| May 31, 2013
| 6:30 PM
Less than two years ago, Lionsgate reached a settlement with Carl Icahn that called for the billionaire investor to cash out his 33% stake for $309 million, essentially breaking even on a three-year investment.
That stake is now worth more than four...
| Apr 29, 2013
| 1:44 PM
Los Angeles nutritional products company Herbalife Ltd. reported $1.1 billion in first-quarter sales and profit that soundly beat analysts' expectations and its own guidance.
The company reported earnings of $118.8 million, or $1.10 a share, up from...
| Apr 9, 2013
| 8:53 AM
KPMG has resigned as Herbalife's auditor after the auditing firm fired a senior partner in its Los Angeles office because of an alleged insider-trading scheme.
"KPMG stated it had concluded it was not independent because of alleged insider trading in...
| Apr 10, 2013
This was the last thing Herbalife Ltd. needed.
Just as the Los Angeles company appeared to be regaining its footing from a Wall Street hedge fund manager's assault, the company's auditor resigned abruptly because of an alleged insider-trading scandal....
| Jan 13, 2012
| 9:33 PM
"Twilight" studio Summit's investors considered major expansion before selling to Lions Gate....
| Mar 25, 2012
| 9:33 PM
The blockbuster opening weekend of "The Hunger Games" — which debuted with an estimated $155 million — will ultimately lead to more than $300 million in profit for independent studio Lionsgate, analysts predicted Sunday. And with three sequels...
| Mar 26, 2012
| 8:18 AM
Yahoo Inc., in an attempt to “reshape and refocus” itself, appointed three new independent directors to its board, including a top executive from American Express Co. But the move isn’t passing muster with activist investor Daniel Loeb,...
| Mar 30, 2012
| 9:19 AM
Ray Dalio of Bridgewater Associates took home $3.9 billion last year. Fellow investment kings Carl Icahn and James Simons each made off with more than $2 billion. To the average plebeian, that’s a lot of money.
But for the top 25 hedge fund earners...
| Oct 11, 2012
| 11:15 AM
Billionaire investor Carl Icahn is making an unsolicited bid for truck maker Oshkosh Corp. that values the company at almost $3 billion. Icahn says he also plans to nominate his own slate of directors in a bid for control of the company.
| Oct 11, 2012
| 5:30 PM
Billionaire investor Carl Icahn is making an unsolicited bid for truck maker Oshkosh Corp. that values the company at almost $3 billion.
Icahn said he also plans to nominate his own slate of directors in a bid for control of the company.
| Oct 26, 2012
| 8:11 AM
Specialty truck maker Oshkosh Corp. rejected a takeover bid by billionaire activist investor Carl Icahn, calling the $32.50-a-share offer “unsolicited, inadequate, highly conditional and opportunistic.”
The Wisconsin company’s board...