Southwest Airlines Cuts Revenue Outlook
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CNBC - Business
Southwest Airlines adopts 'poison pill' to fend off activist Elliott Management
Southwest adopted a shareholder rights plan to fend off an effort from activist Elliott Management to oust CEO Bob Jordan and Chairman Gary Kelly. -
MarketWatch - Business
Southwest Airlines adopts ’poison pill’ after Elliott Management discloses 11% stake
Southwest Airlines Co. said Wednesday its board is adopting a limited-duration shareholder rights plan that is effective immediately and will expire in one year. -
CNBC - Business
Southwest Airlines shareholders puzzled by Elliott's activism can look to past campaigns for insight
Elliott Management's $1.9 billion stake in Southwest Airlines has raised concern among investors who value the company's steadfast culture. -
The Wall Street Journal - World
Private Equity's Diverging Deal Making and Fundraising Outlooks
Views on the industry often depend on which side of the market the firm occupies. -
ABC News - Health
Blazing hot surfaces are a danger for catastrophic burn injuries in the urban desert Southwest
Sizzling sidewalks and unshaded playgrounds are a danger for catastrophic burn injuries as air temperatures reach new summer highs in desert cities like Phoenix and Las Vegas -
CBS News - Top stories
Passenger complaints about airline travel surged in 2023
The figure marks the largest volume of air travel complaints by consumers since 2020, when airlines were slow to give customers refunds during the pandemic. -
The New York Times - Business
New Plan to Target Russia’s Oil Revenue Brings Debate in White House
Treasury officials want to impose penalties on tankers that help Russian oil evade sanctions. White House aides worry that risks making gasoline more expensive.Russia -
The Wall Street Journal - World
Indian Stock Market Outlook Looks Bright After Recent Elections
The outlook for India’s stock market performance in the coming decade is bright, buoyed by optimism about the country’s economic prospects after last month’s general election results, according to analysts. -
CNBC - Business
United Airlines is texting travelers live weather maps to explain flight delays
Even when it's bright and sunny, a thunderstorm hundreds of miles away can still disrupt flights.Travel -
ABC News - Top stories
Open on July 4th: Retailers and airlines. Closed: Government, banks, stock market
The Fourth of July holiday, also known as Independence Day, celebrates the Second Continental Congress’ unanimous adoption of the Declaration of Independence on July 4, 1776, a document announcing the colonies’ separation from Great Britain -
CBS News - Top stories
United Airlines texts customers live radar maps during weather delays
United says it's using AI to power the effort to keep customers apprised of factors affecting flight status.Travel -
Inc. - Business
A United Airlines Passenger Had a Terrible Experience. His Solution Was a Stroke of Genius
'I think it was empowering for people. We've all been there ...' -
The Wall Street Journal - World
Netflix, U.S. Companies Ask Canada Appeal Court to Stop Proposed Tax on Streaming Revenue
An industry group representing Netflix, Walt Disney and other U.S. streaming companies has asked a Canadian court to stop plans by authorities to force them to fork over 5% of their sales in the country to help finance local broadcast news and ... -
The Wall Street Journal - Business
Netflix, Disney Ask Canada Appeal Court to Stop Proposed Tax on Streaming Revenue
Netflix, Walt Disney, and other U.S. streaming companies have asked a Canadian court to stop plans by authorities to force them to fork over 5% of their sales in the country to finance local broadcast news and other domestic content. -
CNBC - Business
Wilmington to Corpus Christi: The 10 best places to buy a beach house based on average home prices, rental revenue and more
Realtor.com and AirDNA ranked the top 10 places in the U.S. based on several factors including median home prices and expected yields. -
CBS Sports - Sports
Dream's Tina Charles embracing new leadership role, renewed outlook on basketball after brief retirement
Charles' love for the game brought her back to the WNBA, where she's been a valuable contributor on and off the courtUnited Kingdom -
CNBC - Business
U.S. crude oil posts fourth straight weekly gain on solid demand outlook
U.S. inventory data shows a tightening market, with crude stocks declining by 12.2 million barrels last week. -
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ABC News - World
EU commission approves Lufthansa purchase of long-troubled Italian airline ITA, with conditions
The European Commission has approved Lufthansa’s takeover of Italian airline ITA with conditions to protect competitionEuropean Union -
Financial Times - Business
British Airways owner IAG warns airfares must rise to fund carbon cuts
