(Reuters) -Elliott Investment Management and Southwest Airlines (NYSE:) have begun discussing a potential settlement that would avoid a proxy fight for control of the airline’s board, Bloomberg News reported on Saturday, citing people familiar with the matter. Elliott has proposed a framework that would give it representation on Southwest’s board but not control, the people said, adding that the talks, which were progressing toward a resolution as of Saturday, have not been finalized and could fall through. Southwest and Elliott did not immediately respond to a Reuters’ request for comment. On Monday, the hedge fund officially called for the special…
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BMW’s design shake-up has left a void that Rolls-Royce is eager to fill. As Domagoj Dukec, BMW’s former chief designer, transitions to the ultra luxury brand, Rolls-Royce is positioned to embrace a new era of design leadership. The British marque, known for its timeless elegance, will undoubtedly influence Dukec’s creative direction, ensuring that his designs align with the brand’s heritage. Meanwhile, Rolls-Royce’s recent revealings showcase its commitment to innovation and refinement. The 2025 Ghost Series II facelift, with its subtle yet impactful styling, demonstrates the brand’s ability to evolve while maintaining its iconic appeal. The all electric Spectre, a groundbreaking…
The Ford Flex, a three row crossover based on the D4 platform, is currently under investigation by the National Highway Traffic Safety Administration (NHTSA) due to allegations of rearview camera failure. Owners of 2019 Ford Flex models have reported distorted, blank, or inverted rearview camera images when shifting the vehicle into reverse. The NHTSA has received 23 vehicle owner questionnaires and an unspecified number of early warning reports regarding this issue. Ford Flex Rearview Camera Issues Under Investigation by NHTSA, Potential Recall Looms (Ford) The investigation, led by Lydia Kocher, aims to determine the scope and severity of the problem.…
DAKAR (Reuters) – A Delta Airlines (NYSE:) Boeing (NYSE:) 767 aircraft bound for New York made an emergency stop due to a technical incident at the Blaise Diagne International Airport in Senegal on Saturday, the West African nation’s transport ministry said. The pilot was able to bring the plane, which carried 216 passengers, to a safe stop and no injuries were recorded, the ministry said in a statement. “The plane, during takeoff, performed an acceleration maneuver followed by an emergency stop due to a technical incident,” it said. The incident occurred a day after the U.S. Federal Aviation Administration said…
Alt Carbon collects crushed basalt from the Rajmahal mines and has them sprinkled on their tea estates. Photo: Special Arrangement The last thing you would expect is that dust from mining would be climate friendly. But the right kind of dust moved to the right place is the core business of a Darjeeling-based company, Alt Carbon, and has already garnered $5,00,000 in investments for carbon-credit companies. At the heart of the company’s approach is the geo-chemical process called rock weathering.All rocks naturally break down into minerals over thousands of years. This happens mainly due to being exposed to rain and…
The automotive world is constantly evolving, and electric vehicles (EVs) are leading the charge. A new contender in the EV market, Skywell, is making waves with its upcoming Q model. This compact hatchback, roughly the size of a Volkswagen Golf, offers impressive performance and range. With a 0-60 mph acceleration time of under 4 seconds and a range of over 300 miles on a single charge, the Q is a formidable force. Its sleek design, featuring a dynamic front LED bar and 18-inch alloy wheels, complements its powerful performance. Inside, the Q boasts a luxurious interior with features like a…
The California Transportation Commission (CTC) today allocated approximately $3.8 billion for projects that will continue to refurbish the state’s transportation infrastructure, enhance safety and create more options for the traveling public. The projects will improve coastal rail lines, freight corridors, bridges, highway interchanges and system enhancements aimed to increase accessibility for multi-modal users. Nearly $3.5 billion of today’s investment is funded through the landmark federal Infrastructure Investment and Jobs Act of 2021 (IIJA). More than 75 percent of that allocation will be sent to approximately 600 local governments and regional transportation authorities to replace bridges, reduce travel times for commuters,…
The Dow Jones Industrial Average (DJINDICES: ^DJI) has 30 industry-leading components that act as representatives of the U.S. economy. The index’s rich history has made it a go-to destination for investors looking for quality names that can help them generate dividend income.Over time, the composition of the Dow has changed to reflect the growing influence of technology on the economy, which has helped the Dow produce impressive gains in recent years. But even stodgy Dow names like Coca-Cola, Home Depot, and McDonald’s have been roaring higher in recent months and helped the index achieve a fresh all-time high on Oct.…
The dramatic decline in the resale value of electric vehicles, particularly the Rivian R1T, has raised significant concerns about their long term viability. While EVs have gained substantial traction in recent years, driven by factors such as environmental concerns and technological advancements, their high purchase prices, limited range, and diminishing government incentives have tempered their popularity. The rapid shift in the R1T’s market value, from commanding premiums to selling at substantial discounts within a short period, underscores the volatile nature of the EV market. As consumers become more discerning and manufacturers diversify their product offerings, the future of electric vehicles…
The Chevrolet 409, a formidable big block V8, made its debut in 1961, only to be discontinued by the end of 1965. Despite its brief lifespan, the 409 left an indelible mark on the muscle car scene. The 1963 model year was particularly noteworthy, as it saw the introduction of the most powerful version, boasting a staggering 425 horsepower. Meanwhile, another Chevrolet product, the full size Impala, was experiencing tremendous sales success. The Impala’s distinctive triple taillight design and undeniable appeal fascinated the American public, leading to unprecedented demand. 1963 Chevrolet Impala SS 409: Classic Muscle with Enduring Appeal and…