UPI News

Southwest Airlines said Wednesday it decided to adopt a limited-duration shareholder rights plan that will expire in one year. It's an attempt to stop a hostile takeover by Elliott Investment Management L.P.

Southwest Airlines approves 'poison pill' as Elliott Investment gains more shares

Stocks climbed Wednesday as Treasury yields retreated after a slew of economic data suggested decades-high interest rates are weighing on manufacturing, services, and hiring. The Nasdaq Composite rose 0.9% to close at a record for the 23rd time this year. The S&P 500 also hit a record after gaining 0.5%. The Dow Jones Industrial Average slipped 0.1%. U.S. markets closed at 1 p.m. ET and will remain closed Thursday in observance of Independence Day.

Markets News, July 3, 2024: Nasdaq, S&P 500 Climb to Fresh Records; Tesla Rally Continues

Business Times

Southwest Airlines has adopted a shareholder rights plan, commonly known as a "poison pill," in response to activist hedge fund Elliott Management's investment and its push to remove CEO Bob Jordan and Chairman Gary Kelly. The move underscores Southwest's determination to fend off the aggressive maneuvers of one of the world's most successful activist investors.

Southwest Airlines Adopts Poison Pill to Thwart Elliott Management's Activist Push

The company behind Donald Trump’s Truth Social just raked in a solid chunk of change. Trump Media & Technology Group on Tuesday said it took in more than $105 million through the cash exercise of warrants between June 20 and Monday, July 1. The company had previously said it expected to raise just $69.4 million from the warrants. If all the warrants covered by its registration statement are exercised for cash, Trump Media could eventually receive as much as $247 million.

Trump Media just got a $105 million cash infusion as it expects to keep losing money

Virginia State

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

Cheryl E Preston

Virginia fans of The Bold and the Beautiful, if you were watching earlier this week when Tom Star (Clint Howard died), you know that Li Finnegan (Naomi Matsuda) did not honor her Hippocratic Oath as a physician to "do no harm".

The Bold and the Beautiful shocker: Dr. Li Finnegan broke her Hippocratic Oath by watching Tom die

Malibu, CA

Business Insider

Laurene Powell Jobs has spent more than $170 million on four adjacent oceanside properties in Malibu since 2015, the Los Angeles Times reported.

Steve Jobs' widow, Laurene Powell Jobs, just spent $94 million on her 4th Malibu property in 10 years

The Motley Fool

Wall Street's most-chosen consumer brand has navigated its way through 10 stock splits and one stock dividend since its initial public offering (IPO) in 1919.

If You Bought 1 Share of Coca-Cola at Its IPO, Here's How Many Shares You'd Own Now

Drive-in fast food chain Sonic is adding its name to the meal deal wars with the launch of its $1.99 value menu, the company said in a statement on Monday. At a time when elevated levels of inflation force consumers to look elsewhere for better priced choices, Sonic is boasting that the introduction of its value menu will give customers “something different.”

Sonic is launching a $1.99 value menu as the meal deal wars heat up

California State

Microsoft reached a $14.4 million settlement with California’s Civil Rights Department to resolve claims that it discriminated and retaliated against women and disabled workers when they took protective leave. Suggested Reading. The department said that, during its four-year investigation, it found that Microsoft gave lower bonuses and unfavorable performance...

Microsoft will pay women and disabled workers $14 million to settle discrimination claims

Newark, NJ

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

Morristown Minute

NEWARK, N.J. – Eight individuals associated with the "793 Bloods" street gang, a subset of the national Bloods gang, have been charged for their roles in a Newark-based drug trafficking organization, U.S. Attorney Philip R. Sellinger announced.

Eight '793 Bloods' Gang Members Charged in Newark Drug Network

Independence Day, commonly known as the Fourth of July, is celebrated widely to commemorate the passage of the Declaration of Independence, in which 13 colonies formally declared separation from Great Britain. Suggested Reading. The holiday is marked by friends and family coming together to celebrate with barbecues, fireworks, and games,...

What stores are open and closed this July 4th?

Next TV

Two sides also reportedly agree to 45-day period during which NAI and the Redstone family can shop for better offers

David Ellison Forges New Agreement To Buy Paramount Holding Company National Amusements

Walmart recently partnered with drone delivery startup Wing to offer packages shipped same-day by air. There is a laundry list of hurdles to overcome in order for this to be a reality, from regulatory approval, technological integration, and simply making it cost-effective to operate. One of the hurdles that Walmart and Wing have recently stumbled over is gun owners. Last week a Florida man admitted to shooting down a Walmart delivery drone, which he claimed was surveilling him, with a 9mm pistol as it flew over his home.

People are shooting down Walmart delivery drones

Generation Z believes that the economy is so stacked against them that committing fraud is justified, according to a new report. Sift, an AI-powered fraud decisioning platform, released its Q1 report showing a third of Gen Z either knows someone who has committed first-party fraud or done so themselves. Sift...

Gen Zers think the economy is so unfair that fraud is OK

TheWrap

But NAI's controlling shareholder Shari Redstone might be setting off a bidding war ahead of Sun Valley
The post Paramount, Skydance Merger Is on Again in $2.4 Billion Deal appeared first on TheWrap.

Paramount, Skydance Merger Is on Again in $2.4 Billion Deal

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

Declutterbuzz

Why Depression Can Impact A Cluttered Home & Cluttered Mind sets out to explain the possible connection between depression and clutter. Scientists that study depression have found a link to depression playing a role in some folks.

Why Depression Can Impact A Cluttered Home & Cluttered Mind

United Airlines has figured out a new use for artificial intelligence, and that’s talking about the weather. The airline announced Wednesday that it will start using generative AI to text passengers links to live radar maps during flight delays, 75% of which are caused by the weather, according the Federal Aviation Administration.

United Airlines will use AI to text you about the weather

Philadelphia, PA

The Shenandoah (PA) Sentinel

SHENANDOAH HEIGHTS – Eight properties in William Penn and Brownsville are coming down as part...
The post Eight properties to be razed in Girard Estate demolition program first appeared on The Shenandoah Sentinel.

Eight properties to be razed in Girard Estate demolition program

Steve Ballmer went from being Bill Gates' assistant to his successor as Microsoft CEO, and now he's surpassed him in wealth for the first time.

Steve Ballmer is now worth $158 billion — more than his former Microsoft boss Bill Gates

Ali Carney, 46, of Newark, received a 65-month prison sentence for conspiring to distribute narcotics, including fentanyl and heroin, and possessing with intent to distribute fentanyl, according to U.S. Attorney Philip R. Sellinger.

Gang Member Sentenced to 65 Months for Drug Trafficking

NewsBreak

Southwest Airlines is threatening a hedge fund with a 'poison pill'

The battle to control Southwest Airlines just got a little trickier. The company announced Wednesday that it’s adopting a so-called “poison pill” defense in its bid...

Southwest Airlines is threatening a hedge fund with a 'poison pill'

Comments / 0