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☆ Teamsters union endorses activist Ancora in Norfolk Southern proxy fight
▼ + stars: | 2024-04-25 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Activist Ancora on Thursday won the support of the BMWED Teamsters in the investor's efforts to oust Norfolk Southern CEO Alan Shaw and a majority of the railroad's 13-person board. The labor group said it would back the activist's seven director nominees over Norfolk Southern management, a significant endorsement in an industry unusually dependent on union support. The support from the BMWED Teamsters, whose members build and maintain the track infrastructure that keeps Norfolk Southern trains moving, amounts to a sharp rebuke of Shaw and Norfolk Southern's board. Norfolk Southern and Ancora have been locked in a proxy contest for several months. Neuberger Berman, for example, is backing the activist and said that Norfolk Southern had a history of poor governance and that a boardroom change was needed.

Persons: Ancora, Alan Shaw, Shaw, Tony Cardwell, Cardwell, Jim Barber, Jamie Boychuk, Boychuk, Barber, It's, John Orr, Glass Lewis, Neuberger Berman Organizations: Thursday, Teamsters, Norfolk Southern, Norfolk, BMWED Teamsters, Labor, American Federation of Labor, Industrial Organizations, CSX, Ancora Locations: Norfolk Southern, Norfolk, U.S, East Palestine , Ohio, Washington

☆ Massive genocide trial reopens old wounds in Guatemala, 40 years after indigenous slaughter
▼ + stars: | 2024-04-13 | by ( Tara John | Ivonne Valdés | ) edition.cnn.com time to read: +12 min

In 2018, a Guatemalan court ruled that the army committed acts of genocide, but no one was convicted. Lucas García, 91, was meant to face trial this year with former military intelligence chief Manuel Callejas y Callejas. Robert Nickelsberg/Archive Photos/Getty ImagesBurt said this “expression of racism is extremely profound,” and its knock-on effects are evident in Guatemala today. Survivors from the civil war gather outside the Supreme Court, prior to a hearing in the Ixil Genocide trial, in Guatemala City, Guatemala March 25, 2024. When the trial was due to start at the end of March, Lucas García’s lawyers announced their resignation.

Persons: CNN — Juan Brito López, Brito López, Manuel Benedicto Lucas García, Lucas García, Benedicto Lucas Garcia, Johan Ordonez, Lucas García’s, AJR, Fernando Romeo Lucas García, “ Lucas García, Manuel Callejas y, Callejas, Jesús Silvio, Romeo Lucas García’s, ” Jo, Marie Burt, ”, Robert Nickelsberg, Burt, Efrain Rios Montt, Tiziano Breda, Claudia Paz y Paz, CICIG, ” Silvio, ” Will Freeman, Cristina Chiquin, Bernardo Arévalo, Public Ministry –, Consuelo Porras , hasn’t, Michelle Liang, “, Brito López’s, Catarina Chel, tormenter, Silvia, ” CNN’s Tara John, Ivonne Valdés Organizations: CNN, United, Getty, Association for Justice, Reconciliation, Human, Washington Office, UN, Guatemalan Army, “, Central American, International, Commission, Council, Foreign Relations, Reuters CNN, Public Ministry, US, Network, Solidarity, ” CNN Locations: Pexla, Guatemala City, United Nations, Guatemalan, Guatemala, America, ”, Santa Cruz de Quiche, of Guatemala, New York, Mexico City

☆ 'Mary & George': the Scandalous True Story Behind the Starz Series
▼ + stars: | 2024-04-13 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +8 min

"Mary & George" takes viewers inside the raucous 17th century court of Britain's King James I. AdvertisementNicholas Galitzine as George Villiers in "Mary & George." Tony Curran as King James and Nicholas Galitzine as George Villiers in "Mary & George." Nicholas Galitzine as George Villiers in "Mary & George." "Mary & George" is released weekly on Fridays at midnight on the Starz app and the Starz linear channel at 9 p.m. ET/PT.

