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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

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

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

☆ Activist Ancora may turn to a reliable tactic to enhance value at Norfolk Southern
▼ + stars: | 2024-02-10 | by ( Kenneth Squire | ) www.cnbc.com time to read: +5 min

When you see that in a railroad company, there is one key metric to look at, which drives railroad profitability and shareholder return: It's the operating ratio. The operating ratio is the company's operating expenses as a percentage of revenue. NSC's operating ratio is almost 69% and the right management team with the right strategy should easily be able to get the operating ratio down close to 60%. There is no need to reinvent the wheel here; the roadmap has already been drawn at Canadian Pacific and CSX. Inside the activist world, and among investors who were shareholders of Canadian Pacific and CSX, this is as sure of an activist strategy as there is.

Persons: Ancora, James Chadwick, Mantle, Hunter Harrison, Harrison, John Kasich, Sameh Fahmy, Jim Chadwick, Ken Squire Organizations: Norfolk Southern, Railroads, TCI, CSX, Pershing, Canadian Pacific, Canadian National, CP, PSR, Kansas City Southern, 13D Locations: United States, Ancora, Ohio

Conservatives have looked to country music over the decades to voice political beliefs and react to social change. Maines called Keith’s song “ignorant,” while Keith began performing in front of a doctored photo of Maines with Saddam Hussein. KEITH WAS A FAN OF THE MILITARY, AND VICE VERSAIn the years following “Courtesy,” Keith participated in 18 USO tours, performing for more than 250,000 service members in his lifetime. Lucas says he and others sent CDs with Keith’s song, “American Soldier,” to the wives of the men serving with his son. Keith “emboldened others in country music to think viewpoints that might be perceived as angry and conservative were okay to express,” Willman says.

Persons: — Toby Keith’s, Keith, We’ll, Jason Aldean, Jason Isbell, ”, Chris Willman, “, Willman, Willie Nelson, Amanda Marie Martinez, Jim Crow America, ” Martinez, Merle Haggard, “ Okie, Haggard, Ronald Reagan, Richard Nixon, Hillary Clinton, Barack Obama’s, “ Let's, George W, Bush, Obama, Donald Trump, it’s, Joseph M, Thompson, Alan Jackson, Jackson, Darryl Worley’s “, Clint Black’s “, Natalie Maines, Maines, Saddam Hussein, KEITH, ” Keith, John A, Lucas, ” Lucas, ’ ” Lucas, Aldean, Oliver Anthony’s “ Rich, Keith “, ” Willman, Pat Finnerty, Toby Keith, Hogan, ” Finnerty, ‘, Finnerty, Jude ’, it’d, Maria Sherman Organizations: Country Music, Variety, Pentagon, Dixie Chicks, U.S . Army, Army, North Locations: NORFOLK, Va, U.S, Afghanistan, Iraq, America, Vietnam, Muskogee, Iran, Clint Black’s “ Iraq, Richmond , Virginia, Tennessee, Richmond, ”, Philadelphia, Los Angeles

Sandringham, the private home of the last six British monarchs, sits amid parkland, gardens and working farms about 110 miles (180 kilometers) north of London. This history has made Sandringham a special place for Charles and his entire family. One of the most famous stately homes in Britain, Sandringham sits on an 8,000-hectare (20,000-acre) estate in Norfolk on the eastern coast of England. On the day he died, George reportedly spent the afternoon on the estate with his dogs and a gun. When he was at Cambridge, Charles would often invite friends to spend weekends with him enjoying the shooting at Sandringham.

Persons: Britain's King Charles III, Charles, Michael Cole, “, ’ Cole, ’ ’ Charles, Princess Diana, William the Conqueror, Sant, Queen Victoria, Edward, Monte, George V, Queen Elizabeth II’s, ’ ’ George VI, George, Jonathan Dimbleby, Prince of Wales, revel, ″ Cole, ″ Charles, Dimbleby, ”, Diana’s, Princes William, Harry, ” Dimbleby, Queen Elizabeth II, Cole Organizations: —, Sandringham House, Sandringham, BBC, Cambridge University, Biarritz, SANDRINGHAM, Cambridge, PUBLIC Locations: Sandringham, England, London, Balmoral, Britain, Norfolk, Dersingham, Paris, Monte Carlo, Charles, North Norfolk, Cambridge, There’s

