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☆ These 3 UK stocks are on the march and set to soar by over 50%, RBC says
▼ + stars: | 2024-10-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Three London stocks are on the march and are expected to rise by more than 50% over the next 12 months. TM17-GB 1Y line More recently, RBC said the company reported "a good set of results" in September. The company reported £80.6 million in total sales, missing revenue expectations of £81.5 million marginally. Wheeler also noted that the stock had "significant upside potential" after the company reported its first-half results on July 26. RBC analyst Charles Weston said the stock remains "materially undervalued" after the company reported its first half-year financial results.

Persons: Debbie Bestwick's, Steve Bell's, Frank Sagnier's, Ross Broadfoot, Broadfoot, Team17, RBC's Alexander Wheeler, Wheeler, Charles Weston, OXB Organizations: CNBC Pro, RBC Capital Markets, RBC, Drax, Oxford Biomedica, Oxford, University of Oxford Locations: London, England, Team17

☆ These high-quality growth stocks are must-owns for investors, Trivariate Research says
▼ + stars: | 2024-10-17 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Mounting geopolitical tensions and a tight presidential election may intensify market volatility in coming weeks, but high-quality growth stocks may prove a useful way for investors to hedge against any future uncertainty, according to Trivariate Research. October is a historically volatile month for stocks , and this week alone has seen the market seesaw. "It now seems the market has come full circle," Trivariate Research founder and CEO Adam Parker wrote in a recent research note to clients. "It is much easier to buy and hold growth stocks, and it requires less arrogance in predicting the unknown than it used to. Wholesale retailer Costco and hotel giant Hilton are two other growth names that Parker listed.

Persons: Adam Parker, Parker, Morgan Stanley, Eli Lilly, Lilly Organizations: Research, Dow Jones, Dow, Adobe, Wholesale, Costco, Hilton Locations: U.K, Wednesday's

☆ United Airlines takes a shot at Delta's IT meltdown: 'Healthy businesses don't make excuses'
▼ + stars: | 2024-10-16 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +3 min

United Airlines did not mention the cost of July's CrowdStrike IT outage in its earnings report. United executives took a subtle jab at Delta by highlighting their "no excuses" philosophy. "Healthy businesses don't make excuses about CrowdStrike, don't make excuses about weather," CFO Mike Leskinen said on the company's Wednesday earnings call. 'No excuses' is at the core of United's philosophyCEO Scott Kirby said United's "no excuses" ideology stems from his days as a cadet at the United States Air Force Academy. Related stories"The best thing I learned was 'no excuses, ma'am, no excuses, sir,'" Kirby said on the call.

Persons: —, Mike Leskinen, It's, United's, Scott Kirby, Kirby, United Organizations: Airlines, United, Service, United Airlines, Delta Air Lines, United States Air Force Academy Locations: Crowdstrike, Texas, New York

☆ Investor sentiment starting to enter into frothy territory with so much going well for stock market
▼ + stars: | 2024-10-16 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Fully 90% expect a "soft landing," or "no landing" at all (i.e. That's not the case here: the Fed is cutting rates going into, at worst, a soft landing, which is very unusual. The S & P 500 was up 2.0% in September and is higher by 0.9% so far in October. Historically, the S & P tends to rise beginning in the last week of October and through November and December. Goldman Sachs noted that, since 1928, the median S & P 500 return from October 15 to December 31 has been 5.17%.

Persons: That's, Alicia Levine, BNY, Goldman Sachs, Goldman, buybacks, Stocks, there's, AAII, BofA Organizations: America, Trump, Bank of America Global Fund, Survey, Fed, buybacks, American Association of Locations: U.S, frothy

☆ Stocks making the biggest moves premarket: Morgan Stanley, Cisco, ASML and more
▼ + stars: | 2024-10-16 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Cisco Systems — The networking technology stock added nearly 2% on the heels of a Citi upgrade to buy from neutral. The firm's earnings came in at $1.88 per share, versus the $1.58 expected by a LSEG analyst poll. Revenue was $15.38 billion versus the $14.41 billion consensus estimate. United also announced a $1.5 billion share buyback, its first since before the pandemic. J.B Hunt Transport Services — Shares jumped more than 7% after the company's third-quarter results topped expectations.