Persons: Mary, George, Britain's King James I, —, Long, Kris Kardashian, Mary Villiers, Julianne Moore, Nicholas Galitzine, Tony Curran, Countess, Duke of Buckingham, Benjamin Woolley's, James I, England's James I, Scotland's James VI, George Villiers, Mary Villiers's, Sir George Villiers, Moore, what's, James, Robert Carr, Earl of Somerset, Laurie Davidson, King James, Carr, Alan Stewart, King James I, Marquess of Buckingham, George Villiers's, George reminisced, King James Until James, Katherine Manners, Earl of Rutland, Katherine, Starz Mary, Woolley, poultices, King Charles I, Charles Organizations: Service, Starz, Royal, Farnham, BBC, Smithsonian Magazine Locations: France, England, Scottish, London, Surrey, Britain

☆ Robert Downey Jr.'s 'showboating' performances in 'The Sympathizer' are polarizing critics. Here's what reviews are saying about HBO's new series.
▼ + stars: | 2024-04-12 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +7 min

The series follows an agent referred to only as the Captain (Hoa Xuande), who's half-Vietnamese and half-French. Aligned with North Vietnam, he's embedded within the South Vietnam army. Critics have generally praised the series, particularly Xuande's performance and Park's direction (in addition to showrunning duties, he directs the first three episodes). Here's a breakdown of where some reviewers stand ahead of the series premiere on HBO Sunday evening. AdvertisementVariety's Alison Herman says that splitting Downey into parts both "deploys and diffuses" the impact of his celebrity on the series.

Persons: Viet Thanh Nguyen's Pulitzer, Hoa, Critics, —, Viet Thanh Nguyen, Chan, Don McKellar, he's, Robert Downey Jr, Xuande, Hopper Stone, Alan Sepinwall, IndieWire's Ben Travers, Tran Bui, Beth Dubber, weren't, Robert Downey's, Laura Sirikul, Sirikul, Variety's Alison Herman, Herman, Christopher Nolan's, Oppenheimer, Nick Schager, Downey, Sandra Oh, Park Chan, Nguyen's, Judy Berman, Rory Doherty, lauds, Doherty, Inverse's, Fred Nguyen Khan, Duy Nguyen, Sepinwall, IndieWire's Travers, Richard Lawson, Schager, Thanh, Fair's Lawson, Marina Fang Organizations: HBO, Viet Thanh, Service, Downey, Stone, Daily Locations: Viet, North Vietnam, Vietnam, United States, Korean

☆ One of the world’s highest cities starts rationing water as reservoirs fall to critical levels
▼ + stars: | 2024-04-11 | by ( Stefano Pozzebon | ) edition.cnn.com time to read: +6 min

But this marks the first time in recent history that Bogotá has been forced to implement water rationing measures. Mayor Carlos Galán announced that water rationing measures for Bogotá would begin on April 11. El Niño is a natural climate pattern originating in the Pacific Ocean along the equator, which influences weather around the globe. In a country as politically divided as Colombia, the urgency of addressing El Niño is a rare point of consensus. Bogotá’s water rationing plans have been supported by the country’s president, who has historically had a testy relationship with the city’s mayor.

Persons: Colombia CNN —, Montgomery Burns, “, El Niño, Ivan Valencia, Carlos Fernando Galán, ” Galán, It’s, El, Bogotá, Magdalena, ”, Armando Sarmiento, Sarmiento, Mayor Carlos Galán, Fernando Vergara, Niño, Susana Muhamad, ” CNN’s Heather Law, Ana Melgar Organizations: Colombia CNN, ”, Bogotá’s Javeriana University, CNN, Bogotá, El Niño Locations: Bogotà, Colombia, Bogotá, San Rafael, El, Colombian, Latin America, Mexico City, Magdalena, Colombia’s, Bogota, Mayor, Sarmiento

☆ Colombia’s capital Bogotá to ration water as El Niño adds to drought
▼ + stars: | 2024-04-09 | by ( Heather Law | Ana Melgar | ) edition.cnn.com time to read: +2 min

CNN —Colombia’s capital, Bogotá, will begin rationing water this week as several of its reservoirs face unprecedented lows amid a drought made worse by the El Niño climate pattern. Speaking to the media on Monday, Bogotá Mayor Carlos Fernando Galán said reservoirs had reached “historically low” levels and been worsened by El Niño, which causes high temperatures and impedes precipitation. The country and region have experienced long periods without rain since June 2023 due to El Niño, the city wrote on its official website. The plan will see nine different zones take turns rationing water services. Each zone’s water restrictions will begin at 8 a.m. local time and last 24 hours before shifting to the next zone in line.

