Carl Icahn isn't having such a hot year. Shares of Icahn Enterprises are down 50 percent this year "as investors have backed away from their initial enthusiasm for the activist investor." [NYP]
Waste Management has upped its bid for rival Republic Services to $6.73 billion. [WSJ]
SocGen has closed its arbitrage trading group. [Bloomberg]
Fortress is handing its star trader, Adam Levinson, a $300 million stock grant to keep him at the firm. [WSJ]
UPS is in talks to acquire a European rival, TNT, for as much as $15 billion. [Reuters]
Steven Spielberg and David Geffen may announce a plan to set up a new studio as soon as this week. [Reuters]
More on UBS's announcement on Friday that it will buy back nearly $20 billion in auction-rate securities from investors. [Dealbook]
Wall Street's new " increasingly ambitious beat cop," Andrew Cuomo. [WSJ]
