--BP's lubricant business operates under the Castrol brand and could be worth about $10 billion in a deal. The unit is among the assets that Elliott has identified for potential disposals and the ...

Items high on the agenda could be exiting petrol service stations, selling Castrol lubricants and US shale oil and gas, and ...

BP shares have been underperforming for a few years now, but a recent uptick reflects growing interest in a revamped strategy ...

BP, IN which activist investor Elliott Investment Management has built up a nearly 5 per cent stake, is considering a ...

Southwest Airlines Co. will cut about 1,750 jobs in its leadership ranks, a dramatic step to reduce expenses that mark the ...

A sale of the business is one of the many options BP is considering to win back investor confidence after years of underperformance, sources said.

Southwest Airlines said Monday it will cut 15% of its corporate workforce, or 1,750 people — the first mass layoffs in the company’s history. The cuts will start in April and include senior leadership ...

JetBlue (JBLU) and Frontier Group (ULCC), the owner of Frontier Airlines, are rising 10% and 4%, respectively, today.

Southwest Airlines has announced its intention to lay off approximately 15% of its corporate staff. This decision has been described by its CEO as “unprecedented,” amid the company’s efforts to reduce ...

Southwest Airlines cut hundreds of corporate roles, including senior leadership and director positions, as it works to trim ...

Activist investors are making frequent demands for board seats—and having more success in gaining them. To deal with this, ...

Shares of Southwest Airlines are rising in premarket tradin, after the carrier said it plans to cut 15% of its corporate workforce, eliminating about 1,750 jobs.