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As the Nebraska explosion made clear, there can be problems that are hard to spot before potentially disastrous accidents occur. Some details about the explosion might never be known because the shipping container carrying the acid was destroyed. Union Pacific CEO Jim Vena said he understands and welcomes the agency's scrutiny. Vena said Union Pacific and other major railroads have become safer over time. “And that’s what I’m challenging the team with here at Union Pacific is we have to get better ... We’ll invest in it.
Persons: haven’t, , Andy Foust, Warren Flatau, Pete Buttigieg, , Foust, , hasn’t, Dennis Thompson, Thompson, Jim Vena, Vena, We’ll, Charlie King Organizations: , Union Pacific, Federal Railroad Administration, . Transportation, Rail, Transportation Workers, Transportation Division, . Railroad, Materials Safety Administration, Norfolk Southern, Platte Fire, Pacific, of Railroad Infrastructure Locations: OMAHA, Neb, Nebraska, North Platte , Nebraska, Omaha, Norfolk, Ohio, railyard, Palestine
The two Thanksgiving turkeys were due at the White House on Monday to play their part in what has become an annual holiday tradition: a president sparing them from becoming someone's dinner. President Joe Biden, the oldest president in U.S. history, also was celebrating his 81st birthday on Monday. Political Cartoons View All 1256 ImagesLykken introduced Liberty and Bell on Sunday at the Willard Intercontinental, a luxury hotel close to the White House. A little over 200 million turkeys will be eaten on Thanksgiving, Lykken said. Biden will eat his Thanksgiving turkey with family on Nantucket, a Massachusetts island, continuing a long family tradition.
Persons: Bell, , ” Steve Lykken, Jennie, Joe Biden, Jill Biden, ” Lykken, , “ gobble, gobble, hoopla, Taylor Swift, Harry Truman, George H.W, Bush, he’s, , Biden, Lykken, Dwight D, Eisenhower, Gerald R, Ford, Markus Platzer, Willard, ” Platzer Organizations: WASHINGTON, , White, National Turkey Federation, Associated Press, Bell, Willard, Liberty, University of Minnesota's College of Food, Natural Resources Sciences, Norfolk Naval Locations: — Liberty, Turkey, Washington, Fleetwood , North Carolina, Liberty, U.S, Minnesota, Willmar , Minnesota, Nantucket, Massachusetts, Virginia
U.S. President Joe Biden and first lady Jill Biden leave the White House to board Marine One in Washington on November 11, 2023. Acquire Licensing RightsWASHINGTON, Nov 19 (Reuters) - U.S. President Joe Biden and first lady Jill Biden will join military personnel and their families on Sunday for an early Thanksgiving meal dubbed "Friendsgiving." The event will take place at Naval Station Norfolk in Norfolk, Virginia. While in Norfolk, the Bidens will kick off an advance screening with service members and their families of “Wonka,” a new musical fantasy film focusing on a young Willy Wonka. Then, they will participate in a Friendsgiving dinner with service members and military families associated with the Dwight D. Eisenhower and the Gerald R. Ford aircraft carriers.
Persons: Joe Biden, Jill Biden, Amanda Andrade, Rhoades, “ Wonka, Willy Wonka, Dwight D, Eisenhower, Gerald R, Robert, Steve Holland, Franklin Paul Organizations: House, REUTERS, Rights, Naval, Ford, Forces Initiative, United Service Organizations, Robert Irvine Foundation, Franklin Paul Our, Thomson Locations: Washington, Norfolk, Norfolk , Virginia, Nantucket, Israel
Rosalynn Carter passed away peacefully with family by her side at her home in Plains, Georgia, the center said in a statement. It was likely that Eleanor Rosalynn Smith would cross paths with Jimmy Carter in their small hometown of Plains, Georgia. Former first lady Rosalynn Carter poses for a portrait in New York in 2011. Atlanta Journal-Constitution/AP Jimmy Carter, then a Georgia state senator, hugs his wife at his campaign headquarters in Atlanta in 1966. The Carter CenterRosalynn and Jimmy Carter had four children, 12 grandchildren and several great-grandchildren.