Persons: Novocure, Morgan Stanley —, accidently, J.B, Hunt, LSEG, — CNBC's Sean Conlon, Alex Harring, Sarah Min, Michelle Fox, Hakyung Kim Organizations: Cisco Systems, Citi, U.S . Food, Drug Administration, Revenue, United Airlines, United, Hunt, — Locations: U.S

☆ Embattled Abbott Labs comes through with a strong quarter, buyback announcement
▼ + stars: | 2024-10-16 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

Organic sales, which exclude Covid testing, were up 8.2% from the year-ago period. Bottom line In its third quarter, Abbott Labs demonstrated why we wanted to stick with the stock in the face of legal battles that emerged earlier this year and spooked investors. "There's just a lot to like with the Abbott quarter." As Abbott's organic sales growth continues to shine, the market will realize both concerns are overblown. The company reiterated its full-year organic sales growth outlook of 9.5% to 10%.

Persons: ABT, Abbott, Jim Cramer, Dexcom, Robert Ford, Ford, Lingo, —, it's, Edwards, Jim Cramer's, Jim, Ethan Miller Organizations: Abbott Laboratories, Revenue, Abbott Labs, NEC, Abbott, Ford, and Drug Administration, Centers for Disease Control, National Institutes of Health, CNBC, Las Vegas Convention, Getty Locations: U.S, Missouri, Las Vegas , Nevada

☆ Stocks making the biggest moves midday: United Airlines, Morgan Stanley, ASML, Prologis and more
▼ + stars: | 2024-10-16 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

United Airlines – The stock soared 11% after the airline posted an earnings and revenue beat for the third quarter and guided for a strong fourth quarter. In addition, United said it is starting a $1.5 billion share buyback, its first since before the Covid pandemic. The firm posted earnings of $1.88 per share, higher than the $1.58 expected by a LSEG analyst poll. J.B Hunt Transport Services – Shares added 3.4% after the company posted a top and bottom line beat. J.B. Hunt posted $1.49 earnings per share on $3.07 billion of revenue in the third quarter.

Persons: United, Morgan Stanley, Novocure, J.B, Hunt, LSEG, Aspen Aerogels, FactSet, Prologis, Hamid Moghadam, —, Alex Harring, Hakyung Kim, Samantha Subin, Pia Singh, Michelle Fox Organizations: Food and Drug Administration, United Airlines, Revenue, Cisco Systems, Citi, Food, ASML, J.B Hunt, Aspen, of Energy, U.S . Bancorp, General Motors, Lithium Americas Corp Locations: Dutch, U.S

☆ Cheap, Secondhand Androids Are Now Cooler Than Brand-New Apple iPhones
▼ + stars: | 2024-10-16 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +9 min

People are more aware of refurbished phones, thanks to ad campaigns and word of mouth. For $249 or 299 euros, customers could buy a refurbished iPhone or Android without knowing the model they'd get. AdvertisementPerhaps the biggest thing blocking people from buying more secondhand phones is the manufacturers themselves. Amy Marty Conrad, a 34-year-old who lives in the Washington, DC, area says she and her husband have each bought refurbished phones. But perhaps the biggest thing blocking people from buying more secondhand phones is the manufacturers themselves.