☆ Green Plains stock jumps after company announces strategic review, standstill with Ancora
▼ + stars: | 2024-02-07 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Ethanol producer and agri-tech company Green Plains said Wednesday that it would initiate a strategic review, a year after activist investor Ancora sent a letter to its board encouraging it to do just that. Ancora, a 6.8% shareholder per FactSet data, and Green Plains have also signed a cooperation agreement, which includes a standstill. The strategic review will explore value enhancements up to and including a merger or sale, the company said. Green Plains had diversified beyond pure-play ethanol production to build out clean sugar and corn oil production. Green Plains is one of the largest domestic producers of ethanol and was founded in 2004.

Persons: Ancora, Todd Becker, Robinson Organizations: Plains, Department of Energy, Norfolk, Disney, Hasbro, 13D, CNBC PRO Locations: Green, Green Plains, U.S

Before last year, paid sick leave was generally not offered to railroad workers. That's instead of joining all the other major freight railroads in negotiating jointly with rail unions on an agreement over pay and benefits. The rail industry reached the brink of a strike in the fall of 2022 before Congress and President Joe Biden intervened to force rail workers to accept a contract. Union Pacific, BNSF and Norfolk Southern now have paid sick time agreements in place with all their unions. Canadian National also trails behind the big U.S. railroads, but still offers sick time to about 46% of its U.S. workers.

Persons: —, Ed Dowell, CPKC “, ” CPKC, That's, Patrick Waldron, ” Waldron, “, CPKC, Joe Biden, wouldn't Organizations: Rail, CPKC's, American Train, Association, Kansas City Southern, Canadian Pacific, CSX, Union Pacific, Norfolk, Canadian Locations: OMAHA, Neb, Kansas City , Missouri, CPKC's U.S, Minnesota, U.S, Calgary, United States, Kansas City, Kansas, Canadian Pacific, North America, BNSF, Norfolk Southern

McLEAN, Va. (AP) — A Virginia Senate committee on Tuesday rejected legislation that would have allowed a referendum on a casino in the wealthy suburbs of the nation’s capital. The committee rejected a motion to kill the bill outright, instead opting to carry the bill over to 2025 for future consideration. A study commissioned in 2019 by the Joint Legislative Audit and Review Committee found that a northern Virginia casino could generate $155 million annually in tax revenue, more than any of the other casinos built in Virginia. Virginia voted in 2020 to allow locations in five cities, subject to referendum. Bristol, Danville, Portsmouth and Norfolk all voted for a casino; Richmond voters twice rejected a proposed casino in that city.

Persons: Sen, Louise Lucas, Lucas, ” Sen, Jennifer Boysko, David Marsden, Marsden, ” Marsden, “, Scott Surovell, Connie Hartke, ”, “ We're Organizations: Senate Finance, Assembly, Fortune, Fairfax, Audit, MGM, Reston Citizens Association, Richmond Locations: McLEAN, Va, Virginia, Fairfax County, Tysons, ”, National Harbor, Potomac, Reston, Petersburg, Bristol, Danville, Portsmouth, Norfolk, Richmond

☆ A boomer Uber driver made over $100,000 but lost $80,000 to expenses and fees. He shares why he plans to keep driving.
▼ + stars: | 2024-02-05 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

A boomer Uber driver's business had over $100,000 in earnings but only $20,000 in profits. But after Uber took its cut and his driving expenses were accounted for, his profits fell to about $20,000. The $44,000 deduction was an estimate for tax purposes, so it's possible his true vehicle expenses weren't quite that high. AdvertisementThat said, commissions and driving expenses took a significant cut out of his business's profitability. His first year driving Uber, 2016, was more eventful than he anticipated: He got caught in Hurricane Matthew while driving in Norfolk, Virginia.