Persons: CNN — Rosalynn Carter, Rosalynn Carter, “ Rosalynn, Jimmy Carter, , , Ronald Reagan, Rosalynn, Jill Biden, ” Jimmy Carter, Jason, Amy, Dan Farrell, Carter, ” Jill Biden, Joe Biden, “ They’re, George W, Bush, Laura Bush, She’s, Jill Stuckey, Carters, Bill Clinton, Jake Tapper, CNN’s, Eleanor Rosalynn Smith, ” Rosalynn, Ruth, Jimmy, Jimmy wasn’t, John William, “ Jack ”, James Earl, Chip ”, Donnel Jeffrey, “ Jeff ”, Amy Lynn, Stuart Eizenstat, Donald Trump, Melania, ” Trump, Plains Carter, Richard Nixon, Gerald Ford, Nixon’s, Mary Matise, Eleanor Roosevelt, Steven Hochman, Mrs, ” Hochman, ’ ”, Michelle Obama, ” Michelle Obama, , Georgia’s, Nikki Kahn, Horace Cort, Mikki Ansin, Jeff, Jack, Barbara Walters, Richard Howard, Suzanne Vlamis, Diana Walker, Joan Mondale, Walter Mondale, Muriel Humphrey, Hubert Humphrey, Ruth Carter Stapleton, Jimmy Carter's, Wally McNamee, Corbis, Ron Galella, Bromberger Hoover, Jay Leno, Alice S, Tami Chappell, Charlie Neibergall, Laura Rauch, Carolyn Kaster, Sebastian Scheiner, Barack Obama's, Bill Clark, John Bazemore, Amy Davis, Saul Loeb, Errol, Jimmy's, Branden Camp, Caroline Kennedy, Hillary Clinton, Nancy Reagan, David McNew, Matt McClain, Adam Schultz, The New York Times Adam Schultz, White, Erin Schaff, Michael S, Williamson, Theodore Roosevelt’s, , Jimmy ’, Welfare Joe Califano, Jerry Rafshoon, Carter’s, Joe Califano, Massachusetts Sen, Ted Kennedy, Rafshoon, Camp David, David, Zbigniew Brzezinski, ” Brzezinski, Harry, Bess Truman, Lady Rosalynn Carter, Kate Andersen Brower, CNN’s Stephen Collinson, Sam Fossum, Gabe Cohen Organizations: CNN, Carter, House, The Carter, Naval, Americana, NY, White, Maranatha Baptist Church, Sunday, Carter Institute for Caregiving, Georgia Southwestern State University, Southern Baptists, Naval Academy, Georgia, Atlanta, Brigade, Jimmy, Mental Health, Washington Post, Hulton, Disney, Bettmann, Mental Health Systems, Harlem Globetrotters, Getty, White House, Democratic National Convention, Toronto, Presidential, Humanity, Baltimore Sun, Tribune, Service, Capitol, Aging, NBA, The New York Times, Department of Justice, Health, Education, Welfare, Democratic, American, Human, Camp, Habitat, U.S Locations: Plains , Georgia, Israel, Egypt, Iran, Atlanta, Norfolk, Cuba, Sudan, North Korea, Guinea, mater, Georgia, Plains, , Hawaii, New London , Connecticut, Schenectady , New York, Washington, Iowa, Florida, Americus , Georgia, New York, Brazil, Dubuque , Iowa, Waterloo , Iowa, San Francisco, Ashkelon, Baltimore, Annapolis , Maryland, Rosalynn, North Carolina, White, Central, South America, Ecuador, Peru, Colombia, Panama, Maryland, Tehran, United States
Former U.S. First Lady Rosalynn Carter poses for a portrait in New York City, New York, on Friday, September 23, 2011. Jimmy Carter, Democratic presidential candidate, and his wife, Rosalynn, share a moment aboard his campaign plane on Oct 24th, 1976. Rosalynn Carter during Habitat for Humanity - 2005 Jimmy Carter Work Project - Day 2 at Benton Harbor in Benton Harbor, Michigan, United States. A portrait of President Jimmy Carter and his extended family. Left to right: Judy (Mrs. Jack Carter); Jason James Carter; Jack (John William Carter); Annette (Mrs. Jeff Carter); Jeff (Donnel Jeffrey Carter); first lady Rosalynn Carter; daughter Amy Lynn Carter; President Carter; daughter-in law Caron Griffin Carter holding James Earl Carter IV; and son Chip (James Earl Carter III).