Persons: Carlos Fernando Galán, El Niño, Gustavo Petro, El, Galán, ” Organizations: CNN, Bogotá Locations: Bogotá, El, Colombia, Mexico, Mexico City

☆ Norfolk Southern activist investor highlights past abusive behavior of new COO as proxy fight intensifies
▼ + stars: | 2024-04-05 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +6 min

Last month, Norfolk Southern hired Orr away from rival CPKC, paying tens of millions of dollars to buy him out of his contract. A witness told the arbitrator that, in one instance, Orr told the employee that she "was so f------ stupid it was embarrassing." Prior to the announced hiring of Orr, Ancora drew attention to claims about his behavior in emails to two Norfolk Southern board members that CNBC obtained. Norfolk Southern told CNBC in a statement that Ancora's analysis of the value of the route — the Meridian Speedway agreement — "is completely inaccurate and based on a flawed premise," in that it assumes Norfolk Southern is forgoing more revenue than it actually is. Regarding Orr, Norfolk Southern said he has a "track record of improving performance while operating safely and with integrity."

Persons: Ancora, Alan Shaw, John Orr, Orr, Jim Barber, Jamie Boychuk, Shaw, John, Mr, Neuberger Berman, Gordon Haskett, Don Bilson, it's, isn't Organizations: Norfolk Southern, Getty Images, Wall, Canadian National, Canadian, CNBC, Norfolk, Meridian, CSX, Longacre Square Partners, Barclays Locations: Atlanta , Georgia, Getty Images Norfolk, Norfolk, Norfolk Southern, U.S, Orr, East Palestine , Ohio

☆ The rally in gold could be still in the early stages, according to the charts
▼ + stars: | 2024-04-04 | by ( David Keller | ) www.cnbc.com time to read: +4 min

Our review of the charts of precious metals tells us that the recent rally in gold prices could be just the early stages of a broad advance in the second quarter and beyond. Interestingly enough, gold stocks have actually been underperforming gold for most of the last 12 months. But over the last six weeks, gold miners have shown renewed strength, outperforming spot gold. This may be just the beginning of a "catch up" trade where gold miners close the performance gap with gold. Gold stocks have been lagging behind spot gold, but that trend of underperformance has begun to change in the last six weeks.

Persons: Alan Shaw, David Keller Organizations: Gold Miners, CMT Locations: retest

☆ Oklahoma Was a Legal Marijuana Utopia. Then Came the Mass Murder
▼ + stars: | 2024-03-29 | by ( Matt Stroud | ) www.businessinsider.com time to read: +32 min

Fourteen months after the murders, the garage of the abandoned marijuana farm on prairie tableland northwest of Oklahoma City sits frozen and dark. Broadway Avenue in Kingfisher, Oklahoma, about 30 miles south of where Wu Chen, 47, executed four people at a marijuana farm. When Oklahoma legalized medical marijuana, the only real requirement was that Oklahoma residents had to be involved in marijuana growing and selling. But Oklahoma required 75% of any marijuana business to be owned by an Oklahoma resident. Deputies from the Kingfisher County Sheriff's Office were the first to arrive at the scene of a quadruple homicide at an abandoned marijuana farm.

