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latest news in companies

Pershing Square Revises $900 Million Proposal for Howard Hughes

The Woodlands, Wednesday, 19 February 2025.
Pershing Square, led by Bill Ackman, revises their offer by proposing to buy 10 million new shares of Howard Hughes Holdings, seeking to increase its stake amidst evolving market conditions.

Currency Exchange International Halts Canadian Subsidiary Operations

Toronto, Wednesday, 19 February 2025.
Currency Exchange International discontinues operations of its subsidiary, Exchange Bank of Canada, as part of a strategic move to streamline operations. Discontinuation Pends Regulatory Approval by Q4 2025.

Southwest Airlines Announces Historic Layoffs Affecting Corporate Workforce

Dallas, Tuesday, 18 February 2025.
Southwest Airlines will lay off 1,750 corporate employees, marking the first widespread job cuts in its 53-year history, aimed at cost-saving and improving efficiency.

SMX Achieves Nasdaq Compliance, Securing Stock Market Stability

New York City, Tuesday, 18 February 2025.
SMX has regained compliance with crucial Nasdaq listing rules, eliminating delisting risks and bolstering investor confidence in their ongoing projects and market strategies.

American Express Gains UK Approval for CWT Acquisition

London, Tuesday, 18 February 2025.
American Express Global Business Travel has provisionally gained UK antitrust clearance to acquire CWT, despite pending regulatory challenges in the U.S. This strengthens its global market stance.

Alpha Modus Rings in Growth with NASDAQ Closing Bell

New York, Tuesday, 18 February 2025.
Alpha Modus Holdings celebrates its AI-driven investment success by ringing the NASDAQ closing bell, highlighting its commitment to leveraging AI for business advancement.

Sonoco Declares Consistent Dividend Amid Strong Tradition

Hartsville, Tuesday, 18 February 2025.
Sonoco declares a quarterly dividend of $0.52 per share, marking the 399th consecutive quarter of payouts, with an annualized dividend increase for 41 straight years, offering a 4.4% yield.

Elon Musk's xAI Unveils Grok 3 Model to Compete with ChatGPT

New York, Tuesday, 18 February 2025.
Elon Musk’s xAI has launched the Grok 3 AI model, claiming superior performance over rivals like ChatGPT, with enhanced capabilities for applications on iOS and web platforms.

Noble Corporation Announces Leadership Changes Amid 2024 Earnings Release

United States, Tuesday, 18 February 2025.
Noble reveals strategic executive changes alongside reporting $927 million in Q4 2024 revenue and integrating $50 million synergies from the Diamond acquisition to enhance shareholder value.

Southwest Airlines Cuts 1,750 Corporate Jobs to Boost Efficiency

Dallas, Tuesday, 18 February 2025.
Southwest Airlines announced a significant reduction in its corporate workforce, eliminating approximately 1,750 roles to save an estimated $300 million in 2026.