Carl Icahn

What Did Warren Buffett See in Occidental That Carl Icahn Missed?

Berkshire Hathaway ( (BRK.A) - Get Berkshire Hathaway Inc. Report) purchased another 9.6 million shares of Occidental Petroleum ( (OXY) - Get Occidental Petroleum Corporation Report), increasing the behemoth's total stake to 16.3% as oil prices remain volatile. The Berkshire conglomerate, run by billionaire Warren Buffett, said it spent $530...
Picture for What Did Warren Buffett See in Occidental That Carl Icahn Missed?

Carl Icahn goes to war against Rialto, CMBS servicers

Activist investor Carl Icahn has a new target — one that has long pestered short sellers and property owners: servicers of commercial mortgage-backed securities debt. Icahn’s funds are suing Rialto Capital Advisors, a prominent special servicer, for delaying the sale of a Nevada shopping center and allegedly siphoning millions of dollars from investors, according to a complaint.

Mayor Cooper sets meeting with billionaire land owner Carl Icahn over PSC 'eyesore'

The grand vision for downtown Nashville's future cityscape has at least one glaring blemish: the metal-recycling plant occupying prime riverfront real estate.  The sprawling scrapyard has been an "eyesore" for years though its sits on some of the city's most valuable real estate, Mayor John Cooper said. But he said there's reason to be hopeful about development at the parcel...

Carl Icahn reduces stake in Cheniere Energy after booking realized and unrealized gains of $1.3 bln

Cheniere Energy Inc. said Wednesday it agreed to repurchase $350 million of its common shares held by Carl C. Icahn and Icahn Enterprises LP at a price of $130.52 per share, in a deal expected to close on June 21. Icahn initially invested in Cheniere in 2015 and has since made more than $1.3 billion in realized and unrealized gains on Cheniere, according to a prepared statement from the billionaire. He continues to own a sizeable stake in Cheniere. Andrew Teno, a Cheniere board member appointed by Icahn Enterprises, will resign from the board of directors within two business days following the close of the stock purchase agreement. Icahn Enterprises said it was instrumental in hiring Cheniere CEO Jack Fusco and that its ownership stake stands out as a "shining example of IEP's activism efforts." Shares of Cheniere Energy rose 1.8% in premarket trades.