Hedge Funds Carl Icahn

  • BOSTON, Sept 12- Billionaire investor Carl Icahn, a born New Yorker who has run his business from the city for decades, is moving his office, more than half of his staff and himself to Florida early next year, people familiar with the plan said on Thursday. The 83- year-old investor, known for picking winners and facing off with captains of industry, has grown weary of...

  • NEW YORK, Sept 11- White House officials on Wednesday urged U.S. biofuel producers and oil refiners to accept a deal to lift biofuel blending mandates in 2020, saying overlong negotiations could make it hard to enact the change in time for next year, sources familiar with the discussions said. The White House is trying to soothe farmers infuriated by the Trump...

  • NEW YORK, Sept 11- White House officials on Wednesday urged U.S. biofuel producers to accept the administration's offer to raise biofuel blending mandates next year by 5% even if it falls short of their demands, and said a deal must be reached by Friday, three sources familiar with the matter said. The message was delivered by members of the White House's National...

  • Aug 29- Dell Technologies Inc beat Wall Street profit estimates on Thursday boosted by a higher demand for its cloud services and personal computers, sending its shares up 6% in extended trading. Sales surged to $11.75 billion from $11.13 billion. Dell posted net income of $4.51 billion in the second quarter ended Aug. 2, compared with loss of $461 million a year...

  • DENVER, Aug 12- Occidental Petroleum Corp expects to quickly reduce the $40 billion in debt it took on with its purchase of Anadarko Petroleum, the company's finance chief said on Monday. Cedric Burgher, in his first public remarks since the $38 billion acquisition closed last week, told an EnerCom energy conference audience, the resulting debt burden was "not too...

  • Aug 1- Activist investor Carl Icahn revealed a 12.6% stake in data analytics company Cloudera Inc on Thursday, and said he could seek seats on the company's board. Icahn said Cloudera's shares were undervalued and he will look to hold talks with the company's management to increase shareholder value. Cloudera's shares rose 12.6% in extended trading.

  • HOUSTON, Aug 1- Occidental Petroleum Corp plans to quickly complete its $38 billion purchase of Anadarko Petroleum after the latter's Aug. 8 shareholder vote, the company said on Thursday. She has pledged to raise between $10 billion and $15 billion by the end of 2021 from asset sales to help pay for the deal. It has struck an agreement with Total to acquire...

  • HOUSTON, July 31- Occidental Petroleum Corp, which is battling activist investor Carl Icahn over its $38 billion purchase of Anadarko Petroleum, reported a 14% drop in quarterly profit on Wednesday, as costs related to the deal and weaker chemical earnings hit its bottom line. Core income fell to $729 million, or 97 cents per share, in the second quarter, from $848...

  • July 31- Occidental Petroleum Corp, which is battling activist investor Carl Icahn over its $38 billion purchase of Anadarko Petroleum, reported a 14% fall in core profit on Wednesday, as higher crude prices and volumes were offset by adjustments to derivatives contracts and lower natural gas prices. Core income fell to $729 million, or 97 cents per share, in the...

  • The EPA and the U.S. Department of Agriculture are preparing to hold a cabinet-level meeting on the issue as soon as this week, two of the same sources said. But small facilities can secure exemptions from the program if they can prove to the EPA that complying would cause them financial hardship. Since Trump took office, the EPA has more than quadrupled the number...

  • It reported a net loss on a $1 billion breakup fee paid to Chevron Corp. Anadarko accepted a $38 billion offer from Occidental after having initially agreed to a deal with Chevron. It received an average $66.03 per barrel for its oil compared with $68.43 a year earlier. Anadarko's net loss was $1.03 billion, or $2.09 per share, in the latest quarter ended June 30,...

  • Anadarko had agreed to be bought out by Occidental Petroleum for $38 billion after the latter outbid Chevron Corp's offer for the company's vast shale holding in the prolific Permian Basin. Anadarko's net loss was $1.03 billion, or $2.09 per share, in the latest quarter ended June 30, including the termination fee and merger-related costs.

  • Icahn, who owns 4.4% stake in the Houston- based oil and gas producer, launched a proxy fight last week, arguing that the company overpaid for Anadarko Petroleum and failed to give shareholders a say in the proposed $38 billion deal. "None" of Icahn's nominees "possess skills, experience or expertise that are additive or superior to our existing directors," wrote...

  • HOUSTON, July 18- Activist investor Carl Icahn formally launched on Thursday a proxy fight against Occidental Petroleum to win control of four board seats, a regulatory filing showed, after talks with the oil company's CEO failed to reach an agreement. Icahn has blasted the Houston- based oil and gas producer for failing to give owners a say on its proposed $38...

  • HOUSTON, July 18- Activist investor Carl Icahn on Thursday formally launched a proxy fight against Occidental Petroleum to win control of four board seats, according to a regulatory filing, after talks with the oil company's chief executive failed to reach an agreement. Icahn has blasted the Houston- based oil and gas producer for failing to give owners a say on...

  • *Stake adds to Elliott's portfolio in Europe. July 17- Activist investor Elliott has disclosed a stake in Britain's Saga Plc, less than a month after the specialist tourism and insurance firm warned that discounting was taking a heavy toll on its tours business. Elliott Capital Advisors disclosed a 5.14% stake in Saga as of July 12, a filing showed on Wednesday.

  • *Elliott committed $3.4 bln, Carl Icahn spent $2.8 bln. *Activists see chance to shake up corporate Germany. Elliott, Paul Singer's $35 billion hedge fund, committed $3.4 billion in new capital in the first six months of 2019, data on the sector compiled by Lazard show, outpacing Carl Icahn who spent $2.8 billion.

  • Carl Icahn ratcheted up his fight with Occidental Petroleum over its pending purchase of rival Anadarko Petroleum by calling for a special shareholder meeting where he hopes to win board seats.

  • June 26- Billionaire investor Carl Icahn on Wednesday ratcheted up his fight with Occidental Petroleum over its pending purchase of rival Anadarko Petroleum by calling for a special shareholder meeting where he hopes to win board seats. The deal has been approved by the U.S. Federal Trade Commission and is expected to close in the second half of the year.

  • June 24- U.S. casino operator Eldorado Resorts Inc has agreed to buy rival Caesars Entertainment Corp for about $8.5 billion in cash and stock, as it looks to build scale to take on larger companies such as Las Vegas Sands and Wynn Resorts. Eldorado has made a series of acquisitions over the past few years including a $1.85 billion deal for Icahn-backed Tropicana...