Oil major BP is considering a potential sale of its lubricants business, Castrol, which could be worth about $10 billion in 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 ...

The airline, the largest carrier at both San Antonio and Austin, said the cuts are unprecedented in its 50-year history.

In a regulatory filing on Monday, Southwest Airlines announced its first-ever round of mass layoffs in its 53-year history as ...

Elliott Management had "at least $600 million in downside exposure" to Nvidia stock at the end of December, one analyst said.

The UK oil major faces activist pressure to retreat from a disappointing energy-transition strategy. But recent failures are ...

Elliott engaged Phillips 66 in November 2023, calling for a series of improvements. The activist has since grown its position ...

Several BP Plc shareholders said they welcome activist Elliott Investment Management taking a stake in the British oil major because the company needs to make meaningful changes.

This move confirms the end of a corrective phase and the start of a new Elliott Wave sequence. The price now faces critical resistance between $0.45-$0.50, marked by the 0.5 Fibonacci extension ...

CLEVELAND, Feb. 3, 2025 /CNW/ -- Elliott Investment Management L.P. (Elliott), Clayton, Dubilier & Rice (CD&R), and American Greetings Corporation today announced the successful completion of the ...