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Norfolk Southern' has underperformed both its peers and the broader market over the last year. Norfolk Southern responded on Monday, rejecting that slate and announcing it would nominate former Amtrak CEO Richard Anderson and former U.S. For Ancora, which has a successful track record as an activist investor, the proxy fight at Norfolk Southern would be its largest ever. EdgePoint controlled 3.4 million Norfolk Southern shares as of Dec. 31, or about 1.5% of shares outstanding. Norfolk Southern has yet to set a date for the annual shareholder meeting.
Persons: Alan Shaw, Norfolk Southern Scott Mlyn, John Kasich, Donald Trump, Ancora, Shaw, Jim Barber, Jamie Boychuk, Richard Anderson, North Dakota Heidi Heitkamp, Heitkamp, Anderson, Frank Blake, Matt Freed, Joe Biden, Biden, Trump, it's, there's, Ancora's, Hunter Harrison, Norfolk Southern, Martin Oberman, Oberman, Amit Bose, Bose, Jim Chadwick, Chadwick, Ancora beneficially, Barber, Boychuk, Harrison, Mandel Ngan, Ancora's Chadwick, Amy Miles, Miles, Claude Mongeau, CNBC's Leslie Picker, Heidi Heitkamp Organizations: Norfolk Southern, CNBC, Norfolk, Ancora Advisors, EdgePoint Investment Group, Republican, Amtrak, Delta Airlines, Cargill, Home Depot, U.S, Energy, Workers, East, Trump, Biden, Southern, PSR, Federal Railroad Administration, Surface Transportation, Federal, UPS, Teamsters, Canadian, . Norfolk Southern, CSX, Deutsche Bank, AFP, Getty Locations: Norfolk Southern, East Palestine , Ohio, Ohio, Norfolk, North Dakota, Medtronic, East Palestine, Cleveland, Ancora
New York CNN —Norfolk Southern CEO Alan Shaw received a 37% increase in compensation last year, even after the company’s railroad was involved in a financially and ecologically disastrous derailment in East Palestine, Ohio. Shaw received $13.4 million in total compensation in 2023, up from $9.8 million in 2022. His base salary rose $200,000 to $1.1 million, and his stock and option awards rose $2.2 million to $10 million. Shares of Norfolk Southern (NSC) fell 22% in the two months following the accident, but the stock has since recovered most of its value, and its current share price is slightly above its pre-derailment level. The opposition investor group said the company’s new slate of board members won’t stop it from pushing its slate of eight candidates.
Persons: Alan Shaw, Shaw, Shaw’s, , Jim Barber Jr, Richard H, Anderson, Mary Kathryn “ Heidi ” Heitkamp, “ Mr, Organizations: New, New York CNN, Norfolk, Norfolk Southern, of Locomotive Engineers, Ancora Holdings, CNN, UPS, Amtrak, Delta Air Lines Locations: New York, Norfolk Southern, East Palestine , Ohio, Ohio, East Palestine, Norfolk, ” Norfolk Southern, North Dakota
Some workers at The Boring Company experienced injuries including chemical burns, Bloomberg reported. AdvertisementSome workers at The Boring Company have dealt with chemical burns and close-call accidents during the construction of the Las Vegas tunnel system, according to a recent report from Bloomberg. Bloomberg reported that OSHA fined The Boring Company $112,504 last fall after it found eight "serious" violations. A spokesperson from The Boring Company did not respond to requests for comment from Business Insider or Bloomberg. The Las Vegas tunnel is used to ferry people back and forth on Teslas from the Las Vegas Convention Center to other nearby attractions.
Persons: , Musk Organizations: The Boring Company, Bloomberg, OSHA, Boring, Service, The, Company, Las, Conventions, Resorts, Occupational Safety, Health Administration, The Boring, Business, Las Vegas Convention, SpaceX Locations: Las Vegas, Hawthorne , California, Vegas
A record amount of renewable energy, led by solar, was added to the grid. It was the opposite story for wind power. They generated a record 41% of US power in 2023. Rowlands-Rees said that falling gas prices made it the cheapest form of energy in 2023. The power sector, as recently as 2016, was the top emitter.
