The Traderszone Network

Published in TZ Latest News 10 July, 2014 by The TZ Newswire Staff

Carl Icahn says ‘time to be cautious’ on U.S. stocks

“In my mind, it is time to be cautious about the U.S. stock markets,” Icahn said in a telephone interview. Icahn has been pressuring discount retailer Family Dollar Stores Inc to sell itself. On Thursday, Family Dollar said its profit fell by a third as it cleared inventory ahead of planned store closures and competition intensified. Icahn, Family Dollar’s largest shareholder with a 9.4 percent stake, wants the company to sell itself to rival Dollar General Corp to help them cope with stiff competition from big-box retailers such as Wal-Mart Stores Inc.