neil: jim la camp, everyone waits when icahn assumes a position in the company for the icahn bump, justets out or tweetsous out, the stock has a jump. where do you think he sets his sights now, he said let's looks for companies that are deemed undervalued or led by schmucks. >> he used that word schmucks. >> apple is creating over $7 -- trading over $700, it trades down to $400 and change, other technologies sam suns, all tried have caught up with apple, they have $160 billion in cash, it was an easy target for someone like carl icahn to come along and raid the -- raise the stook, are there other stocks out there like that. neil: i would be careful, jarred levy, he will put a stop watch on this bull market, said it has been lifted on a lot of hot air, a lot of fed nicotine fits, and providing this easy money. that short lived. he did not attach a date or time. but he said this market is overvalued presently. >> well, carl icahn has made a great the business out of under stating the way that social media works, were the movie wall street, they send a stock price up. he is no control of t

but in his latest fight, icahn might have met his match. icahn wants apple to buy back 50 billion of its stock by september. apple rejects that idea. the company has already committed to returning $100 billion to shareholders by 2015 and returned nearly half of that in the last 18 months. >> we're here for the long term. >> reporter: anne simpson is the senior portfolio manager of investments at calpers which owns 1.6 billion of apple shares. she agrees with apple and has a problem with icahn's activism. >> now, standing outside and lobbing a brick through the window is really not a sensible way to engage in the conversation. we don't think that carl icahn who's a relatively small investor with a very short-term agenda should be steering the board of apple, which ace very big company with a long-term future which many people are relying on. >> reporter: simpson says apple should focus on product innovation and the quality of its board, not financial engineering. icahn is firing back, saying that simpson's priorities are misguided. it is a s

what's the icahn modus operandi? >> i believe with a lot of exceptions, corporate governance in that country is dysfunctional and extremely dangerous dysfunctional for our economy and for our well being. and for pension funds that are very, very strongly underfunded. and what -- what's amazing to me is now you see the record, you can see what we've done. iep, if you bought 23 in 2000, up over 2200%. we are up about 25% annualized since they bought that stock, our fund, the hedge fund, up 25% annualized, the last five years, 37%. >> critics say for every one of though you have a twa that's gone. >> that's not true. i'm putting that into it. i put that into the numbers. i put the bad ones in with the good ones. and by the way -- >> you -- >> let me talk about twa for a minute. >> sure. >> i would tell you, we were in it. wa and we kept that company alive when eastern went under, continental went under, i can't help when you get a secular change in industry there. we are not gig going to win every one. i say i give you

apple was not against icahn's plan.a bunch of back stack and led them to their stock improve. >> at end of the day apple board of directors were in a better position to decide how they would give back shareholder money. i think that mr. icahn, i certainly don't have a fight with him personally. i just don't think apple should be responding to one investor who is seeking to make money when there is a broader issue at hand. and that is, that public investment funds and others also believe that we should look at these companies in the long term to create value. i think our efforts alongwith calpers and iss, which sort of said, look, we should not be giving additional $15 billion on top of the 100 billion apple was giving back. i said we have to draw the line in the sand and rely on the board of directors to make those decisions. david: you have -- liz: you have about $1.3 billion worth of apple stock in the funds for new york pensioners? >> uh-huh. liz: are you happy with what the company is doing? forget the share buyback

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the standoff between icahn and apple seems to be over for now.vestor has dropped his campaign to pressure apple management into buying back $50 billion worth of stock. icahn tweeted in august he thought apple was undervalued and therefore would start accumulating shares, the stock has jumped 13%. that of course is great for anybody who would long apple. nearly $277 billion in assets under management, apple is the second-largest holding but it's leader has been a vocal critic of the push toward apple so is shgenetic a victory lap? senior portfolio manager joining us now in a fox business exclusive area did great to have you on this day. are you surprised by his letter that came out were he in essence said i'm done? >> well, we were surprised but delighted. because reason has prevailed, apple has had a long-standing commitment return capital to shareholders and we really felt icahn proposal was a repetition of what was already in hand. it makes a lot of sense he has withdrawn and that is good for apple and good for investors. liz: we do give him cr