Persons: BloombergNEF, Tom Rowlands, Rees, BloombergNEF's, Rowlands, , Biden, Jeannie Salo Organizations: Service, Investments, Business, Companies, Industry, Schneider Electric, Toyota Locations: China, America, Japan, Southeast Asia, Coast, New York, Massachusetts, Georgia, North Carolina, Business
The latest iteration of the Beyond Burger, made with avocado oil and 20% less sodiumBeyond Meat is launching a new version of its plant-based burger in grocery stores this spring, betting that an even healthier version of its burgers will lure back consumers. The plant-based meat category, once buzzy, has lost consumers' interest. Retail sales of meat alternatives had fallen 33.6% compared with a year ago as of Jan. 28, according to Circana data. "For the last several years, there have been a combination of campaigns and other efforts to try to poison the well, regarding the health benefits of plant-based meat," Brown said. Critics have attacked plant-based meat from Beyond and its rivals as processed and full of chemicals.
Persons: Ethan Brown, Brown, we've, Critics, — Kate Rogers Organizations: CNBC, Stanford University School of Medicine
A small group of people, including five journalists, witnessed the execution of convicted murderer Kenneth Eugene Smith. The Angolite, the Louisiana State Penitentiary’s inmate-run news magazine, published photos revealing the seared flesh of a man who’d died in the chair. Soon after Prejean’s execution, the Louisiana legislature passed laws mandating lethal injections for executions. Around the time I witnessed Prejean’s execution, roughly 80% of Americans said they approved of the death penalty, according to a Gallup poll. Prejean, who was convicted and executed for the murder of Donald Cleveland, a Louisiana state trooper, was 17 at the time of the murder.
Persons: Jonathan Eig, they’d, Jonathan Eig Doug McGoldrick, Dalton Prejean, clench, Kenneth Eugene Smith, Mr, Smith, gurney, , Helen Prejean, Dalton, Dalton Prejean’s, who’d, Louisiana hasn’t, Jeff Landry, Landry, Prejean, Donald Cleveland Organizations: CNN, Angola State, The New Orleans Times, Louisiana State, Gallup Locations: Angola, Louisiana, Alabama, The
European stocks ended the day slightly lower on Tuesday as sentiment struggled to pick up in global markets. Mining stocks fell 1.84%, as tech dropped 1.7%, while chemicals jumped 2.5%. Asia-Pacific markets fell Tuesday, as investors parsed the Chinese central bank's decisions on key lending rates. In the U.S., stocks were lower as the market came off its first losing week in more than a month. U.S. markets were closed Monday for the Presidents Day holiday.
Organizations: Barclays, U.S . Federal Locations: Asia, Pacific, U.S
US Secretary of State Antony Blinken (L) and Chinese Foreign Minister Wang Yi meet at the 60th Munich Security Conference on Feb. 16, 2024. Washington should lift sanctions on Chinese companies and individuals, and that attempts to de-couple from China would only hurt the United States, China's Foreign Minister Wang Yi told U.S. Secretary of State Antony Blinken. The United States should lift the sanctions and not harm China's legitimate development rights, Wang told Blinken on Friday on the sidelines of a Munich security conference, according to a statement from China's foreign ministry. Washington has imposed sanctions on various Chinese companies that it accuses of working with China's military despite denials from the firms. The United States does, however, maintain unofficial relations with the democratically governed island and remains its most important backer and arms supplier.
Persons: Antony Blinken, Wang Yi, Wang, Blinken, Biden, Joe Biden, Xi Jinping Organizations: Foreign, China's, U.S, Economic Cooperation, Treasury Locations: Munich, Washington, China, United States, Xinjiang, U.S, de, Ukraine, Taiwan, Asia, Beijing
Last Chance LakeLast Chance Lake is no more than 1 foot deep. Haas displays a piece of dry-season lake crust taken from Last Chance Lake in September 2022. Last Chance Lake isn’t 4 billion years old — in fact, it’s estimated to have been around less than 10,000 years. Past studies suggest a primordial version of the soda lake may very well have included the substance. “Understanding how life originated on Earth has this importance for our search for life outside of Earth,” Haas told CNN.
