By Allison Lampert, Rajesh Kumar Singh and Svea Herbst-Bayliss CHICAGO (Reuters) – Activist investor Elliott Investment Management told one of Southwest Airlines’ top unions it still wants to replace CEO Robert Jordan, according to a union memo seen by Reuters, even after the carrier pledged to shake up its board. Elliott, which owns 10% of…
LONDON (Reuters) – Amazon is facing a one billion-pound ($1.3 billion) collective lawsuit from British retailers who allege that the online marketplace misused their data to boost its own market share and profits. The British Independent Retailers Association (BIRA), an umbrella body grouping numerous small traders, was due to file the lawsuit on behalf of…
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(Reuters) -Gap raised its annual sales forecast and its first-quarter results beat market expectations, boosted by strength in its Old Navy and Gap brands as budget-strained Americans snap up its trendy denim bottoms and active wear apparel. Shares of the company surged 21% after the bell as the Banana Republic owner saw strong spring shopping,…
(Reuters) – A union representing flight attendants for American Airlines Group said on Thursday they are preparing to strike after contract negotiations with the carrier failed to produce an agreement this week. The Association of Professional Flight Attendants (APFA), which represents about 28,000 American Airlines flight attendants, said after a year of mediated talks with…
US stocks opened mixed on Thursday as Oracle’s troubling earnings report spooked investors despite the Federal Reserve’s dovish rate cut just a day earlier. The S&P 500 fell 0.3%, unable to hold Wednesday’s momentum near record highs, while the tech-heavy Nasdaq Composite retreated 0.7%, reflecting broader concerns about AI spending sustainability.
LONDON (Reuters) – Google parent Alphabet on Wednesday asked a London tribunal to throw out a mass lawsuit that accuses the tech giant of abusing its dominance in the online search market. The lawsuit – valued at up to 7 billion pounds ($9.3 billion) – is the latest case focusing on the business practices of…
The wireless module maker’s shares fell 11.7% in their Hong Kong debut and continued to slump the next day, but still trade at an inflated valuatio…
ASAP Finance has unveiled enhanced No Credit Check Loans up to $5,000, featuring Guaranteed Approval, Flexible Repayment Options, and Same-Day Depo…
AMSTERDAM (Reuters) – ASML shares briefly crossed the 1,000 euro ($1,084.30) mark for the first time on Monday, an all-time high, following positive research notes on top customer TSMC ahead of both companies’ earnings. ASML is the world’s biggest vendor of chipmaking equipment and Europe’s third most valuable company with a market capitalisation of 390…