Persons: Steve Jobs, Ming, Chi Kuo, Apple, Glen, Thibaud Hug, Hug, Larauze, Hug de Larauze, He's, ChatGPT, Amy Marty Conrad, She's, it's, Tim Cook Organizations: Apple, Research, International Data Corporation, Vodafone, Recommerce, Zion Market Research, eBay, Samsung Galaxy, European Union, Apple Intelligence, Back Locations: Europe, France, England, Washington, DC, Oregon, European

☆ We're bending our investment rules and starting positions in 2 of our Bullpen stocks
▼ + stars: | 2024-10-16 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

We're initiating positions for Jim Cramer's Charitable Trust in BlackRock and CrowdStrike . BlackRock is the world's largest asset management manager and leading provider of investment, advisor, and risk management solutions. There's a good whitepaper on CrowdStrike's website published by IDC that explains the value of the CrowdStrike Falcon XDR platform. It was a major blow for a cybersecurity company, especially one with a pristine reputation. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer's, CrowdStrike, Larry Fink, Fink, George Kurtz, Jim, Satya Nadella, They've, Jim Cramer Organizations: BLK, CRWD, BlackRock, Trust, Investing, Retail, Blackrock, Global Infrastructure Partners, Management, Money, We're, IDC, Falcon, Microsoft, Palo Alto Networks, Alto Networks, SEC, CNBC Locations: BlackRock, CrowdStrike, Blackrock, Palo, Cybersecurity, We're

Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Broadcom: Of course, we love the company's AI business — both its custom silicon solutions for companies such as Alphabet and its networking chips that help stitch data centers together. Stanley Black & Decker: Jim said that this stock is the "most significant beneficiary" from lower rates in the entire portfolio. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, there's, Lisa Su, Wells, Salesforce, CrowdStrike, it's, we've, Walt Disney, —, Eaton, we're, Kamala Harris, Harris, Jim's, Linde, Eli Lilly, Lilly isn't, That's, Morgan Stanley, Goldman Sachs, D.A, Satya Nadella's, Palo, cybersecurity, Brian Niccol, We're, Stanley Black, Decker, TJX, Charlie Scharf, Wells Fargo's, Jim Cramer, Angela Weiss Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple Intelligence, Abbott Laboratories, Devices, AMD, Nvidia, Broadcom, Apple, Federal Reserve, Costco Wholesale, Costco, Coterra, DuPont, Disney, ESPN, GE Healthcare, Democratic, Biden, Honeywell, Linde, Adobe, Microsoft, Davidson, Palo Alto Networks, Constellation Brands, Modelo, Corona, TJX, Jim Cramer's Charitable, New York Stock Exchange, AFP, Getty Locations: Wells Fargo, BlackRock, Dover, Eaton, China, U.S, Chipotle, New York City

☆ United Airlines CEO Scott Kirby on Q3 results, impact of Boeing strike and route expansion
▼ + stars: | 2024-10-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnited Airlines CEO Scott Kirby on Q3 results, impact of Boeing strike and route expansionCNBC’s Phil LeBeau and United Airlines CEO Scott Kirby join 'Squawk Box' to discuss the airline's quarterly earnings results, Q4 outlook, impact of Boeing strike, the company's share buyback program, state of negotiations with flight attendant's union, and more.

Persons: Scott Kirby, Phil LeBeau Organizations: Email United, Boeing, United Airlines

☆ United Airlines hasn't shown any interest to reach a deal with flight attendants, says Sara Nelson
▼ + stars: | 2024-10-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnited Airlines hasn't shown any interest to reach a deal with flight attendants, says Sara NelsonSara Nelson, Association of Flight Attendants international president, joins 'Squawk Box' to discuss news United Airlines launching a $1.5 billion share buyback program, the backlash from flight attendant's union, state of negotiations between the union and the airline, and more.

Persons: Sara Nelson Sara Nelson Organizations: Email United Airlines, Association of, United Airlines

☆ Stocks making the biggest moves after hours: United Airlines, J.B. Hunt and more
▼ + stars: | 2024-10-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

United Airlines — The travel stock dipped less than 1% despite United's third-quarter report beating estimates on the top and bottom lines. United reported adjusted earnings of $3.33 per share on $14.84 billion of revenue. Interactive Brokers — Shares of the brokerage firm fell more than 3% after third-quarter earnings missed expectations. J.B. Hunt Transport Services — The freight shipping company surged 8% after beating third-quarter estimates on the top and bottom lines. J.B. Hunt reported earnings of $1.49 per share on $3.07 billion of revenue.