Persons: , David Catling, , ” Catling, It’s, Sebastian Haas, Haas, David C, isn’t, , ” Haas, Catling, Charles Darwin, Matthew Pasek, Pasek, they’re, Woodward Fischer, Ayurella, Muller Organizations: CNN, British Columbia, University of Washington, geosciences, University of South, California Institute of Technology, , Climate Central Locations: Canadian, British, British Columbia, Chance, Yellowstone, University of South Florida, Axios,
Mr. Biden, who promised to visit soon after the disaster, has faced criticism from Republicans and some residents for not going sooner. “The town is still very divided,” said Misti Allison, a 35-year-old resident of East Palestine, a small town in a conservative state. Even the invitation for Mr. Biden to visit from the mayor of East Palestine, Trent Conaway, carried a hint of the division. Mr. Conaway has also criticized Mr. Biden for allowing former President Donald J. Trump to visit the community of about 5,000 before him. “We’re getting tired,” said Jami Wallace, who formed the Unity Council for the East Palestine Train Derailment to keep track of the response and the community’s concerns.
Persons: Biden, Biden’s, , Misti Allison, ” Mr, Mr, ” Karine Jean, Pierre, Ms, Jean, Barack Obama, Trent Conaway, Conaway, Donald J, Trump, ” Mike Young, “ You’re, Timothea, Deeter, “ That’s, , ” Ms, Pierre said, “ We’re, Jami Wallace Organizations: Trump, Mr, Norfolk Southern, Environmental Protection Agency, White House, Unity Council, East Locations: East Palestine , Ohio, , East Palestine, Norfolk, Ohio, Flint, Mich, America
BEIJING (Reuters) - China's Foreign Minister Wang Yi discussed lifting sanctions against Chinese companies and individuals in a meeting with U.S. Secretary of State Antony Blinken at the Munich Security Conference, the Chinese foreign ministry said on Saturday. Both sides also discussed facilitating people-to-people exchanges in the meeting held on Friday, the ministry said, adding the exchanges between the two were "frank, substantial and constructive". "Making 'de-risking' into 'de-China', and building 'small yards and high walls' and seeking 'decoupling from China'" will only backfire on the U.S. itself, Wang said, according to a statement from the foreign ministry. Both sides also exchanged views on regional issues including the Ukraine crisis and the Korean Peninsula, the statement said, without giving further details. China and the U.S. have made some progress in bilateral relations since Chinese President Xi Jinping held talks with President Joe Biden in November, where they reached agreements covering fentanyl, military communications and artificial intelligence on the sidelines of the Asia-Pacific Economic Cooperation summit.
Persons: Wang Yi, Antony Blinken, Wang, Xi Jinping, Joe Biden, Albee Zhang, Ryan Woo, Raju Gopalakrishnan Organizations: China's, U.S, Munich Security Conference, Economic Cooperation, Treasury Locations: BEIJING, de, China, U.S, Ukraine, Asia, Beijing
A day after Trump's visit last year, Transportation Secretary Pete Buttigieg went to East Palestine. But soon after the East Palestine derailment, some local officials began to criticize the Biden administration for the lack of a presidential visit. Biden issued an executive order requiring Norfolk Southern to pay for any long-term cleanup efforts. At a White House briefing this week, press secretary Karine Jean-Pierre said Biden was traveling to East Palestine at the mayor's invitation. Deeter, a member of a local advocacy group, River Valley Organizing, hopes Biden's visit is more than a photo-op.
Persons: Joe Biden, Biden, Donald Trump, Trump, Trump's, Pete Buttigieg, Trent Conaway, Karine Jean, Pierre, Conaway, Jean, Pierre said, Alan Shaw, Timothea Deeter, Biden's, we've, He's Organizations: Republican, Democratic, Transportation, White, Norfolk Southern, Railway Safety, Commerce, Science, Environmental Protection Agency Locations: East Palestine , Ohio, East Palestine, Palestine, Southern
WASHINGTON (AP) — President Joe Biden plans to welcome Kenyan President William Ruto to the White House in May, hosting a state visit after reneging on his promise to visit Africa last year. Biden hosted a state dinner celebrating close ally Australia in October, which followed the president's skipping a stop in that country earlier in 2023 to focus on debt limit talks in Washington. But those festivities last fall were toned down some given Israel’s ongoing war with Hamas. Biden said in December 2022 that he would visit sub-Saharan Africa the following year, which would have made him the first U.S. president to travel there in a decade. Biden pulled off last-minute trips to Israel and Vietnam, as well as a secretive journey to Ukraine.