back, some in else's insights, carl icahn.e is going after ebay, attacking a couple of high-profile directors. one of those directors is rejecting carl icahn's claims. we will have that next. >> and they are big winners on the court, but they foul out when it comes to education. we will tie you about the big-name college basketball team that gets a failing grade. it is "market makers" on bloomberg television. ♪ >> you are watching "market makers" on bloomberg television. i'm erik schatzker here with stephanie ruhle. carl icahn is taking on one of the biggest names in silicon valley, netscape founder and venture capitalist mark andreessen. andreessen is on the board of ebay. icon calls the board dysfunctional -- carl icahn calls the board dysfunctional. he points to the case of skype, the internet phone service. ebay spun it off back in 2009, and andreessen was part of the team that bought it. he made a fortune when microsoft later bought skype just two years later at triple the price. >> let's talk about carl icahn's latest cr

say what you want about the lachman, carl icahn -- bill ackman, carl icahn, both are in it for the long-termone on the short side, one normal long side. >> carl icahn getting into a company still leaves a bad taste in some people's mouths. it is a muslim darth vader coming into a company. when he went into time warner -- darth vader like coming into a company. when he went into time warner -- >> they embraced him. the stock did great. netflix, when he came in, they did great. it is situations where the management needs to be changed. the management is not happy. after parsons left time warner, they eventually did everything that carl icahn asked them to do. management is the problem. what about with apple? is that an issue? do you think they are working well together? >> it is the ultimate company that you would think would not welcome an activist. imagine if steve jobs were alive today. steve jobs would say, get the hell out of town. >> it is also a massive undertaking. is treating management with respect there. he is being very deferential to tim cook. he is not trying to micromanage. fina

and ant-icahn over apple, scott stringer urging apple shareholders to vote against icahn's share buy-backsal. stringer will join us live here on the set later in the show. mcdonald's reporting doesn't expect january sales for europe, asia, middle east, and africa, offsetting what was a sharp monthly sales decline in the united states. and yelp, you heard it here first, those shares are higher in the premarket on reporting it's partnering with yahoo! to beef up the search everyonngine results. >>> stocks in europe and asia trading largely higher today, helped by friday's jobs report, although it wasn't a strong report, as you know. focus here on the u.s. falling on the fed chair, janet yellen's first testimony before congress on tuesday, many expect, of course, we're not going to get any real change in the taper talk. >> right. >> were you surprised by the strength on friday? >> you know we added insight that this could happen. when we had a couple of retailers report really bad numbers and the stocks ran. now i was thinking over the weekend how it all kind of began with coals, sounds stra

icahn said.f defending theskype deal, the board determined because of these limited synergies, it would be in the best longer-term interest of stockholders to explore a divestiture of skype. they said this was the best thing to do for the company. regarding scott cook -- they say the overlap and accusation is because scott cook was ceo of intuit there was a conflict there in terms of hiring. regarding hiring -- what's interesting here is that john donahoe, the ceo of ebay, he was on the show a week ago, he had a conciliatory relationship with carl icahn. it seems like this deteriorated. carl icahn was very aggressive in his letter and ebay was aggressive in the response. say- mudslinging attacks and it looks like they are firing back in their dissent. i what did carl icahn describe donahoe? >> he questioned whether he was asleep at the switch. he was asking why you would have board members that have these perceived conflicts. it's an interesting drama unfolding. i will talk to carl icahn at 3:00

liz: and carl icahn on his new attack on ebay. moved higher today in light of it and he steps o up hs campaign with the company to spin off paypal. the billionaire is also a big apple shareholder. we will discuss the new galaxy s5 smart phone and the smart watch unveiled this afternoon. a lot to talk about with which harley calls uncle karl. ekdays are for rinto the challenge. they're the days to take care of business. when possibilitiesecome reality. withenturylink as your trusted partner, our visionary cloud infrastructure and global broadband netwo free you to focus on what matters. with custom communications solutions and responsive, dedicated suort, we constant evolve to meet your needs. every day of the week. centurylink® your link to what's next. iwe don't back down. we only know one direction: up so we're up early. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. eand here. or start a new business here... and pay no taxes r 10 years. with new jobs, new opportunities and

