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...

Stock market today: Wall Street holds steady as calm returns following weeks of sharp swings

NEW YORK (AP) — U.S. stocks are holding relatively steady in quiet trading on Tuesday, offering a calm respite following weeks of sharp swings. The S&P 500 was 0.3% higher in early trading. It’s only 3.2% below its record set in July, but it’s been careening down and up...

Hedge fund investor snaps up UK's The Spectator magazine 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 publication, those involved in the sale said Tuesday. Millionaire Paul Marshall is...

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. ...