DIRS.INFO The most relevant business & tech news

☆ Ukraine at last has all the Abrams tanks the US promised. Now the question is how best to use them.
▼ + stars: | 2023-10-28 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

Ukraine has received all 31 of the formidable M1A1 Abrams tanks promised by the US. Ukraine will have to be careful with how it employs the Abrams, especially as the counteroffensive likely slows in coming months. But don't expect to see many showdowns with Russian tanks. Russian minefields have held Ukraine's armor at bay, while artillery and anti-tank missiles threaten the vehicles that do advance. Soldiers handle a US M1 Abrams tank during the Finnish Army mechanized exercise "Arrow 23" at the Pohjankangas shooting and training area in Niinisalo, Finland, on May 4, 2023.

Persons: —, Abrams, Mark Cancian, Volodymyr Zelenskyy, Biden, Olivia Yanchik, that's, ANTTI AIMO, Moscow's, Ukraine's, Russia's, Yanchik, Cancian, JONATHAN NACKSTRAND, Zelenskyy, ATACMS Organizations: US, Abrams, Service, Center for Strategic, International Studies, US Marine Corps, US Army, Council's Eurasia Center, Royal United Services Institute, M1 Abrams, Finnish Army, Getty, Trident, Russian, U.S . Marine Corps M1A1, 1st Tanks Bravo Company, Marine, Palms Marine Corps Base, US Department of Defense, MGM, Tactical Missile Systems, NATO Locations: Ukraine, Kyiv, Niinisalo, Finland, AFP, Zaporizhzhia, NATO, Oppdal, Norway, Azov, California, Russia

☆ Ukrainian soldiers' most urgent needs are tourniquets and armored cars to evacuate wounded troops
▼ + stars: | 2023-10-28 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +3 min

Among other things, "There's a need for tourniquets," Melinda Haring told Insider. "The medic that I spoke to said they need more armored cars," Haring said. The reason Ukrainian medics may enjoy some respite in the winter is they can transport people from the battlefield using the cover of darkness. Additionally, Harding said, there's "a need for tourniquets," without which injured soldiers would bleed out in armored vehicles. About 70,000 Ukrainian soldiers have been killed since Russia launched its full-scale invasion, according to a US estimate reported by The New York Times in August; between 100,000 and 120,000 have also been wounded.

Persons: Melinda Haring, —, Haring, Harding, Joe Biden's Organizations: Service, Atlantic Council, The New York Times, United, State Department . Volunteers, Ukraine Locations: Washington, Ukraine, Zaporizhzhia, Russia, United States

☆ On Ukraine's frontlines, soldiers show steely determination. But they also experience burnout, depression, divorce, 'and a lot of PTSD'
▼ + stars: | 2023-10-28 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +5 min

Ukraine's soldiers are "steely" and "determined" but also experiencing burnout, an expert says. "There's a lot of stories of divorce and of family separation and also depression," she told Insider. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Soldiers only get 30 days off each year — and can only take up to 10 days off at a time. There's a lot of stories of divorce, and of family separation, and also depression.

Persons: Melinda Haring, —, Haring, " Haring, Vladimir Putin, Putin, let's, He'll, he'll Organizations: Atlantic Council, Service, New York Times Locations: Ukraine, Washington, Zaporizhzhia, Kyiv, Russia, Russian, Crimea

That included a defensive performance that held Wake Forest (4-4, 1-4) to just 75 first-half yards and 210 for the game. Wake Forest: The Demon Deacons had won three straight meetings but never seriously threatened to add a stunner to the list. In fact, Ellison's long early run came after the Demon Deacons had managed just 20 total yards to that point. Wake Forest added a short third-quarter touchdown run by Tate Carney but it got little through the air with quarterback Mitch Griffis (82 yards, 6 for 16). Wake Forest: The Demon Deacons have a short week, traveling to No.

