Ron Coughlin is also stepping down from the board, which has appointed R. Michael Mohan to serve as interim CEO.

Southwest and Alaska Air say delays in receiving jets may upend flying plans; United and Southwest will slow their hiring of pilots.

The company corrected some past financial results while reporting lower quarterly sales and a more than 40% drop in earnings compared with a year ago.

Books have closed for British American Tobacco’s share sale in Indian conglomerate ITC that is likely to fetch the U.K.-based company over $2.0 billion.

The transition comes as the company navigates waves of claims related to so-called forever chemicals that have weighed on its stock.

The Insurance Institute for Highway Safety’s ratings of the systems—which automate steering and speed—prod automakers to improve safeguards.