Persons: Joe Biden, William Ruto, reneging, Karine Jean, Pierre, ” Jean, , Rutto’s, Rachel Ruto, Biden, Kamala Harris, he'd Organizations: WASHINGTON, Kenyan, White House, White, Hamas, Africa, Summit Locations: Africa, Kenya, Haiti, U.S, Washington, Australia, Saharan Africa, Israel, Vietnam, Ukraine, Dubai, November's, Russia, East Palestine , Ohio, Norfolk Southern
One more down: Shares of Wells Fargo hit a new 52-week high after the Office of the Comptroller of the Currency terminated a 2016 consent order linked to its sales practices. This is the sixth consent order that regulators have terminated since 2019. Every consent order that is resolved brings the bank closer to having the Federal Reserve lift the asset cap that's been holding it back since February 2018. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Persons: Jim Cramer, Linde, Wells Fargo, Charlie Scharf, there's, GOOGL, It's, Jim Cramer's, Jim, Krisztian Bocsi Organizations: CNBC, Air Products, Chemicals, Bank of America, Energy, Cisco Systems, Wells, Currency, Federal Reserve, Microsoft, Google, Materials, University of Michigan, PPI, Jim Cramer's Charitable, Shell Plc, BASF, Linde AG, Bloomberg, Getty Locations: We're, Bank, Wells, Coinbase, Leuna, Germany
(AP) — Inmates at a Mississippi prison were forced to mix raw cleaning chemicals without protective equipment, with one alleging she later contracted terminal cancer and was denied timely medical care, a federal lawsuit filed Wednesday alleges. Susan Balfour, 62, was incarcerated for 33 years at the Central Mississippi Correctional Facility until her release in December 2021. Prisoners were required to clean the facility, without protective equipment, using chemicals that might cause cancer, Balfour's lawsuit says. “I feel betrayed by our system that failed to provide timely medical care for me. The companies contracted to provide health care to prisoners at the facility — Wexford Health Sources, Centurion Health and VitalCore — delayed or failed to schedule follow-up cancer screenings for Baflour even though they had been recommended by prison physicians, the lawsuit says.
Persons: JACKSON, Susan Balfour, Balfour, I'm, VitalCore —, Drew Tominello, Tominello, Pauline Rogers ,, ” Rogers, ” ___ Michael Goldberg Organizations: Central Mississippi Correctional Facility, U.S . Southern, U.S . Southern District of, Centurion Health, Mississippi Department of Corrections, of Corrections, Mississippi Supreme, Rech Foundation, Associated Press, America Statehouse News Initiative, America Locations: Miss, Mississippi, U.S, U.S . Southern District, U.S . Southern District of Mississippi, Wexford, @mikergoldberg
Don't let other people's judgments drain your faith in yourself, especially when it comes to pursuing big ideas. That's advice from Gregg Renfrew, who knows something about becoming successful by sticking to her convictions: Her clean beauty startup Beautycounter was most recently valued at $1 billion, as of April 2021. In some ways, humans are wired to be naysayers as a way of avoiding unnecessary risks, research shows. But ultimately, you need to build your confidence to be successful, Renfrew says. "You genuinely have everything you need to be successful, and don't let anyone tell you otherwise," she says.
