Stock market today: Wall Street drifts as Oracle soars and banks and oil slump

NEW YORK (AP) — U.S. stocks drifted to a mixed finish on Tuesday following several weeks of sharp swings. The S&P 500 rose 0.4% to pull within 3% of its record set in July. It flipped between small gains and losses through the day, but the moves were nothing like its careens...

Southwest Airlines shakes up its board under pressure from a big shareholder

Southwest Airlines will revamp its board and the chairman will retire next year, but it intends to keep CEO Robert Jordan in a partial concession to hedge fund Elliott Investment Management, which has been pushing for changes at the airline including Jordan’s ouster. Southwest said...

Hedge fund investor buys UK political magazine The Spectator for $131 million

LONDON (AP) — A hedge fund investor has bought The Spectator, one of the world's oldest political magazines, for 100 million pounds ($131 million) after a months-long search for a new owner for the British publication, those involved in the sale said Tuesday. Millionaire Paul...

Behind the nonprofit helping a diverse new generation of culinary professionals heat up New York

NEW YORK (AP) — A side of beef bigger than a classroom desktop sat before high school students huddled around a kitchen on New York's Lower East Side. “Anyone wanna jump in?” asked the butcher teaching the Tuesday afternoon class. One student dared, grabbing a sawblade about as long as his...

Hedge fund Elliott Investment Management steps up pressure on Southwest Airlines' management

DALLAS (AP) — Elliott Investment Management, a hedge fund urging Southwest Airlines to dump its CEO and chairman, said Tuesday it has acquired enough of the company's stock to call a special meeting of shareholders. The move gives Elliott, the Paul Singer-led investment fund, more...

Lebanon's former central bank governor detained in corruption probe

BEIRUT (AP) — Lebanon's controversial former central bank governor was detained Tuesday after being questioned in several corruption cases, according to three judicial officials. Salameh served a 30-year term as central bank governor beginning in 1993. Though he was...

Inflation in the 20 EU countries that use the euro falls to 2.2%, opening way for a central bank rate cut in September

Canadian Imperial Bank: Fiscal Q3 Earnings Snapshot

TORONTO (AP) — TORONTO (AP) — Canadian Imperial Bank of Commerce (CM) on Thursday reported fiscal third-quarter profit of $1.3 billion. The Toronto-based bank said it had earnings of $1.33 per share. Earnings, adjusted for non-recurring costs, were $1.41 per share. ...

Warren Buffett's firm sells another $1 billion of Bank of America stock but still holds almost 12%

OMAHA, Neb. (AP) — Investor Warren Buffett's company has unloaded more of its Bank of America stake, selling nearly 25 million shares worth almost $1 billion over the past week. Berkshire Hathaway has steadily sold off 116 million Bank of America shares since July. But it still...

Royal Bank: Fiscal Q3 Earnings Snapshot

TORONTO (AP) — TORONTO (AP) — Royal Bank Of Canada (RY) on Wednesday reported fiscal third-quarter net income of $3.27 billion. The bank, based in Toronto, said it had earnings of $2.26 per share. Earnings, adjusted for non-recurring costs, came to $2.38 per share. ...