Carl Icahn and Bill Ackman, two of the country's richest men, have been engaged in a long-time rumble, most recently over diet pill maker Herbalife. But on Friday, the conflict heated up when Icahn unloaded on Ackman on CNBC.
Stocks closed sharply higher Monday with the Dow Jones posting a triple-digit gain as technology stocks rallied after Intel raised its dividend and expanded its share repurchase program by $10 billion. The index last saw 12,000 in June 2008 -- on the way down.
Shares of J.C. Penney have surged as much as 16.8% since activist investor Bill Ackman%u2019s Pershing Square Capital Management disclosed Thursday that it had purchased a 16.5% stake in the struggling retailer.