The Dallas-based airline is shrinking its board from 15 members to 13 as part of an agreement with activist investor Elliott ...

Southwest Airlines' board overhaul continues as part of changes initiated by the hedge fund Elliott Investment Management.

American Greetings, the second-largest U.S. greeting card company, has a new majority owner. Learn about other Northeast Ohio M&A deals this week.

Elliott Investment Management acquired a stake in Southwest Airlines Co. for $2 billion. This is reported in a press release from Elliott. As a result of the deal, Elliott became one of Southwest's ...

The activist hedge fund is encouraging BP to consider more dramatic moves to restore the once venerable company’s fortunes.

The remarks come amid pressure from activist investor Elliott Investment Management ... review of Southwest Airlines' business while simultaneously building its stake in the carrier.

The move comes after a dispute with the activist firm Elliott Investment Management. Southwest Airlines is pausing corporate hiring to cut costs, a company spokesperson confirmed to Business Insider.

Southwest Airlines said Tuesday that it would put the filling of some jobs and summer internships on hold this year as the company looks to lower costs. The airline said it would honor internship ...