The U.S. Securities and Exchange Commission announced charges against billionaire Carl C. Icahn and his publicly traded company, Icahn Enterprises LP (Nasdaq: IEP), for failing to disclose personal loans worth billions of dollars that were secured using securities of IEP as collateral. IEP and Icahn agreed to pay $1.5 million and $500,000 in civil penalties, respectively, to settle the SEC’s charges.

Billionaire Carl Icahn Pays $2 Million to Settle SEC Investigation

According to US regulators, billionaire investor Carl Icahn and his company Icahn Enterprises LP (IEP) have agreed to pay $2 million in penalties after settling with the US Securities and Exchange Commission over the alleged failure to disclose pledging most of IEP’s securities in personal margin loans. The activist...

Caesars Activist Investor to Pay $2M to Settle SEC Charges

Billionaire Carl Icahn and his company were charged by U.S. regulators with failing to disclose personal loans worth billions of dollars that were secured using securities of Icahn Enterprises as collateral. Icahn Enterprises and Icahn have agreed to pay $1.5 million and $500,000 in civil penalties, respectively, to settle the...

US settles with billionaire Carl Icahn for using company to secure personal loans

Your article was successfully shared with the contacts you provided. Billionaire Carl Icahn and his investment firm have agreed to pay $2 million to settle with the U.S. Securities and Exchange Commission after an investigation by the regulator. Icahn is being fined $500,000 and Icahn Enterprises LP will pay $1.5...

Icahn Reaches $2M SEC Settlement After Margin Loans Probe

Billionaire investor Carl Icahn and his firm Icahn Enterprises have settled charges for failing to disclose pledges of the company’s securities as collateral for billions of dollars in personal loans, US regulators said Monday.

Investor Carl Icahn charged with hiding billions in loans

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Ohio State

The Lantern

On Tuesday, licensed Ohio dispensaries began legally selling non-medical marijuana to consumers; however, the drug’s possession, growth and/or usage are still prohibited on Ohio State’s campus. Credit: Jefferee Woo/Tampa Bay Times/TNS [Original caption: Four citizen-led petitions with proposals to update Dallas’ charter hit the 20,000 valid signature threshold to make it on the Nov. 5 election ballot, including one that would ban police officers from arresting or citing people carrying less than four ounces of marijuana.] As of Tuesday, students 21 and older can now legally purchase marijuana in Ohio.

Dispensary sales of recreational marijuana began Tuesday; possession and usage still prohibited on Ohio State’s campus

Virginia State

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Kentucky Vibes.net

Disclaimer: This article was written with the help of A.I. software. On July 28, 2024, a TikTok video posted by Erica W., known as @tasteofmelanin on the platform, garnered significant attention after she exposed disturbing racist decorations in an Airbnb rental. The incident occurred in a rental property that Erica had booked, although the exact location remains unspecified. The video has since gone viral, prompting widespread concern and leading to the removal of the listing from Airbnb's platform.

Airbnb Listing Taken Down After Black Woman Finds Hanging Monkeys and Cotton Used As Decor

Florida State

Jacksonville, FL

Jacksonville Today

Jacksonville Sheriff T.K. Waters said he will consider more DUI patrols if voters legalize recreational marijuana use in Florida. Voters will consider Amendment 3 in November. It would allow adults 21 or older to possess, purchase or use marijuana products and marijuana accessories for non-medical purposes.

More DUI patrols possible if marijuana issue passes

Bill Ackman failed to launch a publicly-traded investment fund earlier this month. He typically keeps a highly concentrated portfolio of a few high-conviction stocks. These three companies all have strong competitive advantages, but not every one looks like a buy right now. You can still follow Bill Ackman's trades. Here...

Billionaire Bill Ackman Has 60% of His Hedge Fund's $10 Billion Portfolio in Just 3 Stocks

Axios

Media executive Edgar Bronfman Jr. has teamed up with "Baby Geniuses" producer Steven Paul on a $4.3 billion offer for Paramount Global's parent, Axios has confirmed. Why it matters: The last minute bid could scuttle Paramount's $8 billion agreement with Skydance Media and adds another twist to an already chaotic sale process.

Bronfman submits $4.3B bid for Paramount parent

New York Post

Chipotle Mexican Grill’s future may not be as bumpy as some shareholders fear upon the departure of CEO Brian Niccol, investors said.

The burrito chain lost almost $6 billion in stock market value on Tuesday after it announced that Niccol will depart at the end of this month to become CEO of Starbucks. 

But Chipotle’s chief operating officer, Scott Boatwright, will serve as its interim CEO, and some investors said he will provide a steady hand.



On Thursday, hedge fund manager Bill Ackman, whose Pershing Square Capital Management is one of Chipotle’s biggest investors with a 2.1% stake, said the company is in good hands with the team put in...

Bill Ackman, other investors still in the mood for Chipotle after star CEO leaves

Straight Arrow News SANcom

Can Frosters and Slurpees coexist? What about Polar Pops and Big Gulps? We may soon find out thanks to a giant of an offer.

7-Eleven gets buyout offer from owner of Circle K

Business Insider

Ho's stake in the newly-public company is worth nearly $70 million. Bloomberg estimates his family's fortune at $13 billion.

Meet the 29-year-old son of a casino billionaire who just took his influencer and esports company public

TheStreet

Her flagship Ark Innovation ETF has sunk 21% year to date.

Cathie Wood buys $59 million of pummeled tech stocks

The Motley Fool

Some of the wealthiest investors own these three stocks for good reasons.

3 No-Brainer Billionaire-Owned Stocks to Buy Right Now

Procter & Gamble blends dividend growth and consistent buybacks. High margins have helped offset sluggish volume growth. P&G is holding its ground despite pressures to cut prices. Procter & Gamble is a dividend stock that is worth paying up for today. It's been a volatile week or so for Procter...

Coca-Cola Is a Rock-Solid Dow Dividend Stock, but So Is This Dividend King That Plans to Pay $10 Billion in Dividends Over the Next Year.

Spending on artificial intelligence is forecasted to grow by the hundreds of billions over the next several years. Fool.com contributor Parkev Tatevosian compares Nvidia (NVDA -2.12%) and Palantir (PLTR -0.55%) to determine the best long-term investment to buy. *Stock prices used were the afternoon prices of Aug. 17, 2024. The...

Best AI Stocks: Nvidia vs. Palantir

Missouri State

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CJ Coombs

Denny's was once a staple of the American diner landscape. In recent years, it has had its ups and downs, especially post-pandemic. The dining habits of people also change. Some customers have a more discerning taste.

Denny's: a legacy of serving customers for over 65 years including 27 locations in Missouri

Portillo’s is feeling new pressure from an activist investor that has ideas on how to improve the company. Engaged Capital acquired shares worth 9.9 percent ownership, according to an SEC filing. The hedge fund has communicated with the chain’s board of directors and management team about “potential steps to unlock the intrinsic value” of the business. More specifically, that includes improving restaurant performance, increasing restaurant-level cash on cash returns, potentially changing who sits on the board of directors, and even exploring a sale.

Portillo’s Feels Heat from Activist Investor

NewsBreak

Icahn's $2 million \"whoopsie daisy\"

Billionaire investor Carl Icahn is no stranger to controversy, but it’s usually because he’s embroiled in corporate takeovers, not from being in hot water with the...

Icahn's $2 million "whoopsie daisy"

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