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Carl Icahn posts worst loss since 2008

Carl Icahn posts worst loss since 2008

Carl Icahn looks at charts on a projection screen during a media conference at the St. Regis on February 7, 2006 in New York City. (Photo: Michael Nagle, Getty Images) NEW YORK — Billionaire investor Carl Icahn, who briefly flirted with a stint as Donald … Continue reading at

HEDGE FUND MANAGER: There are lots of Gordon Gekkos on Wall Street, and that needs to change

Value investor Guy Spier, a Warren Buffett disciple and founder of Zurich-based Aquamarine Fund, said that he might have served the world a lot better had he studied something else in school. “I think that I might have served the world a lot better if I … Continue reading at

Carl Icahn posts worst loss since 2008

Image by whartonds

Westmont prepares for March opening of Mariano’s

A long-awaited Mariano’s grocery store is set to open in Westmont in March. The 71,300-square-foot e near 63rd Street and Cass Avenue will likely open after March 14, according to Westmont Mayor Ron Gunter. He said the mild winter allowed construction … Continue reading at

Small Business

Lumber Liquidators Swings to Loss Amid Laminate Flooring Fallout

Lumber Liquidators reported it swung to a loss in the final quarter of the year as the top line was battered over concerns about the safety of the hardwood-flooring company’s laminate products sourced in China. Shares, which have erased a quarter of their … Continue reading at

Judge refuses to dismiss lawsuit filed by Sumner Redstone’s former girlfriend

A judge in Los Angeles has ruled Monday that a lawsuit filed by Sumner Redstone's former girlfriend, who’s seeking to be restored as the health care agent of the media mogul, can proceed, according to reports. Redstone, the 92-year old former chairman … Continue reading at

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Small Business

General Electric CEO: Boston move demonstrates goal to be 'contemporary and paranoid'

General Electric's decision to move its headquarters to Boston is representative of the company's goal to "remain contemporary and paranoid" as it maneuvers to redefine itself for the future, CEO Jeffrey Immelt wrote in a letter to shareholders Monday. Continue reading at

Valeant Chief Returns to a Difficult To-Do List

J. Michael Pearson is back as chief executive of Valeant Pharmaceuticals International, but with less power and no glory. He is no longer chairman of the drug maker's board. The company on Sunday also withdrew its earnings guidance and will further delay … Continue reading at

Carl Icahn posts worst loss since 2008

Image by whartonds

CBRE Clarion Global Real Estate Income Fund (NYSE: IGR) Board Of Trustees Announce Modifications To The Fund’s Investment Policy

CBRE Clarion Securities LLC (“CBRE Clarion”), investment manager to the CBRE Clarion Global Real Estate Income Fund (NYSE: IGR) (the “Trust”), today announced two modifications of the Trust’s investment policies effective March 1, 2016. Neither of these … Continue reading at

Late selling leaves stocks down for third straight month

NEW YORK (AP) -- Late-day selling sent U.S. stocks to a loss Monday and erased nearly all of the market’s gains for the month. Weak earnings for drug companies pushed health care stocks lower, and energy shares fell as natural gas plunged. Investors lost … Continue reading at

Outlet center growth signals malls aren’t dead

For traditional retailers and the malls in which they reside, the game of chicken that consumers are playing on price has had major repercussions for their sales and profitability. But for one property owner, this same shopper reticence is instead fueling … Continue reading at

* In this brief excerpt of The Macro Show earlier today, Hedgeye CEO Keith McCullough explains why he's more convinced than ever that stocks will crash and why 2016 is eerily reminiscent of 2008.

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Small Business

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    • elinor s
    • February 29, 2016

    You always are so succinct and accurate.

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