- Southwest Airlines has appointed aviation industry veteran Rakesh Gangwal to its board of directors, it said on Monday, as increasing pressure from activist investor Elliott pushes the U.S. budget carrier to take defensive measures.
Elliott, known for pushing for a change to boost shareholder returns, had called for a reconstitution of Southwest's board with "new, truly independent" directors possessing expertise in airlines, customer experience and technology.The activist investor had also called for a leadership change citing Southwest's disappointing financial results.
The amount Hindenburg Research made from it's short-seller report on Adani Group pales in comparison to the market value it erased.The farm-equipment manufacturer will lay off about 600 employees across three US factories as it shifts production to a newly planned facility in Ramos, Mexico. The stock market will drop 32% in 2025 as the Fed fails to save the economy from a recession, research firm says
“I think, a year from now, we have three $4 trillion market cap companies: Nvidia, Apple, Microsoft,” Wedbush tech analyst Dan Ives told Fortune.
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