Carl Icahn

Yahoo's embattled co-founder Jerry Yang is off the board, but for disgruntled investor Third Point LLC, that's not good enough. The hedge fund with a 5.2% stake in Yahoo wants to take down Chairman Roy Bostock and potentially three other directors.

Google's purchase of Motorola Mobility -- its largest acquisition ever -- paves the way for the search giant to enter the smartphone business directly. Here, we survey the likely outcomes of the deal, telling you who will benefit and who stands to lose.

Blockbuster on Monday kicked off the confidential auction process that will decide its future. Billionaire Carl Icahn and others have bid for the troubled video-rental chain.

The technical signs suggest we're at a crucial point for stocks: Either a decisive rise or a dramatic fall is coming. And if you're the type to dismiss technical analysis as unscientific voodoo, you're missing the point: It's not about pattern matching, it's about human psychology.

On the eve of the bull market's second anniversary, billionaire investor Carl Icahn had an unsettling message for his investors: Take your money back. Icahn told investors in his hedge funds that he didn't want to be responsible to them for "another possible market crisis," especially given the...

Bankrupt video-rental company Blockbuster may put itself up for sale as early as next week, The Wall Street Journal reported Thursday. The company had previously planned to reorganize, but creditors couldn't agree on a plan to restructure its debt.

Blockbuster has nearly run out of money again. It wants its bondholders to put up more capital as it wrestles to exit Chapter 11. If some of the bondholders balk, Blockbuster will almost certainly be sold off in parts. But what exactly does it have left to sell?

Last week, power-plant operator Dynegy agreed to be acquired by top shareholder Icahn Enterprises for about $665 million. But Dynegy's second-largest shareholder, hedge fund Seneca Capital, rejected the bid, calling it "the wrong price at the wrong time for the wrong reasons."

Power plant operator Dynegy has agreed to be acquired by Icahn Enterprises for $5.50 per share in cash, or about $665 million. Dynegy has about $3.95 billion of outstanding debt, net of cash. The agreement follows a recent failed bid from private equity giant The Blackstone Group.

The smartest money on Wall Street may be at the top hedge funds, whose investment managers are paid billions a year to beat the market. Those gurus only take big money clients, but you can follow their lead: DailyFinance has the 10 best stock picks of the 10 highest-paid hedge fund managers.