NewsDay - Here’s something that might provide a bit of solace amid the plunging values in your retirement accounts: Warren Buffett is losing lots of money, too. So are Kirk Kerkorian, Carl Icahn and Sumner Redstone.
They are still plenty rich, but their losses — some on paper and others actually realized — illustrate how few […]

Bloomberg - Carl Icahn, the investor angling to sell a 13 percent stake in Imclone Systems Inc. for more than $800 million, is piling up bets in the biotechnology industry.
Icahn and hedge funds he manages have accumulated stakes in at least 10 biotechnology companies that make up a fifth of the investors’ total publicly reported […]

New York Post - Corporate raider turned activist investor Carl Icahn is having a tough year.
The Far Rockaway, Queens native’s hedge funds are suffering their first losses since the 72-year-old opened them in 2004. The losing streak, which started midway through 2007, is expected to continue when Icahn Enterprises, the publicly-traded holding company […]

Guardian Unlimited- The struggling internet company Yahoo has struck a pact with its billionaire critic Carl Icahn by giving the hedge fund activist a minority presence on its board to avoid a potentially tempestuous showdown at a shareholder meeting next month.
Facing crumbling support among Yahoo investors, Icahn yesterday abandoned his efforts to overthrow the leadership […]

New York (HedgeCo.Net) - Hedge Funder Eric Jackson of Ironfire Capital will call on Yahoo Inc. to accept a board of directors mixed with members both proposed by the company and from a dissident slate backed by billionaire investor Carl Icahn.
Jackson, who heads the grassroots group Yahoo Plan B, wants five members to come from […]

New York (HedgeCo.Net) - After months of on-again off-again talks between Yahoo and Microsoft, the possibility of a merger looks to be back on. 
According to the Wall Street Journal, Microsoft said they may be interested in restarting talks if the internet giant’s board was replaced, a move that billionaire tycoon Carl Icahn has been […]

Boston Globe- Carl Icahn has hit the roughest patch of his hedge fund career.

[…]

Bloomberg- Carl Icahn has hit the roughest patch of his hedge-fund career.
His $7.9 billion in hedge funds fell 7 percent between October and April, the biggest peak-to-trough loss since the funds opened in November 2004, according to investors. That compares with an average annual return on his investments of 53 percent from 1996 to mid-2004. […]

NPR News- The people who run hedge funds can be famously secretive about their work. Not David Einhorn.
Einhorn founded Greenlight Capital, which manages about $6 billion in assets. He recently waged a very public battle against Lehman Brothers, claiming it was losing more money than it admitted. He turned out to be right.
Now he’s […]

New York (HedgeCo.Net) - Carl Icahn continues his quest to shake up the board of Yahoo, and this time, that includes ousting CEO Jerry Yang.  According to the Wall Street Journal, Icahn is channeling shareholder complaints in hopes to fuel his proxy battle and to facilitate the Microsoft deal.  
Last month, several Yahoo shareholders filed […]

New York (HedgeCo.Net) - Another hedge fund is backing Carl Icahn’s proxy battle against Yahoo, days after Paulson & Co. gave their support.
Third Point LLC, a hedge fund that manages $5.7 billion in assets, is believed to be on board after accumulating 5 million shares of Yahoo Inc., along with T. Boone Pickens, […]

Bloomberg - Microsoft Corp., the software maker that scrapped a $47.5 billion bid for Yahoo! Inc. this month, may forge a partnership with the Internet company in the search- advertising market to challenge Google Inc.
Microsoft, which abandoned its takeover attempts May 3, said yesterday that it’s exploring a transaction with Yahoo and may renew attempts […]