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Southwest is replacing its board of directors and its chairman is due to step down next year, but it plans to keep Chief Executive Robert Jordan in his position in some concessions to hedge fund Elliott Investment Management, which had called on the airline to make reforms, including firing Jordan.Southwest Airlines said Tuesday that six of its directors will step down in November and that it plans to appoint four new independent directors, potentially including candidates recommended by Elliott.Southwest Airlines shares fell 4% in morning trading Tuesday. Elliott, the fund led by billionaire investor Paul Singer, has taken a 10…

Please subscribe to Fox News to access this content You’ve reached the maximum number of articles. To continue reading, please log in or create a free account. By entering your email address and pressing “Continue”, you agree to Fox News’ Terms of Use and Privacy Policy, including the Financial Incentive Notice. Please enter a valid email address. Having problems? Click here. “Hillbilly Elegy” director Ron Howard said he was “very surprised and disappointed” by Republican vice presidential nominee J.D. Vance’s political comments, even though he was unaware of his political beliefs.Howard, a two-time Academy Award winner, recalled that he and…

Getty Images | SOPA Images Apple has suffered a major defeat as the European Union’s top court overturned an earlier ruling in favour of the tech giant and ordered the iPhone maker to pay 13 billion euros in back taxes. The ruling relates to a 2016 case in which EU competition chief Margrethe Vestager said Ireland had given the company an illegal special deal that resulted in a tax rate of less than 1%. In its final ruling on Tuesday, the European Court of Justice said it “affirms the European Commission’s 2016 decision that Ireland has given unlawful aid to…

Former Trump officials to join Harris campaign at debateTwo former Trump White House officials will join Kamala Harris’s campaign in Philadelphia as surrogates for Tuesday’s presidential debate, the Harris campaign announced.Anthony Scaramucci, who served as Donald Trump’s White House communications director, and Olivia Troye, who was homeland security adviser to Mike Pence and a top aide on the Trump White House’s coronavirus task force, will speak out against Donald Trump and for Harris ahead of the debate, the campaign said.Announcing the campaign’s plans to bring Scaramucci and Troye to the debate, the Harris-Walz campaign’s communications director Michael Tyler said: Listen,…

The Gaza Health Ministry said at least 19 people were confirmed dead in an Israeli military attack in the designated humanitarian area called Al-Mawasi, near Khan Yunis in southern Gaza.The death toll is likely to rise as more bodies are recovered.Earlier, Gaza’s Civil Emergency Services, which operates under the Hamas-run government, reported that at least 40 people were killed. The entire family, who had taken refuge in a tent, was killed.The IDF strongly disputed the initial figures, saying “the figures released by the Hamas regime are inconsistent with the information in the IDF’s possession, the exact munitions used, and the…

Exhibiting digital solutions that enable brand differentiation, labor savings, and improved customer service TOKYO – TOPPAN Digital Co., Ltd. (hereinafter referred to as TOPPAN Digital), a Toppan Group company and a wholly owned subsidiary of Toppan Holdings Co., Ltd., will exhibit at LUXE PACK Monaco 2024, an international trade fair for luxury packaging to be held in Monaco from September 30 to October 2. TOPPAN Digital has exhibited at LUXE PACK Monaco every year since 2019, showcasing solutions based on high-security NFC tags (authenticity determination and opening detection) and ID authentication platforms. This year, the focus will be on cosmetics,…

Federal Reserve officials on Tuesday announced a set of proposed changes to U.S. banking regulations that would cut by almost half the amount of additional capital that large financial institutions are forced to hold.Regulatory reforms known as the “Basel endgame”, introduced in July 2023, were supposed to increase capital requirements for the world’s largest banks by around 19%.Instead, officials from the Fed, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. agreed to resubmit a larger proposal with a more modest proposal to increase capital for large banks by 9%, Fed Vice Chairman for Supervision…

Kamala Harris and Donald Trump will face off in a presidential debate on Tuesday night, their first and likely only meeting before the November election. The two candidates are currently neck and neck in the polls, and the debate is widely seen as a crucial moment in the 2024 campaign.The vice president is expected to use the 90-minute debate as an opportunity to detail his campaign platform and further present himself as a different candidate to Joe Biden, with the Trump campaign hoping to portray the former president as “happy.”In a close race that may be decided by a tiny…

A Delta Air Lines Airbus A350 and an Endeavor Air Bombardier CRJ900 jet collided on a runway at Atlanta airport on Tuesday morning, according to the Federal Aviation Administration.”Delta Flight 295 was taxiing for takeoff from Hartsfield-Jackson Atlanta International Airport when its wingtip struck the tail of Endeavor Air Flight 5526,” the FAA said in a statement to Fox News Digital.”The Delta Air Lines Airbus A350 was en route to Tokyo. The Endeavour Bombardier CRJ900 was en route to Lafayette, Louisiana,” the FAA added. “The FAA will investigate the incident, which occurred at approximately 10:10 a.m. local time on Tuesday,…

Explore”We want you to build it here”: How Dayton and Ohio landed Joby Aviation’s historic eVTOL factoryJoby is also making similar inroads in other markets, having signed a deal with Dubai in February to launch an air taxi service in the emirate.Also in April, Joby expanded its partnership with the UAE through a multilateral memorandum of understanding with the UAE’s Ministry of Municipality and Transport to establish air taxi services in Abu Dhabi and beyond.In a statement on Tuesday, Bevert said Joby is ready to “lay the foundation for the world’s first electric air taxi network, using our innovative aircraft…