certainly an about-face for carl icahn but a good day for apple.percent today for after icahn saying there's no reason for apple to increase his stock buyback. yesterday that would only, quote, micromanage apple and hough it uses its money in a letter to shareholds today icahn rites: we'retive appointed that iss recommended against our proposal we do not disagree with their assessment and recommendation in light of recent actions taken by the company. before the change of heart he had been urging -- over the past two weeks that bought back $14 million of itself. icahn calls aggressive and opportunistic, not to mention the critics were lining up against him. particularly from the pension world. it was said icahn handcuffed apple's management. and the thinking is this. if apple has to cough up that much cash it would have to borrow money. that could hurt its credit rating and the company wants to good into the annual immediating at the end of the month looking good. >> thank you very much. carl icahn may not always get his way, even though it looks l

kent, first to you and carl icahn, what do you think of what carl icahn is doing, his proposal for morebacks? why do you think it was rejected at today's meeting? >> thank you for having me, dave. as you probably know eagan jones recommended that shareholders reject the proposal by carl icahn. i think it was item number six on the agenda. david: right. >> and we did so, we did so because for the same reason that one must assume the shareholders do, we think that management's been doing an excellent job over the last year or so of returning capital to shareholders. they have done a responsible job. they're doing it carefully, and from our point of view they don't need to be micromanaged by a shareholder as to how much and exactly when they do it. david: okay, but anton, look at full-year chart if we can or at least a chart showing about the time at which carl icahn got involved. can we see that chart? we have a special chart which shows exactly when icahn bought into apple and you can see, right at that point is where the stock begins to climb. is that just coincidence? >> yeah. so i've

hard for me to see what good carl icahn has done. some wom have called him a green mail perp not starting a company. not providing. he'd not providing huge amounts of jobs or new products or new innovations. he's incredibly successful speculator and some say a green mail perp i don't see what great stuff he's done at all, frankly. he's a tough guy, a starker, as we jews would say, but i don't see what greg sees he's done and should be heavily taxed. >> his point is that he has made shareholders much more active and companies much more accountable. what do you think of that? >> i agree. i've got nothing against people, successful people succeeding. the issue, what do we do for the rest of society? >> okay. you're ultimately always about society. i want to thank charlie and dagen. a short footnote on carl icahn, when he was here, everybody was saying what is carl doing here? >> did the stock go up? >> what's going on? >>> when we come back, 401(k) retirement plans doubles in value over the last five years. how you can do even better th

icahn's plan. obviously mr. icahn does.ull up in the next month or so. they may need to do their own massive buy back again and you know what? both sides may win on this trade. >> yeah. i think this is really interesting. first of all, carl's right. a situation like this is absolutely absurd. carrying that much cash. they obviously have floated a small amount of debt on a relative basis. rates being where they are, they should be expanding it. one of the things that people might look to do, take advantage of the situation and just look to sell some puts on this. because effectively buy backs are the put to you. when you're selling a put you'll get support from buy back and from the hopes there might be one. so simply what i was looking agent today was telling the puts, you can get $25 for that. so you're capturing the stock price. the worst is you're compelled to purchase it and they're buying prices higher than that. i think that's a comfortable place to get in. also, if they're not buying back right now, that's probably o

and ebay mighting back against carl icahn.g that icahn has been at the forefront of misleading attacks against the board. the next guest says it is showing no signs of stopping. joining us is lawrence delevine, covering big money. big money. >> big money. >> i mean, you jumped it. i can't believe you did that. what a hash tag jerk. this is lawrence's first time -- he's a georgetown guy. >> i know. >> that's means 50% right now -- >> i'm scared. >> anyway. >> we're going to give him a nickname. and you jumped it. and there you go. big money is going to be his nickname. >> harvard is in front of georgetown. that's the way it works. >> i don't know what that means. >> let's get to -- let's get to big money story here at the point. activism, it seems like it's picking up. it seems like it's at new heights. is it? >> it's a huge day for activism and hedge funds in it. it's like the nba trade deadline. they have clearly established themselves as a major hedge fund strategy. >> they're outperforming. the money is going there. that em

icahn is pushing ebay to spin-off paypal. in a memo- the founder calls icahn's attacks false and misleading. the ceo of exxon mobile is speaking out about fracking for oil near his neighborhood. rex tillerson tells the wall street journal he joined a lawsuit that would block construction of a 160-foot water tower that supports a fracking project near the dallas suburb of bartonville. he claim's the project would lead to traffic with heavy trucks, create a noisy nuisance and the tower would be an eyesore. but says he's not against the actual fracking. after a rough week, bitcoin might be facing a full-out ban. west virgina senator joe manchin is calling for a complete ban of the digital currency. he sent a letter to treasury secretary jack lew and fed chair janet yellen, saying the currency is unregulated and allows illegal activity. earlier in the week, bitcoin's exchange, mt. gox, went offline after a series of cyber-attacks. customers lost about $350 million in bitcoins, with no solution for recovery. identity theft tops th

