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Activist investor Carl Icahn, who has been waging a bitter battle against Occidental Petroleum Corp's board over its $38 billion acquisition of Anadarko Petroleum, cut his holdings in the oil and gas producer by nearly a third, according to an open letter to shareholders released on Friday. Icahn has opposed the deal as "hugely overpriced" and a misplaced bet-the-company gamble on oil prices rising, and urged Occidental's board to instead put the company on the market. Occidental bought rival Anadarko in August for $38 billion despite investor opposition to the deal, which did not go to an Occidental shareholder vote for approval....
Stocks fell after Trump announced news about how he has not agreed to roll back the tariffs he placed on China. Bryan Mawr Trust Wealth Management Chief Investment Officer Jeff Mills joins Yahoo Finance’s Julie Hyman, Brian Cheung and Pras Subramanian to discuss on On The Move....
The World Bank on Friday urged Lebanon to form a new Cabinet "within a week" to prevent further degradation and loss of confidence in its economy, warning of grave risks to the country's stability amid a worsening fiscal and economic crisis. Saroj Kumar Jha, the organization's regional director, told The Associated Press that the World Bank observed "enormous losses" in recent weeks and said a new government was urgently needed to redress the situation. Prime Minister Saad Hariri resigned his government on Oct. 29 in response to the unprecedented nationwide protests that have swept Lebanon starting in the middle of last month....
More and more people are becoming billionaires according to a new report. Yahoo Finance's Julie Hyman, Brian Cheung and Scott Gamm discuss....
Q3 2019 Step Energy Services Ltd Earnings Call...
There is no love lost between Elon Musk and David Einhorn....
Anyone interested in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) should probably be aware that the Senior VP and......
