06:50 AM EDT, 09/25/2024 (MT Newswires) -- Southwest Airlines ( LUV ) said late Tuesday that activist investor Elliott Investment Management has refused to engage with the company despite its efforts to reach a constructive resolution. The low-cost carrier said Elliott demanded a supermajority of the board and immediate leadership changes even before speaking with its CEO, Bob Jordan, or...

BEIJING (Reuters) - Sales of foreign-branded smartphones, including Apple Inc's iPhone, in China fell 12.7% in August year-on-year, according to data released on Wednesday from a government-affiliated research firm. Calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed that during the month, sales of foreign-branded phones in China fell to 1.87 million handsets,...

MILAN/BERLIN, Sept 25 (Reuters) - Germany cranked up its opposition to UniCredit's swoop on Commerzbank on Wednesday, while the Italian bank's CEO said he would only pursue a takeover if it had broad shareholder backing and called for talks with the government. Two weeks since UniCredit unveiled a surprise stake in Commerzbank and its CEO Andrea Orcel laid out plans...

07:10 AM EDT, 09/25/2024 (MT Newswires) -- Marathon Petroleum ( MPC ) and the Teamsters union remain at a standstill in labor negotiations as a new labor agreement stagnates and the strike at the Detroit refinery enters its third week, Reuters reported Tuesday. Despite recent mediation efforts, no agreement has been reached, Reuters said, citing the company's spokesperson. Marathon said...