Icahn adds to winning streak

BILLIONAIRE Carl Icahn’s investment company, Icahn Enterprises, yesterday saw its shares jump in reaction to strong third-quarter results.

Stocks rose 6.5 per cent to $108.78 yesterday after the activist investor reported revenues of $15.7bn in the first nine months of the year, well up on the $11.4bn figure from the same period last year. It reported net income of $472m for the third quarter, compared to $84m for the same quarter in 2012.