Southwest Airlines on Thursday announced changes to its longtime business model in the hopes of reversing turbulence from declining profits and a sinking stock price. The Dallas-based carrier is pivoting from the so-called open seating model, charging a premium for the best seats, and offering red-eye flights, the airline said in a press release. “We’re

Harley-Davidson is recalling about 41,600 motorcycles over concerns that wiring inside the bikes could experience a short circuit and cause a loss of power. The company said in a report filed with the National Highway Traffic Safety Administration (NHTSA) that the recalled 2024 FLHX, FLHXSE, FLTRX, FLTRXSE and FLTRXSTSE motorcycles could experience a short circuit

Private equity firms Vista Equity Partners and Blackstone are buying software maker Smartsheet for approximately $8.4 billion in cash. Vista and Blackstone said Tuesday that they will pay $56.50 per Smartsheet Inc. share. The agreement includes a 45-day “go-shop” period during which Smartsheet and its advisers seek alternative acquisition proposals from certain third parties and

The Justice Department (DOJ) on Tuesday filed a lawsuit against Visa, alleging that the company maintained an illegal monopoly over the U.S. debit card market. According to the DOJ’s complaint, more than 60% of debit card transactions in the U.S. run on Visa’s debit network, which allows the company to charge over $7 billion in fees each

Boeing has raised its offer to the tens of thousands of union employees on strike at the aerospace giant, in what the company referred to as its “best and final contract offer.” In details posted to its website, Boeing’s latest proposal to the members of the International Association of Machinists and Aerospace Workers promises a

Federal Trade Commission Chair Lina Khan said in an interview that aired Sunday that corporations are driving inflation and defended her agency’s role in cracking down on mergers and acquisitions. Khan was interviewed for CBS News’ “60 Minutes” by Lesley Stahl, who attended a town hall held by Khan and Rep. Alexandria Ocasio-Cortez, D-N.Y., where the

Intel Corp. was once the most valuable semiconductor company in the world, but the chipmaker’s steady decline in recent years has put it in a vulnerable spot. The company, which is now worth less than half its value from three years ago, has now reportedly become a takeover target after being approached recently by Qualcomm

Southwest Airlines warned employees of looming “difficult decisions” as the carrier faces pressure from activist investor Elliott Investment Management to boost profits. The Dallas-based carrier’s chief operating officer, Andrew Watterson, said in a Sept. 19 video to workers that the airline’s soon-to-be-announced strategy will include route and flight network modifications, Bloomberg reported, citing a transcript. “There

India-based hotel operator OYO is acquiring Motel 6’s parent company, G6 Hospitality, for $525 million in an all-cash transaction, according to a release from Blackstone Real Estate. Oravel Stays, which owns global travel tech company OYO, operates over 320 hotels in 35 states across America.  OYO first broke into the American market with an aggressive

Stocks locked in solid weekly gains as the Dow and S&P 500 sit at record highs.  The gains came after the Federal Reserve cut interest rates for the first time since March 2020.  The 50 basis point cut is likely to be the start of a new easing cycle, but one policymaker threw cold water