Carl wins

Investor Carl Icahn said Canadian authorities have invalidated Lionsgate En tertainment Corp’s poison pill, designed to thwart his $7-a-share hostile bid. Lionsgate urged share holders to vote for the plan at its May 4 share holder meeting.

CIT surprise

CIT Group posted a sur prise first-quarter profit of $97.3 million, or 49 cents per share, its first full- quarter after exiting from bankruptcy protection in December; analysts had forecast a loss of 25 cents per share.

IBM buys

International Business Machines Corp. will spend $8 billion on share repurchases on top of the $2 billion remaining in its previous buyback plan.

DreamWorks

DreamWorks Anima tion SKG Inc. posted first- quarter profit of $21.7 million, or 24 cents a share, down 65 percent from $62.3 million, or 71 cents a year ago, on a 39 percent decline in reve nue.

Lazard loss

Lazard Ltd. posted a first- quarter net loss of $33.5 million, or 38 cents per share, down from last year’s $53.5 million loss.