icahn's plan. obviously mr. icahn does.now what, apple may be full up in the next month or so. they may need to do their own massive buy back again and you know what? both sides may win on this trade. >> yeah. i think this is really interesting. first of all, carl's right. a situation like this is absolutely absurd. carrying that much cash. they obviously have floated a small amount of debt on a relative basis. rates being where they are, they should be expanding it. one of the things that people might look to do, take advantage of the situation and just look to sell some puts on this. because effectively buy backs are the put to you. when you're selling a put you'll get support from buy back and from the hopes there might be one. so simply what i was looking agent today was telling the puts, you can get $25 for that. so you're capturing the stock price. the worst is you're compelled to purchase it and they're buying prices higher than that. i think that's a comfortable place to get in. also, if they're not buying back righ

carl icahn is giving up in his quest to push apple to buy back more stock. tim cook telling the wall street journal that apple has bought back $14 billion more of the stock, bringing it closer to the girl -- the goal. they are recommending that shareholders vote against his for postal. he will have to abandon his shares there. tolook like hasbro was going fall. they missed estimates. they fell first as a years earlier. girls toys are faring pretty well, up 19%. the boy still falling 16%. people seem to be focusing on the girl sighed. tesla shares are trading once again at a record. there does not seem to be in the galvanizing news. be analyst did point to sales in europe and china as one of the reasons for the move upward. >> tesla mixing want to get a drivers license. you can dust off your countdown clock. we are closer to a debt ceiling agreedif congress is not by february 27. it could run out of cash. peter cook has the latest. it seems like the house republicans are meeting today around 5:30 p.m. are we any closer to a deal? goes is not so secret what on

trish regan will be speaking to carl icahn later today. the battle that keeps on going, men's wearhouse we think it's offer for juice of a bank. they rose their offer 10% to $1.8 billion, and could go .igher it is a battle that began in october when joseph a bank offered to buy men's wearhouse. out in silicon valley, the word is going on with the markets, it is time to cash in and go public. ipo to considering an just a number of companies .onsidering this ipo path with us now is jon erlichman. he is in los angeles. he broke the roku story. david menlo.is david, why is this happening now? >> the prime example is what happened with facebook and whats coming upf the blue with a valuation of $16 billion. anything along that kind of technology, people think they can get 2x, 3x of what they thought. new fundingived back in may. any idea why they did the ipo now? >> it may have less to do with those vc's meeting their money back now. it is more about the opportunity resented as the business gets bigger. we are seeing roku and the apple cast, ae,

. >> carl icahn him back down. he has a shareholder proposal to buy back $50 billion in stock this year. big pharma, big expectations. investors want to see even more growth from drugmakers. we will speak with a ceo. right step.he it cory johnson trains like an astronaut in zero gravity. we will tell you how you can take your own giant step. how cool is that? makers."o "market i am joined by tom keene. it really needed a fashion enthusiast. >> i am shifting from radio to tv. i woke up this morning i said where the blue bowtie. you will be gorgeousity. we're going to ask a guy who knows best -- this is a story that broke before we set out. carl icahn is declaring victory against our old. he has been pushing tim cook to buy back $50 billion worth of stock this year. no reasonhat we see to persist with our nonbinding proposal. the company is so close to fulfilling our requested target repurchase. it might also have to do within influential advisor recommending that they vote against this proposal. let's ring in tom gi

icahn got what he wanted. how big a fight?ve the pension fund, the new york city control, calipers, the iss saying, stop, let apple run the own money and manage the own. at the end of the day you want to see a tech giant do in the corporate world and global arena is get products out there. spend money getting iphone 6 out there. that's what they should be doing not necessarily to icahn. neil: -- shareholders should like him. he's the one at the table and looking after shareholders' interest. not so much management. i like carl icahn. >> you like ceos that don't spell out distressed babies. we'll find out from carl icahn himself whether he's calling if day. for the first time since the news icahn is talking on fox business face to face in a rare person-to-person chat. hear from the most feared man in america. kennedy: politics is full of lightening rods. immigration, domestic spying, or political dynasty. the mere mention of a word or name can create a political fire storm. maybe that's why rand paul was soaking the fire so ear

