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Stock Market & Financial Investment News

News Breaks
June 2, 2014
06:29 EDTIEPLawyers say U.S. up against obstacles bringing case against Icahn, Reuters says
Legal expects are saying that questions about how to apply securities law to activist investors might complicate any possible insider trading case against activist investor Carl Icahn, pro-golfer Phil Mickelson and Las Vegas gambler William Walters, reported Reuters. Reference Link
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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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