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‘Shareholder activist’ investor gets seat on public utility board despite reservations about mixing profit and public services.
Warren Buffett is considering whether to join a bid to acquire Yahoo, he told CNBC on May 16, while Berkshire Hathaway buys 9.8 million Apple shares.
Apple seems to be on a downward spiral as Carl Icahn, one of the company’s biggest supporters, sold his entire stake, he said on April 28.
The name on the side of the building still says “Trump,” but Atlantic City’s Taj Mahal casino is now owned by a different billionaire—Carl Icahn.
Pep Boys will be acquired by Carl Icahn for $1 billion, ending a weeks-long bidding war with the Japanese tire company Bridgestone.
Billionaire New York investor Carl Icahn said Wednesday he is creating a $150 million super PAC focused on revising corporate tax law.
Apple released earnings on April 23 that blew away analysts’ estimates, but many hedge funds already had Apple stock in their cross hairs.
Jerry Yang’s agreement to step down from his post as CEO of Yahoo Inc. seems to have brought relief to investors.
Yahoo overreported the percentage of shareholders who had voted in favor of the current board, services firm Broadridge Financial Solutions said on Tuesday.
Corporate giants continue to battle it out as Yahoo! Inc. confirms that it has rejected a joint proposal from Microsoft Corp. and activist investor Carl Icahn. The proposal, which granted Yahoo 24 hours to accept or decline—and left no room for negotiation—was given to Yahoo on July 11.