tim cook concedes buying back $40 billion of shares as carl icahn takes of victory lap. who holds the brains now? jay leno says goodbye after 22 years making way for jimmy fallin. will the tv ratings gold or a tune -- turnoff? countdown to the closing bell starts right now. liz: good afternoon. the last hour of trading on jobs friday. it is the perfect example of why you can never ever anticipate what stocks will do in spite of for "newsweek" in the throes of the disappointing jobs report and more on why but first, beyond what some stocks are doing, activation nearly 14 percent of the of record highs after the largest video game maker announced strong quarterly earnings. ghost:duty was the number one game helping to drive profits. activation and now at 14 up $2.44. expedient ed joyce said nice ride up today after beating fourth quarter expectations. moving up double-digit percentages $9.57 intraday climbing back up to the highs but not there yet. apple ceo tim cook showing his company needed a little love so he announced they have repurchased $14 billion worth of shares

maybe karl icahn is having an of fact.y can't have the big cash payment, he may win short-term. long-term, the company is extremely challenged. cheryl: is there an entry at all? first is great television. i want to bring back up the one-year chart. actually, year over year, is stock is up 141%. >> these have been incredible stocks. they were completely underappreciated. you have seen the re- broadcast. what this ccmpany is about is free cash generation. this is a rebroadcast. it is not just the network and it is not cable. there is also a merger and acquisition. it is almost unparalleled in any other industry. they will generate $2.05 per share. we could see this company easily trading of times. >> year to date 26%. >> absolutely nothing has transpired. cheryl: cumulus media. good old radio. here is the one-year chart. this stock has actually performed decently over the last year. >> another stellar performer last year. good old fashioned radio. at the margin, they will take some share. however, radio offers an incredible

title wealth management and the freeman, carl icahn is on fire.he right or a giant pain in the ass? >> the bins we are sitting. if you en ebay shareholder he brought up a lot of questions you want a definite answers to, it is no secret boards of directors often do things in trust and not looking up to the shareholder. >> might be both. shareholders are in -- some of the tactics that taken seriously, slipped ebay from p pal -- paypal, the letters saying the board needs to be taken out. liz: will pay pal, planning paypal's features like carol at the seahawks sitting in when the denver broncosswere conducting their game plan for the superbowl but maybe he did. >> carl icahn is about intimidation. corporate raider who started in the 1980s, he brought twa down, made money and thousands of people without a pension. this isn't going to happen. ebay and paypal will stay together or split apart. in my opinion they need to stay together. because there is synergy, and -- cheryl: if you look what he did with apple. relieves all of this, brought the shares up,

apple recommends that shareholders go against icahn's proposal.member, already committed to returning $100 billion to share holders by 2015. ann simpson, senior portfolio manager of investment at calpers which owns $1.6 billion of apple shares, agrees with apple and has a problem. >> those who like to consider the long term will be talking to the company and listening to the company and having that conversation. so tweets and twitters and facebook postings is really megaphone diplomacy. >> simpson says apple's focus should be on product innovation, development and the quality of the board, not financial engineering. she says icahn is a short term investor with a short term agenda. icahn firing back, saying that simpson's priorities are misguided. it is a shame, he tells me, that anne simpson is more interested in spewing pejoratives than improving corporate governance in this country which calpers is in a position to do. as for the criticism that he's a short term investor, icahn says he is often a long term holder as well. for example, he's own b

>> i am a big admirer of carl icahn. carl icahn has never come into a company without the other shareholders interest in mind. there is shareholder activist that is very selfish. i think ackman and others. recent examples of guys coming into jcpenney, loeb -- you say they are doing it for selfish reasons? >> sweetheart deals in and out are not in the interest of shareholders. carl icahn is very engaged. he has in mind the best interest of the entire shareholding group. this would have benefited everybody in the way he saw it. i am a big fan of his. this was an example of selfish and and selfish out. lex regardless. method any better than dan loeb or bill ackman? isalways better because he acting on behalf of of all shareholders. they can vote with their feet and leave activism or stay with it. in the case of dam bo, he came in and took a special sweetheart deal to come in with the shareholding. he tries it again and then leaves it on a special buyback that applies only to him. faithhen you see this >> benefited substanti

