The company is adopting a poison pill defense strategy to prevent Elliott Investment Management from taking control of Southwest Airlines due to a nearly $2 billion stake.
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Jeff Bezos to Sell $5 Billion Worth of Amazon Shares During Record Stock Surge
After selling shares worth $8.5 billion this February, Amazon founder Jeff Bezos plans to sell an additional 25 million more shares worth approximately $5 billion, coinciding with Amazon's stock reaching a new record high.
Delta Airlines Makes Emergency Landing at JFK Airport After Passengers Fall Ill From Spoiled Food
A Delta Airlines flight from Detroit to Amsterdam made an emergency landing at JFK Airport on July 3, due to food contamination that sickened passengers.
General Motor Faces $145.8 Million Penalty Over Excess Carbon Emissions in 5.9 Million Vehicles
The Environmental Protection Agency (EPA) found that General Motors emitted more than 10% of what was reported between 2012 and 2018 in 5.9 million vehicles, penalizing the company with $145.8 million.
Germany Refuses to Let Chinese Company Buy Volkswagen's Gas Turbine Unit Over Fear of Military Use
Germany has rejected a Chinese state-owned company's bid to buy a gas turbine unit of Volkswagen Group's subsidiary company, citing national security concerns under the Foreign Trade and Payments Act.
Latest News
The first new banknotes of Japan in 20 years have finally hit circulation this week. The first new banknotes of Japan in 20 years have finally hit circulation on Wednesday, July 3.
The administration of President Joe Biden has announced the awarding of $504 million in funding for 12 technology hubs in the US.
Former President Donald Trump's sentencing for his conviction on hush money case has been postponed until at least September.
The Securities and Exchange Commission (SEC) has filed a lawsuit against Silvergate Capital Corporation over alleged violations of the Bank Secrecy Act.
Samsung Electronics workers in South Korea will hold a strike from July 8 to 10, according to union officials.
President Joe Biden and Senator Bernie Sanders have urged Novo Nordisk and Eli Lilly to lower the prices of their popular weight loss drugs.
The Biden administration canceled eight export licenses this year that had allowed several companies to send goods to the Chinese telecom giant Huawei.
GSK said that it was reorganizing its cooperation with CureVac, including gaining control over various vaccines they were producing together, including COVID-19 and influenza vaccines.
Netflix is pushing through with its plan to phase out its $11.99 ad-free tier for its existing subscribers later in July.