Persons: Lady Rosalynn Carter, Carter, Nikki Kahn, Rosalynn Carter, Jimmy Carter, Biden, Trump, Bess Truman, Harry Truman, Truman, Jimmy, Rosalynn, Eleanor Rosalynn Smith, Allethea Murray Smith, Wilburn Edgar Smith, Rosalynn's, Norfolk , Virginia — Jimmy's, John William, James Earl III, Donnel Jeffrey, Amy Lynn —, , Jimmy's, Judy, Jack Carter, Jason James Carter, Jack, John William Carter, Annette, Jeff Carter, Jeff, Donnel Jeffrey Carter, Amy Lynn Carter, President Carter, Caron Griffin Carter, James Earl Carter IV, Chip, James Earl Carter III Organizations: U.S, RAND, First, Initiative, Washington, Getty, Washington Post, The Washington Post, Carter, White, NBC News, Democratic, Bettmann, Carter Center, Humanity, Georgia Southwestern College, U.S . Naval Academy, Habitat, Wireimage, Historical Association, Georgia, U.S . News Locations: New York City , New York, Washington, Georgia, Latin America, Israel, Ukraine, Colorado, Plains, Plains , Georgia, Benton Harbor, Benton Harbor , Michigan, United States, Norfolk , Virginia, Virginia, Hawaii, Connecticut, U.S
(AP) — President Joe Biden is set to visit naval installations in Virginia on Sunday for an early kickoff to the Thanksgiving holiday week. He plans to host a screening of the movie “Wonka” and have a “friendsgiving” meal with service members and their relatives. Later, the Bidens plan to help serve dinner with service members from the USS Dwight D. Eisenhower and the USS Gerald R. Ford at Norfolk Naval Station, the largest installation of its kind in the world, along with their families. In 2021, the Bidens visited the Army’s Fort Bragg in North Carolina for an early Thanksgiving meal in a hangar for about 250 service members and their families. The president and first lady plan to spend this Thanksgiving on Nantucket, a Massachusetts island.
Persons: Joe Biden, Wonka, Jill Biden, Roald Dahl’s, Willy Wonka, Dwight D, Eisenhower, Gerald R, Ford, There's, Donald Trump's, Trump, Biden, Beau, Joe Organizations: Norfolk Naval Station, Republican, National Guard, Republicans, Delaware National Guard, Troops Locations: WILMINGTON, Del, Virginia, Hampton Roads, Texas, Edinburg, U.S, Mexico, United States, Iraq, Cherry Point , North Carolina, Bragg, North Carolina, Nantucket, Massachusetts
ATLANTA (AP) — Reactions to the death of Rosalynn Carter, former first lady and global humanitarian:___President Joe Biden said the Carters “brought grace” to the White House. “There was no greater advocate of President Carter, and their partnership set a wonderful example of loyalty and fidelity. “The State of Georgia and the United States are better places because of Rosalynn Carter," Ossoff said in a statement. “Georgia Democrats join our entire state, nation, and the world in mourning the loss of former First Lady Rosalynn Carter – an extraordinary humanitarian, fierce mental health advocate, and beloved daughter of Georgia," Williams said. In lieu of flowers, Carter requested that those wishing to honor her memory do so through contributions to the Carter Center’s Mental Health Program or the Rosalynn Carter Institute for Caregivers, the statement said.
