Sep
17
2008
Yahoo! Inc. rejected a proposal from Microsoft Corp. and billionaire investor Carl Icahn that would have broken up the Internet company, saying they were trying to “coerce” officials into selling assets.Under the plan, Yahoo’s current board and top management would be replaced. Microsoft would buy Yahoo’s search business and leave Icahn with the rest of [...]
- Tags: alliance, bid, billionaire, Bloomberg, board, Business, California, Carl Icahn, Chairman Roy Bostock, coerce, company, Corp, doesn, Inc, Internet, investor, management, Microsoft, mind, plan, proposal, Rejects, rest, search, Split, statement, Sunnyvale, take, transaction, Yahoo
Sep
17
2008
Motorola Inc. plans to split into two companies next year amid pressure from billionaire investor Carl Icahn to break off the money-losing mobile-phone business that it pioneered 25 years ago.One company will focus on handsets and the other will sell network equipment, cable TV set-top boxes and two-way radios — businesses that are profitable and [...]
- Tags: billionaire, Bloomberg, board, Business, cable, Carl Icahn, company, equipment, executive, Inc, investor, Motorola, network, officer, phone, pressure, rest, Sales, Slide, Split, statement, today, year
Sep
17
2008
Carl Icahn, the billionaire investor fighting for board seats at Motorola Inc. demanded access to documents that detail the strategy for turning around the money- losing mobile-phone business.Icahn filed a lawsuit today in Delaware Chancery Court in Wilmington to get the information from Motorola, the biggest U.S. mobile-phone maker. The company denied an earlier request [...]
- Tags: access, billionaire, Bloomberg, board, Business, Carl Icahn, Chancery, Chief Executive Officer Greg Brown, company, Court, Delaware, Demands, detail, handset, Inc, information, investor, lawsuit, maker, money, Motorola, percent, pressure, quarter, request, rest, spinoff, strategy, today, U.S., unit, Wilmington
Sep
17
2008
Motorola Inc., which has lost mobile- phone market share to all of its major rivals, rose in German trading after saying it may bow to shareholder pressure and shed its money-losing handset unit.Chief Executive Officer Greg Brown said yesterday that the Schaumburg, Illinois-based company is exploring its options, including a possible separation of its mobile-devices.
The [...]
- Tags: announcement, Apple, billionaire, Bloomberg, Business, Carl Icahn, Chief Executive Officer Greg Brown, company, drop, Electronics, half, handset, Illinois, Illinois-based, Inc, load, market, May, mobile, Motorola, phone, Phones, pressure, quarter, rest, revenue, Rises, Samsung, Schaumburg, separation, share, shareholder, trading, unit, yesterday
Sep
17
2008
Billionaire investor Carl Icahn said he plans to nominate three people to Biogen Idec Inc.’s board and criticized the company’s earlier attempt to find a buyer as “flawed.”Biogen refused to let bidders talk to Irish drugmaker Elan Corp., its partner in the multiple sclerosis treatment Tysabri, Icahn said today in a regulatory filing. Biogen’s sale [...]
- Tags: agreement, attempt, bidding, billionaire, Biogen, Bloomberg, board, buyer, Cambridge, Candidates, Carl Icahn, company, confidentiality, Corp, Criticism, Dec, drugmaker, Elan, filing, Idec, Inc, investor, market, Massachusetts, October, partner, process, rest, sale, sclerosis, Targets, today, treatment, Tysabri, value
Sep
17
2008
Billionaire investor Carl Icahn held shares in Alcoa Inc. and Alcan Inc. in the quarter through June, during a takeover battle between the two North American aluminum producers.Icahn held 3.52 million shares of Alcoa, valued at about $143 million, and 1.18 million shares of Alcan, which were worth $95.6 million, he said in a filing [...]
- Tags: Alcan, Alcoa, aluminum, battle, billionaire, Bloomberg, Carl Icahn, filing, Holds, Inc, investor, June, North American, quarter, rest, Stake, takeover, today
Sep
17
2008
Carl Icahn’s American Real Estate Partners LP bought the billionaire investor’s stakes in his own investment-management firm for as much as $1.9 billion to consolidate holdings ranging from home retailers to hedge funds.The purchase price is $810 million of American Real Estate depositary units plus an additional payout of as much as $1.1 billion based [...]
- Tags: activist, amount, billionaire, Bloomberg, Buys, capital, Carl Icahn, company, Estate, firm, hedge, home, investor, June, management, NEW YORK, payout, percent, price, property, purchase, Real, rest, sevenfold, Stake, statement, today, transaction, Update, year
Jul
11
2008
Billionaire Mukesh Ambani’s Reliance Industries Ltd. and younger brother Anil’s Reliance Energy Ltd. group companies rose to records on speculation oil, gas and power investments will drive profit growth.Reliance Industries gained 3.6 percent and its unit, Reliance Petroleum Ltd. increased 8 percent on the Bombay Stock Exchange today. Anil’s Reliance Energy surged 8.3 percent, Reliance [...]
- Tags: Ambani, amp, Anil, billionaire, Bloomberg, Bombay, brother, Communications, communications ltd, Energy, group, investments, Ltd, Mukesh, Natural, natural resources, net worth, newsarchive, oil, oil gas, percent, Petroleum, pid, Power, profit, Reliance, reliance industries ltd, reliance petroleum ltd, rets, sid, speculation, stock, today, unit
Jul
10
2008
India capped natural gas prices 34 percent below a global benchmark, cutting returns for Reliance Industries Ltd., and deterring global companies from exploring.The government yesterday ordered Mumbai-based Reliance, India’s biggest company, to sell natural gas from the Krishna Godavari field for $4.2 per million British thermal units, less than the about $4.5 it was seeking. [...]
- Tags: amp, benchmark, Bloomberg, Caps, company, country, field, gas, global companies, godavari, government, India, Krishna, Ltd, Mumbai, Mumbai-based, Natural, natural gas price, natural gas prices, new delhi, newsarchive, oil, oil ministry, pid, producers, Reliance, reliance india, reliance industries, reliance industries ltd, sid, statement
Jul
10
2008
India’s biggest company by market value is “trying to drive us out of business by offering cheap rates,” said Pukar, who sells mangoes and pomegranates from his cart a kilometer from where a Reliance Fresh convenience store recently opened.
Investors concerned that Reliance Chairman Mukesh Ambani’s lack of retail experience will be a handicap should think [...]
- Tags: Ambani, amp, Bloomberg, Business, cart, chairman, company, convenience, convenience store, Fresh, handicap, India, kilometer, lack, market, middle-class, Mukesh, mukesh ambani, Mumbai-based, oil refinery, percent, pid, pukar, record, record profits, Reliance, retail experience, retail sales, retailing, revenue, s sales, supermarket, supermarket chain, surge, third, value