Persons: Wu Chen, Mike Simons, Kevin Stitt, Sean Hannity's, Dan Newhouse, Liu, Chen, Yi Fei Lin, Mark Woodward, —, OBN, Adria Berry, BI Adria Berry, I'm, Barb Miuccio, Jeremy Grable, Jeremy, Barb, she's, Barbara Miuccio, Treez, Matt Stacy, Stacy, Stitt, Jeremy they'd, he'd, OMMA, didn't, Barb didn't, Barbara, Stacy —, she'd, Stacy hadn't, BI Jonathan Riedlinger, Riedlinger, Lin, Qirong Lin, Hechun Chen, Qiang Chen, Fang Lee —, Wenbo Lin, Wu Chen —, Wenbo Lin didn't, Reidlinger, Jed Green, Matthew Alan Stacy, Barb —, — he's, He'd, Woodward, Helen Carillo, He's, Kevin Pham, Pham, BI Pham, ProPublica, recriminations, Green, It's, they're, I'd, Ken Thompson, Thompson, Chen didn't, He'll, Jonathan Riedlinger, Kiki, I've Organizations: Oklahoma City, Broadway, BI, Marijuana, Oklahoma, Oklahoma Medical Marijuana Authority, Republican, Sean Hannity's Fox, Fox News, Chen Inc, Narcotics, BI Adria, Oklahoma's Army National Guard, OBN, Business, Oklahoma State Bureau of, Sheriff's, Prosecutors, CSI Accounting Services, Whitney Economics, NBC, Cannabis, Virginia Slim, Florida . Police Locations: Oklahoma, Kingfisher County , Oklahoma, Ames , Oklahoma, Kingfisher , Oklahoma, Pennsylvania, California, Arkansas, Republican Washington, China, Kingfisher County, Dallas, Moore , Oklahoma, Oklahoma City, Afghanistan, Iraq, Ukraine, He's, Moore, Kingfisher, Hennessey , Oklahoma, OMMA, Mexico, Edmond, Tulsa, Russia, Bulgaria, Armenia, Steakhouse, Virginia, Florida, Miami Beach, Miami

☆ Norfolk Southern CEO says activist investor's responses to settlement are 'unreasonable'
▼ + stars: | 2024-03-27 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Norfolk Southern CEO Alan Shaw denounced Ancora Holdings, the activist investor currently engaged in a proxy fight with the railroad company's board, during an interview with CNBC's Jim Cramer on Wednesday. "We've gone to the activist, and we've offered a settlement — their responses have been unreasonable at the determination of our board," he said. Norfolk Southern faced criticism over the past year after one of its freight trains derailed in East Palestine, Ohio in February 2023 and released toxic chemicals into the soil, water and air. Based in Cleveland, Ohio, 90 minutes from East Palestine, Ancora challenged Norfolk Southern in February, aiming to add eight directors to the board and oust Shaw as CEO. "We enhanced safety, we're making it right in East Palestine," Shaw said.

Persons: Alan Shaw, Ancora, CNBC's Jim Cramer, We've, we've, Shaw, he's Organizations: Norfolk Southern, Ancora Holdings, Norfolk, Regulators Locations: East Palestine , Ohio, Cleveland , Ohio, East Palestine, Norfolk

☆ Cramer gets a closer look at the railroads with Norfolk Southern CEO Alan Shaw
▼ + stars: | 2024-03-27 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Cramer gets a closer look at the railroads with Norfolk Southern CEO Alan Shaw'Mad Money' host Jim Cramer sits down with Norfolk Southern CEO Alan Shaw to discuss the ongoing proxy battle led by Ancora Holdings, the company's push for higher efficiency, and more.

Persons: Cramer, Alan Shaw, Jim Cramer Organizations: Norfolk Southern, Ancora Holdings

☆ Norfolk Southern CEO: We have offered board seats to activist investor
▼ + stars: | 2024-03-27 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNorfolk Southern CEO: We have offered board seats to activist investor'Mad Money' host Jim Cramer sits down with Norfolk Southern CEO Alan Shaw to discuss the ongoing proxy battle led by Ancora Holdings.

Persons: Jim Cramer, Alan Shaw Organizations: Norfolk Southern, Ancora Holdings

☆ Investments that are good for both the climate & economy completely overlap: Guggenheim's Schwartz
▼ + stars: | 2024-03-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestments that are good for both the climate & economy completely overlap: Guggenheim's SchwartzCNBC's Brian Sullivan interviews Alan Schwartz, Guggenheim Partners, from the CERAWeek conference in Houston, Texas.

