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Air’s - 1 Dakota Smith - 1
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☆ Forward Air Says It May Drop Proposed Omni Takeover
  + stars: | 2023-10-26 | by ( Robb M. Stewart | ) www.wsj.com   time to read: 1 min
Forward Air’s planned purchase of Omni Logistics has drawn sharp pushback, including a lawsuit by some shareholders. Photo: Dakota Smith/AlamyForward Air ’s shares rallied Thursday after the trucking company said it might drop a proposed acquisition of freight forwarder Omni Logistics. The stock jumped 13% in premarket trading after ending the previous session at $72.99, down 30% so far this year. Shares were trading up 2.1% later Thursday, at $74.54. Forward Air’s planned $3.2 billion purchase of Omni Logistics has drawn sharp pushback, including a lawsuit by some shareholders and an effort by activist investor Ancora Alternatives to replace the expedited trucker’s leadership and halt the merger of the businesses.
Persons: Air’s, Dakota Smith Organizations: Omni Logistics
☆ Behind the bombshells: How the LA Times used secret recordings to expose racism at the highest levels of city government
  + stars: | 2022-10-13 | by ( Oliver Darcy | ) edition.cnn.com   time to read: +3 min
The account tagged two reporters at the Los Angeles Times, as well as the newspaper’s politics account. More conference calls were held early Sunday morning until the reporters and editors agreed on a final draft. President Joe Biden even weighed in, calling on the three council members caught on the tapes, all Democrats, to resign. The other two council members have not stepped down. And the paper has been publishing stories daily, covering the fallout while still trying to determine who is behind the leaked audio.
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