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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
News For IEP From The Last 14 Days
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April 29, 2015
19:50 EDTIEPAmerican Railcar enters service agreement with Icahn's ACF Industries
In a regulatory filing, American Railcar (ARII) reports that on April 27, the company entered into a repair services and support agreement with ACF Industries, a company controlled by Carl Icahn, ARI's principal beneficial stockholder through Icahn Enterprises (IEP). ARI will provide sales, administrative, and technical services; materials and purchasing support; and engineering services to ACF to provide repair and retrofit services. Additionally, ARI will provide a non-exclusive license of certain intellectual property related to the railcar services. ARI will receive 30% of the net profits of the services related to all railcars not owned by ARL or its subsidiaries and 20% of the net profits related to those railcars that are owned by ARL, but will not absorb any losses incurred by ACF. ARI has the exclusive right to sales opportunities related to the services, except for any sales opportunity presented to ACF by American Railcar Leasing, a company controlled by Icahn, with respect to ARL-owned railcars. ARI also has the right to assign any sales opportunities related to the services to ACF, but ACF is not obligated to accept. The agreement terminates on December 31, 2020. Also on April 27, ARI entered into a parts purchasing and sale agreement with ACF. ARI and ACF may purchase from and sell to each other certain parts for railcars. ARI also will provide a non-exclusive license of certain intellectual property related to the manufacture and sale of parts to ARI.
April 20, 2015
12:53 EDTIEP Tropicana Entertainment announces agreement with Ruby Seven Studios
Tropicana Entertainment announced it has entered into a strategic relationship agreement with San Francisco-based mobile and social games developer Ruby Seven Studios to develop and launch an online social gaming site. The agreement will allow Tropicana to bring immersive, casino style branded gaming experiences to its existing customers, and will enable players around the world to access Tropicana's free casino style games via mobile, Facebook and personal computers. Tropicana is a majority-owned subsidiary of Icahn Enterprises, L.P. (IEP).

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