Persons: boomer, —, Dean Ceran, Kia Forte, Uber, he's, Ceran, it's, haven't, they're, Lisa Greene, Lewis, Greene, — Ceran Organizations: Uber, Service, BI Locations: Virginia, Hurricane, Norfolk , Virginia

London CNN —Britain’s King Charles III has been diagnosed with cancer and will step back from public-facing duties while he undergoes treatment, Buckingham Palace announced Monday. The update came after Charles, 75, attended a London hospital for a corrective procedure for an enlarged prostate last month. Tests were carried out and revealed a “form of cancer,” the palace said in a statement on Monday. A royal source told CNN that the form of cancer detected was not prostate cancer, but did not specify further. Alberto Pezzali/APThe royal source added that the King returned from Sandringham on Monday morning to begin outpatient treatment in London.

Persons: London CNN — Britain’s King Charles III, Buckingham, Charles, Queen Camilla, Camilla, Alberto Pezzali, King, “, ” Buckingham, ”, Queen Elizabeth II, Prince William, William, Prince of Wales, Prince Harry, Duke, Duchess of, Rishi Sunak, he’ll, ” Sunak Organizations: London CNN, CNN, London Clinic, Sandringham, CNN’s Royal Locations: London, Regent’s, Sandringham , Norfolk, Kensington, Duchess of Sussex

☆ King Charles has cancer. Here’s what we know
▼ + stars: | 2024-02-05 | by ( Lauren Said-Moorhouse | Max Foster | ) edition.cnn.com time to read: +9 min

London CNN —King Charles III has been diagnosed with cancer and has started treatment in London. Specific medical conditions of members of the royal family are rarely divulged publicly. Andrew Parsons/Kensington PalaceQueen Camilla has been undertaking a full program of public duties in recent weeks, with that expected to continue. Now, 11 members of the clan conduct royal duties - more than half of whom are over the age of 70. Under the Regency Act 1937, that would be the next in line to the throne, which is Prince William.

Persons: London CNN — King Charles III, Charles ’, King, Catherine , Princess of Wales, Charles, King Charles, Queen Camilla, Mary Magdalene Church, Buckingham, Prince William, Catherine, William, Prince of Wales, Prince, Wales, ’, Andrew Parsons, Camilla, ”, King Charles , Queen Camilla, Princess Anne, Prince Andrew, Duke, Duchess, Duchess of Gloucester, Duchess of Kent, Prince Harry, Meghan, Andrew, Jeffrey Epstein, Harry, Duchess of Sussex, –, hasn’t, Princes William, Princess Beatrice, Prince Edward, Dukes of, Lord Chancellor, England, Prince George, Princess Charlotte, Prince Louis Organizations: London CNN, Buckingham, London Clinic, CNN, London Air Ambulance, Kensington, CNN’s Royal Locations: London, Aberdeenshire, Scotland, Regent’s, St, Sandringham , Norfolk, Kensington, Windsor, Edinburgh, United Kingdom, California, Queen, Dukes of Sussex, York

☆ A boomer Uber driver made over $100,000 but lost $80,000 to expenses and commissions. He shares why he plans to keep driving.
▼ + stars: | 2024-02-05 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

But after Uber took its cut and his driving expenses were accounted for, his profits fell to about $20,000. How commissions and driving expenses reduce drivers' profitsOf Ceran's roughly $83,000 in total business expenses, $38,000 consisted of Uber's booking and service fees — effectively the commission the company takes from drivers' earnings. After accounting for Uber's commission — and before expenses — Ceran saw as much as $65,000 in Uber income enter his bank account in 2023. The $44,000 deduction was an estimate for tax purposes, so it's possible his true vehicle expenses weren't quite that high. His first year driving Uber, 2016, was more eventful than anticipated: He got caught in Hurricane Matthew while driving in Norfolk, Virginia.

Persons: —, Ceran, Kia Forte, Uber, he's, they're, Lisa Greene, Lewis, Greene, — Ceran, he'd Organizations: Service, Business, BI Locations: Virginia, Hurricane, Norfolk , Virginia

☆ Stocks making the biggest moves midday: Peloton, Honeywell, Norfolk Southern, Boot Barn and more
▼ + stars: | 2024-02-01 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Meanwhile, analysts polled by LSEG, formerly known as Refinitiv, forecast earnings of 81 cents per share and $4.34 billion in revenue. Peloton — Shares fell more than 23% on the back of the company's bleak outlook for the current quarter and full-year sales. Peloton is forecasting sales to come in between $700 million and $725 million for the quarter. Analysts polled by LSEG expected revenue of $9.70 billion. Adjusted earnings per share came in at $2.10 versus the $1.66 expected from analysts polled by StreetAccount.

