Carl Icahn

Alphabet and Apple Fell Out of Favor in Q3: 13F Filings | Investopedia

Several hedge fund billionaires sold off their stakes in top stocks like Alphabet (GOOGL) and Apple (AAPL) during the third quarter, according to …

Stocks

10 Stocks Hedge Fund Billionaires Are Buying

According to third-quarter SEC filings, these were the most-bought and most-sold stocks by hedge fund managers.<p>We recently learned what stocks hedge …

Stocks

State gives initial OK for $5.6M to help Icahn raze casino

A New Jersey redevelopment agency has given preliminary approval to a $5.6 million payment to billionaire investor Carl Icahn to help pay for the …

Business

Freeport - Icahn Is Selling, Should You?

Carl Icahn has sold 15% of its Freeport McMoRan position while insiders have been buying.<p>Copper is in a strong cyclical uptrend supported by massive …

Stocks

Ensco Ownership: Significant Accumulation Continues

Ensco's top 15 institutional investors held nearly two-thirds of the company as of September 30.<p>Both bull and bears in Ensco are digging their heels …

Business

Gazit-Globe reports Q3 results

Gazit-Globe (NYSE:GZT): Q3 Economic FFO of NIS0.95<p>Property rental income of NIS718M (+2.7% Y/Y)<p>Press Release<p>Now read: <b>Tracking Carl Icahn's Portfolio</b> …

Business

Whether They’re Calling It A Fraud, Bubble Or World Changer, A Lot of Companies Are Talking About Cryptocurrency

J.P. Morgan CEO Jamie Dimon thinks bitcoin is a “fraud.” Investor Mark Cuban called it “a bubble.” Goldman Sachs CEO Lloyd Blankfein is still …

Bitcoin

3 Stocks Billionaires Own

Following in the investing wake of hedge fund legends could be a worthwhile endeavor.<p>Drafting is a technique in which you ride in the wake of another …

Stocks

Short Herbalife. Poor Guidance, Tender Completed, And Regulators Satisfied. Now It Is Time To Focus On The Numbers

Herbalife has serious strategy issues to address.<p>HLF has poor margins, low owner earnings, and not meeting its cost of capital.<p>There is a tangible …

Business

It's a New Golden Age for Corruption

A series of high-profile prosecutions have ended in failure or been overturned by courts, while high-profile leaders model bad behavior publicly.<p>Federal prosecutors didn’t have a great day on Thursday. In Newark, New Jersey, a judge declared a mistrial in the case of Senator Bob Menendez, the …

Corruption

Ackman Q3 Letter: Corker Resignation Is Bullish For Fannie

<i>By Jacob Wolinsky</i><p><i>Ackman Q3 letter to investors; first some excerpts on Fannie (OTCQB:FNMA) and Herbalife (NYSE:HLF)</i> <i>where he blames Icahn for the</i> …

Business

Icahn Capital Trims Major AIG Position

<b>Carl Icahn's Icahn Capital</b> is out with its 13F filings, reflecting its holdings at the end of the third quarter, which showed the fund pulling back a …

Stocks

Lyft expands ride-sharing battle with Uber beyond US

in New York<p>Uber’s US rival Lyft is expanding outside of its home market, taking the competition between the two companies into a new arena at a time …

Uber

Life After Herbalife

"It ain't over till it's over" and it still is not over.<p>Legally gray areas are great for political contributions.<p>Persistent failures of law …

Business

Premature liquidation: Carl Icahn dumped Apple $3.7 billion too early

From friend-of-the-blog Chuck Jones, writing for Forbes:<p>Carl Icahn was very visible when he owned Apple shares. He met with Tim Cook, Apple’s CEO, …

Markets

Are Car Rental Companies Turning A Corner Or Driving To Disaster?

Are rental car companies turning the corner or driving toward extinction? To a large extent, the answer you’ll get to this question depends on whether you ask customers or stockholders.<p>Car rentals now represent just 28% of ground transportation for business travelers, versus 65% for ride share …

Entrepreneurship

WTF is wrong with rich people?

