CARL ICAHN

An obscure hedge fund said it offered to buy $1 billion in debt from CIT Group Inc but declined to identify its source of capital. CIT would not comment on whether it was seriously considering the offer.

Carl Icahn, the famed corporate raider, accused finance company CIT Group Inc of trying to win support for its reorganization by overpaying for a new loan from some existing lenders.

Apple Beats Wall St; Gold Gaining on U.S. Policy; Housing Preview

Famed corporate raider Carl Icahn said he offered to underwrite a $6 billion loan to CIT Group Inc and complained that horse-trading between the troubled lender and its largest creditors was harming other bondholders.

Bruce Wasserstein, the legendary Wall Street deal maker identified with an era of no-holds-barred takeover battles, has died at the age of 61. His death leaves major questions about the future direction and leadership of Lazard Ltd., the investment bank he headed.

Elan Corp Plc has resolved a disputed partnership agreement with Biogen Idec Inc , lowering the price Johnson & Johnson will pay for a minority stake in the Irish drugmaker.

U.S. health-care firm Johnson & Johnson is in talks to cut the price of a $1.5 billion deal with Irish drugmaker Elan Corp , a source familiar with the negotiations said on Sunday.

U.S. health-care firm Johnson & Johnson is in talks to cut the price of a $1.5 billion deal with Irish drugmaker Elan Corp, a source familiar with the negotiations said on Sunday.

Yahoo Inc board member Carl Icahn has cut back his stake in Yahoo, selling nearly 13 million shares since last Thursday, according to a regulatory filing on Monday.

Guaranty Financial Group Inc has filed for Chapter 11 bankruptcy protection, less than a week after regulators seized its banking unit and sold most of its assets to the Spanish bank, Banco Bilbao Vizcaya Argentaria SA .

NEW YORK - Guaranty Financial Group Inc (GFGF.PK) has filed for Chapter 11 bankruptcy protection, less than a week after regulators seized its banking unit and sold most of its assets to the Spanish bank, Banco Bilbao Vizcaya Argentaria SA (BBVA.MC).

A bankruptcy judge on Wednesday approved a plan of reorganization for luxury home builder WCI Communities Inc (WCIMQ.PK), according to court documents, helping clear the way for the company to emerge from Chapter 11 bankruptcy protection.

Banco Bilbao Vizcaya Argentaria , Spain's second-largest bank, is expected to win a government-run auction of troubled Texas lender Guaranty Financial Group Inc , sources familiar with the situation said on Wednesday.

Activist investor Carl Icahn is under fire from a hedge fund that accuses the billionaire investor of enriching himself at the expense of minority shareholders in XO Holdings Inc , a company he controls.

Auto parts maker Federal-Mogul Corp (FDML.O) posted a sharp drop in quarterly profit on Thursday, but reported substantial progress from earlier in 2009 as it cut costs to address the economic downturn and production cuts by its automaker customers.

Microsoft Corp and Yahoo Inc have agreed to an online search and advertising partnership, in an attempt to rival Google Inc, that will be announced within 24 hours, a source familiar with the situation said on Tuesday.

Microsoft Corp and Yahoo Inc have agreed to an online search and advertising partnership, in an attempt to rival Google Inc, that will be announced within 24 hours, a source familiar with the situation said on Tuesday.

Guaranty Financial Group Inc , the second-largest publicly traded bank in Texas, said it will probably fail after loan losses and write-downs

Activist investor Carl Icahn spoke out in favor of a search deal between Yahoo Inc and Microsoft Corp, as talks between the two companies appeared to regain momentum.

XO Holdings Inc Chairman and billionaire investor Carl Icahn on Friday offered to buy the shares in the communications company that he does not already own for 55 cents each.

Federal-Mogul Corp (FDML.O) is readying a renewed bid for the assets of Delphi Corp (DPHIQ.PK) after breaking off talks with the bankrupt auto parts maker in late May, three people with knowledge of the situation said on Tuesday.