Persons: LSEG, . Hunt Organizations: . United Airlines —, United, Interactive, Hunt Transport Services

☆ United Airlines plans $1.5 billion share buyback, forecasts fourth-quarter earnings above estimates
▼ + stars: | 2024-10-15 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

United Airlines said Tuesday that it is starting a $1.5 billion share buyback as the carrier reported higher-than-expected earnings for the busy summer travel season and forecast strong results for the last three months of the year. Here is what United reported for the third quarter compared with what Wall Street expected, based on average estimates compiled by LSEG:Earnings per share: $3.33 adjusted vs. $3.17 expected$3.33 adjusted vs. $3.17 expected Revenue: $14.84 billion vs. $14.78 billion expectedThe share buyback would be United's first since before the Covid-19 pandemic. Southwest Airlines announced a $2.5 billion share repurchase program last month. "Like other leading airlines and companies, we are initiating a measured, strategic share repurchase program," United CEO Scott Kirby said in a note to staff on Tuesday. "Importantly, my commitment to you is that investing in our people and our business will always be my top priority even while we institute this share repurchase program."

Persons: Scott Kirby Organizations: Airlines, LSEG, Southwest Airlines Locations: U.S

☆ An options trade on a Boeing supplier that could get dragged down by its customer's woes
▼ + stars: | 2024-10-14 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

Howmet also produces parts used in gas turbines (power generation) and precision castings, fasteners, and other components for automotive applications. Over the past few years, Howmet has grown revenues, net income, and free cash flow considerably faster than the economy's overall growth. About 5.7% of Howmet's revenue comes from Boeing , which is greater than 4.6% of its revenues from Airbus. However, some of the company's revenues are derived indirectly from jet engine manufacturers General Electric, 12% of revenues, and Rolls-Royce, which represents 5.34%. Over the past five years, Howmet shares have appreciated by 370%, outperforming the S & P by more than 260% and the industrials index by about 280%.

Persons: Howmet Organizations: Howmet Aerospace, Aerospace, Boeing, Airbus, Electric, Royce, CNBC, NBC UNIVERSAL

☆ Jim Cramer is holding on to Starbucks as new CEO starts making changes
▼ + stars: | 2024-10-14 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "Don't sell the stock," Jim urged, outlining several reasons why investors should hold in his Sunday column . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, he'd, Brian Niccol, Niccol, we've, Stocks, Jim Cramer's Organizations: CNBC, Apple, Evercore ISI, Constellation Brands, Wall Street Journal, Boeing, VF Corp, Southwest Airlines Locations: Wells Fargo

☆ Amazon is becoming Big Tech's king of cash, and Wall Street wants a piece of it
▼ + stars: | 2024-10-09 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

Amazon's cash balance is expected to reach almost $400 billion by 2027, far outpacing tech rivals. AdvertisementAmazon's ballooning cash balance is drawing Wall Street's attention. By 2027, Amazon is forecast to have almost $400 billion in cash, far outpacing its Big Tech rivals. Despite the "remarkable" growth in Amazon's cash balance, the company hasn't been as aggressive as other tech companies in rewarding shareholders, he noted. During an April call with analysts, Amazon CFO Brian Olsavsky addressed the question about shareholder returns.

Persons: —, Wall, Mark Mahaney, Mahaney, Evercore's Mahaney, hasn't, Mark Shmulik, Bernstein, Morgan Stanley, Gene Munster, Munster, Andy Jassy's, Brian Olsavsky, Jassy, Olsavsky, Deepwater's Munster Organizations: Service, P Global Market Intelligence, Microsoft, Amazon, Big Tech, Apple, Deepwater Asset Management, Federal Trade Commission, Meta

☆ Caesars CEO Tom Reeg on capturing market share in the digital business
▼ + stars: | 2024-10-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCaesars CEO Tom Reeg on capturing market share in the digital businessTom Reeg, Caesars Entertainment CEO, joins CNBC's 'Squawk Box' to discuss the company's recent stock buyback, the state of discretionary spending, and more.