The rich are greedy and selfish, and offshore schemes make them even richer<p>I live in Sag Harbor, New York, out on the East End of Long Island in the Hamptons. The village of Sag Harbor was founded in 1707, and the house I rent is a Saltbox built in 1703. Just down the street is the Egyptian Revival …

Entertainment

A Warning Sign For China's High Flying Tech Stocks

Things are going swimmingly for tech investors, whether they are loaded up on so-called FANG stocks in the United States, Facebook, Amazon, Netflix and Google (Alphabet), or China’s version of the the rally coming from high flyers such as Alibaba, Tencent, JD.com and Baidu. But what happens if and …

Governance

Business recap: Week of Nov. 6

Business<p><b>The deadliest mass shooting</b> in modern U.S. history — in Las Vegas — is adding to soaring costs for insurance companies, which are already facing an onslaught from hurricanes, earthquakes and wildfires. The industry may have to pay out more than $1 billion for the Las Vegas massacre, …

Dara Khosrowshahi

Herbalife: Not The Easy Short Bears Thought It Would Be

Controversial business model aside, Herbalife’s management has proven clever. Stock prices remain at elevated levels that most short sellers last …

Business

Billionaire Carl Icahn investigated over Trump advisor role

Money

Four Reasons Uber Won't Upend the Car Industry - Bloomberg Gadfly

Who's on the money? Carl or Carlos?<p>Listen to private equity tycoon Carl Icahn, and the rise of ride-hailing apps is about to overturn the auto …

Business

Tax fight begins in the Senate

<b>TAX FIGHT BEGINS IN THE SENATE</b> — House Ways and Means is expected to clear H.R. 1 (115) on Thursday as the Senate Finance Committee unveils its version of the tax cut legislation which may look quite different. POLITICO’s Seung Min Kim and Josh Dawsey scooped some of the differences here including …

Finance

The CNN Power Play — CEO Daily, Thursday, 9th November

Top News<p>• <b>The Great Firewall Is No Match for Trump</b><p>President Donald Trump said he “didn’t blame China” for the way it shaped its trade policy, but …

What you need to know on Wall Street today

<i>Reuters</i><p><b>Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox.</b><p>"Markets are in a kind of dreamland."<p>That's according to Elliott Management, which manages $34 billion and is one of …

Business

The Feds Are Looking Into Carl Icahn's White House Role

Federal investigators have issued subpoenas to Icahn Enterprises, CVR Energy, and CVR Refining requesting information into Mr. Icahn's attempt to …

Business

The Feds are investigating billionaire Carl Icahn's role advising the Trump administration

Reuters<p><b>Federal investigators are probing Carl Icahn's advisory role to President Donald Trump's White House.</b>• <b><br>His investment firm, Icahn Enterprises L.P., revealed in a financial filing that the government had subpoenaed information relating to the firm and Icahn's activities relating to federal</b> …

Wealth

Carl Icahn, the Car Guy: Why He Bets on Hertz, Lyft and Pep Boys

Carl Icahn rarely takes his Mercedes out for a spin. And he figures many people in the U.S. will eventually treat their vehicles as dismissively as …

Transportation

One year after election, Trump isn't getting any better at his job

“We need a truly great leader,” Donald Trump said during the campaign that ended with his election one year ago. “We need a leader that wrote <i>The Art of the Deal</i>.” Trump’s confidence about his deal-making prowess was overweening. “I deal with Steve Wynn. I deal with Carl Icahn,” he told the voters. …

News (U.S.)

The moment Trump transformed from a businessman to a brand

Wilbur Ross is one of the key people Donald Trump has relied upon to reach the White House. That’s because nearly three decades ago, Ross intervened to save one of Trump’s failing businesses—and in doing so helped recast the real-estate mogul into a full-fledged brand name.<p>As Trump continues his …

Donald Trump