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Southwest Airlines said Wednesday that it has adopted a shareholder rights plan, more commonly known as a "poison pill," in response to activist Elliott Management's investment in the airline and push to oust CEO Bob Jordan and Chairman Gary Kelly. The poison pill will only activate if Elliott — or another investor — acquires at least 12.5% of the company. "Southwest Airlines has made a good faith effort to engage constructively with Elliott Investment Management since its initial investment and remains open to any ideas for lasting value creation," Kelly said in a statement. Elliott and Southwest management met in person just two weeks ago, according to people familiar with the matter. Companies often adopt shareholder rights plans in response to an activist threat; rental car company Hertz adopted a poison pill in 2013 in response to "unusual" trading activity that management thought presaged an activist.

Persons: Elliott, Bob Jordan, Gary Kelly, Elliott —, —, Kelly, Hertz, Jordan, Morgan Stanley, Ellis Organizations: Southwest Airlines, Elliott Investment Management, Companies, Boeing, Southwest, Texas, Bank of America, & Locations: Southwest, Dallas, New York, West Palm Beach , Florida, Kirkland

☆ Paul Singer's Elliott Management just raised $8.5 billion. The vaunted hedge fund laid out where it sees opportunities in its latest letter to investors.
▼ + stars: | 2024-05-30 | by ( Bradley Saacks | Alex Morrell | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAfter raising $13 billion in 2022, billionaire Paul Singer's Elliott Management raked in another sizeable haul over the past six months. This story is available exclusively to Business Insider subscribers. Related stories"Historical and mathematical fact can get lost in the excitement when stocks are on a tear," the letter states. The firm recently took a $2.5 billion stake in Texas Instruments, calling on the 94-year-old company to improve its free cash flow.

Persons: —, Paul Singer's Elliott, Elliott —, Elliott, doesn't Organizations: Service, Paul Singer's Elliott Management, Business, Texas Locations: YOLO

☆ Rebecca Elliott — Reporter at The Wall Street Journal
▼ + stars: | 2023-09-11 | by ( Rebecca Elliott | ) www.wsj.com time to read: 1 min

Rebecca ElliottRebecca Elliott is a reporter in The Wall Street Journal's San Francisco bureau covering autos and technology, including Tesla. She previously wrote about energy from Houston, where her work focused on the leaders of the U.S. fracking boom. Before joining the Journal, Rebecca covered local government and politics for the Houston Chronicle. She graduated from Harvard College.

Persons: Rebecca Elliott Rebecca Elliott, Rebecca Organizations: San, Houston Chronicle, Harvard College Locations: San Francisco, Houston

☆ Activists ease up on Salesforce — plus, 10 other Club stocks traded by Wall Street pros
▼ + stars: | 2023-08-16 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +10 min

The extraordinary activist-investor interest in Salesforce (CRM) eased further in the second quarter, according to the latest regulatory filings from influential Wall Street pros. His firm still owned about 2 million Salesforce shares as of June 30. Tepper also bought 2.3 million shares of Advanced Micro Devices (AMD) and 480,000 shares of Apple (AAPL) during the second quarter. As a result, Appaloosa's holdings as of mid-August may differ significantly from the conclusion of the second quarter. GOOGL YTD mountain Alphabet YTD performance Bets on Google's parent company, Alphabet (GOOGL), varied in the second quarter.

Persons: Dan Loeb's, Jeff Smith's, Salesforce, Jeffrey, Starboard's Jeff Smith, Smith, he's, 13Fs, it's, Marc Benioff, Mason Morfit, Paul Singer's Elliott, Elliott, Elliott —, Nelson Peltz's, Bob Iger, Peltz, David Tepper, Tepper, Bill Ackman's, Seth Klarman, Loeb, Klarman, Stanley Druckenmiller, Druckenmiller, Eli Lilly, That's, Jim Cramer's, Jim Cramer, Jim, Kim Kulish Organizations: Inclusive Capital, CNBC, Paul Singer's Elliott Management, Constellation, Club, Constellation Brands, Corona, Modelo, DIS, Disney, Management, Walt Disney Co, Peltz, Nvidia, Appaloosa Management, Microsoft, Micro Devices, Apple, AMD, Bill Ackman's Pershing, Capital Management, Oracle, Duquesne Family Office, Jim Cramer's Charitable, Corbis, Getty Locations: Salesforce, Tuesday's

