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).
Chesapeake Energy Corp., the second-largest U.S. gas producer, sold a record $3 billion bond offering in two parts to refinance debt, as the cost to protect its obligations against default approaches a six-year low.
Apple Inc.’s departing chief financial officer Peter Oppenheimer presided over a sales boom that filled company coffers with a record cash pile. His successor, Luca Maestri, inherits a company stung by slowing growth and increasing scrutiny of how it handles that hoard.