Persons: WINSTON, — Keon Coleman, Trey Benson, Jordan Travis, Coleman, Caelen Carson, Travis lofted, Carson, shrugged, Benson —, —, Garnes, Justice Ellison, Ke'Shawn Williams, Coleman's, Johnny Wilson, Tate Carney, Mitch Griffis, Duke Organizations: Florida State, Wake, Seminoles, Atlantic Coast Conference, FSU, ACC, Michigan State, Demon Deacons, Deacons, Pittsburgh, AP Locations: SALEM, N.C, Travis, Wake

☆ Ukraine has fallen behind Russia in the drone production race, experts say
▼ + stars: | 2023-10-28 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +6 min

Ukraine is falling behind Russia when it comes to the future of warfare, an expert told Insider. "The Ukrainians are way behind the Russians on drones, and this is the future of the war," Haring said. "Ukraine doesn't have enough drone pilots, and they don't have enough sophisticated drones." "Ukraine led in the technological race at the beginning, but the size and the scale of Russia is now working in its favor. It means that Ukraine has to make some choices about which specific drones it wants to invest in," Bendett said.

Persons: Melinda Haring, —, Melissa Haring, Haring, They're, Samuel Bendett, Bendett Organizations: Atlantic Council, Service, Russia, Russian, Ukrainian, The New York Times, Center for Naval Analyses Locations: Ukraine, Russia, Turkish, Moscow, Ukrainian, Washington

☆ A bullish portfolio manager shares why there won't be a recession as GDP growth reaccelerates — and names 8 stocks set to benefit from strong consumer spending
▼ + stars: | 2023-10-27 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

"Based upon the economic data that I've seen and what you read and hear about, I do not expect there to be a recession," Pounardjian said in a recent interview with Insider. And what happens, of course — there's not a recession," Pounardjian said. 8 ways to bet on strong consumer spendingWhile many of his fellow portfolio managers ditched stocks, Pounardjian stayed calm last year and kept his clients' money in markets. "The baby gets thrown out with the bathwater, and the market shoots first and asks questions later," Pounardjian said of consumer stocks. Below are eight stocks in the consumer staples sector that are held by Pounardjian, his clients, or both.

Persons: Razmig Pounardjian, Pounardjian, We've, There's, it's, Derek Thompson Organizations: Bulls, Carnegie Investment, The

☆ Opinion | The Conflicted Legacy of Mitt Romney
▼ + stars: | 2023-10-27 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +1 min

After factional infighting dominated the G.O.P.’s struggle to elect a House speaker, it feels weirdly quaint to revisit Mitt Romney’s career. He’s served as governor, U.S. senator and presidential nominee for a Republican Party now nearly unrecognizable from what it was when he started out. At the end of his time in public office, Romney has found a new clarity in his identity as the consummate institutionalist in an increasingly anti-constitutionalist party. In this resulting biography “Romney: A Reckoning,” Coppins pushes Romney to wrestle with his own role — even complicity — in what his party has become. In this conversation, guest host Carlos Lozada and Coppins examine Romney’s legacy at a time when it may seem increasingly out of place with the mainstream G.O.P.

Persons: Mitt Romney’s, He’s, Romney, wasn’t, McKay Coppins, “ Romney, Coppins, —, “, Ezra Klein, Carlos Lozada, George, Donald Trump Organizations: Republican Party, Apple, Spotify, Amazon Music, Google, Republican, Tea Party, Trump Locations: U.S

INDIANAPOLIS (AP) — Regular-season conference champions are no longer guaranteed spots in the National Invitation Tournament. The NIT Board of Managers tweaked its qualifying rules for its postseason tournament Friday, saying regular-season champs who do not win their conference tournament and are not otherwise selected to the NCAA Tournament will not receive an automatic bid to the NIT. Instead, the NIT will guarantee two teams — based on the NET rankings — from each of major six conferences, the Atlantic Coast, the Big East, the Big Ten, the Big 12, the Pac-12 and the Southeastern. The top two teams in the NET rankings not qualifying for the NCAA Tournament from each conference, regardless of win-loss record, will be selected. Additionally, the 12 teams automatically selected will be guaranteed the opportunity to host a game in the first round of the NIT.

Organizations: INDIANAPOLIS, NIT, NCAA, Big, Southeastern Locations: Atlantic Coast

casey newtonAnd this caused a big sort of emotional reaction that said, wow, that feels like really, really icky. It’s just really, really awful. How do I get really, really good at this? But we have that explosion at the beginning, which is really, really exciting. I’m still interested in smartphones because I think they’re really, really advanced pieces of tech.

