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Stock Market & Financial Investment News

News Breaks
February 11, 2013
09:18 EDTIEPIcahn Enterprises raises annual distribution to $4.00 per depositary unit
Icahn Enterprises announced that the board of its general partner has approved a modification to the company's distribution policy to provide for an increase in the annual distribution from $1.40, comprised of 40c in cash and $1.00 in depositary units, to $4.00 per depositary unit, payable in either cash or additional depositary units, at the election of each depositary unit holder. The board of the general partner has declared a quarterly distribution for Q1 in the amount of $1.00, which will be paid on or about April 15 to depositary unit holders of record at the close of business on February 21. Depositary unit holders will have until March 14 to make an election to receive either cash or additional depositary units; if a holder does not make an election, it will automatically be deemed to have elected to receive the dividend in cash.
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May 15, 2015
10:03 EDTIEPLyft raises added $150M, led by $100M from Icahn Enterprises
Lyft, a ridesharing start-up, announced that it has raised an additional $150M, led by an investment of $100M from Icahn Enterprises, the diversified holding company controlled by Carl Icahn. As part of the investment, one of Icahn's managing directors, Jonathan Christodoro, will join Lyft's board. Icahn said: "We are very happy to be investing in Lyft. I believe that ridesharing is poised to become a fundamental component of our transportation infrastructure. The Company's revenue growth to date has been extremely compelling, and increasing urbanization over the next 5 to 10 years should enable the Company to maintain that trajectory."

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