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Carl Icahn

A collection of news and information related to Carl Icahn published by this site and its partners.

Top Carl Icahn Articles

Displaying items 78-88
  • Glitch shuts down trades on Nasdaq for 3 hours

    NEW YORK — The Nasdaq Stock Market suffered a distressing three-hour outage that halted trading in some of the nation's leading companies, the latest in a series of embarrassing glitches that have exposed technological weaknesses across Wall Street....
  • Apple's stock tumbles after company fails to deliver cheaper iPhone

    SAN FRANCISCO — Investors punished Apple's stock Wednesday, driving it down more than 5% after the technology giant disappointed Wall Street by failing to announce a cheaper iPhone and a deal with China's largest wireless carrier. Both bits of...
  • MGM authorizes $75-million stock repurchase program

    MGM authorizes $75-million stock repurchase program
    MGM Holdings Inc., the parent of Metro-Goldwyn-Mayer Inc., has authorized a $75-million stock repurchase plan and announced a dividend designed to protect the company from a hostile takeover. Privately held MGM said the move was not being adopted in...
  • Story of '80s corporate takeover feels fresh in 'Money'

    Story of '80s corporate takeover feels fresh in 'Money'
    It's difficult to watch director Dennis Zacek's staging of "Other People's Money" for Shattered Globe Theatre without thinking about the director's own well-publicized disputes with the board of Victory Gardens Theater, where he served as artistic...
  • Herbalife says KPMG 'concluded it was not independent' as auditor

    Herbalife says KPMG 'concluded it was not independent' as auditor
    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...
  • Herbalife is rocked by new crisis

    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....
  • Invest like a billionaire: New index tracks stocks the wealthy own

    A new stock index was launched Wednesday to help investors keep track of the investing strategies of some of the smartest minds on Wall Street. The iBillionaire index lists 30 large-cap stocks owned by billionaire investors, including Warren Buffett,...
  • MGM posts third-quarter net income of $16.6 million

    MGM posts third-quarter net income of $16.6 million
    MGM Holdings Inc., the parent of Metro-Goldwyn-Mayer Inc., on Thursday reported third-quarter net income of $16.6 million, buoyed by the strong performance of "Skyfall" and “The Hobbit:  An Unexpected Journey" on home entertainment platforms.  The...
  • Carl Icahn wants Apple shareholder vote on larger stock buyback

    Shareholder activist Carl Icahn said Wednesday he had informed Apple that he has submitted a proposal to let shareholders vote on a larger stock buyback. In a tweet Wednesday, Icahn wrote: "Gave $AAPL notice we’ll be making a precatory proposal to...
  • Herbalife posts better-than-expected earnings, again

    Herbalife posts better-than-expected earnings, again
    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...
  • Activist investor Carl Icahn sells Netflix shares

    Activist investor Carl Icahn said he sold nearly 3 million shares in Netflix, noting he reaped a substantial windfall from his investment in the online video service. Icahn said he decided it was time to cash out, after the rapid appreciation of the...