Persons: kevin roose, Kevin Roose, ” casey newton, Casey Newton, ” kevin roose, casey newton Oh, casey newton, ” kevin roose You’re, kevin roose That’s, kevin roose I’m Kevin Russo, Marques Brownlee, a.k.a, We’ve, don’t, casey newton Well, Meta, It’s, casey newton Right, casey newton It’s, kevin roose Totally, I’ve, you’re, Instagram, Snapchat, TikTok, They’re, that’s, kevin roose Casey, Hansel, Gretel, let’s, they’re, casey newton Jewel, ”, Juul, Meta didn’t, we’ve, “ We’re, There’s, Al Capone, They’ve, —, Kevin, casey newton I’ve, casey newton That’s, Marquez Brownlee, Casey, He’s, Marquez, he’s, Elon Musk, Sundar Pichai, you’ll, marquez brownlee, casey newton I’m, You’ve, casey newton Let’s, you’ve, it’s, I’m, he’ll, kevin roose Marquez, PewDiePie, marquez brownlee I’ll, they’ve, Ralph, That’s, kevin roose It’s, you’d, we’re, I’d, casey newton Libraries ! marquez brownlee, everyone’s, Samantha, Davis, Fancy, Bard, DALL, Midjourney, ChatGPT, Bing, who’s, it’ll, OpenAI, Pope, kevin roose Pope, — casey newton, casey newton Ah, Mickey Mouse, Eli Lilly, barbecuing, bro, Fabio, Getty, Greg Rutkowski, kevin roose Really, Greg, there’s, Ben Zhao, casey newton We’re, Bob Ross Organizations: The New York Times, YouTube, Meta, pharma, AGs, Netflix, COPPA, Facebook, Congress, Digital Services, Federal Communications Commission, ABC, CBS, FCC, Samsung, casey newton Libraries, VR, Apple, ChatGPT, Enterprise, DALL, Disney, Twitter, Getty, “ MIT Tech, University of Chicago, Adobe Locations: California, Colorado, what’s, you’re, Europe, United States, China, earbuds

☆ Talks Set to Resume in St. Lawrence Seaway Strike
▼ + stars: | 2023-10-26 | by ( Robb M. Stewart | ) www.wsj.com time to read: 1 min

A tugboat pushes a barge through the Welland Canal near Port Colborne, Ontario. The Welland Canal is part of the St. Lawrence Seaway. Photo: James MacDonald/Bloomberg NewsThe Canadian company responsible for managing the key St. Lawrence Seaway will resume negotiations later this week in an effort to end a strike that has shut the trade route that connects the Great Lakes with the Atlantic Ocean. St. Lawrence Seaway Management said talks with trade union Unifor are set for Friday morning. Negotiations over a wage deal broke down over the weekend and about 360 workers who operate lock systems, bridges and other infrastructure along the Canadian side of the seaway walked off the job just after midnight Sunday.

Persons: James MacDonald Organizations: Lawrence Seaway, Bloomberg, The Canadian, Lawrence Seaway Management, seaway Locations: Welland, Port Colborne , Ontario, St, Lawrence

The strike has shut down 13 locks between Lake Erie and Montreal, bottling up ships in the Great Lakes and preventing more ships from coming in. It’s the first time that a strike has shut down the vital shipping artery since 1968. A U.S. Navy warship, the littoral combat ship USS Marinette, was supposed to leave Cleveland on Lake Erie on Monday, but remains stuck. Shipments within the four Great Lakes from Superior to Erie such as iron ore and coal can still go through. MarineTraffic.com showed that it was headed into Lake Erie, but it can go no farther without a resolution.

Persons: ”, Jason Card, “, Unifor, It's, MarineTraffic.com, —, John Jamian, ” Jamian, Isadora, There’s, Jason Hron, ” Hron Organizations: Lawrence Seaway, Lawrence Seaway Management Corp, Ships, “ lakers, Canadian, Seaway, binational Chamber of Marine Commerce, Officials, Management, seaway, — salties, lakers, U.S . Navy, Port, Duluth Seaway Port Authority Locations: MINNEAPOLIS, St, Lawrence, Canada, United States, Ontario, Quebec, Unifor, Lake Erie, Montreal, Great, The St, Lake Superior, Minnesota, Wisconsin, Ottawa, Welland, U.S, Marinette, Cleveland, Thunder Bay , Ontario, Superior, Detroit, Lakes Huron, Erie, Port of Detroit, Europe, She’s, Twin Ports, Duluth , Minnesota, Superior , Wisconsin, Cyprus, Algeria, Duluth Seaway, Lakes

