Icahn’t pick stocks

Carl Icahn may not be gearing up for another fight with Time Warner’s management, but he can’t keep away from the stock. Just six months after failing in his bid to break up the media conglomerate, the former corporate raider is increasing his stake. During that period, Time Warner’s share price has fallen by more than 9%. With no immediate prospect of this bet coming good, Icahn faces a long wait. Since Icahn withdrew his attack in February, Time Warner has instituted several measures to boost...