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Commercial lender CIT Group Inc. said Friday that billionaire investor and bondholder Carl Icahn agreed to support the company's restructuring plan amid reports CIT may soon file for bankruptcy protection.
Activist investor Carl Icahn has decided his work is done at Yahoo Inc. after muscling his way on to the slumping Internet company's board nearly 15 months ago.
In another sign that CIT Group Inc. is struggling to restructure its debt, billionaire investor Carl Icahn offered the lender a $6 billion lifeline.
Financier Carl Icahn, one of Yahoo Inc.'s largest stockholders, has sold 12.7 million shares to whittle his holdings in the slumping Internet company down a percentage point to a 4.5 percent stake.
New Jersey regulators approved a plan Wednesday for the former corporate parent of Atlantic City's bankrupt Tropicana Casino and Resort to operate the business again as a reorganized company owned by a group of investors led by billionaire Carl Icahn.
Billionaire investor Carl Icahn is back in the Atlantic City casino business for what amounts to at least 80 percent off.
Billionaire investor Carl Icahn has found a new corporate home for a railroad car manufacturer he controls — in North Dakota.
Biogen Idec says a candidate nominated by activist shareholder Carl Icahn won a seat on the drug maker's board of directors as part of a contentious proxy fight, but the votes are still too close to call on a second seat.
Activist investor Carl Icahn claimed two victories in his fight to place dissident shareholders on Biogen Idec Inc.'s board Wednesday, but the biotechnology company has not yet finished tallying votes.
A group including billionaire investor Carl Icahn appeared to have won the right to buy the Tropicana Casino and Resort at the bargain price of $200 million after no additional bids were submitted by the Friday deadline.
Amylin Pharmaceuticals Inc. said Monday activist investor Carl Icahn plans to push for a sale of the company to drugmaker Eli Lilly if he can take control of Amylin's board of directors, but Icahn disputed that contention.
A group led by billionaire investor Carl Icahn is offering $200 million to buy the Tropicana Casino and Resort in Atlantic City.
Billionaire investor Carl Icahn said his offer to buy up $325 million in debt issued by Lions Gate Entertainment Corp. will open Friday.
Billionaire investor Carl Icahn on Tuesday has priced his offer to buy up to $325 million in debt owed by Lions Gate Entertainment Corp., a move that could increase his influence over the boutique movie studio.
A group including billionaire financier Carl Icahn says it plans to bid for Atlantic City's Tropicana Casino and Resort in a bankruptcy court auction.
Billionaire activist investor Carl Icahn bought up another 200,000 shares in boutique movie studio Lions Gate Entertainment Corp. on Wednesday, boosting his stake to 14.5 percent, a filing showed.
Billionaire financier Carl Icahn may be rolling the dice again on an Atlantic City casino.
Activist investor Carl Icahn made another power play for Biogen Idec Inc. Friday as the company said its fourth-quarter profit edged up 3 percent and 2009 results could top expectations.
If activist investor Carl Icahn is going to profit from his $1.8 billion bet on Yahoo Inc., the billionaire needs the struggling Internet company's stock to more than double in value.
In a move likely to fuel speculation over Yahoo Inc.'s search for a new chief executive, activist investor Carl Icahn has bought up close to 7 million additional shares of the Internet company, according to regulatory filings.
Here's something that might provide a bit of solace amid the plunging values in your retirement accounts: Warren Buffett is losing lots of money, too. So are Kirk Kerkorian, Carl Icahn and Sumner Redstone.
Yahoo Inc. said Thursday it will add the former chief executives of Viacom and Nextel Partners to its board of directors as part of the company's deal to ward off a proxy fight with billionaire investor Carl Icahn.
Yahoo Inc. shelled out $36 million in the first half of 2008 to the outside advisers that helped the company navigate stormy buyout talks with Microsoft Corp. and the ensuing proxy threat from activist investor Carl Icahn.
Carl Icahn's WCI Communities became the latest casualty of the housing market crisis Monday, filing for Chapter 11 bankruptcy protection after the home builder failed to get additional financing in the face of massive losses.
Corporate raider moves on YahooCorporate raider Carl Icahn increased his stake in Yahoo! after co-founder Jerry Yang decided to step down as head of the internet firm.
Jerry Yang on Icahn AnnouncementToday, Yahoo! moves past a distracting proxy contest.
