Latest Carl Icahn News

The damaged exterior of the former Trump Plaza casino is seen in Atlantic City, N.J., Thursday, June 11, 2020, where pieces of the building have broken loose and crashed to the ground. Today the city announced that Carl Icahn, the billionaire investor who owns the building, has filed plans to demolish it within a year, but the city wants it down sooner than that. (AP Photo/Wayne Parry)

Carl Icahn wants to raze a former Trump casino. But when?

Jun. 11, 2020 2:07 PM EDT

ATLANTIC CITY, N.J. (AP) — Billionaire investor Carl Icahn has filed plans to demolish a former Atlantic City casino built by Donald Trump before he was president, but Icahn and the city have not yet agreed on when the towers will come down. Mayor Marty Small held a news conference Thursday to announce...

FILE - In this May 6, 2020, file photo, a Hertz car rental is closed during the coronavirus pandemic in Paramus, N.J. Hertz filed for bankruptcy protection Friday, May 22, 2020, unable to withstand the pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company's business. (AP Photo/Ted Shaffrey, File)

Debt and coronavirus push Hertz into bankruptcy protection

May. 23, 2020 12:29 AM EDT

Hertz filed for bankruptcy protection Friday, unable to withstand the coronavirus pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company's business. The Estero, Florida-based company's lenders were unwilling to grant it another extension on its auto lease debt...