Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

The Latest Breaking News from Elliott

Southwest Airlines Faces Major Overhaul Amid Investor Pressure

Southwest Airlines is making strategic changes, including discontinuing open seating and potential introduction of bag fees, in response to financial chall...

Top News

Southwest shakes up board after coming under pressure from big shareholder

Southwest Airlines will revamp its board and the chairman will retire next year, but it intends to keep CEO Robert Jordan after a meeting with hedge fund Elliott Investment Management, which has sought a leadership shakeup at the airline including Jordan’s ouster

The Independent UK

Elliott, unlike Thames Water’s board, sees the inevitability of debt writedowns

Hedge fund’s reported purchase of £1bn of bonds at a big discount suggests growing realism about company’s future

The Guardian - UK

Nvidia’s results will be ‘the most important tech earnings in years,’ predicts tech bull Ives

On Wednesday, investors will find out whether bulls like Dan Ives or bears like Elliott Management are right about AI demand when the chipmaker updates the market.

Fortune

Read news from The Economist, FT, and more,
with one subscription

Former United Airlines CEO: Activist investors are wrong about Southwest. Running an airline requires more than just financial acumen

'Replacing executives at this critical juncture could disrupt the momentum and stability that Southwest needs to implement changes,' writes Oscar Munoz.

Fortune

Stock Market Today: Dow Gains 242 Points After Encouraging CPI Data

The Nasdaq Composite ended flat, though, as Alphabet sold off on more regulatory woes.

Kiplinger

Southwest Gears Up for Proxy Fight With Elliott Investment

Elliott Investment is seeking major changes at Southwest Airlines, including several board seats. Here's what a proxy battle could mean.

Kiplinger

Ousted Starbucks CEO will get millions on the way out

The coffee chain hasn’t disclosed outgoing CEO Laxman Narasimhan’s termination agreement, but he has millions on the table to smooth his exit.

Fortune

Elliott Investment Management Launches Proxy Fight With Southwest Airlines

Elliott Investment Management challenges Southwest Airlines' board due to performance issues, proposing significant changes.

Top News

Firm says Nvidia's skyrocketing AI valuation is in a 'bubble' and 'overhyped' — Elliott says AI apps are not viable

Elliot Management follows Sequoia Capital's assessment that AI is overhyped, which makes Nvidia's stock a bubble.

Tom’s Hardware

Nvidia: Tech stocks take a pounding as hedge fund Elliott warns AI is in ‘bubble land’

Intel suffers its single biggest one-day drop in decades, as sentiment sours amid overextended valuations and a darkening economic outlook.

Fortune

Get all your
news in one place.

100’s of premium titles.
One news app.

Fortune

Southwest's Gary Kelly is fighting off an activist bid with a poison pill after piloting the airline through COVID

Elliott Management is seeking to oust CEO Bob Jordan and Kelly after disclosing a $1.9 billion stake.

The Independent UK

Southwest Air adopts 'poison pill' as activist investor Elliott takes significant stake in company

Southwest Airlines has adopted a ‘poison pill’ following activist investor Elliott Investment Management taking a significant stake in the company

Kiplinger

Stock Market Today: Stocks Close Higher Ahead of Fed, May CPI

Monday was a quiet session for the main indexes but this week's Fed meeting and a key inflation update could create fireworks.

The Independent UK

An investment firm has taken a $1.9 billion stake in Southwest Airlines and wants to oust the CEO

Activist shareholder Elliott Investment Management has taken a $1.9 billion stake in Southwest Airlines and wants to get rid of the CEO

Get all your
news in one place.

100’s of premium titles.
One news app.

Kiplinger

Southwest Airlines Stock Soars on Elliott Investment Stake

Elliott Investment Management revealed a massive stake in Southwest Airlines and plans to push for several changes. Here's what you need to know.

Kiplinger

Does Activist Investing Work? These Success Stories Say Yes

Activist investors take stakes in companies to boost shareholder value. While not always successful, these five examples show activist investing can work.

The Guardian - UK

Anglo American rejects £31bn takeover offer from mining rival BHP

All-share proposal had potential to be one of biggest deals in sector for decade but deemed ‘opportunistic’

Evening Standard

Strong Currys sales raise prospect of new bids

Two would-be buyers withdrew from the running to buy Currys last week, but analysts said new bids could emerge

The Guardian - UK

US investor Elliott ends bid to buy UK retailer Currys

Bidder says multiple attempts to engage with high street group’s board were rejected

The Guardian - UK

Reddit aims for $6bn stock float; bitcoin at new record high – as it happened

Live, rolling coverage of business, economics and financial markets as exchange-traded funds help bitcoin rally above $71,800

Evening Standard

FTSE 100 Live: Index closes up 0.1% after late rally ahead of tomorrow's jobs data, Currys bidder withdraws

Markets are digesting what the latest jobs and wages figures mean for the prospect of interest rate cuts, as ONS figures showed unemployment ticked up to 3.9% but annual wage growth remains higher than the Bank of England’s liking at 6.1%.

1 2 3 4 5

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.