Persons: Robinson, Nextracker, Wolfspeed, MaxLinear, Qorvo, TD Cowen, Gabe Daoud Jr, — CNBC's Pia Singh, Lisa Kailai Han, Jesse Pound, Hakyung Kim, Spencer Kimball, Scott Schnipper Organizations: LSEG, —, Honeywell, New York Community Bank, Regional Banking, Western Alliance, T Bank, Norfolk Southern, Ancora Holdings, Street Journal, Merck —, Merck, FactSet, StreetAccount, Revenue, Qualcomm, Citi

☆ Stocks making the biggest moves premarket: Qualcomm, Merck, General Motors and more
▼ + stars: | 2024-02-01 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

The stock is trading at a low multiple compared to spending, the firm highlighted as a key catalyst for investors. Nextracker — Shares of the solar technology company jumped 17% on bullish analyst notes following its strong quarterly results and guidance increase. Wolfspeed guided for fiscal third-quarter revenue of $185 million to $215 million, below the $224 million, LSEG estimate. Robinson reported 50 cents per share in adjusted earnings, while analysts expected 81 cents per share, per LSEG. The company reported $9.44 billion in revenue, while analysts surveyed by LSEG were looking for $9.70 billion.

Persons: Christopher Danely, Morgan Stanley, Nextracker, Wolfspeed, TD Cowen, ChargePoint, C.H, Robinson, Merck, company's, —, Alex Harring, Lisa Kailai Han, Tanaya Macheel, Jesse Pound, Michelle Fox Theobald Organizations: Qualcomm, Citi, General Motors, General, Barclays, Bank of America, Revenue, Merck, Japanese, Honeywell, LSEG, Norfolk Southern, Ancora Holdings, Wall Street Journal Locations: Norfolk Southern

☆ Three-Stock Lunch: Merck, Norfolk Southern and Boot Barn
▼ + stars: | 2024-02-01 | 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 EmailThree-Stock Lunch: Merck, Norfolk Southern and Boot BarnJerry Castellini, CastleArk Management CIO, joins 'Power Lunch' to discuss his investing take on three stocks: Merck, Norfolk Southern, and Boot Barn.

Persons: Jerry Castellini Organizations: Merck, Norfolk Southern, CastleArk Management, Norfolk Locations: Norfolk Southern

☆ Cramer names railroad stocks to watch as Red Sea troubles shake up freight routes
▼ + stars: | 2024-01-31 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Wednesday suggested railroad stocks may be starting to climb. "Boy is that terrific for the West Coast operators, and there you're thinking about Union Pacific and Canadian Pacific Kansas City." Cramer reviewed earnings reports from Union Pacific , Canadian Pacific Kansas City , CSX and Norfolk Southern , saying all except the latter have potential. Canadian Pacific Kansas City saw the largest volume growth of the bunch. If investors feel confident about the economy, they have Cramer's "blessing to stick with Union Pacific, Canadian Pacific, or CSX — in that order, by the way — and forget about Norfolk Southern for the moment."

Persons: CNBC's Jim Cramer, Cramer, we've, — you've Organizations: West Coast, Union Pacific, Canadian Pacific, Canadian Pacific Kansas City, Norfolk, Pacific's, Canadian, CSX, Norfolk Southern Locations: Yemen, Red, West Coast, Suez, East Coast, Canadian Pacific Kansas, Canadian Pacific Kansas City, CSX, Canadian Pacific, Ohio

☆ The 'God's army' convoy traveling to Texas to stop migrants has seen a vehicle get lost, tires slashed, and someone stranded on the highway: report
▼ + stars: | 2024-01-31 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

Read previewA convoy of vehicles headed to Texas, organized by a group called "Take Our Border Back," has had a chaotic start, including slashed tires and a stranded participant, according to WIRED. According to WIRED, it all started to go wrong even before the convoy had set off. 4 cars had their tires slashed overnight at the Hotel where participates of the #TakeOurBorderBack convoy were staying. The group stated that one of its goals is to stop illegal immigration immediately and secure the border. How exactly the convoy plans to confront migrants at the border and stop them from entering the US remains unclear.