Persons: Tom Reeg Organizations: Caesars Entertainment

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, Netflix, Campbell Soup, Gilead, American Express & more
▼ + stars: | 2024-10-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Wells Fargo upgrades Gilead to overweight from equal weight Wells says the biopharma company has an attractive setup. Wells Fargo upgrades Canadian National to overweight from equal weight Wells says it sees "accelerating growth" for the railway company. Barclays downgrades Netflix to underweight from equal weight Barclay says the "growth algorithm is getting more complex." Wells Fargo downgrades Amazon to equal weight from overweight Wells says the "positive revision story [is] on pause for Amazon. JPMorgan upgrades Ally Financial to overweight from neutral and downgrades American Express to neutral from overweight JPMorgan downgraded American Express and says it sees "asymmetric risk."

Persons: Jefferies, Wells, Morgan Stanley, it's bullish, Barclay, NFLX, Piper Sandler, Piper, Mizuho, JPMorgan downgrades Lamb Weston, JPMorgan, downgrades Sherwin, Williams, KeyBanc, Bernstein, Campbell, underperform Bernstein, Coupang, CPNG, Barclays downgrades, Avery Dennison, Garmin, Hershey Organizations: Apple, Apple Intelligence LT, UW, Vertiv Holdings, Coty, Barclays, Netflix, MKSI, Mizuho, JPMorgan, Deutsche Bank, Alliance, Deutsche, UBS, NXP, Express, American Express, Barclays downgrades DuPont, DuPont, Bank of America downgrades Constellation Brands, Bank of America, Constellation Brands, Bank of America downgrades Comerica, of America, CMA, Air Products, Hershey Locations: OW, Gilead, Canada, underperform

☆ Bad call from Wall Street analysts on DuPont stock may be good news for investors
▼ + stars: | 2024-10-07 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

Wall Street analysts made the wrong call on DuPont, but it may be welcome news for investors looking to buy the stock. DuPont stock, trading around $85 per share Monday, would have to fall at least another 6% to below $80 to interest us. "This stock could have a very good run into 2025 as it becomes clear that the three segments are worth far more than the current price," Jim said. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, Jeff Marks, Jeff, Jim Cramer's, Dupont Organizations: DuPont, Monday, Barclays, Club, CNBC, Getty Locations: Wilmington , Delaware

☆ Stocks making the biggest moves premarket: Ford, Clorox, Boeing, Pinterest and more
▼ + stars: | 2024-10-01 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +3 min

Ford Motor — The automaker jumped 2.3% after Goldman Sachs upgraded shares to buy from neutral. CVS Health – Shares rose 2% after CNBC, citing people familiar with the matter, reported that CVS is working with advisors on a strategic review of its business. Clorox — Shares of the household supplies company rose more than 1.5% after an upgrade to buy from hold at Jefferies. Pinterest — Shares of the online platform added 3.3% after Goldman Sachs added Pinterest to its "Americas Conviction List." Datadog — The cloud analytics company rose 1.7%.

Persons: Goldman Sachs, Raymond James, Ric Prentiss, Clorox, Pinterest, Datadog, Davidson, Oppenheimer, — CNBC's Sean Conlon, Sarah Min, Samantha Subin, Pia Singh, Michelle Fox, Jesse Pound Organizations: Ford, Super, Disney —, CVS, CNBC, Reuters, Anheuser Busch InBev, Citi, Anheuser, Busch, Jefferies, Boeing, Bloomberg, Alcoa, Bank of America

☆ Some steady names with income to ride out what's often a tumultuous October
▼ + stars: | 2024-10-01 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

The month is normally the most inconsistent for stocks going back to 1950, with an average S & P 500 daily move of 1.3% in either direction, per FactSet data. The S & P 500 and Nasdaq Composite are up more than 20% in 2024 through Monday's close, while the Dow Jones Industrial Average has popped 12%. The major averages also ended September with solid gains that brought the Dow and S & P 500 to record levels. Against this backdrop, CNBC Pro screened for stocks that can ride out any volatility in the month ahead, with a history of producing steady income. PFE YTD mountain Pfizer stock.

