Conglomerate Icahn Enterprises (NASDAQ:IEP) — named after its founder, the activist investor Carl Icahn — again found itself treading in red ink. Sparking the negativity was a change in leadership. And since a short-seller report last year, IEP stock has struggled for traction.According to a Seeking Alpha report, Icahn named Andrew Teno its new CEO, replacing David Willetts. In a corporate statement earlier Wednesday, Willetts will be the head executive of Pep Boys, one of Icahn’s portfolio companies. On th ...

Icahn Enterprises (IEP -8.87%) announced in a financial update Wednesday the net asset value of its holdings dropped significantly in the fourth quarter, though it did keep its quarterly dividend intact. Investors are viewing the glass as half-empty, sending shares of IEP down as much as 14% on Wednesday and off 8% as of 1 p.m. ET. Overhaul in the C-suite and falling values Carl Icahn is a legendary activist investor, but of late the focus has mostly been on activists questioning the investor's business set ...

Names Icahn Capital Portfolio Manager, Andrew Teno, as Chief Executive Officer Names Current Chief Executive Officer, David Willetts, as Chief Executive Officer of Pep Boys Announces Estimated Indicative Net Asset Value of $4.76 billion as of Year End 2023 Maintains Quarterly Distribution of $1.00 per Depositary Unit During the last few months we have defeased all our 2024 notes and the next note maturity of $750 million is December of 2025 Our cash position was $2.7 billion across the Holding Company and ...

Veteran activist investor Carl Icahn's latest involvement in the airline industry deepened on Tuesday. His Icahn Enterprises (IEP 1.51%) successfully installed two of its executives on JetBlue's (JBLU 0.72%) board of directors. That news was encouraging enough to send Icahn Enterprises's stock into positive territory; it closed the day 1.5% higher, in contrast to the 0.6% slump of the S&P 500 index.The veteran activist investor gets active with JetBlueAfter market hours on Friday, JetBlue announced the two ...

Shares in a Swiss software maker plunged as much as 34% on Thursday after short-seller Hindenburg Research accused the company of manipulating its accounts. In a report, the short seller said its four-month-long investigation had revealed “major accounting irregularities” at Temenos CH:TEMN, as the New York fund said it has now started shorting the Swiss company’s shares. Temenos was approached by MarketWatch for comment.  The... Master your money. Subscribe to MarketWatch. Get this article and all ...

Carl Icahn ranks as one of the most famous activist investors in the world -- and one of the most successful. His net worth currently totals close to $5.8 billion. Although Icahn has money in dozens of stocks, his top position, by far, is in his own Icahn Enterprises LP (IEP -0.06%). He owns nearly 86% of the holding company, which generates close to two-thirds of its revenue from investments and energy. Two things especially stand out about Icahn Enterprises right now. First, it offers a mind-boggling divi ...

jetcityimage Icahn Enterprises (NASDAQ:IEP) is a shadow of its former self; the quarterly distribution has been halved with no clear pathway to recovery, its market cap is down 66% from a year ago, and a public stock portfolio broadly tilted towards hydrocarbon is in the middle of a comedown from the 2022 surge induced by Russia's invasion of Ukraine. The outlook seems bleak with IEP's units currently trading with no general direction and failing to participate in the broad market rally sparked by the Fed's ...

Jesse Lynn - General Counsel Conference Call Participants Andrew Berg - Post Advisory Group I would now like to hand the call over to Jesse Lynn, who will read the opening statement. I'll now turn it over to David Willetts, our Chief Executive Officer. Our operating companies have performed well, with each of them posting solid gains on a year-over-year basis. CVI has benefited by continued strong crack spreads, good operating utilization, reduced RINs cost and is authorized a $2 total dividend. Our Automot ...

Table of Contents | UNITED STATES SECURITIES AND EXCHANGE COMMISSION | | | | | --- | --- | --- | --- | | Washington, D.C. 20549 | | | | | FORM 10-Q | | | | | (Mark one) | | | | | ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | | | | For the Quarterly Period Ended September 30, 2023 | | | | | OR | | | | | ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | | | | For the Transition Period from | to | | | | (State or Other ...

Jesse Lynn - General Counsel Conference Call Participants Andrew Berg - Post Advisory Group I would now like to hand the conference over to Jesse Lynn, who will read their opening statement. Forward-looking statement may be identified by words such as expects, anticipates, intends, plans, believes, seeks, estimates, will or words of similar meaning and include but are not limited to statements about the expected future business and financial performance of Icahn Enterprises L.P. and its subsidiaries. Actual ...