Investment Fund Helmed by Carl Icahn Facing an S&P Cut to Junk

Shares of Icahn Enterprises, L.P. (IEP) plunged11% in afternoon trade Friday, after Standard & Poor’s warned it may place Carl Icahn’s investment holding firm to junk status because of significant declining investment values in the firm’s portfolio in the last few months. IEP has lost “at least $1.4 billion in value” since Sept. 30, the […] View the full post at: Investment Fund Helmed by Carl Icahn Facing an S&P Cut to Junk Related posts: Carl Icahn Doubles Stake in Lions Gate S&P Downgrades 15 More Co.’s to Junk in June Carl Icahn Lowers Stake in Yahoo! to 4.48%