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Hedge Funds Carl Icahn

  • Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016.

    Billionaire investor Carl Icahn stepped away from his role as special advisor to President Donald Trump on regulation.

  • Icahn: Ceasing role as Trump's special advisor

    CNBC's Kayla Tausche reports Carl Icahn announced Friday that he is stepping down from his presidential advisory role.

  • CARL ICAHN SAYS IN LETTER TO TRUMP- AGREED TO CEASE TO ACT AS SPECIAL ADVISOR TO PRESIDENT ON ISSUES RELATING TO REGULATORY REFORM.

  • Here's how Carl Icahn's bet on Donald Trump went terribly wrong

    Carl Icahn and CVR Energy made a bet that prices for biofuel credits would fall.

  • Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016.

    Carl Icahn bet that prices for biofuel credits would fall. But the bet has gone wrong despite Icahn advising the White House on the credits.

  • Aug 4- Billionaire investor William Ackman on Friday said his hedge fund had taken an 8 percent stake in Automatic Data Processing Inc and plans to ask for board seats so he can push the U.S. human resources outsourcing company to cut costs and improve its returns. Ackman's move on ADP, which has a market value of about $50 billion, comes as the leader of Pershing...

  • Aug 4- Automatic Data Processing Inc said on Friday it had rejected a call from William Ackman's activist hedge fund Pershing Square Capital Management LP for more time in his bid to gain control of the U.S. human resources outsourcing company. Ackman requested that ADP extend its Aug. 10 deadline for nominating directors by 30 to 45 days, which the company...

  • Operating earnings attributable to AIG was $1.45 billion, or $1.53 per share, in the second quarter ended June 30, compared with $1.31 billion, or $1.15 per share, a year earlier. Duperreault, a protégé of former CEO Hank Greenberg and an industry veteran known for his turnaround expertise, was named to the top job in May, replacing Peter Hancock.

  • WASHINGTON/ NEW YORK, Aug 3- The Environmental Protection Agency will reject a proposal backed by billionaire Carl Icahn and a handful of refining companies to overhaul the U.S. biofuels program, in a victory for big ethanol producers that had fought to defend the existing policy, three sources familiar matter told Reuters on Thursday. Independent refiners...

  • WASHINGTON/ NEW YORK, Aug 3- The Environmental Protection Agency will reject a proposed overhaul of the U.S. biofuels program that would have shifted blending responsibility away from refining companies further down the fuel supply chain, three sources familiar with the matter told Reuters on Thursday. Online news site Politico was first to report the EPA's...

  • WASHINGTON, Aug 3- The Environmental Protection Agency will reject a proposal to overhaul the U.S. biofuels program to shift blending responsibility away from refining companies, two sources familiar with the matter told Reuters on Thursday. Independent refiners had petitioned the EPA repeatedly during the administration of former President Barack...

  • WASHINGTON, Aug 3- The Environmental Protection Agency has decided to reject a proposal by billionaire investor Carl Icahn to overhaul the U.S. biofuels program in a way that shifts the responsibility for blending fuels away from oil refining companies, two sources familiar with the matter told Reuters on Thursday. Icahn, a special adviser to President Donald...

  • Operating earnings attributable to AIG was $1.45 billion, or $1.53 per share, in the second quarter ended June 30, compared with $1.31 billion, or $1.15 per share, a year earlier. Duperreault, a protégé of former CEO Hank Greenberg and an industry veteran known for his turnaround expertise, was named to the top job in May, replacing Peter Hancock.

  • NEW YORK, July 31- Billionaire investor Carl Icahn's multimillion-dollar bet against U.S. biofuel prices is looking increasingly risky in the wake of a Friday court ruling that will likely boost the cost of complying with the program. CVR Energy, majority owned by Icahn, said Friday that its short position in the U.S. biofuels market grew to a record $279.9...

  • Democratic senators are raising questions about President Donald Trump's special adviser, Carl Icahn, asking in a letter on Thursday if the activist investor is attempting to persuade the government to lift its "too big to fail" tag from insurer American International Group. Treasury Secretary Steve Mnuchin, Senators Elizabeth Warren and Sheldon...

  • NEW YORK, July 27- CVR Refining racked up its highest-ever bill to meet U.S. biofuel standards during the second quarter, putting it on track to pay a record amount in 2017, the company said in an earnings call on Thursday. The refiner, which is majority-held by billionaire investor Carl Icahn, said it paid $106 million to meet the U.S. biofuel regulations in the...

  • NEW YORK, July 27- Famed Las Vegas sports gambler William "Billy" Walters was sentenced on Thursday to five years in prison, following his April conviction in one of the highest profile U.S. insider trading trials in years. District Judge Kevin Castel in Manhattan pronounced the sentence. The case has drawn more attention because of Walters' dealings with...

  • Dan Schulman

    PayPal shares gained in after-hours trade after the company posted better-than-expected earnings and guidance.

  • SHANGHAI/ HONG KONG, July 21- Retired chauffeur Yao Huiliang used to spend his days trading small-cap Chinese stocks, trying to make quick money on sharp moves- casino-type behavior often seen in China's stock markets. His move is in tune with what regulators in Beijing want to achieve: deflating some of China's asset bubbles and building the global credibility...

  • WASHINGTON, July 11- The U.S. Environmental Protection Agency is in the early stages of launching a debate about climate change that could air on television challenging scientists to prove the widespread view that global warming is a serious threat, the head of the agency said. The move comes as the administration of President Donald Trump seeks to roll back a...