to 19.3 million shares with a market value of some $1.7 billion. Shares rose immediately after the Friday revelation, but have tailed since, down about 4 percent this week.
Icahn remains committed to his position. It's part of a broader story that features a long-simmering feud between him and Ackman, the head of Pershing Square Management, which had taken a $1 billion short position against Herbalife
The two famously squared off in a shout-down on CNBC back in January 2013, then seemed to reconcile at the 2014 Delivering Alpha conference, an event presented annually by CNBC and Institutional Investor.
Icahn's increased stake also occurred after Ackman had speculated on whether Icahn was preparing to sell.
The statements from Icahn to CNBC.com Tuesday indicate the battle may be back on.
"I don't believe any professional short-sellers would ever take a position in a company with these numbers," Icahn said. "As the old saying goes, fools will go where angels fear to tread."
A representative for Pershing Square declined to comment. Herbalife officials did not immediately respond to a request for comment.
Icahn earlier this summer was granted the right to purchase up to 35 percent of Herbalife's shares. However, The Wall Street Journal reported last week that Jefferies had been shopping for buyers of what had been an 18 percent stake that Icahn was holding.
Analysts are watching the drama closely for what happens next.
"It's hard to say exactly what Carl Icahn's endgame is here," said Peter Cohn, an analyst at Height Analytics who covers Herbalife. "For now, we have to take it at face value that he is sticking around, and I think that is positive for the company."