carl icahn is firing off harsh words today from either way -- ebay. we have james freeman from the most regional and also charlie gasparino. >> i don't care what they say i will interview him at 4:30 p.m. by go way. to you have an impression? [laughter] this is great material as a pre-interview carl icahn has a reputation to buy the stocks and then blows out like he did with apple but with ebay he really feels those running the company are running it into the ground. melissa: they always say that. they go long and loud. make a big splash. but this is his story every time. >> before we go along with carl icahn to trash the board members of ebay he has accused them remember they have made major contributions to the american technology industry. every business has conflicts but do you market -- manage them correctly? they accused the board member when they were selling stipe it did later sell for a much bigger price i am not knocking him he plays a useful bold but be careful before ww trash them >> i actually like marco lot but what i like about carl is

carl icahn, dutch speed skating analogy was forth because of this.wo hours the dutch have now risen atop the medal count, guys. this morning it was russia and it was the united states tied neck and neck. we had a speed skating event a couple hours ago. the dutch finished one, two, three. they now have 20 total medals. so the netherlands kicking butt there. speaking of smaller nations, guys. i actually have a trivia question for you. you were talking about the globe and trading the world earlier. so here's my question. can you identify the country that has this flag? let's show it. do you see this flag? >> the good thing is they put the name of the flag under the flag. we are all set. we are all in agreement that it's belarus. >> i would think canada. >> are we right? >> look. >> you know that ski jumper at the beginning of "wide world of sports," the agony of defeat? that's me right now. i'm the television version of that ski jumper, guys. the agony of defeat. it was belarus. the reason i brought -- yeah, we're shocking, right? was that they are 69th

icahn wrties - tim cook got a lot of flack for going to dinner with carl i can.hat does this say about the result of their conversation? >> i think they can both claim a little victory if carl icahn is backing off and he says he got what he wants and apple was able not to do is pushing for. the bigger context is that tim is -- tim cook has shown big shareholders that he can give them some of what they want. >> there was some aggressiveness , the notion that they purchased so much after the recent drop in the stock shows they were not just nibbling at this. many companies announce your buybacks and don't do them. >> it was during a time when the -- iphone sales came in a little less than people expected. year, david einhorn -- >> the same kind of thing. is when theyok initiated the big dividends. this is one of the largest buyback programs ever. there is something to be said for that. >> is this the end of icahn making a stir about apple? >> i would not err on the side of him being quiet about much. for the time being, it seems to be that way but if he gets to a p

activist investor carl icahn is turning pushy with ebay. last month icahn disclosed he has a 2% stake in the the internet company. now, his plan is to win two seats on ebay's board and force the company to separate from paypal. he also says, two directors currently on the board are working against ebay. ebay's management responded saying a constructive discussion about ebay and paypal is prefered rather than icahn's mudslinging attacks. activist investors make a push for big changes at the tribune company. the blue harbor group hedge fund owns two-and-a-half percent of the media giant and according the wall street journal, the fund is using its leverage to force the company to divest assets. men's wearhouse is toughening up its hostile takeover bid for jos a banks yesterday, mens wearhouse upped its offer to buy its rival by $6 per share -- to $63.50 per share from $57.50. that represents a premium over jos a banks closing price yesterday of $60.04. there is one caveat: jos a banks has to abandon its planned $825 million acquisition of eddi

icahn all kinds of things. the ebay story, they want to spin off paypal committee nervous about the things they're outlining today at the mobile world conference. he has a big stake in apple. that and much more. the closing bell, this is exciting, huge day, 15 minutes away. when these were not performing deeth-defying stunts in sochi, guess what they were doing in their free time. on the red-hot dating app "tinder" of course. those are my guys. a fox business exclusive that an app they are looking at. "tinder" founder and ceo is a geographically appropriate app for dating and it is super hot. weekdays are for rising to the challenge. they're the days to take care of busine. when possibiliti become reality. with centurylink as your trusted partner, our visionary cloud infrastructure and global broadband network free you to focus on what matters. with custom communicationssolut, dedicated support, we constantly evolve to meet your needs. every day of the week. centurylink® your link to what's next. ...return on i