Persons: Guggenheim's Schwartz, Brian Sullivan, Alan Schwartz Organizations: Investments, Guggenheim Partners Locations: Houston , Texas

The decision to blow open five tank cars and burn the toxic chemical inside them after a freight train derailed in Eastern Ohio last year wasn't justified, the head of the National Transportation Safety Board told Congress Wednesday. “There was another option: let it cool down.”However, that information was never relayed to Ohio Gov. But the agency won't release its final report on what caused the Feb. 3, 2023, derailment until it holds another hearing this June. "The successful controlled release prevented a potentially catastrophic uncontrolled explosion.”Krissy Ferguson, 49, has not been able to return home since the derailment. The NTSB has said that it appears an overheating bearing on one of the railcars caused the derailment.

Persons: wasn't, Jennifer Homendy, ” Homendy, Mike DeWine, Dan Tierney, ” Tierney, “ Nobody, Keith Drabick, Homendy, Oxy, Drew McCarty, Republican Sen, JD Vance, Drabick, “, Vance, Norfolk, ” Krissy Ferguson, ” Misti Allison, ” Allison, ”, Alan Shaw, Patrick Orsagos Organizations: National Transportation Safety, Norfolk Southern, “, Ohio Gov, Palestine Fire, Professional Services, Republican, NTSB, Associated Press Locations: Eastern Ohio, East Palestine , Ohio, East Palestine, Columbus , Ohio

☆ Dwight Yorke: Manchester United legend says it will be ‘two to three years’ until the club is back at the top
▼ + stars: | 2024-03-02 | by ( Zayn Nabbi | Darren Lewis | ) edition.cnn.com time to read: +5 min

CNN —Manchester United legend Dwight Yorke has welcomed British billionaire Jim Ratcliffe’s investment into the club, saying that the new co-owner can restore the European powerhouse to its glory years. Yorke concedes, however, that for the time being the Red Devils will not be able to compete for the English Premier League title. Yorke would go on to win a further two Premier Leagues with the Red Devils before leaving the club in the summer of 2002. “We really should be in the [Premier League] top four relatively comfortably, and it hasn’t been that easy a ride for us. “I think Alan Shearer is still the current [record] holder in the Premier League and was a real goal machine.

Persons: Dwight Yorke, Jim Ratcliffe’s, Yorke, Darren Lewis, Ratcliffe, “, ” Yorke, Sir, Jim, Alex Ferguson’s, Jim Ratcliffe, Peter Byrne, Erik ten Hag, ”, It’s, he’s, ” United, Erling Haaland, He’s, Clive Rose, Alan Shearer, Harry Kane –, Wayne Rooney, Andy Cole, City’s, Kevin De Bruyne Organizations: CNN, Manchester United, Red Devils, English Premier League, CNN Senior, United, FA, League –, Leagues, Premier League, Manchester City, Etihad, Tottenham, Citizens, ”, Fulham, Nottingham Forest, City, Liverpool, Luton Town, Bournemouth, Getty, League, Blackburn Rovers, Newcastle United, Bayern Munich – Locations: Old Trafford, “, atoning, England, Germany

☆ AI could influence 'the whole future of war,' starting with gaming out the next fight, experts say
▼ + stars: | 2024-02-27 | by ( Ella Sherman | ) www.businessinsider.com time to read: +7 min

It's something that has appeared in fiction writing on imagined future wars but is also being looked at right now. AI "can shape the wargames and actually the whole future of war," Yasir Atalan, an associate data fellow at the Center for Strategic and International Studies, told Business Insider. In February 2023, for instance, the US military let AI successfully pilot a fighter jet and engage in simulated air-to-air combat. Wargaming expert Ivanka Barzashka has also raised concerns that AI may obscure explanations for actions, potentially leading to faulty conclusions. "When people are using these LLMs in their approach, they need to be transparent, they need to show their prompting," Atalan said.

