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Hedge Funds Carl Icahn

  • Tim Cook, CEO of Apple Inc.

    Apple and Hertz will work together on a fleet of self-driving vehicles, Bloomberg reported on Monday.

  • Frank Pallone of New Jersey, the ranking member of the Energy and Commerce Committee; Bobby Rush of Illinois; Diana DeGette of Colorado; Paul Tonko of New York; and John Sarbanes of Maryland. They called on Pruitt to respond by the end of the month with details about procedures in place at EPA to prevent Icahn from influencing policy for personal gain.

  • June 19- Energen Corp said on Monday its board had unanimously decided to stick to its business plan, less than a month after activist investor Corvex Management LP disclosed a large stake in the oil and gas producer and demanded that it explore a sale. The Birmingham, Alabama- based company, which has a large concentration of its assets in the Permian Basin, also...

  • June 19- Energen Corp said on Monday its board had unanimously decided to stick to its business plan, shrugging off hedge fund Corvex Management LP call in May for a possible sale of the oil and gas producer. The Birmingham, Alabama- based company, which has a large concentration of its assets in the Permian Basin, also raised its 2017 production forecast by 5.9...

  • As expected, the third installment in Disney and Pixar's $1 billion "Cars" franchise easily took the top spot, but its estimated $53.5 million in earnings told a more complicated tale. In 2015, Jurassic World "raked in $106.6 million in its second weekend. "Wonder Woman" was knocked down to second place with $40.8 million, bringing its domestic total to $274.6...

  • TORONTO, June 9- Activist investor Carl Icahn reduced his stake in Freeport-McMoRan Inc, the world's biggest publicly traded copper miner, to 6.33 percent as of June 6, from 7.2 percent in late November, according to a regulatory filing on Friday. Icahn held 91.6 million Freeport shares as of June 6, a filing with the U.S. Securities and Exchange Commission showed.

  • The senators- Sheldon Whitehouse, Elizabeth Warren, Debbie Stabenow, Jeff Merkley and Tammy Duckworth- addressed the letter to EPA Administrator Scott Pruitt, requesting that he hand over communications between the EPA and Icahn or representatives of CVR Energy. In February, Icahn, who is an unpaid adviser to Trump, submitted a proposal to the White House to...

  • Defense attorney Marc Kasowitz.

    Kasowitz, who also represents Bill O’Reilly, has been by Mr. Trump’s side for more than a decade in highly contentious court battles.

  • WASHINGTON, June 5- The U.S. Commodity Futures Trading Commission informed eight Democratic U.S. senators last month that it is not investigating biofuels credits after the lawmakers had urged it to probe billionaire Carl Icahn's activity in that market, according to a copy of a letter seen by Reuters on Monday. The Democratic senators, including Elizabeth...

  • An independent distributor packs bags of products at the Herbalife distribution center in Carson, California.

    Herbalife lowered its sales outlook for the current quarter early Monday.

  • The Birmingham, Alabama- based company has a large concentration of its assets in the Permian Basin. Oil industry deals this year have centered on securing acreage in the Permian Basin due to its low production costs, key at a time when oil prices have recovered to around $50 per barrel, up from around $35 per barrel in early 2016.. Corvex, a $5.5 billion hedge fund run...

  • Best Co affirmed its financial strength rating on American International Group Inc on Tuesday, lifting some uncertainty over the New York- based insurer's ability to meet its long-term debt obligations, which had unsettled some investors. In January, it announced a deal to pay $10.2 billion to Warren Buffett's Berkshire Hathaway Inc to take on many of its...

  • Carl Icahn's own charity lent him a total of $118.7 million

    Billionaire Carl Icahn reportedly received money from a charity he started, according to the Wall Street Journal.

  • Carl Icahn

    Icahn's loan from the Foundation for a Greater Opportunity hit $118.7 million.

  • Billionaire investor Carl Icahn sold out of the pharmaceutical giant entirely, while Farallon Capital Management LLC, David Tepper's Appaloosa LP and Seth Klarman's Baupost Group LLC were among those trimming their stakes by as much as 32 percent, according to regulatory filings. Paulson& Co Inc and Leon Cooperman's Omega Advisors Inc also pulled back on the...

  • NEW YORK, May 15- Billionaire investor Carl Icahn acquired a new 19.8 million share stake in business services provider Conduent Inc in the first quarter and sold out of pharmaceutical firm Allergan Plc and speech technology group Nuance Communications Inc, according to regulatory filings on Monday. The changes also reflected the takeover of Federal-Mogul...

  • NEW YORK, May 15- American International Group Inc on Monday named an insurance industry veteran as its new chief executive officer, luring him from the firm he started with a lucrative financial package that includes buying a big piece of his company. In hiring Brian Duperreault, who is 70, AIG is giving into the demands of billionaire investor Carl Icahn, AIG's...

  • In hiring Brian Duperreault, who is 70, AIG is giving into the demands of billionaire investor Carl Icahn, AIG's fourth largest shareholder, who has been pushing for big changes at the insurance giant. AIG said it will pay as much as $40 million to free Duperreault from a noncompete agreement with Hamilton Insurance Group Ltd, the firm he founded and ran, in...

  • May 15- American International Group named Brian Duperreault as its new chief executive officer on Monday, selecting a protege of former CEO Hank Greenberg and an industry veteran known for his turnaround expertise. Duperreault, age 70, is the founder and chief executive officer of Hamilton Insurance Group Ltd in Bermuda, and is seen as a short-to-medium term...

  • May 15- American International Group named Brian Duperreault as its new chief executive officer on Monday, selecting a protege of former CEO Hank Greenberg and an industry veteran known for his turnaround expertise. Duperreault, age 70, is the founder and chief executive officer of Hamilton Insurance Group Ltd in Bermuda, and is seen as a short-to-medium term...