While you were sleeping: Icahn divests Apple

Thu, 28 Apr 2016

By Margreet Dietz April 29 (BusinessDesk) - Wall Street moved lower, giving up earlier gains, with Apple shares leading the turn after billionaire and activist investor Carl Icahn said he has sold his Apple stake. Shares of Apple slid, posting the second-largest percentage drop in the Dow as of 2.35pm in New York. “We no longer have a position in Apple," Icahn told CNBC's, noting Apple is a "great company" and CEO Tim Cook is "doing a great job." In 2.35pm New York trading, the Dow Jones Industrial Average fell 0.5 percent, while t...

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