Icahn is a diversified investor with extensive holdings in biotech, casinos, information technology and real estate. About half his fortune is invested in publicly traded companies, including natural gas outfit El Paso and auto parts maker Federal Mogul. His closely held assets include a telecommunications company (XO Holdings) and rail cars (ACF).
Activist investor Carl Icahn said he will pursue a shareholder vote to force Apple Inc. to boost its stock buyback plan, as part of his campaign to unlock more of the cash held by the world’s most valuable company.
Canadian stocks rose a fourth day, the longest streak in almost six weeks, as industrial companies and energy producers gained after manufacturing from the U.S. to Europe and China expanded more than forecast.
QEP Resources Inc., the third-worst performer this year among peer U.S. exploration and production companies, will pursue the separation of its natural gas gathering and processing business sought by activist investor Jana Partners LLC.