Yahoo Uses Home Page to Lobby Against IcahnYahoo has added a button on its main Web site linking to a page that lobbies shareholders to vote against Carl Icahn's plans for the company, stepping up its rhetoric in the days leading up to its annual meeting.
Microsoft's Airball Strategy-$32B+ Loss Increasing"airball: The corporate version of a cat hairball.
Yahoo responds to Carl Icahn's latest open letterYahoo! Inc. (Nasdaq:YHOO), a leading global Internet company, today issued the following statement in response to Carl Icahn's latest open letter to Yahoo! stockholders:
Microsoft will offer to by Yahoo again if board is removedDespite working since January 31 of this year, as well as in the early part of last year, we have never been able to reach an agreement in a timely way on acceptable terms with the current management and Board of Directors at Yahoo!.
A New Meaning Of Independence DayThis 4th of July 2008 may be the last time many of us Americans may ever feel happy about the 4th of July Independence Day meaning ...
Oh Jerry, It's No Longer Your BabyCongratulations — you pulled it off. You got Microsoft to walk away from your beloved Yahoo for good. The final word went out on Thursday. There isn't going to be any megamerger. No smaller deal to sell your search business, or take a minority stake, either.
Now Microsoft Wants To Partner with Yahoo on SearchesA boardroom showdown between Yahoo directors and billionaire investor Carl Icahn may turn out to be irrelevant if Microsoft's latest move succeeds. That could see Microsoft and Yahoo join forces against Google.
Meet the man Carl Icahn praised for fixing Yahoo: Terry SemelHow good is corporate raider Carl Icahn's grip on what's wrong with Yahoo? Two years ago, when Icahn complained to the Financial Times about inept executives at Time Warner, he asked why couldn't they be more like then-Yahoo CEO Terry Semel?
Yahoo rebuffs plan to oust boardYahoo has rebuffed billionaire investor Carl Icahn's plan to oust the current board of the net portal. Mr Icahn is amassing a stake in Yahoo in an attempt to force out the current board over its handling of a failed merger deal with Microsoft.
Icahn Plans Challenge To Yahoo LeadershipBillionaire investor Carl C. Icahn has amassed a significant stake in Yahoo, one of the world's largest Web companies, and is planning to nominate a dissident slate of directors to the company, a source familiar with the matter said yesterday evening.
Carl Icahn purchases 50 million Yahoo shares, contemplates launching proxy contestYahoo might merge with Microsoft whether the CEOs of either company like it or not.
Carl Icahn eyes YahooCorporate raider Carl Icahn has taken aim at a new target: Yahoo.
Activist investors find hot commodity in CSXJacksonville-based railroad CSX Corp. is attracting more attention from activist investors, with filings with the Security and Exchange Commission revealing that billionaire Carl Icahn purchased 2.6 million of the company's shares.
Icahn Appears to Fall Short at Motorola Carl Icahn's attempts to shakeup the board at Motorola by gaining a board seat and start moving the company in a different direction have failed.
Motorola News | Motorola vs. Icahn battle heats up | Crain'sBillionaire financier Carl Icahn made another plea to Motorola Inc. shareholders on Tuesday as part of his down-to-the-wire campaign to win a seat on the company's board.
The Razr story: Now what?This article supports Carl Icahn's view concerning Motorola's woes.
AstraZeneca to Buy MedImmune for $15.6BPharmaceutical companies are turning to vaccines to grow because the market has few producers and a reduced risk of generic competition. Interest was spurred by the emergence of the deadly strain of bird flu in Asia with no vaccine to protect against it.
Some funds quietly urge change - baltimoresun.comHigh-profile investors such as Carl C. Icahn have helped define the image of activist shareholders by storming into companies and pushing for change.
Stockpickr: Investing the Carl Icahn WayCarl Icahn has been on a tear lately. The corporate raider-turned-activist investor has basically run roughshod over corporate America in the past two years, taking no prisoners.
BusinessWeek Debate Room Motorola: Cut Icahn's InterferenceBusinessWeek presents different sides of the debate surrounding Icahn's activism surrounding Motorola. CEO Edward Zander should resist activist investor Carl Icahn's pressure to spend the electronics giant's cash on a stock buyback. Pro or con?
Shareholder ratchets up pressure on MedImmune to sellIn its latest bid for MedImmune to put itself up for sale, a New York shareholder pointed to the company's recent stock jumps as more reason to be acquired.
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