Carl Icahn, the subject of countless name-checks by Donald Trump during the 2016 campaign, today joined a host of other business leaders who are jumping off of the MAGA train. The billionaire investor and veteran pot stirrer sent POTUS a letter saying he is leaving his unofficial presidential advisory post because he…

How long will Wall Street’s love affair with Netflix continue? There are mixed signals today following the streaming video company’s announcement of its 7-for-1 stock split.

Shares rose 3.7% in early trading to an all-time high of $706.24. The stock split announced last night is designed to make the shares more afforda…

The billionaire investor's love of the Matt Weiner-created drama saved Kevin Beggs’ bacon and earned him the temporary enmity of his fellow executives, the Lionsgate TV Group chairman told UCLA grads today in an anecdote-rich commencement speech.

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Apple is tight-lipped about whether, let alone how, it might sell TV sets and an online video service that would compete with cable and satellite. But Carl Icahn still has high hopes for the businesses — as well a potential Apple entree into auto sales — he says today in an open letter to CEO Tim Cook that gave a…

Billionaire shareholder activist Carl Icahn withdrew his proxy battle at Gannett and agreed to restrictions on his stock purchases after the company accepted several governance policies he supported, both sides announced this morning. The pact applies to the publishing company — which includes USA Today — that the…

This is the kind of move that everyone’s been expecting activist investor Carl Icahn to make since August, when he bought a 6.6% stake in the TV, newspaper, and digital power — now in the process of creating separate companies for its TV and newspaper properties. He told Gannett, in a letter sent yesterday and…

Shares are up 4.9% in postmarket trading after Carl Icahn disclosed that he recently bought a 6.6% stake in the TV, newspaper, and digital power. He made the investment after concluded that the stock was “undervalued and that value could be created by splitting the Issuer into separate print and broadcast companies,&#8221…

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The activist investor declared victory today as he abandoned his campaign for a shareholder resolution that appeared headed for defeat. <img class="alignright size-full wp-image-160103" alt="Carl Icahn" src="https://s0.wp.com/wp-content/themes/vip/plugins/lazy-load-0.7/images/1x1.trans.gif" width="192" height="164" dat…

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The activist investor made his pitch in a letter to fellow shareholders today urging them to support his resolution calling on Apple to increase its share-repurchase plan. “Given that the company has $130 billion of net cash and $40 billion of expected annual earnings, and the fact that it is hard to find a better…