carl icahn

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Latest blogosphere posts tagged “carl icahn”

• A Letter From 2019

  
  The Reformed Broker — Authority: 643
  Dear Josh, It’s me: Josh…the You from 10 years from now, using the latest technology from Google to send an email to you from the future.  Don’t freak out. Anyway, I’m just writing to let you know that the next ten years will be wacky, but everything turns out ok.  For regulatory reasons, I obviously ...
  5 days ago

• Reading Between The Lines Of David Einhorns Attack On CDS

  
  zero hedge — Authority: 771
  The $26.5 trillion (gross notional) CDS market is under siege. Or such is the latest news from the formerly pervasive (ab)user of CDS trading strategies, David Einhorn. In an op-ed in the FT , Einhorn states "I think that trying to make safer credit default swaps is like tryingto make safer asbestos,” he writes in ...
  1 week ago

• All The King’s Sycophants

  
  Unconventional Thinking — Authority: 109
  The other day I listened to a journalist, of sorts, bragging that he played golf recently with the President of the United States. Wonderful for the reporter’s ego. Terrible for journalism. Of course, favored journalists have always enjoyed special access to US Presidents, but that doesn’t mean the problem is ...
  1 week ago

• CIT Group to File For Bankruptcy Within Days

  
  Wall Street Pit — Authority: 638
  CIT Group (CIT) intends to file for bankruptcy protection in New York within days, perhaps as early as Sunday, the WSJ reports, citing people familiar with the matter.The filing, which was overwhelming approved by creditors in  support of a prepackaged bankruptcy protection and comes as a...
  2 weeks ago

• Icahn Discloses Plans For CIT

  
  zero hedge — Authority: 771
  CIT is now certain to file for bankruptcy over the weekend, after it was unable to obtain the requsite number of consents for its exchange offer. The only question is whether or not the bankruptcy will be a pre-packaged, in which bondholders will accept specific haircuts or if it will be a free fall Chapter 11, which ...
  2 weeks ago

• CIT Group receives $1 billion loan from Icahn

  
  DailyFinance — Authority: 797
  Filed under: Company News , CIT Group Commercial lender CIT Group Inc. said Friday that billionaire investor and bondholder Carl Icahn agreed to support the companys restructuring plan amid reports CIT may soon file for bankruptcy protection. Icahn also agreed to provide CIT with a $1 billion line of credit. ...
  2 weeks ago

• CIT Group Makes Peace With Carl Icahn

  
  ShoppingBlog.com — Authority: 659
  Embattled lender CIT Group has finally made peace with billionaire Carl Icahn, who is the companys biggest bondholder. Icahn had been opposing CIT Groups latest plan to reorganize with a bondholder debt swap. But after furious negotiations, all parties have tentatively agreed on a solution. CIT Group is so deep in ...
  2 weeks ago

• Another wicked October takes its toll on investor confidence

  
  DailyFinance — Authority: 797
  Filed under: Company News , Economy , Earnings , CIT Group , Apple , Citigroup Slipping consumer confidence sent U.S. stocks tumbling Friday, nearly ending a six-month-long sprint that saw major indexes climb steadily and dramatically in the face of recession. The drop, on the last trading day of a wildly ...
  2 weeks ago

• CIT $1 billion from Carl Icahn, Icahn Capital LP

  
  George S. May Business Blog — Authority: 134
  As a part of their restructuring plan, CIT has entered an agreement with Carl Icahn to secure a $1 billion line of credit from Icahn Capital LP to provide themselves with supplemental liquidity as they go through with the plan.Icahn Capital has given CIT up until the new year to draw the new line of [...]
  2 weeks ago

• Corporate Titans Master the Obvious

  
  Sense on Cents — Authority: 561
  Why is the market breaking down today? A number of analysts are pointing to comments by corporate titans, Wilbur Ross, George Soros, and bank analyst Mike Mayo. What did Ross, Soros, and Mayo have to say? With all due respect, these corporate titans do not offer any new news. That said, let’s navigate. 1. Wilbur ...
  2 weeks ago

• A surprise “Wow!” in the CIT story

  
  Van Santos — Authority: 436
  I had previously stated that CIT was going to do everything in their power to keep Carl Icahn out of their restructuring plan.  Based on their public “calling out” of his statements it appeared things were going to get out of control.  Today; however, the story took a very strange twist. CIT has received a ...
  2 weeks ago

• Bunch of Yahoos

  
  MediaFile — Authority: 640
  A string of Yahoo sales, engineering and product executives took the stage on Wednesday in the companys first full-day briefing with analysts since May 2006, all with a mantra that came down from on high: "Today is the beginning of a journey back to respect ," said CEO Carol Bartz. With page views increasing, Carl ...
  2 weeks ago

• Bunch of Yahoos

  
  DealZone — Authority: 524
  A string of Yahoo sales, engineering and product executives took the stage on Wednesday in the company’s first full-day briefing with analysts since May 2006, all with a mantra that came down from on high: “Today is the beginning of a journey back to respect ,” said CEO Carol Bartz. With page views increasing, ...
  2 weeks ago

• Carl Icahn entices small bondholders to reject CIT plan

  
  Business Finance & Economy - business.marc8.com — Authority: 164
  Billionaire investor Carl Icahn said on Tuesday he will offer to smaller holders of CIT Groups debt short-term protection against the value of the debt declining, if investors back his alternative restructuring of the beleaguered lender.
  2 weeks ago

• CIT Obtains $4.5 Billion Revolver, Locks Out Icahn

  
  zero hedge — Authority: 771
  The CIT soap opera is developing by the minute, ahead of tomorrow exchange offer deadline expiration. In one corner shunned distressed investor Carl Icahn, who presumably owns $2 billion of CIT bonds, and is pushing for a complete shakedown at the company while offering to pay bondholders 60 cents on the dollar in ...
  2 weeks ago

• Icahnt Should Hang It Up

  
  Breakout Performance: Ironfire Capital — Authority: 413
  By Eric Jackson ...
  2 weeks ago

• CIT speaks out on Icahn

  
  Van Santos — Authority: 436
  This is exactly what I was talking about – when Carl Icahn gets involved with a company, it always seems to turn into a freak show. Today CIT responded to Icahn and his attempt to interject himself into the mix as a means of picking up assets on the cheap: Mr. Icahn is seeking to convince smaller bondholders ...
  2 weeks ago

• Icahn Offers to Buy Certain Classes of Debt from CIT Group Bondholders

  
  Wall Street Pit — Authority: 638
  Billionaire investor Carl Icahn said on Tuesday he will offer some protection to smaller bondholders of the  CIT Group (CIT),  if they would vote with him to reject the company’s plan for reorganization. The move, which is likely to cause contention, comes as the nation’s largest lender to...
  2 weeks ago

• Icahn attempts to get small CIT bondholders on his side

  
  Van Santos — Authority: 436
  Got to give it to the man, he can be rather creative.  In an attempt to prevent a pre-packaged bankruptcy, Carl Icahn is providing a 30 day, 60% value, offer to small bondholders if they support him and his efforts. Billionaire investor Carl Icahn in a statement Tuesday morning said he is giving downside ...
  2 weeks ago

• Investor Carl Icahn Resigns from Yahoos Board

  
  Digital Media Wire - connecting people & knowledge — Authority: 579
  San Francisco- Investor Carl Icahn on Friday resigned his seat on Yahoos (NASD: YHOO) board ofdirectors, the Associated Press reported. read more
  2 weeks ago

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