Persons: Gregg Renfrew, Beautycounter, Renfrew Organizations: CNBC Locations: Renfrew
Colombia Turns Drug-Fumigation Planes Into Fire Fighters
  + stars: | 2024-02-14 | by ( Feb. | At P.M. | ) www.usnews.com   time to read: 1 min
BOGOTA (Reuters) - Colombia on Wednesday added eight aircraft, some previously used to fumigate drug crops, to its fire-fighting fleet as it braces for more dry El Nino weather that has stoked major wildfires. President Gustavo Petro declared a natural disaster in January as fires ravaged areas of the world's second-most bio-diverse country. Petro attended an event in Tolima province displaying the four AT-802 Air Tractor planes and four Black Hawk UH-60 helicopters, originally donated by top ally the United States, that were refitted to drop water and chemicals to quell flames. The planes were used to spray the herbicide glyphosate on illegal plantations of coca, the chief ingredient in cocaine, until 2015 when the flights were stopped due to health concerns related to the chemical. (Reporting by Luis Jaime Acosta; Writing by Julia Symmes Cobb; Editing by Cynthia Osterman)
Persons: Gustavo Petro, Petro, Luis Jaime Acosta, Julia Symmes Cobb, Cynthia Osterman Organizations: Tractor Locations: BOGOTA, Colombia, Nino, Tolima, United States
Some Cybertruck owners say their Tesla vehicles are developing rust spots from rain. At least two members of a Cybertruck owners' forum claim their vehicles have orange specks of rust. Cybertrucks do not have a clear coat on their stainless steel body, according to the owner's manual. AdvertisementSome Tesla owners claim their Cybertrucks are starting to rust after being caught in the rain. In a post on the Cybertruck Owners forum, a member called “Raxar” wrote that they'd collected their vehicle that day and were warned that rain could cause it to rust.
Persons: , , they'd, Raxar, Vertigo3pc, Tesla, Elon Musk, Musk Organizations: Service, Delorean, , Mead Metals, Business
Some early adopters of Microsoft's AI assistant, Copilot, are less than impressed, the Wall Street Journal reports. The first users balked at the hefty costs and said the AI would hallucinate wrong answers. AdvertisementMicrosoft is making a big bet on AI with its newly launched generative AI assistant Copilot, but some early adopters have been less than impressed. Others said the AI hallucinated wrong answers or calculated spreadsheets wrong, according to the outlet. And earlier this month, the techgiant rolled out Copilot internally, Business Insider's Ashley Stewart reported at the time.
Persons: , Copilot, Copilot —, It's, wasn't, Jared Spataro, Spataro, Insider's Ashley Stewart, Satya Nadella Organizations: Wall Street, Microsoft, Service, Excel, Chemicals, Dow, Lenovo, Super Locations: Copilot, OpenAI
Vasil Dakov/Shuttershock"No matter how friendly your dog is, you don't know how the other dog might react," said Richardson. "It's never safe to let your dog greet another dog unless you've checked with their owner." "The chemicals can also lead to sickness or potential poisoning if your dog licks their paws clean after the walk." "Owners should never let their dog off the leash unless they are 100% confident the dog will always come back," said Richardson. Venkat suggested keeping waste bags attached to your pet's leash or harness to avoid forgetting them.
Persons: , Jamie Richardson, Vasil Dakov, Richardson, leashes, Anita Kot, Richard Newstead, Heather Venkat, Venkat Organizations: Service, Business, Getty
Shanker also raised his price target to $80 from $75, suggesting nearly 34% downside from Friday's close. — Spencer Kimball 8:16 a.m.: Loop Capital upgrades Corteva, touts growth acceleration in 2025 Corteva's stronger-than-expected 2024 full-year guidance will jumpstart a period of strong growth, according to Loop Capital. The firm upgraded the agricultural chemicals company to buy from hold and increased its price target to $65 from $57. Analyst Jay Sole upgraded Urban to neutral from sell and upped his 12-month price target by $20 to $41. Kaufman's $183 price target indicates roughly 6.3% downside for shares, which have fallen more than 18% over the past year.