☆ Southwest Airlines says travellers stranded by holiday meltdown can't rebook until December 31st
▼ + stars: | 2022-12-27 | by ( Asia Martin | ) www.businessinsider.com time to read: +1 min

Southwest Airlines won't rebook any more flights until next year. Southwest was impacted by Winter Storm Elliott. Stranded Southwest customers can't rebook their flights until after December 31, according to a Southwest Airlines official who spoke to the press at Hobby International Airport on Monday. Southwest Airlines canceled nearly 3,000 flights following Winter Storm Elliott — the highest count by far among airlines, according to FlightAware. The fallout stranded travelers across the country over the weekend as airlines could not rebook customers quickly because of the nationwide impact of the storm.

☆ DeVante Parker: NFL says it is reviewing an apparent head injury incident during Monday's Patriots game
▼ + stars: | 2022-12-14 | by ( Kevin Dotson | ) edition.cnn.com time to read: +27 min

CNN —The NFL and the NFL Players Association are looking into an incident in which an apparent head injury to New England Patriots wide receiver DeVante Parker seemingly went unnoticed by medical staff and spotters, league spokesman Brian McCarthy tells CNN. Jeff Dean/AP Los Angeles Chargers wide receiver Mike Williams catches a pass against Miami Dolphins cornerback Xavien Howard on December 11. Marcio Jose Sanchez/AP Minnesota wide receiver Justin Jefferson dives for a two-point conversion during the Vikings' 29-22 victory over the Chicago Bears. Gerald Herbert/AP Indianapolis Colts wide receiver Michael Pittman Jr. is tripped up by Denver Broncos cornerback K'Waun Williams. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J.

☆ Cardinals vs Patriots: Arizona's woes continue as Kyler Murray hurt in 27-13 loss to New England
▼ + stars: | 2022-12-13 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +27 min

Jeff Dean/AP Los Angeles Chargers wide receiver Mike Williams catches a pass against Miami Dolphins cornerback Xavien Howard on December 11. Gary McCullough/AP Green Bay Packers wide receiver Samori Toure is tackled by Detroit Lions safety Will Harris. Marcio Jose Sanchez/AP Minnesota wide receiver Justin Jefferson dives for a two-point conversion during the Vikings' 29-22 victory over the Chicago Bears. Gerald Herbert/AP Indianapolis Colts wide receiver Michael Pittman Jr. is tripped up by Denver Broncos cornerback K'Waun Williams. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J.

☆ Von Miller: Buffalo Bills defensive star is out for the season with torn ACL
▼ + stars: | 2022-12-08 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +25 min

Tony Gutierrez/AP Buffalo wide receiver Stefon Diggs digs into a turkey leg after the Bills defeated Detroit on Thanksgiving Day. Norm Hall/Getty Images Buffalo Bills quarterback Josh Allen hurdles Kansas City Chiefs safety Justin Reid as he scrambles for a first down. Marcio Jose Sanchez/AP Minnesota wide receiver Justin Jefferson dives for a two-point conversion during the Vikings' 29-22 victory over the Chicago Bears. Gerald Herbert/AP Indianapolis Colts wide receiver Michael Pittman Jr. is tripped up by Denver Broncos cornerback K'Waun Williams. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J.

☆ Henry Anderson: Carolina Panthers defensive end reveals he recently had stroke -- but wants to play on Sunday
▼ + stars: | 2022-12-08 | by ( Alasdair Howorth | ) edition.cnn.com time to read: +26 min

Tony Gutierrez/AP Buffalo wide receiver Stefon Diggs digs into a turkey leg after the Bills defeated Detroit on Thanksgiving Day. Gary McCullough/AP Green Bay Packers wide receiver Samori Toure is tackled by Detroit Lions safety Will Harris. Norm Hall/Getty Images Buffalo Bills quarterback Josh Allen hurdles Kansas City Chiefs safety Justin Reid as he scrambles for a first down. Gerald Herbert/AP Indianapolis Colts wide receiver Michael Pittman Jr. is tripped up by Denver Broncos cornerback K'Waun Williams. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J.

