BP, IN which activist investor Elliott Investment Management has built up a nearly 5 per cent stake, is considering a ...

BP (NYSE:BP) is considering a potential sale of its lubricants business in a deal that could fetch ~$10B, in one of the many ...

A sale of the business is one of the many options BP is considering to win back investor confidence after years of underperformance, sources said.

Southwest Airlines said Monday it will cut 15% of its corporate workforce, or 1,750 people — the first mass layoffs in the company’s history. The cuts will start in April and include senior leadership ...

JetBlue (JBLU) and Frontier Group (ULCC), the owner of Frontier Airlines, are rising 10% and 4%, respectively, today.

Southwest Airlines cut hundreds of corporate roles, including senior leadership and director positions, as it works to trim ...

Activist investors are making frequent demands for board seats—and having more success in gaining them. To deal with this, ...

Southwest does did not lay people off. In the nearly 54 years since the airline started flying, it never has laid anyone off, and that was a key part of the company lore. But late yesterday, on a ...

Southwest Airlines said it will slash 15% of its corporate workforce -- the first mass layoffs in the company's decades-long ...

Dallas-based Southwest Airlines is cutting 15% of its corporate staff, it announced Monday. The layoffs amount to about 1,750 ...

The carrier is trying to cut costs after a battle with an activist investor last year.

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