carl icahn is getting personal, taking strikes at mark andreessen, board member of ebay. is really upset about is the whole thing that happened with skype. andreessen bought skype and flipped it to microsoft at a much better price, ripping off shareholders of value. >> skype was going to be sold by donahoe. who i think was either naÏve or asleep at the switch. i will say this now. if i had been on that board and my representatives have been on the board, andreessen would not have bought skype. >> does carl icahn have a point? >> he has been advising ebay. when you see mark andreessen buying those assets, it is a concern. it is a criticism not just to him, but to john donahoe. >> does this happen elsewhere in the industry? >> very unusual. if you are the shareholder of ebay, and you look at the value that skype was able to get in the open market, i think it is a great concern to ebay shareholders. there are assets at ebay that ebay is not monetizing. >> they bought skype for $2.5 billion, and shortly afterward, sold it for $8.5 billion. >> ebay sold it and did not make muc

carl icahn says he sees no reason to persist with the buyback proposal.y when the company is so close to the filling his requested to repurchase. yesterday they said they oppose his push. elliott garcetti is lobbying state legislators for an expansion of state tax credits for film and tv production. stemdea is to hollywood's exports of jobs to other parts of the country. the developer created the game flappy bird says that he is pulling the game from app store is because it ruins my simple life. the overnight sensation who made $50,000 a day was yanked from stores over the weekend. catch all the latest everyday at 1 p.m. and 6 p.m. on bloomberg west. now with the top trending stories is the senior john.r >> the trouble is to have a little -- the trouble seems to be too much tech support requests. looking forers are how to prepare for that. i love when one of these in,lines comment -- come six things you can do to make your day a success. leave your desk completely clear the night before, you get a good night sleep, you get up early, get a little exercise

billionaire activist carl icahn tweeting this proves again that activism works.does for him, what about others? what do twitter insiders really think about the future of their company? today they can literally leave the nest and cash in their stocks. do they fly the coop or sit pretty on the stock, is an even bigger judgment day just around the corner? plus, stressed out. we've all experienced it, but wait until you hear what high levels of stress hormones do to traders. it might just change the way you invest. "countdown to the closing bell" starts right now. ♪ ♪ liz: good afternoon, everybody, i'm liz claman. it is the last hour of trading. i want you to look at the nasdaq right now. it is very close to session highs. if both the nasdaq and the russell 2000 can finish the day in the green, it'll be the eighth day in a row, the longest winning streak in seven months. check it out, just off the highs of sessions, some real strength in technology today. conversely, the home builders are taking a bit of a hit. the punishing winter weather slamming the national asso

>> and activist investor carl icahn is still at .ing marc andreessen of putting his interests in front of shareholders. so how has it right in this case? is it icahn or an drdreessen? ea, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com anbe a name and not a number?tor scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: ranked highest in investor satisfaction with self-directed services by j.d. power and associates. save you fifteen percent or more on car insurance.ould yep, everybody knows that. well, did you know the ancient pyr

liz: the carl icahn question. >> yes.guys have to know he has had many meetings with carl icahn, in a way carl wanted management change before you came in at forest labs. >> that's right. liz: he got a seat on forest labs considerable time ago. he has been part of this for a while. he comes out a winner. what does he say to you? >> carl deserves to be a winner. he was the driving force behind a lot of positive change at forest. i think he really kept us as management focused on drivvng value for shareholders and he was a terrific shareholder. so he is very happy with this transaction. he put out a press release he tweeted, he really views it as one of the best pharma mergers in the last decade he. liz: cops out a financial winner certainly. some people argue that activist investors, i'm not saying carl is one of them, because he stays in stocks longer, contrary to what charlie gasparino callssyou a greenmailer. hi, carl. but some people argue that activist investors get in for the short term and pull out once they have ma

, icahn enterprises.ight. well, this is interesting stuff, guys, oxygen therapy, it's a $4 billion industry in the united states. many oxygen therapy patients are bogged down with the heavy oxygen containers but not by these. david: the medical technology company began trading after it went public and the stock fell after the ipo price. joining us is the ceo of info again. and the cfo. let me talk to us first. the ipo is mixed blessing because suddenly you're concentrated on the stock price but today it went down. is there something that went wrong that investors saw they didn't like, is that why it went down 3 1/2%? >> no we're really focused on the long term. we think there is market for patients that want to be active or mobile. david: but why do you think the stock went down a little today after the initial offering? >> there is some concern that maybe changes to medicare because so many people that purchase these, there is some concern out there. i think that is what david is hinting at. >> competiti