☆ NFL Thanksgiving Day previews: Bills, Cowboys, Vikings in action
▼ + stars: | 2022-11-23 | by ( Hannah Brewitt | ) edition.cnn.com time to read: +26 min

Gary McCullough/AP Green Bay Packers wide receiver Samori Toure is tackled by Detroit Lions safety Will Harris. Norm Hall/Getty Images Buffalo Bills quarterback Josh Allen hurdles Kansas City Chiefs safety Justin Reid as he scrambles for a first down. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J. To see if history repeats itself with a Cowboys win, or if the Giants can pull off the upset, tune in on Thursday at 4:30 p.m. Bill Belichick’s team could be on the cusp of a hot streak and are hitting the Vikings game at just the right time.

Gary McCullough/AP Green Bay Packers wide receiver Samori Toure is tackled by Detroit Lions safety Will Harris. Norm Hall/Getty Images Buffalo Bills quarterback Josh Allen hurdles Kansas City Chiefs safety Justin Reid as he scrambles for a first down. Allen's fourth quarter touchdown throw to Dawson Knox capped off a 24-20 victory against the Chiefs. Marcio Jose Sanchez/AP Minnesota wide receiver Justin Jefferson dives for a two-point conversion during the Vikings' 29-22 victory over the Chicago Bears. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J.

☆ NFL Week 9 Preview: How to watch and all you need to know
▼ + stars: | 2022-11-06 | by ( Hannah Brewitt | ) edition.cnn.com time to read: +23 min

Norm Hall/Getty Images Buffalo Bills quarterback Josh Allen hurdles Kansas City Chiefs safety Justin Reid as he scrambles for a first down. Marcio Jose Sanchez/AP Minnesota wide receiver Justin Jefferson dives for a two-point conversion during the Vikings' 29-22 victory over the Chicago Bears. Gerald Herbert/AP Indianapolis Colts wide receiver Michael Pittman Jr. is tripped up by Denver Broncos cornerback K'Waun Williams. David Richard/AP Tampa Bay Buccaneers wide receiver Breshad Perriman fumbles after catching a pass during the first half against the Green Bay Packers in Week 3. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J.

☆ NFL Week 8 Preview: Seahawks, Giants face off behind strong quarterback leadership
▼ + stars: | 2022-10-30 | by ( Hannah Brewitt | ) edition.cnn.com time to read: +20 min

The Seahawks have won three of their last four while the Giants are on a four-game win streak. The Colts beat their division rivals 34-27 thanks to a last-gasp touchdown from quarterback Matt Ryan to rookie Alec Pierce. Just last week, Giants quarterback Daniel Jones earned NFC Player of the Week honors for his performance against the Jaguars. The Jaguars played in London just last year, when quarterback Trevor Lawrence became the first rookie quarterback to win a regular season game in London. Jaguars quarterback Trevor Lawrence is coming off a turnover-free Week 7 against the Giants.

☆ Tom Brady reaffirms his commitment to the Tampa Bay Buccaneers
▼ + stars: | 2022-10-25 | by ( Ben Church | ) edition.cnn.com time to read: +16 min

CNN —Tom Brady has reaffirmed his commitment to the Tampa Bay Buccaneers after a difficult start to the new season, both on and off the field. Jeff Dean/AP It was tough times for the Tampa Bay Buccaneers and Tom Brady on Sunday against the Carolina Panthers. Norm Hall/Getty Images Buffalo Bills quarterback Josh Allen hurdles Kansas City Chiefs safety Justin Reid as he scrambles for a first down. David Richard/AP Tampa Bay Buccaneers wide receiver Breshad Perriman fumbles after catching a pass during the first half against the Green Bay Packers in Week 3. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J.

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