Persons: Stocks, Goldman Sachs, James Schneider Organizations: Nasdaq, Dow Jones, Dow, CNBC Pro, DirecTV, Pfizer, Drug Administration Locations: Monday's

☆ After a week of records, there's one main market event that could change everything
▼ + stars: | 2024-09-29 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

The Fed's target inflation rate is 2%, so we're getting closer. In the week ahead, we get quarterly results from Club name Constellation Brands and the government's September employment report. Jobs, Jobs, Jobs This coming Friday's big update on the state of the labor market is the main market event and could have big implications for Wall Street and the path for Fed rate cuts. However, the market took the news in stride because recent weakness in the stock was already reflecting the sluggish sales environment. ET: September ADP Report Before the bell: Conagra (CAG) After the bell: Levi Strauss (LEVI) Thursday, Oct. 3 8:30 a.m.

Persons: Thursday's, Jerome Powell, we'll, We're, Levi Strauss, LEVI, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Dow Jones, Nasdaq, Treasury, Core PCE, GE Healthcare, Costco, Constellation Brands, Wall, ADP, Pacifico, McCormick &, PMI, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Covid, Corona, New York City

☆ EEOC says Globe Life "created, condoned" a work environment that is hostile and abusive to women
▼ + stars: | 2024-09-27 | by ( Susan Antilla | ) www.businessinsider.com time to read: +10 min

Federal agency finds Globe Life tolerated nonconsensual touch, unwelcome genital exposure, sexual quid-pro-quos at top agency. EEOC says agents at the Globe Life agency were employees, not contractors. Equal Employment Opportunity Commission has found that Globe Life tolerated a "pervasive pattern of harassing conduct" against women at one of its top-producing sales agencies. American Income Life is one of five wholly owned subsidiaries of Globe Life that sell life, accident, and supplemental health insurance. Globe Life disclosed that risk in its filing this morning with the SEC and said it would fight any such lawsuit vigorously.

Persons: EEOC, —, Arias, Mark P, Carey, Renee Zinsky, Michael Russin, she'd, Zinsky, AIL, Sarah Reay, Matthew D, Trina Orlando, Anne Rose Dana, King, Jennifer Haworth, Simon Arias, partied, marshaling, Globe, Panda, Wilmer Hale, Matt Darden, Abeni Mayfield, Department of Justice —, Deborah A, Kane, Amy Williamson Organizations: Globe Life, Service, Commission, Business, BI, Globe, Arias Organization, Securities and Exchange Commission, Wexford, King & Spalding, Las, Department of Justice, Research, SEC Locations: Southport , Connecticut, Wexford, Pennsylvania, Morgantown , West Virginia, Las Vegas, Columbia , Maryland, Pittsburgh

☆ Southwest Airlines raises summer revenue forecast, authorizes $2.5 billion in share buyback
▼ + stars: | 2024-09-26 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

DALLAS — Southwest Airlines raised its third-quarter revenue forecast on Thursday, announced its board authorized $2.5 billion in share buybacks and detailed a host of changes to its business model as it seeks to fend off activist Elliott Investment Management. Southwest executives are presenting their vision for the company's future at the airline's Dallas headquarters on Thursday in an investor day presentation. Southwest executives will try to convince investors that it is on the right track to boost profits and increase revenue. A day earlier, Southwest told staff it will slash its service in Atlanta next year and could cut more than 300 flight attendants and pilots from the city in an effort to reduce costs. Elliott later told Southwest mechanics' union that it still wanted a leadership change at the top of the carrier.

Persons: Bob Fornaro, Fornaro, Bob Jordan, Elliott, Gary Kelly, didn't, — CNBC's Rohan Goswami Organizations: DALLAS, Airlines, Elliott Investment Management, Spirit Airlines, Southwest, AirTran, Dallas Locations: Atlanta

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