Persons: —, Craig Hudgins Organizations: Service, WIRED, Business Locations: Texas, Mexico, …, Norfolk , Virginia, Canada, Florence , South Carolina

Political Cartoons View All 253 ImagesHow did Deep Sea Vision detect the object that could be Earhart's plane? But it wasn't until the team reviewed sonar data in December that they saw the fuzzy yellow outline of what resembles a plane. “In the end, we came out with an image of a target that we believe very strongly is Amelia’s aircraft," Romeo told The Associated Press. But he said that Romeo’s team must provide “a forensic level of documentation” to prove it’s Earhart’s Lockheed. He would have expected to see straight wings and not swept wings, like the new sonar suggests, as well as engines.

Persons: Amelia Earhart, Tony Romeo, Electra, Romeo, Earhart, Fred Noonan, Noonan, “ Amelia, James Delgado, ”, Delgado, Romeo's, David Jourdan, Dorothy Cochrane, Cochrane, ’ ”, Lockheed Electra, Ole Varmer, Varmer, ” Varmer, “ It’s, —, Finley, Pollard Organizations: COLUMBIA, Lockheed, Archaeologists, Pan American Airlines, Air Force, Associated Press, Navy, National Air and Space Museum, National Oceanic, Atmospheric Administration, The Ocean Foundation, Purdue Research Foundation, Purdue University in, Smithsonian, America Statehouse News Initiative, America Locations: South Carolina, Norwegian, Howland, Papua New Guinea, Hawaii, New Guinea, U.S, New Jersey, “, Maritime, Connecticut, Howland Island, Purdue University in Indiana, Norfolk , Virginia

WASHINGTON (AP) — President Joe Biden will visit the eastern Ohio community that was devastated by a fiery train derailment in February 2023 that displaced thousands of residents and left many fearing potential health effects from the toxic chemicals that spilled when a Norfolk Southern train went off the tracks. A White House official said Wednesday that Biden will visit East Palestine in February, a year after the derailment. The absence of a visit by Biden had become a subject of persistent questioning at the White House, as well as among residents in East Palestine. The Biden administration defended its response right after the toxic freight train derailment, even as local leaders and members of Congress demanded that more be done. Political Cartoons View All 253 ImagesAsked last week about a potential Biden visit to Ohio, White House press secretary Karine Jean-Pierre said she had nothing to announce.

Persons: Joe Biden, Biden, “, Biden didn't, Karine Jean, Pierre, ”, ” Jean Organizations: WASHINGTON, White, Democratic, Environmental Protection Agency, National Transportation Safety, Biden, Norfolk Southern, Federal Emergency Management Agency Locations: Ohio, Norfolk Southern, Palestine, Pennsylvania, East Palestine, Maui, Florida, East Palestine , Ohio

Some of the biggest analyst calls on Monday focused on a dollar store stock and a major U.S. airline. She assigned a $235 price target, which suggests shares could climb about 23.5%. The analyst maintained his buy rating and raised his price target by $30 to $455, which implies 15.4% potential upside from Friday's close. His $175 price target — down from $185 — implies 25.3% downside for the stock from Friday's close. The bank upgraded the airline to buy from neutral, raising its price target to $20 from $14.

Persons: Bernstein, Hershey, Alexia Howard, Howard, —, — Pia Singh, Jefferies, Brent Thill, Morgan Stanley, Norfolk, Ravi Shanker, Shanker, Raymond James Raymond James, Olivia Tong, Tong, Matthew Boss, Said, ̇, Boss, Stephen Trent, Fred Imbert Organizations: CNBC, JPMorgan, Citi, American Airlines, Hershey, Meta, Norfolk, Colgate, Palmolive, CL, American Airlines American Airlines Locations: U.S, Norfolk Southern

☆ Here are Monday's biggest analyst calls: Nvidia, Netflix, Apple, Micron, Hershey, Dollar Tree, Qualcomm & more
▼ + stars: | 2024-01-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