☆ Review: ‘Lyonesse’ Is a Starry Mess
▼ + stars: | 2023-10-26 | by ( Matt Wolf | ) www.nytimes.com time to read: +1 min

“We dream big,” says a no-nonsense film executive early in “Lyonesse,” the starry, if overstuffed, new play that opened Wednesday night at the Harold Pinter Theater, in London. And so, too, does this West End debut from Penelope Skinner, a British playwright whose works have long enlivened small theaters on both sides of the Atlantic. The themes arrive thick and fast across nearly three hours: #MeToo, cancel culture, the tyranny of men and many others. But not even Lily James and Kristin Scott Thomas, the production’s commercial draws, can transform the scattershot material into a coherent whole. It takes courage to open a new play in the West End without a previous run somewhere else, but “Lyonesse” whimpers where it should roar.

Persons: Harold Pinter, Penelope Skinner, Lily James, Kristin Scott Thomas, Ian Rickson —, James, Kate, doesn’t Organizations: Harold Pinter Theater Locations: “, London, British

Intra-European travel has been doing very well," said aviation analyst James Halstead, adding that limited planes meant ticket prices could stay high. Britain's easyJet (EZJ.L) said earlier this month it wanted to more than double profits and expand its fleet, even though fuel prices could mean higher ticket prices. Spot Northwest European jet fuel prices were at $957 per metric ton on Wednesday, up 5% from before the assault. JET FUELSome airlines have already warned that rising fuel costs will drive up ticket prices or dampen future earnings. He said ticket prices could go up by a mid-single digit percentage ahead of Christmas.

Persons: Charles de, Benoit Tessier, James Halstead, You've, Michael O'Leary, it's, Neil Glynn, Alexander Irving, Bernstein, Agata Rybska, Natalie Grover, Josephine Mason, Mark Potter Organizations: Lufthansa Airbus, Charles de Gaulle International Airport, REUTERS, Air France, KLM, Lufthansa, Air, Brent, JET, Ryanair, Air Control, Thomson Locations: Charles de Gaulle, Roissy, Paris, Israel, Palestinian, Europe, Air France, Ukraine, Gdansk, London

☆ Jake Sullivan’s ‘Quieter’ Middle East Comments Did Not Age Well
▼ + stars: | 2023-10-26 | by ( Katie Rogers | More About Katie Rogers | ) www.nytimes.com time to read: +6 min

In a 7,000-word essay for Foreign Affairs magazine published this week, Jake Sullivan, President Biden’s national security adviser, tried to sum up the state of the Middle East. Before the article was posted online, Foreign Affairs asked Mr. Sullivan to update it to reflect the Hamas attack. The online version scrubbed Mr. Sullivan’s “quieter” sentence, as well as his assertion that the Biden administration had “de-escalated” crises in Gaza. A fund-raising email sent to supporters by the Trump campaign on Wednesday chastised “Biden’s Delusional National Security Adviser” with a link to a story about Mr. Sullivan’s comments. Not all of Mr. Sullivan’s critics are on the right.

Persons: Jake Sullivan, ”, “, Mr, Sullivan, Biden, ” Mr, Trump, “ Biden’s, Sullivan’s, Brett Bruen, Obama, he’s, Bruen, Hillary Clinton, Jake doesn’t disabuse, Adrienne Watson, Ron Dermer, Ms, Watson, ” Edward Wong Organizations: Foreign Affairs, “, ”, Hamas, Gaza, Foreign, The, National Security Council, West Bank, Soviet, Cuban Locations: Gaza, Israel, United States, Yemen, Iran, Afghanistan, U.S, Saudi Arabia, Kuwait

☆ Spain to create emergency accommodation for 3,000 migrants
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Borja Suarez/File Photo Acquire Licensing RightsMADRID, Oct 26 (Reuters) - Spain said on Thursday it would create additional emergency accommodation for 3,000 undocumented migrants in military barracks, hotels and hostels amid a 55% jump in arrivals by sea this year, which has triggered political tension. Escriva declined to disclose how many additional beds will be created, but a ministry source told Reuters it would be around 3,000 in total. But this time the central government's approach has been to expand emergency accommodations across the country, hoping to ease pressure on the Canaries. Following police screenings, migrants will be placed in the military barracks, hotels, hostels and other types of accommodations on a voluntary basis, the ministry source said. Escriva argued the situation was well-handled and manageable, and said some conservative politicians were whipping up what he called xenophobic rhetoric.

