SF Gate:
Billionaire investor Carl Icahn has offered a higher sum than Penn National Gaming Inc. to open bidding at a bankruptcy auction for the unfinished Fontainebleau Las Vegas casino-resort on the Las Vegas Strip. A clerk in Miami (Read More)
SF Gate:
Billionaire Carl Icahn's investing vehicle Icahn Enterprises LP on Thursday said its third-quarter profit nearly quintupled as revenue shot higher and expenses declined. The company reported profit for the three months ended (Read More)
Wall Street Journal:
CIT and Carl Icahn reached a tentative deal that could end a feud over the lender's restructuring plan. The company plans to file for bankruptcy as soon as Sunday. (Read More)
Wall Street Journal:
SAN FRANCISCO (MarketWatch) -- High-profile investor Carl Icahn said Friday that he will be voting in favor of CIT Group's pre-packaged reorganization effort following revisions in the proposed plan. Icahn has also agreed to (Read More)
SF Gate:
(10-30) 10:32 PDT NEW YORK, (AP) -- CIT Group says billionaire investor and bondholder Carl Icahn has agreed to support its restructuring plan and will provide the company with a $1 billion line of credit. The agreement was r (Read More)
Wall Street Journal:
SAN FRANCISCO (MarketWatch) -- CIT Group said Friday that it got a new $1 billion line of credit from activist investor Carl Icahn. Shares of the troubled lender were halted after falling 13% to 83 cents in afternoon trading (Read More)
Wall Street Journal:
CIT said it reached a deal with Goldman to amend a $3 billion loan, ending weeks of strained negotiations over payment. (Read More)
SF Gate:
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. Icahn also agreed (Read More)
WSJ.com: What's News US:
Carl Icahn's plan to push CIT Group into a "free-fall bankruptcy" makes no sense, said the chief executive of Houlihan Lokey, an adviser to the bondholder steering committee.
. (Read More)
Wall Street Journal:
Icahn announced a tender offer for CIT Group's smaller bondholders, which he said have been "disadvantaged by the restructuring process and completely ignored" by the ailing commercial lender. (Read More)
Silicon Alley Insider:
On Friday, Carl Icahn announced that he was stepping down from the Yahoo (YHOO) board 1.5-years after he first invested in the company in hopes of selling to Microsoft or somehow shaking it up. While he successfully won repre (Read More)
Wall Street Journal:
Carl Icahn says late Friday he is resigning from the board of directors at Yahoo Inc. because he is no longer needed at the Internet company.
. (Read More)
Wall Street Journal:
Billionaire investor Carl Icahn would emerge as the largest shareholder in a reorganized CIT Group if the lender's proposed restructuring plan goes through. (Read More)
Times Online:
Carl Icahn, the billionaire activist investor who launched a boardroom coup against Yahoo! last year, has resigned from the internet group’s board. (Read More)
CNET News.com:
Carl Icahn, who launched a shareholder insurrection at Yahoo last year over its handling of a takeover offer from Microsoft, is leaving Yahoo's board of directors.MarketWatch reported Friday that Icahn has informed the compan (Read More)
Wall Street Journal:
Billionaire investor Carl Icahn would emerge as the largest shareholder in a reorganized CIT Group if the lender's proposed restructuring plan goes through. (Read More)
Wall Street Journal:
Carl Icahn, who agitated for Yahoo to sell itself to Microsoft, is resigning as a Yahoo director, saying he didn't see a need to have an activist on the board. (Read More)