JPMorgan upgrades Dollar Tree to overweight from neutral JPMorgan said in its upgrade of the stock that it's a "self-help" story. Bernstein upgrades Hershey to outperform from market perform Bernstein said in its upgrade of the chocolate maker that market share trends are improving. " Goldman Sachs reiterates Nvidia & Micron as buys Goldman said it's standing by shares of Nvidia and Micron. Bank of America upgrades ZoomInfo to buy from neutral Bank of America said the software company is a "self-help" story. Bernstein reiterates Qualcomm as outperform Bernstein said it's bullish heading into Qualcomm earnings later this week.

Persons: Wells, Jefferies, it's, Evercore, Bernstein, Hershey, Goldman Sachs, Goldman, Raymond James, Sherwin, Williams, Morgan Stanley, William Blair, Morgan Stanley downgrades Brown, Forman Organizations: UBS, Amazon, Amazon Web Services, Citi, Air, Deutsche Bank, TFI, Deutsche, JPMorgan, Warner Brothers Discovery, Microsoft, Meta, YouTube, Nvidia, Micron, MU, Netflix, Barclays, Apple, Colgate, Palmolive, " Bank of America, of America, Beam Therapeutics, Bank of America, Builders, Devices, AMD, Qualcomm Locations: Norfolk Southern, Atlanta

☆ Since Ohio Train Derailment, Accidents Have Gone Up, Not Down
▼ + stars: | 2024-01-28 | by ( Peter Eavis | ) www.nytimes.com time to read: +1 min

After a freight train carrying hazardous chemicals derailed a year ago in East Palestine, Ohio, forcing the evacuation of hundreds of residents and upending life in the town for months, the rail industry pledged to work to become safer, and members of Congress vowed to pass legislation to prevent similar disasters. And accidents went up. Derailments rose at the top five freight railroads in 2023, according to regulatory reports for the first 10 months of the year, the most recent period for which data exists for all five companies. And there was a steep increase in the mechanical problem — an overheated wheel bearing — that regulators think caused the derailment of the 1.75-mile-long train in East Palestine. Norfolk Southern, the operator of the train and the owner of the track that runs through the town, was the only railroad among the five to report a decline in accidents in the period.

Organizations: Norfolk Southern Locations: East Palestine , Ohio, East Palestine, Norfolk

The Atlanta-based railroad said it earned $527 million, or $2.32 per share, during the quarter. Without the $150 million in additional derailment costs, Norfolk Southern would have made $677 million, or $2.83 per share. The analysts surveyed by FactSet Research predicted that Norfolk Southern would make $2.86 per share, so the results fell just short of that. Norfolk Southern has now received $101 million of insurance payments. “The fourth quarter marked the end of a challenging, yet transformational year for Norfolk Southern,” Shaw said.

Persons: haven't, Alan Shaw, he’s, “, ” Shaw, FactSet Organizations: Norfolk, FactSet Research, Norfolk Southern Locations: Ohio, Atlanta, Norfolk Southern, East Palestine, Pennsylvania

(AP) — A second Rhode Island man charged with assault and battery and disorderly conduct in connection with the death of a fan at a New England Patriots game pleaded not guilty Friday. In a brief court appearance, Justin Mitchell, 39 was arraigned in Wrentham District Court over allegations he and 59-year-old John Vieira, both from Warwick, Rhode Island, punched 53-year-old Dale Mooney, of Newmarket, New Hampshire. Vieira pleaded not guilty last week. The Office of the Chief Medical Examiner provided preliminary indications that did not suggest traumatic injury, but did identify a medical issue, according to the district attorney’s office. Political Cartoons View All 253 ImagesFinal determinations delivered to the Norfolk District Attorney’s Office ruled the manner of death a homicide.

Persons: —, Justin Mitchell, John Vieira, Dale Mooney, Vieira, Mitchell, Mooney, Michael Morrissey Organizations: Rhode, New England Patriots, Gillette Stadium, Miami Dolphins, Attorney’s Locations: Wrentham District, Warwick , Rhode Island, Newmarket , New Hampshire, Norfolk

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