Business Highlights
DALLAS (AP) — Two major unions at Southwest Airlines are demanding that the carrier replace its CEO because of the technology outage that caused the airline to cancel or delay thousands of flights in July.
Energy companies took the biggest losses as U.S. crude hovered around $40 a barrel, its lowest price in almost four months, and materials companies also traded lower.
Every oil, gas and pipeline company on the Standard & Poor's 500 finished lower as a slump in the price of oil and other fuels extended into a third week.
The losses for energy and mining, chemical and building companies canceled out gains for technology and health care companies.
NEW YORK (AP) — Gawker founder Nick Denton filed for personal bankruptcy Monday in the aftermath of a Florida jury's awarding $140 million to Hulk Hogan in a privacy case revolving around a sex tape posted on Gawker.com.
Filing for bankruptcy protection helps shield him from Hogan after Denton's other legal efforts to block Hogan from collecting failed.
NEW YORK (AP) — Verizon said Monday that it plans to pay about $2.4 billion to buy Fleetmatics, which makes software used by cable companies, energy providers and others to manage their fleets of vehicles.
NEW YORK (AP) — McDonald's, which is trying to shake its image for serving processed junk food, said Monday it's eliminating some unpalatable ingredients from its most popular menu items.
(AP) — Virgin Galactic says it has received an operating license for its space tourism rocket from the Federal Aviation Administration.
LAGOS, Nigeria (AP) — A Nigerian accused of scamming $60 million from companies around the world through fraudulent emails has been arrested after months of investigation, Interpol and Nigeria's anti-fraud agency said Monday.
In other energy trading, wholesale gasoline fell 2 cents to $1.30 a gallon.