Persons: Borja Suarez, Jose Luis Escriva, Escriva, Isabel Diaz Ayuso, Belén Carreño, Joan Faus, Emma Pinedo, Jonathan Oatis Organizations: Gran Canaria, REUTERS, Rights, Union, Canaries, Madrid, Thomson Locations: Spanish, Arguineguin, Gran, Spain, Rights MADRID, Madrid, West Africa, Canary, Italy, Lampedusa

☆ Can anyone save the internet? Neal Agarwal is trying, one Hampster Dance at a time.
▼ + stars: | 2023-10-26 | by ( Brian Barrett | ) www.businessinsider.com time to read: +13 min

Internet Artifacts is the latest project from Neal Agarwal, the creative 25-year-old coder who launched neal.fun six years ago today. "I grew up at the tail end of that era of the internet," Agarwal said. Internet Artifacts has taken closer to three months. Internet Artifacts takes several touchstones of the anteplatformian internet and places them on literal digital pedestals. As delightful as Internet Artifacts is to click through, it also provides valuable context for Agarwal's larger ambition.

Persons: Neal Agarwal, Agarwal, antic, Steve Jobs, Jamie Cohen, It's, coders, he'd, —, Bill Gates, Josh Wardle, Neal, neal.fun, Brandon Chilcutt's, Jessa Lingel, Nicole He, Matthew Rayfield, Brian Moore, Wardle, what's, There's, Brian Barrett Organizations: today's, Adobe, Apple, Developers, MySpace, Facebook, Twitter, CUNY, Virginia Tech, Ripley's, The New York Times, Napster, University of Pennsylvania's Annenberg School for Communication, Immaculate Grid, MacWorld, Wired, Yorker Locations: Queens, Fairfax , Virginia, MSCHF, New York

☆ Brazilian Oil Industry Gets Support From New Congressional Caucus
▼ + stars: | 2023-10-26 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

By Anthony BoadleBRASILIA (Reuters) - Brazilian lawmakers have set up a congressional caucus to represent Brazil's oil and gas industry, led by state-run producer Petrobras, and to back the company's plans to explore offshore fields near the mouth of the Amazon River. Petrobras has planned to explore in the so-called Northern Brazilian Equatorial Margin, following major discoveries in neighboring Guyana and Suriname. We have to explore for oil at the mouth of the Amazon," Pazuello said. The Parliamentary Front in Support of Oil, Gas and Energy, as the caucus is called, was launched on Tuesday with 217 members, or 42% of the lower chamber of Congress. He said the launch of the caucus received unprecedented support in Congress and was a non-partisan effort.

Persons: Anthony Boadle BRASILIA, Eduardo Pazuello, Luiz Inacio Lula da Silva's, Pazuello, Equinor, Washington Quaquá, Jair Bolsonaro, Anthony Boadle, Rod Nickel Organizations: Reuters, Petrobras, Wednesday, Mines and Energy Ministry, Gas, Energy, Lula's Workers Party Locations: Para, Guyana, Venezuela, Suriname, Brazil, Rio de Janeiro

The hurricane was expected to weaken quickly in Guerrero state’s steep mountains. Otis had strengthened rapidly, going from a tropical storm to a Category 5 hurricane in 12 hours Tuesday. Otis’ arrival came just days after Hurricane Norma struck the southern tip of Mexico’s Baja California Peninsula to the north. Acapulco is a city of more than 1 million people at the foot of steep mountains. The storm was expected to become a powerful extratropical cyclone by Thursday, according to the U.S. National Hurricane Center.

