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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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February 11, 2016
06:32 EDTIEPAIG's Hancock in back-and-forth with Icahn over performance, WSJ says
A few days after Icahn Enterprises' (IEP) Carl Icahn unveiled his plan calling for a breakup of AIG (AIG), AIG CEO Peter Hancock traveled to Icahn's office to hear him out, the Wall Street Journal reports, citing people briefed on the matter. Hancock then hired bankers to study possible divestitures and ultimately introduced a plan a month ago that could slim down the company over time, a plan which still falls short of what Icahn wants, the report says. Icahn needs to decide by this weekend whether he will start a proxy fight for AIG board seats, the report says. The back and forth between Hancock and Icahn reflects the increasing role of activists in a range of industries, the report says. Reference Link
February 3, 2016
07:34 EDTIEPIcahn Enterprises announces expiration of cash tender offer for Pep Boys shares
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