♦ The Big Three automakers are putting finishing touches on new business plans to take to Congress this week, part of a last-ditch effort to secure a federal bailout. [WSJ, Bloomberg, NYT]
♦ Shoppers spent $41 billion over the four-day weekend, up 7.2 percent from the year before. That was better than expected, but…
Jerry Yang's least favorite investor bought nearly seven million more shares of YHOO. BoomTown reporter Kara Swisher did my homework for me again: Todd Bradley, head of H-P's $28 billion Personal Systems group, has been added to the list of potential Yahoo CEOs. Just to keep things complicated, the board my appoint an…
♦ Horror of horrors: The average Goldman partner may take home a bonus of $1 million or less this year. [FT]
♦ One of Goldman's flagship hedge funds, Goldman Sachs Investment Partners, has lost close to $1 billion since January. [FT]
♦ UBS posted a third-quarter profit, but it still laid off 700 U.S.-based…
♦ Treasury officials say as many as 1,800 institutions may apply for government investments in the next few weeks. [WSJ]
♦ GM hasn't been so lucky extracting cash: The Treasury has turned down a request by the automaker for $10 billion to help finance a merger with Chrysler. [NYT]
♦ Henry Kravis's KKR is delaying…
Billionaire Carl Icahn has said he's selling his 177-foot yacht for $37.5 million to trade up to an even bigger boat. Well, this might just be a the bargain he's looking for: Saddam Hussein's former palace at sea, the Basra Breeze, is now on sale for $31 million. That's not all that much money considering the 272-foot…
♦ Bill O'Reilly has signed a new four-year contract with Fox News worth $10-12 million a year. There is good news, though: His radio show may be coming to an end. [NYDN]
♦ More bad news for Harvey Weinstein: A handful of senior execs at The Weinstein Co. have announced their departures. [THR]
♦ How are monthly…
♦ Bad day ahead? Stocks fell sharply in Europe and Asia overnight and ugly corporate earnings have investors worried. [MW]
♦ Wachovia, which is being acquired by Wells Fargo, reported a third-quarter loss of $23.9 billion. [Bloomberg]
♦ Yahoo says it will lay off 10 percent of its work force. [NYT]
♦ Federal…
The Post followed up over the weekend on our scoop last Friday that Carl Icahn is in the process of selling his 177-foot yacht for $37.5 million. Despite the fact he's taken a beating in recent months—his Icahn Enterprises is down 76 percent this year and he's lost a fortune with investments in Motorola and…
You probably won't find Carl Icahn reclining in a chaise lounge in the Caribbean this winter—at least not on the deck of his 177-foot yacht. In a grim reminder that even billionaires are feeling the pinch of the recession, this week Icahn put his boat up for sale for $37 million.
It's not often in life that you have to share a cordial dinner with someone who just a few months before publicly called for your job. But that's what Yahoo CEO Jerry Yang gets to do tonight. Back in June, corporate raider Carl Icahn said that if he were to be given control over Yahoo, he would "hire a talented and…
New York's third-richest resident, Carl Icahn, is weighing in on the events of the past few days on his blog. He's not in a very good mood, not surprisingly, but he's particularly peeved about the sweet payouts that CEOs of failed financial institutions are set to receive, despite the fact that shareholders will get…
Carl Icahn has returned to blogging after a two-week absence. And he has a new punching bag, too, uber-lawyer Marty Lipton. Welcome back, Carl. Glad to see you're well-rested after your vacation at sea. [Icahn Report, Dealbook]
Carl Icahn's proxy battle is officially over, with Icahn adding former Nextel CEO John Chapple and former Universal Studios chairman and CEO Frank Biondi to his minority position on Yahoo's board according to an announcement from the company. "We are pleased to add people of Frank’s and John’s caliber to our board,"…
With former AOL CEO Jon Miller out of the running, thanks to Time Warner's last-minute meddling, sources with knowledge of the situation say they expect corporate raider Carl Icahn to name former entertainment executive Frank Biondi and former advertising executive Edward Meyer to Yahoo's board. [BoomTown]
