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US settles with billionaire Carl Icahn for using company to secure personal loans worth billions
Read full article: US settles with billionaire Carl Icahn for using company to secure personal loans worth billionsBillionaire Carl Icahn and his company were charged by U.S. regulators with failing to disclose personal loans worth billions of dollars that were secured using securities of Icahn Enterprises as collateral.
Stock market today: Asian shares drop after disappointing US inflation data sends Dow down
Read full article: Stock market today: Asian shares drop after disappointing US inflation data sends Dow downAsian shares have declined after disappointingly high U.S. inflation data sent shares sliding on Wall Street and raised prospects that interest rates will remain elevated for longer.
JetBlue shares soar as activist investor Carl Icahn takes a stake in the airline
Read full article: JetBlue shares soar as activist investor Carl Icahn takes a stake in the airlineShares of JetBlue are up more than 18% in Tuesday afternoon trading as activist investor Carl Icahn took an almost 10% stake in the airline.
Newest, bluest resort on Las Vegas Strip aims to bring Miami Beach vibe to southern Nevada
Read full article: Newest, bluest resort on Las Vegas Strip aims to bring Miami Beach vibe to southern NevadaA towering new tower aiming for the vibe of Miami Beach’s venerable Fontainebleau resort is opening on the Las Vegas Strip.
Icahn Enterprises halves quarterly dividend months after short-selling report, shares plunge
Read full article: Icahn Enterprises halves quarterly dividend months after short-selling report, shares plungeMonths into the fallout from a damning short-selling report, shares for corporate raider and activist investor Carl Icahn’s conglomerate Icahn Enterprises have tumbled after the firm halved its quarterly dividend.
EXPLAINER: What Twitter's 'poison pill' is supposed to do
Read full article: EXPLAINER: What Twitter's 'poison pill' is supposed to doTwitter is trying to thwart billionaire Elon Musk’s takeover attempt with a “poison pill” — a financial device that companies have been wielding against unwelcome suitors for decades.
ProPublica: Many of the uber-rich pay next to no income tax
Read full article: ProPublica: Many of the uber-rich pay next to no income taxThe richest 25 Americans pay less in tax — 15.8% of adjusted gross income — than many ordinary workers do, once you include taxes for Social Security and Medicare, the nonprofit investigative journalism organization ProPublica found.
Former Trump casino where stars played goes out with a bang
Read full article: Former Trump casino where stars played goes out with a bangThe former Trump Plaza casino was imploded after falling into such disrepair that chunks of the building began peeling off and crashing to the ground. “I got chills,” Atlantic City Mayor Marty Small said. AdOpened in 1984, when Trump was a real estate developer in his pre-politics days, Trump Plaza was for a time the most successful casino in Atlantic City. AdBut things began to sour for Trump Plaza when Donald Trump opened the nearby Trump Taj Mahal in 1990, with crushing debt loads that led the company to pour most of its resources — and cash — into the shiny new hotel and casino. Trump Plaza was the last of four Atlantic City casinos to close in 2014, victims of an oversaturated casino market both in the New Jersey city and in the larger northeast.
Implosion of former Trump casino pushed back a few weeks
Read full article: Implosion of former Trump casino pushed back a few weeksThis July 24, 2014 photo shows the former Trump Plaza casino in Atlantic City, N.J. On Wednesday, Dec. 16, 2020, Atlantic City Mayor Marty Small announced the city will auction off the right to push the button to dynamite the former casino, which is now closed, to raise money for a local youth charity. (AP Photo/Wayne Parry) Sent from Mail for Windows 10ATLANTIC CITY, N.J. – The implosion of one of President Donald Trump's former Atlantic City casinos is being delayed by a few weeks. Atlantic City Mayor Marty Small said Thursday that the demolition company handling the job told the city the former Trump Plaza casino cannot be brought down as scheduled on Jan. 29. The city is using the demolition as an opportunity to raise funds for the Boys And Girls Club of Atlantic City. Trump Plaza opened in 1984, and was the site of numerous high-profile boxing matches that Trump, then a real estate developer, attended.
Carl Icahn: Warren Buffett's Occidental deal a 'travesty'
Read full article: Carl Icahn: Warren Buffett's Occidental deal a 'travesty'"The whole thing is a travesty," Icahn, who is launching an increasingly-contentious proxy war to replace four Occidental directors, told CNN Business. "She gave him a gift," Icahn said of Hollub, adding that others would have done the deal a lot more cheaply. "I certainly don't blame Warren -- I blame the OXY board and Hollub," Icahn told CNN Business, using the oil company's stock ticker. While Occidental has championed the Anadarko deal as a smart way to capitalize on the US shale oil boom, Icahn fears the acquisition is too risky. "If oil goes below $40 a barrel, the Anadarko deal could give Occidental almost an existential problem," Icahn told CNN Business.
Carl Icahn declares war over huge oil takeover
Read full article: Carl Icahn declares war over huge oil takeoverNeilson Barnard/Getty Images for New York TimesNEW YORK - Carl Icahn believes Occidental Petroleum badly overpaid for oil driller Anadarko Petroleum. Now, he wants four Occidental directors to pay for that controversial deal with their jobs. Icahn has previously expressed fear that the Anadarko deal is extremely risky because of the turbulent nature of oil prices. Icahn has proposed replacing the following Occidental directors: Spencer Abraham, Eugene Batchelder, Margaret Foran and Avedick Poladian. He noted that all of Occidental's directors were re-elected at the company's annual meeting in May, albeit with lower support than usual.