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Southwest Air adopts ‘poison pill’ as activist investor Elliott takes significant stake in company

AP Business Writer Southwest Airlines has adopted a ‘poison pill’ following activist investor Elliott Investment Management taking a significant stake in the company. The airline said Wednesday that the shareholder rights plan is effective immediately and expires in a year. Southwest shareholders would need to give prior approval for an extension. Shareholder rights plans, or

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Rep. Lloyd Doggett becomes first Democrat in Congress to call for Biden’s withdrawal from 2024 race

Associated Press WASHINGTON (AP) — A House Democratic lawmaker has become the first in the party to publicly call for President Joe Biden to step down as the party’s nominee for president, citing Biden’s debate performance against Donald Trump failing to “effectively defend his many accomplishments.” Rep. Lloyd Doggett of Texas said in a statement

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Judge’s ruling protects migrant shelter on US-Mexico border and accuses Texas of harassment

Associated Press McALLEN, Texas (AP) — A judge blasted efforts by Texas Attorney General Ken Paxton to shutter one of the oldest and largest migrant shelters on the U.S.-Mexico border in a scathing ruling Tuesday, accusing the Republican of “outrageous” conduct over his claims that the shelter encourages migrants to enter the country illegally. Judge

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Tesla sales fall for second straight quarter despite price cuts, but decline not as bad as expected

AP Auto Writer DETROIT (AP) — Tesla’s global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weakening demand for the company’s products and electric vehicles overall. The Austin, Texas, company said Tuesday that it sold 443,956 vehicles from April through June, down 4.8% from 466,140 sold

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Meet Hezly Rivera, the 16-year-old ‘underdog’ on the heavily favored US Olympic gymnastics team

AP National Writer MINNEAPOLIS (AP) — Hezly Rivera planned to spend a significant portion of this summer learning how to drive. The 16-year-old is going to have to postpone that learner’s permit test for a bit. She’s joining Simone Biles on the U.S. gymnastics team at the Olympics instead. Heady territory for a self-proclaimed “underdog”

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