Persons: — Hurricane Otis, Otis, “, Abelina López, Pauline, López, Otis ’, Norma, Coyuca de Benitez, Hurricane Tammy, Tammy Organizations: —, U.S, National Hurricane Center Locations: ACAPULCO, Mexico, — Hurricane, Pacific, Acapulco, Guerrero, Guerrero’s, Mexico’s Baja California, El Papayo, Coyuca, Hurricane, Lesser Antilles, Bermuda, Mexico City

☆ Hurricane Otis weakens over southern Mexico after battering Acapulco
▼ + stars: | 2023-10-25 | by ( ) www.cnbc.com time to read: +3 min

People stand on the beach after Hurricane Otis' arrival alert in Acapulco, Guerrero state, Mexico on October 24, 2023. Hurricane Otis slammed into Mexico's southern Pacific coast as a catastrophic Category 5 hurricane early Wednesday, bringing dangerous winds and heavy rain to Acapulco and surrounding towns, stirring memories of a 1997 storm that killed dozens of people. The center of Otis is expected to move farther inland over southern Mexico through Wednesday night. Otis is stronger than Hurricane Pauline that hit Acapulco in 1997, López said. Otis' arrival came just days after Hurricane Norma struck the southern tip of Mexico's Baja California Peninsula to the north.

Persons: Hurricane Otis, Otis, Abelina López, Pauline, López, Norma, Coyuca de Benitez, Hurricane Tammy, Tammy Organizations: Hurricane, U.S, National Hurricane Center Locations: Hurricane, Acapulco, Guerrero, Mexico, Pacific, Chilpancingo, Guerrero's, Mexico's Baja California, El Papayo, Coyuca, Lesser Antilles, Bermuda

☆ Iran is stepping up its shadow war with Israel to boost its clout — but it could backfire
▼ + stars: | 2023-10-25 | by ( Tom Porter | ) www.businessinsider.com time to read: +8 min

But it appears wary of provoking a wider, regional war. As part of this covert war, Iran has funded and trained a network of militias stretching across the Middle East. Iran has threatened Israel with the prospect of a wider regional war if it invades Gaza, reported Al Jazeera. But Iran faces a dilemmaIranian officials have told Reuters that Iran faces a dilemma in its response to the Israel-Hamas war. "Iranian behavior is a key factor in whether this remains contained or spreads into a wider regional war.

Persons: —, Gaza Ilia Yefimovich, Israel, Trump, Trump administration's Abraham, Iran —, Tobias Borck, Al, Alex Vatanka, Abraham, Mahmud Abbas, Xi Jinping, Jade Gao, it's, Jonathan Fulton Organizations: Service, Hamas, CNN, dpa Israel, St, The New York Times, Trump administration's, Trump administration's Abraham Accords, Royal United Services Institute, Israel, Hezbollah, Reuters, US, West Bank, East Institute, Abraham Accords, of, People, The Atlantic Council Locations: Iran, Israel, Gaza, Lebanon, Saudi Arabia, Palestinian, Tehran, Saudi, Al Jazeera, China, Beijing

The people spoke to the AP on condition of anonymity because a formal announcement was still in the works. AAC Commissioner Mike Aresco was planning to attend a news conference at West Point, New York, with school officials later Wednesday. Army will replace SMU, which is moving to the Atlantic Coast Conference, to keep the American a 14-team football league. Army mostly competes in the Patriot League, but it has been an independent in football for most of the program's existence. The Black Knights competed in Conference USA from 1998-2004 and never won more than three football games in a season.

Persons: Mike Aresco, Ralph D, Russo Organizations: American Athletic Conference, Army, Associated Press, Wednesday, SMU, Atlantic Coast Conference, league, Navy, Patriot League, Black Knights, USA, AP Locations: West Point , New York

☆ Norfolk Southern profit slumps, takes $163 mln charge on Ohio derailment
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Jonathan Drake/File Photo Acquire Licensing RightsOct 25 (Reuters) - U.S. railroad operator Norfolk Southern's (NSC.N) third-quarter profit slumped 41% on Wednesday as the company took another hefty charge related to the Eastern Ohio freight train derailment. The company took a $163 million hit in the quarter following a $416 million charge on its quarterly statement in the second quarter and a $387 million charge in the first. Norfolk reported quarterly income from railway operations of$756 million, including the derailment charge, compared to $1.3 billion earned last year. The company's quarterly results were in contrast with that of peer Union Pacific (UNP.N), which reported profit above estimates last Thursday. Reporting by Ananta Agarwal and Mehr Bedi in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