Persons: headwinds, Morgan Stanley downgrades XPO, Morgan Stanley, Ravi, Shanker, — Michelle Fox, Julien Dumoulin, Smith, Duke's, — Spencer Kimball, Chris Kapsch, Kapsch, Brian Evans, Cassie Chan, they'll, Chan, , Jay Sole, URBN, Sole, Urban's, — Pia Singh, Filippo Falorni, Falorni, Hershey, Stanley, Pamela Kaufman, Kaufman's, Hershey's, Kaufman, Graham Doyle, Doyle, Piper Sandler, David Amsellem, Amsellem, Amsellam, Christopher Horvers, Jan, Horvers, Fred Imbert, Dan Levy, Levy Organizations: CNBC, Barclays, Automotive, JPMorgan, Corp, Bank of America, Bank of America downgrades Duke Energy, Duke Energy, Duke, Wall, America, UBS, Urban Outfitters, Free People, Urban, Citi, PepsiCo, Citi Research, Pepsi, Hershey, GE Healthcare Technologies, UBS GE Healthcare Technologies, Pharmaceutical, Teva Pharmaceutical, Federal, Barclays downgrades Rivian, Rivian Automotive, North American EV Locations: Bank of America downgrades, GEHC, David Amsellem U.S
Ten years ago I was living a typical suburban life on the outskirts of Denver. But along the way we've created a much more luxurious and free lifestyle than the one we were living in suburbia. AdvertisementI started trying to live more consciously when the kids were youngOur journey started in an unlikely place: Netflix documentaries. Casey and I felt the only way to really live by our values was to build a house. I wanted to be physically healthier by living off the grid, but not at the expense of our morals.
Persons: Heather Graesser, , Casey, We've, Trump, We're, there's, I'm, we've Organizations: Service, Netflix, Disney Locations: North Carolina, Denver, Costa Rica, Winston, Salem
WASHINGTON (AP) — President Joe Biden will travel to East Palestine, Ohio, on Friday, about a year after a Norfolk Southern train there derailed and spilled a cocktail of hazardous chemicals that caught fire. The White House said Saturday the president would travel there to ensure state and local officials “hold Norfolk Southern accountable." East Palestine Mayor Trent Conaway, a conservative who does not support Biden, extended the invitation to the Democratic president, saying the visit will be good for his community. The Feb. 3, 2023, derailment forced thousands of people from their homes near the Ohio-Pennsylvania border. Biden's decision not to visit the site until now had become a subject of persistent questioning by reporters at the White House, as well as among residents in East Palestine.
Persons: Joe Biden, Mayor Trent Conaway, Biden Organizations: WASHINGTON, Norfolk Southern, Mayor, Democratic, White Locations: East Palestine , Ohio, Norfolk Southern, Ohio, Pennsylvania, East Palestine, Maui, Florida
FRANKFURT, Germany (AP) — German chemical company BASF said Friday that it was speeding up the sale of stakes in two joint ventures in China after its local partner was accused in media reports of human rights abuses. BASF said in a news release that the market for the industrial chemicals made at the production sites in Korla in China's Xinjiang region was under increased competitive pressure and oversupplied. However, it added that recent reports had contained “serious allegations” about activities “inconsistent with BASF's values.”German news media had reported that employees of a BASF partner firm had participated in a state repression campaign aimed at the region's minority Muslim Uighur population. BASF said internal and external audits found no evidence of rights violations and no indication that the employees of the joint ventures — BASF Markor Chemical Manufacturing and Markor Meiou Chemical (Xinjiang) Co — were involved in the alleged violations. Photos You Should See View All 21 ImagesThe company said it remained committed to the China market.
Persons: Organizations: BASF, BASF Markor Chemical Manufacturing Locations: FRANKFURT, Germany, China, Korla, China's Xinjiang, Xinjiang
Chef Maneet Chauhan told BI about her kitchen essentials and items you won't find in her kitchen. Just ask Chef Maneet Chauhan, a "Chopped" judge, award-winning chef, and cookbook author who started her career as a pastry student. Chauhan told Business Insider she prefers to pit cherries with a metal straw. "I don't like to keep creamy dressings because I know that chemicals have been used to emulsify it," Chauhan told BI. On the other hand, a stand mixer is a must-have in this chef's kitchenManeet Chauhan uses her stand mixer to make roti.
Persons: Chef Maneet Chauhan, Chauhan, , Skip, Tyler Le, she'll, fryer, she's, It's Organizations: Service, Business, Chauhan Locations: India
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