Tesla, UPS, Hasbro and Southwest rise premarket; Boeing and IBM fall – Investing.com
Investing.com — U.S. stocks rose modestly on Thursday, following Wednesday's decline marked by rising yields and declines in big tech stocks. Here are the biggest stocks moving U.S. stocks in the premarket today. tesla (NASDAQ:) Shares rose 13% after the electric vehicle manufacturing giant posted better-than-expected third-quarter profits and said it expected deliveries to increase […]
Israel’s military expands invasion into south-west Lebanon | BBC News
Israel is expanding its ground invasion of Lebanon against Hezbollah, sending thousands of additional troops into a new zone in … source
Activist investor Elliott takes Southwest fight to shareholders, nominates eight directors
Elliott Investment Management is calling for a special stockholder meeting to take the fight to Southwest Airlines to investors and vote on new director candidates who will ultimately steer the company's strategy. Elliott has taken the highly unusual step of convening the meeting, which it has been telegraphing for weeks after concluding that the airline's […]
New poll shows who Hispanics are backing in southwest swing states
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Southwest raises revenue forecast under pressure from activist Elliott
Southwest Airlines raised its third-quarter revenue forecast, approved $2.5 billion in share buybacks and announced plans to buy back a large number of its businesses as it continues to face pressure from activist hedge fund Elliott Investment Management. announced changes. The company says its business plan will generate an additional $4 billion in pre-interest and […]
Activist Elliott slams Southwest CEO Bob Jordan as shares soar 7%
Activist hedge fund Elliott Investment Management said Thursday that Southwest Airlines' Bob Jordan is to blame for Southwest Airlines' financial woes, hours after the struggling airline raised its profit and revenue outlook. He accused him of being the CEO. Elliott, led by billionaire Paul Singer, reaffirmed its intention to call a special meeting to remove […]
Southwest to end open seating for 2026 flights in business model shakeup
Frank Lorenzo, author of “Flying for Peanuts,” shares what he's learned in the industry on “The Claman Countdown.” Southwest Airlines on Thursday announced changes to its long-standing business model in hopes of reversing turmoil caused by declining profits and a sagging stock price. The Dallas-based airline said in a press release that it is pivoting […]
Southwest cuts service to and from Atlanta amid cost-cutting demands
Southwest Airlines is cutting flights to and from the world's busiest airport, another sign that the largest U.S. airline is making deep cost-cutting moves in the face of pressure from activist investors. The Dallas-based airline is reportedly drastically cutting flights to and from Atlanta's Hartsfield-Jackson International Airport and cutting 300 pilots and flight attendants serving […]
Southwest warns employees of ‘difficult decisions’ ahead: report
Jack Otter and panelists join “Barron's Roundtable” to discuss Southwest Airlines' decline in popularity and how to turn it around. Southwest Airlines has warned employees that “difficult decisions” are looming amid pressure from activist investor Elliott Investment Management to boost profits. The Dallas-based airline's chief operating officer, Andrew Watterson, said in a video to employees […]
Alaska Airlines flight blows out tires while aborting takeoff to avoid tarmac collision with Southwest plane
Two planes narrowly avoided disaster on the runway at Nashville International Airport Thursday morning, authorities said. According to the Federal Aviation Administration, Alaska Airlines Flight 369 suffered a tire blowout while attempting to avoid a collision with Southwest Airlines Flight 2029 on the runway around 9:15 a.m. According to Flightradar24, the Alaska Airlines plane It […]