Persons: —, Yasir Atalan, Thomas Mort, CSIS's Benjamin Jensen, Dan Tadross, Atalan, Cpl, Yvonna, Alan Turing, Barzashka, Javier Chagoya, it's Organizations: Service, Business, Center for Strategic, International Studies, Naval Postgraduate School, Mobile Education Team, US, CSIS, US Marine Corps, 22nd Marine Expeditionary Unit, RAND, The, Atomic Scientists Locations: Wiesbaden, Germany, London, warfighting

☆ Critics are hailing FX's 'Shōgun' as the next 'Game of Thrones'
▼ + stars: | 2024-02-27 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +6 min

"Shōgun," created by Rachel Kondo and Justin Marks, takes place at the turn of the 17th century in Japan. Hiroyuki Sanada as Yoshii Toranaga in the series premiere of "Shōgun." The Washington Post's Lili Loofbourow wrote that "Shōgun" will draw comparisons to "Game of Thrones" because it has a "proven combination of gorgeous set pieces, moral ambiguity, cliffhangers (literally, in one case!) According to critics, however, FX's "Shōgun" more effectively shifts the focus to the story's cast of Japanese characters. AdvertisementReviews praised Hiroyuki Sanada's performance as Toranaga YoshiiHiroyuki Sanada as Yoshii Toranaga in "Shōgun."

Persons: —, James Clavell's, Rachel Kondo, Justin Marks, John Blackthorne, Yoshii Toranaga, Hiroyuki Sanada, Katie Yu, Alan Sepinwall, Nick Hilton, Lili Loofbourow, Loofbourow, Cosmo Jarvis, Anna Sawai, Time's Judy Berman, Mike Hale, Toda Mariko, IGN's Samantha Nelson, Sanada, Hiroyuki Sanada's, Yoshii Hiroyuki Sanada, Stone's Sepinwall, Today's Kelly Lawler, IGN's Nelson, Toranaga, Critics, IndieWire's Ben Travers, Travers, Rebecca Nicholson, Yuka Kouri, Kurt Iswarienko, Variety's Alison Herman, showrunners Marks, Jonathan van Tulleken, Helen Jarvis, Carlos Rosario Organizations: Service, Hulu, Disney, Taiko, Regents, Business, Thrones, FX, New York Times Locations: United Kingdom, Japan, Kanto, Washington, Osaka, Hulu

☆ Norfolk Southern proxy fight draws heavyweight politicians and regulatory scrutiny a year after derailment
▼ + stars: | 2024-02-27 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +12 min

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

☆ Norfolk Southern CEO received 37% raise following derailment
▼ + stars: | 2024-02-26 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

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

A railroad stock and a fast food giant were in focus Wednesday among early analyst calls. Barclays raised its rating on Norfolk Southern to a buy-equivalent rating, and his new price target calls for about 20% upside. The firm downgraded the retailer to reduce from hold and maintained a $323 per share price target. — Brian Evans 5:44 a.m.: Barclays upgrades Norfolk Southern Norfolk Southern could see a shake-up to its leadership, and Barclays thinks these changes could lead to strong gains for the stock. He also hiked his price price target to $305 from $255.

Persons: SolarEdge's, Morgan Stanley, Andrew Percoco, Goldman Sachs, Brian Lee, SEDG, Vikram Bagri said.Bagri, — Brian Evans, Piper Sandler, Piper Sandler's, Rob D, Owens, Brian Evans, Daniela Bretthauer, John Ivankoe, Brandon Oglenski, Ancora, It's, Alan Shaw, Oglenski, Fred Imbert Organizations: CNBC, Barclays, Norfolk, JPMorgan, Palo Alto Networks, billings, Palo Alto, HSBC downgrades Home, Depot, HSBC, Home Depot, JPMorgan downgrades, Norfolk Southern, NSC Locations: Wendy's, Norfolk Southern Norfolk Southern, Norfolk Southern, Norfolk

☆ Stocks making the biggest moves midday: Nvidia, SolarEdge, Teladoc, Wingstop and more
▼ + stars: | 2024-02-21 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

First-quarter revenue is expected to be $175 million to $215 million, far below the $406 million forecast. Teladoc posted $661 million in revenue, below the $671 million consensus forecast from LSEG, formerly known as Refinitiv. Wingstop — The restaurant chain slipped 4% despite reporting fourth-quarter earnings and revenue that topped analysts' estimates. However, total revenue growth came down for the fourth consecutive quarter. Wix.com reported fourth-quarter earnings of $1.22 per share, more than the consensus estimate from StreetAccount of earnings of 96 cents per share.

