AIG Sells Mortgage Insurance Unit for $3.4B
The sale to Arch Capital Group advances AIG's goal of returning $25 billion to shareholders by the end of this year.
Icahn Enterprises Facing Downgrade to Junk
Activist investor Carl Icahn's holding company has suffered significant losses on its energy investments, imperiling its credit rating.
Xerox Copies HP With Split Into Two Companies
The breakup marks the end of Xerox's attempt to marry services for government agencies and corporations with its copiers and printers.
AIG Names New CFO in Management Shake-up
The moves come amid pressure from activist investor Carl Icahn, but analysts question the departure of finance chief David Herzog.
Pep Boys Snubs Bridgestone for Icahn Offer
Bridgestone still has until Friday to make a counter-proposal that would top Icahn's $837 million bid for the auto parts retailer.
Lyft Picks Up $100M Investment From Carl Icahn
Icahn bets on ride-sharing startup, saying it's a "tremendous bargain" compared to Uber.
Top Lawyer Changes Tune on Activist Investors
Martin Lipton advises companies to meet with activists and avoid "drawn out" proxy battles.
SEC Probes CVR Energy Bank Fee Disclosures
CVR says that it didn't know the banks advising it in a takeover battle with Carl Icahn would earn more if the takeover succeeded.
Out of the Frying Pan …
Activist Carl Icahn pushes for governance changes at upcoming spinoffs from eBay and Gannett that would leave them vulnerable to takeovers.
More Slice and Dice for eBay
Besides spinning off PayPal, the e-commerce giant now also plans to explore splitting off or selling its enterprise unit.
Hertz Board Finds $87M in Accounting Errors
An audit committee review shows the rental car company overstated GAAP net income for three years.