Company’s chief Luis Gallego expects cost implications of switch to cleaner fuel to hit passenger demand -
Inc. - Business
With One Simple Trick United Airlines May Have Cheered Up Customers Facing Weather-Delayed Flights
The airline hopes to improve customer satisfaction with a very indirect change to how it does business: giving people just a little bit more data, using buzzy AI tech, to explain weather-related flight delays. -
The Wall Street Journal - World
Fed Officials Signaled No Hurry to Cut Rates
The minutes of their last meeting suggested some are on alert for signs of labor-market deteriorationFederal Reserve -
The Wall Street Journal - World
Metal Prices Mixed; Gold Slips Slightly But Base Metals Rise
Base metals prices were higher while gold futures ticked lower but broadly holding ground, supported by rising jobless claims, which weighed on investor belief in a still-hot U.S. labor market, SP Angel said. -
The Wall Street Journal - World
Dollar Could Fall if Rate Cut Bets Rise
The dollar looks set to fall heading into next year as recent softer U.S. economic data could bolster market expectations for interest rate cuts by the Federal Reserve, MUFG Bank said. -
Financial Times - Business
ECB minutes reveal doubts over rate cut
Move to lower borrowing costs concerned many policymakers as inflation and wages moved in opposite direction -
The Wall Street Journal - World
Gold Futures Near Two-week Highs on Hopes for US Rate Cuts
Gold futures rose, nearing a two-week high, amid growing investor optimism for a U.S. interest rate cut. -
MarketWatch - Business
Open Text to cut 1,200 jobs as part of cost-saving plan
Open Text’s stock rallied Wednesday, after the enterprise-software company disclosed that it was cutting 1,200 jobs as part of a “business optimization” plan aimed at saving about $200 million a year. -
ESPN - Sports
Hendrick cuts sponsor after Hooters can't pay bills
Hendrick Motorsports has dropped longtime sponsor Hooters, saying the restaurant chain could not pay its bills amid reports that it closed more than 40 locations. -
VentureBeat - Tech
Gen AI’s impact on healthcare: Cutting-edge applications (and their challenges)
Generative AI is set to revolutionize healthcare. But it is fraught with many challenges, too. Experts discuss how we can bridge this gap. -
The New York Times - World
As Beryl Moves On, Ravaged Islands Assess the Devastation
The hurricane caused destruction across the Caribbean, but some were relieved that it hadn’t been worse. -
MarketWatch - Business
Saudi Arabia cuts Asia oil prices for second straight month
Looking at other importing regions, the oil producer instead increased its August prices for all grades for customers in northwest Europe and the Mediterranean. -
The Wall Street Journal - World
Saudi's Oil Price Cut to Asia Was Less Significant Than Predicted, DNB Says
Saudi Arabia’s price cut for its flagship Arab Light crude it sells to Asian customers was less significant than expected, according to DNB Markets. -
The New York Times - Business
Investors Bet on Rate Cuts as Recent Data Suggests Slowdown
Markets are expecting the Federal Reserve to make roughly two reductions of a quarter-point each this year. -
CBS News - Top stories
Hiring in the U.S. slowed in June, raising hopes for interest rate cuts
Employers added 206,000 jobs last month and the unemployment rate edged higher to 4.1%. -
The Wall Street Journal - World
Nasdaq Rises After Jobs Report Keeps Rate Cuts in Play
The S&P 500 and Nasdaq Composite were poised to hit fresh closing peaks, after reaching new records ahead of the Fourth of July holiday. The Dow industrials were roughly flat. -
The New York Times - Business
What June Jobs Report Could Mean for Interest Rates
As unemployment ticks up and wage growth cools, Federal Reserve officials are watching for signs that the job market is about to crack. -
The Wall Street Journal - World
Cooling Labor Market Sets Up Debate Over September Cut
There probably wasn’t anything alarming enough in Friday’s report to lead Fed officials to put a July rate cut on the menu. But the latest reading suggests a labor market continuing to loosen, much as the central bank anticipated. -
Inc. - Business
A Defense Industry Entrepreneur Who Took a Pay Cut to Hire Top Talent
This founder runs a $25 million business and makes saving money--and living below his means--a priority. -
The Wall Street Journal - World
Weak Labor Market to Offer Bank of Canada Comfort on July Rate Cut
A weak employment report for June should provide comfort to the Bank of Canada about following up June’s interest rate cut with another reduction in July, says CIBC Capital Markets. -
CBS News - Top stories
June jobs report signal possible interest rate cut later this year
The U.S. added 206,000 jobs in June and the unemployment rate rose to 4.1%, according to new data from the Labor Department's Bureau of Labor Statistics. CBS News senior business and technology correspondent Jo Ling Kent breaks down the numbers ...