Persons: SolarEdge, Teladoc, Alan Shaw, —, Dow, Wingstop, Wix.com, CNBC's Hakyung Kim, Michelle Fox, Lisa Kailai Han, Jesse Pound, Samantha Subin, Yun Li, Sarah Min Organizations: Nvidia, Wall, Palo Alto Networks, Toll, Norfolk Southern, Barclays, Walgreen Boots, Dow Jones, Walgreens, Alliance, Dow Jones Industrial, Walgreens Boots Alliance, HSBC —, HSBC, Bank of Communications, Garmin —, Garmin Locations: Palo, billings, LSEG, U.S, China

☆ Stocks making the biggest moves premarket: Nvidia, SolarEdge, Teladoc, Palo Alto Networks and more
▼ + stars: | 2024-02-21 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

SolarEdge Technologies — Shares dropped more than 20% after the company posted mixed quarterly results. However, revenue guidance for the first quarter was well below analyst expectations . Teladoc — Shares dropped 20% the morning after the online health-care company posted worse-than-expected revenue and guidance. The company posted a loss of 17 cents per share, smaller than the 21-cent figure anticipated by analysts surveyed. Palo Alto Networks topped earnings and revenue expectations for the recent quarter, but said it anticipates slower growth for the full year.

Persons: Teladoc, RingCentral, LSEG, Brandon Oglenski, Alan Shaw, HSBC's, Noel Quinn, Wingstop, — CNBC's Michelle Fox, Alexander Harring, Fred Imbert, Sarah Min, Jesse Pound, Samantha Subin Organizations: Nvidia, SolarEdge, LSEG, Palo Alto Networks, Alto Networks, Toll, JPMorgan, Norfolk Southern, Barclays, Amazon, Dow Jones, Walgreens, Alliance, HSBC —, Wall Street, FactSet Locations: Palo, billings

☆ Spain's PM Sanchez Weakened by Defeat in Galicia Regional Election
▼ + stars: | 2024-02-19 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

MADRID (Reuters) - Spanish Prime Minister Pedro Sanchez emerged weakened from Sunday's parliamentary elections in the northwestern region of Galicia after his Socialist party (PSOE) won just nine seats in the 75-seat assembly. The conservative People's Party (PP) maintained its outright majority after winning 40 seats, while PSOE's far-left coalition ally Sumar failed to win a single seat, according to official results. A bad night for the Socialist Party," political consultancy Nitid wrote in a report. The victory bolsters PP's national leader Alberto Nunez Feijoo, who faced questions over his leadership after failing to unseat Sanchez in last year's national election. After failing to form his own coalition with the hard-right Vox party, Feijoo has consistently attacked Sanchez on plans to offer an amnesty to Catalan separatists in exchange for their support.

Persons: Pedro Sanchez, Sumar, Sanchez, Nitid, Alberto Nunez Feijoo, Feijoo, Inti Landauro, Emma Pinedo, Charlie Devereux, Ros Russell Organizations: Spanish, Socialist, PSOE, People's Party, Nationalist Galician Bloc, Socialists, Socialist Party, Vox Locations: MADRID, Galicia

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

FULLERTON, Calif. (AP) — A driver who plowed into a crowd on a Southern California sidewalk in 2019, injuring nine people, was convicted Thursday of hit-and-run crimes, but jurors deadlocked on a charge of driving under the influence of drugs. A mistrial was declared over the DUI charge in the trial of 27-year-old Christopher Solis, the Orange County Register reported. Several victims were trapped under the truck until bystanders lifted the pickup and pulled them free. Jurors convicted him of hit-and-run causing injuries, hit-and-run causing property damage and being in possession of a drug. The Orange County District Attorney's Office didn't immediately indicate whether it would retry Solis on the DUI charge.

Persons: Christopher Solis, Solis, “, ”, Alan Spears, retry Solis Organizations: FULLERTON, Orange County Register, Toyota Tacoma, Authorities, Office Locations: Calif, Southern California, Orange, Anaheim, Fullerton, Orange County

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