icahn's claims are dead wrong. the scuffle boosted shares by 2% to $57.34. >>> we have an update now on a story we told you about yesterday that "wall street journal" report detailing the hostile relationship between pimco co-chief executives bill gross and mohamed el-erian which culminated in el-erian's resz egg nation. now the "new york times" are reporting pimco's parent company are concerned and they are urging the firm to act on personnel issues at pimco to make sure that there are no more executive defections. >>> delta airlines making some big changes to its frequent flyer program. beginning next january, members of delta sky miles will rack up free miles and other rewards based on how much they pay for tickets, not how many miles are traveled. this could be good news for big-spending, first-class flyers and business travelers who often book flights just days ahead of a trip when tickets are the most expensive. >>> well, we know flying's expensive. so is buying a new car. but there's a growing trend in the a

. >> to other news. , e i con post -- carl icahn what did he have to say?we spoke for quite some time on "street smart" at 3:00, basically the letter comes out and criticizes the board for its conflict of interest. he singles out specifically two members of the board, mark drewsson and scott cook of intuit saying they have inherent conflicts of interest. >> back up and give people the lay of the land in terms of what is going on. carl icahn has a big investment in ebay. >> over a billion dollars today. he would like to see paypal be spun off from the company. he sees as very much a separate business that is growing very well on its own and would actually be better off in it could focus entirely on what it does and so he is pushing for these. >> probably makes more money for him because the spinoff would create more value according to carl icahn. >> theoretically. there is an annual meeting coming up in april. ahead of that meeting, carl is getting out in front of this story, i should point out, pimm, it's not necessarily new. people have talked about this f

one more headline from karl icahn. had to say about raising taxes on the rich in new york city. >> personally i know my friends will hate me, but, hey, there is a huge bar between the rich and the poor in the city. it would not kill them to pay a little bit more. i am not talking about the 250 guy, i'm talking about 10 million, 20 million, 30 million. >> yeah. stuart: correct, sir. judge andrew napolitano is here. >> i guess you and i will agree on this. it is absurd to suggest that taxes should go up just because someone can afford to part with a little bit of cash. the government wants more money. it is just an act of law at the coloring it owns a greater portion of our income. stuart: you are very articulate. >> as understanding -- stuart: he has $20 billion worth of wealth. we do not tax wealth. >> i guess he is talking about taxing wealth. if he is talking about taxing income, all he wants to do is raise the rates above a certain adjusted growth. this is a mayor deblasio suggestion. stuart: i do not think he was.

. >> we got another letter from carl icahn. >> and it is 9:00 and you can set your clock by these. >> and do you think that there is a coincidence of these that we go on the air at 9:00, and carl sends a letter every morning, and i don't want to spend a lot of money, but this is fun. this battle between ebay and the rapid response room if you will have from p.r. to ebay, and icahn won't stop, and of course as i have called him relentless and he goes on the say today, shareholders need to think seriously if they should re-elect the directors to the board and i don't buy the stuff in terms of the ebay's and why they are great directors and i won't be silenced by the the double double-speak, and the ebay public relations machine, and the ebay board is under denial based on what they have been watching. and most of it is focused on andresen and scott cook, and he has in the offices some very beautiful pictures, if you call them that of battles from years ago. and he is a historian. and he likes to watch other guys fight other guys. >> and if you put him and andreesen on the front page of

we are talking about the man this letter,enned carl icahn. always good to talk to you.e know you have taken aim specifically at some, including mark andreessen. why do you say they are not working in the interest of ebay? >> well, i have been through a lot of these over the last 30 or 40 years. i sent the letter, and i mean it. i have never seen one as blatant as this. you know, we have seen a lot of were but, i mean, if it not sad, it would be funny. this is one of the problem's with corporate governance in this country and why it is sort of dysfunctional. mark andreessen on the board of , and another we will talk about, they are two of the most respected and value driven leaders in silicon valley, and i sort of agree. i think they are respected and accomplished, and they are value driven leaders. the problem is the value driven, that i amfor those four. skype was going to be sold by donahoe, who, you know, i think at theer naÏve or asleep switch year, and he was going to sell skype, take it public and keep a big chunk for himself. instead, mark andreessen, on the ,oar