Persons: Jonathan Drake, Ananta Agarwal, Mehr Bedi, Arun Koyyur Organizations: University of North, REUTERS, U.S . Justice, Union Pacific, Thomson Locations: Norfolk Southern, Chapel Hill , North Carolina, U.S, Norfolk, Eastern Ohio, of Mexico, Great Lakes, Bengaluru

Oregon State and Washington State claim the actions of the Pac-12 and Commissioner George Kliavkoff in response to members announcing their intent to leave the conference in 2024 show those departing schools relinquished their rights to decide the long-term future of the league. “The Pac-12 cannot continue to be paralyzed at such a critical time," Washington State and Oregon State said in a joint statement. Earlier this month, the University of Washington asked to intervene in the case and for the court to dismiss the lawsuit brought by Oregon State and Washington State. A mediation process is also ongoing between Oregon State and Washington State and the 10 departing Pac-12 members. Lastly, according to the filing, Kliavkoff sent a text message to representatives of Oregon State, Washington State, Stanford and Cal following announcements by Washington, Oregon, Arizona, Arizona State and Utah on Aug. 4 that they were leaving for new conferences stating: “(a)s of today we have 4 board members."

Persons: George Kliavkoff, Gary Libey, “, Kliavkoff, ___, Ralph D, Russo Organizations: Oregon State, Washington State, Washington, Superior Court, Pacific, University of Washington, USC, UCLA, Stanford, Cal, Atlantic Coast Conference, AP Locations: Oregon, Washington State, Washington , Oregon, UCLA, Southern California, Stanford , California , Arizona, Arizona State , Utah, Colorado, Washington, Washington , Oregon , Arizona, Arizona State and Utah

☆ Russia launched its biggest attack in months. Huge tank losses show it isn't learning from its many defeats, expert says
▼ + stars: | 2023-10-25 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +5 min

Russia launched its first major offensive in months on the village of Avdiivka — but it's not going well. Western observers have remarked on large Russian losses around Avdiivka, where Russia has failed to make significant advances despite committing large numbers of troops and vehicles. AdvertisementAdvertisementBailey pointed to Russia's efforts in Vuhledar, another town nearby, where Russian attacks ended in defeat and huge tank losses earlier this year. Russia launched its assault on Avdiivka, in Ukraine's eastern Donetsk region, on October 10, Ukraine said. Ukrainian units have shared footage of intense fighting and destroyed Russian vehicles.

Persons: it's, Russia hasn't, —, Riley Bailey, Avdiivka, Bailey, Vladimir Putin, ISW Organizations: Service, Institute for, Mechanized Brigade, Russia, Atlantic Council Locations: Russia, Ukraine, Ukrainian, Avdiivka, Vuhledar, Avdiivka ., Ukraine's, Donetsk

☆ An 85-year-old Israeli women shook hands with a Hamas militant after being freed. Her husband is still being held hostage.
▼ + stars: | 2023-10-24 | by ( Sarah Gray | Associated Press | ) www.businessinsider.com time to read: +6 min

Two older adult hostages were released by Hamas on Monday, October 23. Yocheved Lifshitz, 85, and Nurit Cooper, 79, were taken October 7 during the Hamas terror attacks. Yocheved Lifshitz, 85, and Nurit Cooper, 79, were taken hostage on October 7 after militants attacked kibbutz Nir Oz. Lifschitz's father and Yocheved Lifzhitz's husband, Oded Lifshitz, along with Nurit Cooper's husband, Amiram Cooper, are still being held by Hamas, along with an estimated 218 hostages. Over 1,400 people in Israel have been killed — mostly civilians slain during the initial Hamas terror attacks.

Persons: Yocheved Lifshitz, Nurit Cooper, Lifshitz, —, Nir Oz, Sharone Lifschitz, CNN's Anderson Cooper, Lifschitz's, Yocheved, Oded, Nurit, Amiram Cooper, Al Qassam, Judith, Natalie Raanan, Daniel Lifshitz, Daniel, salam, AP Daniel Lifschiz, Israel, John Kirby, Yoav Gallant Organizations: Service, Hamas, AP, CNN, Reuters, West Bank, Israel Defense Forces, Security, US, Ministry Locations: Rafa, Egypt, Tel Aviv, Evanston , Illinois, Gaza, Israel, The, Iranian, Lebanon, Syria, Iraq, Washington

Search resuls for: "The Atlantic"

25 mentions found