Briefs: Carl Icahn Buys Stakes in Alcoa, Alcan, Motorola

Summary


Billionaire investor Carl Icahn reported on Tuesday that his fund has taken significant stakes in aluminum companies Alcan Inc. and Alcoa Inc., which had previously held discussions on merging. Icahn Management LP reported in a filing with the Securities and Exchange Commission its holdings as of June 30, which included a 3.52 million share stake in Alcoa and a 1.18 million share stake in Alcan. The fund also reported its stake in mobile phone maker Motorola Inc., which came to 69.1 million shares when combined with Icahn's individual holdings disclosed in a separate filing. Icahn said in May that he and affiliates owned more than 68 million Motorola shares, or a roughly 3 percent stake.

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Briefs: Carl Icahn Buys Stakes in Alcoa, Alcan, Motorola

Bethel Park, Mt. Lebanon and Peters officials have approved cable TV franchises for Verizon, which plans to start its FiOS TV service later this year in Western Pennsylvania. The agreements that the three south suburban communities approv...

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