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Chuck Smith monitors the manufacturing process of the series 6 solar panels during a tour of a First Solar plant in Walbridge, Ohio, U.S., October 6, 2021. First Solar reported second-quarter results Tuesday that beat revenue and earnings expectations, but the solar technology company left its forecast for the year unchanged. First Solar stock rose about 1% in extended trading. Net income more than doubled to $349.4 million, or $3.25 per share, from $171 million, or $1.59 per share, a year ago. The company maintained its sales forecast for the year of $4.4 billion to $4.6 billion.
Persons: Chuck Smith, Donald Trump Organizations: LSEG Locations: Walbridge , Ohio, U.S
Some railroad unions want more scrutiny of the safety of remote control operations major railroads have used for years in and around railyards without significant problems. Remote control train operators might have only a month or two of training before taking the controls, although the length of training varies by railroad. Safety statistics on railroad crashes are unclear because Federal Railroad Administration reports don't break out those involving remote control trains from incidents involving trains operated by engineers and conductors. Grissom said his union has had three members die in incidents involving remote control trains since 2015. He said Anderson's death, combined with fiery derailments that have happened across the country this year, reinforce the need for stronger railroad safety regulations.
Persons: Don Grissom, Brotherhood of Railway Carmen, ” Grissom, Grissom, hasn't, Fred Anderson, carmen, Anderson, Bryan Tucker, didn't, Eddie Hall Organizations: CSX, Brotherhood of Railway, National Transportation Safety, Federal Railroad Administration, NTSB, of Locomotive Engineers, Railroad Administration, Norfolk Southern Locations: OMAHA, Neb, railyards, Walbridge , Ohio, Jacksonville , Florida, Norfolk, East Palestine, Ohio
The company developed wearable smart badges that made COVID-19 contact tracing more efficient. Now it's looking to use 5G tech to reduce construction-site injuries and increase efficiency. The workers' badges beeped and vibrated when they got within 6 feet of each other. Taking things to the next level with 5GKwant's smart badges are part of a category known as the Internet of Things. Recognizing the potential of smart badges across industries, Shrestha's team has built 5G integration into the badges.
Persons: Walbridge, John Jurewicz, Kwant, Niran Shrestha, Shrestha Organizations: Service, General Motors, Bluetooth, 5G, Tech Locations: Wall, Silicon, COVID
A railroad worker is dead after being hit by a remote-controlled train on a CSX railyard in Ohio. This is the third time a railway worker has been killed in an incident involving a remote-controlled train. The National Transportation Safety Board is investigating the death, which happened shortly before 4 a.m. Sunday in Walbridge, Ohio. AdvertisementAdvertisementTypically, a railroad worker stationed on the ground near a train controls its movements with a remote, although sometimes that worker rides aboard the train while it is moving. Railroad safety has been a key concern nationwide this year ever since a Norfolk Southern train derailed and caught fire in eastern Ohio in February.
Persons: Brotherhood of Railway Carmen, Keith Holloway, Fred Anderson, carman, Artie Maratea, Sheriee Bowman Organizations: CSX, Service, Transportation Communications Union, Brotherhood of Railway, National Transportation Safety, CSX —, Federal Railroad Administration, Railroad Locations: Ohio, Wall, Silicon, Walbridge , Ohio, Jacksonville , Florida, Norfolk Southern
A railroad worker died over the weekend after he was struck by a remote-controlled train in a CSX railyard in Ohio, raising concerns among unions about such technology. The National Transportation Safety Board is investigating the death, which happened shortly before 4 a.m. Sunday in Walbridge, Ohio. The Federal Railroad Administration has approved the use of remote-controlled locomotives since 2005. Typically, a railroad worker stationed on the ground near a train controls its movements with a remote, although sometimes that worker rides aboard the train while it is moving. Railroad safety has been a key concern nationwide this year ever since a Norfolk Southern train derailed and caught fire in eastern Ohio in February.
Persons: Brotherhood of Railway Carmen, Keith Holloway, Fred Anderson, carman, Artie Maratea, , Sheriee Bowman Organizations: CSX, Transportation Communications Union, Brotherhood of Railway, National Transportation Safety, CSX —, ” Transportation Communications Union, Federal Railroad Administration, Railroad Locations: Ohio, Walbridge , Ohio, Jacksonville , Florida, Norfolk Southern
Check out the companies making the biggest moves midday:First Solar — Shares soared 26.48% after the solar company announced it is acquiring Evolar AB for up to $80 million. First Solar said the acquisition of the European company, which develops thin film used in solar panels, should accelerate its development of next-generation photovoltaic technology. News Corp — The media company's stock popped 8.48% after it reported an earnings and revenue beat for its fiscal third quarter after the bell Thursday, according to FactSet. JD.com — The Chinese e-commerce company's U.S.-listed shares slid 6.19%, a day after gaining 7.2% on an earnings beat. Charles Schwab — Shares of the brokerage firm rose 2.54% Friday after the company reported total client assets rose 1% in April.
The two data points out Tuesday illustrate the uneven impact the U.S. central bank's rate hikes are having so far on the economy. Manufacturing output rose 0.4% last month, keeping pace with an upwardly revised 0.4% gain in August, the Federal Reserve said on Tuesday. Overall industrial production rose 0.4%, after slipping 0.1% the prior month. The rate hikes have torpedoed activity in the housing sector, and Wednesday's data from the National Association of Home Builders reinforced that. "And given expectations for ongoing elevated interest rates due to actions by the Federal Reserve, 2023 is forecasted to see additional single-family building declines as the housing contraction continues."
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