Persons: Rosalynn Carter, Joe Biden, , , ” Biden, Jimmy Carter, ___, George W, Bush, Carter, ” Bush, Laura Bush, Sen, Jon Ossoff, Ossoff, ” ___, Donald Trump, Carter “, ” Trump, Melania Trump, ” Melania Trump, Nancy Pelosi, Lady Carter, ” Pelosi, Bill, Hillary Clinton, Andre Dickens, ” Dickens, Georgia —, Lady Rosalynn Carter, Michelle Obama, I’ll, Obama, Nikema Williams, Rosalynn Carter –, Williams Organizations: ATLANTA, Air Force, U.S, Navy, Georgia, Carter Center, Habitat, Humanity, Truth, World Health Organization, Carter, Atlanta, White, Rep, Democratic Party of Georgia, “ Georgia Democrats, Mental Health Locations: Norfolk , Virginia, Georgia, The State, United States, Latin America, Atlanta,
ATLANTA (AP) — Former first lady Rosalynn Carter, the closest adviser to Jimmy Carter during his one term as U.S. president and their four decades thereafter as global humanitarians, has died at the age of 96. Fiercely loyal and compassionate as well as politically astute, Rosalynn Carter prided herself on being an activist first lady, and no one doubted her behind-the-scenes influence. After Ronald Reagan won the 1980 election, Rosalynn Carter seemed more visibly devastated than her husband. “We developed a partnership when we were working in the farm supply business,” Rosalynn Carter recalled with pride in a 2021 interview with The Associated Press. He listens to her.”Ceremonies celebrating the life of Rosalynn Carter will take place after the Thanksgiving holiday in Atlanta and Sumter County, Georgia, the Carter Center announced Sunday evening.
Persons: , Rosalynn Carter, Jimmy Carter, , “ Rosalynn, Joe Biden, , ” Biden, Jill Biden, Carter, Rosalynn, ” Jimmy Carter, shakeup, Carters, Jimmy Carter’s, Eleanor Roosevelt, We've, Jimmy, Ronald Reagan, Bess Truman, Eleanor Rosalynn Smith, Lillian Carter, John William, Jack, James Earl III, Donnel Jeffery, Jeff, Amy, Carter's, James Earl Sr, ” Rosalynn Carter Organizations: ATLANTA, Carter, Air Force, House, Mental Health, Georgia, White, Habitat, Humanity, Naval Academy, Georgia Southwestern College, Associated Press, Jimmy Carter Presidential Library and Museum Locations: Georgia, Plains, , Norfolk , Virginia, Washington, Latin America, Atlanta, Guinea, Annapolis , Maryland, Annapolis, Portsmouth , Virginia, Honolulu, New London , Connecticut, Sumter County , Georgia
The tale of the misprint, and the ever-increasing sale prices, began to make the Inverted Jenny famous enough to be a cultural reference. In the 1985 comedy “Brewster’s Millions,” Richard Pryor, who for plot reasons is desperately trying to spend $30 million, asks a dealer for his most expensive stamp and is shown the Inverted Jenny. In 1955, a block of four was stolen from a stamp collecting convention in Norfolk, Va. First, check Grandpa’s safe deposit box. The stamp sold last week was discovered in 2018 after spending generations in a safe deposit box.
Persons: ” Richard Pryor, , Homer Organizations: Postal Locations: Independence, Norfolk, Va
A business owner with companies near where a Norfolk Southern train derailed and caught fire in February has sued the railroad for $500 million, saying most of his eastern Ohio companies have remained closed and he hasn't been able to reach a financial settlement with the railroad. It comes amid government lawsuits against Norfolk Southern and a class action case on behalf of residents who have complained about the derailment's impact on East Palestine, Ohio. Before the derailment spilled chemicals on his property, Wang's companies employed close to 50 people and had plans to expand. Wang's lawsuit blames the derailment on Norfolk Southern having cut its workforce in recent years and its decision to rely more on longer, heavier trains. Atlanta-based Norfolk Southern is one of the nation's largest railroads and operates roughly 20,000 miles of track in the eastern United States.
Persons: hasn't, Edwin Wang, Wang can’t, Thomas Crosson, Wang Organizations: Norfolk Southern, EPA, Railroad, Transportation, Norfolk Locations: Norfolk Southern, Ohio, East Palestine , Ohio, Pennsylvania, Palestine, Norfolk, Atlanta, United States
It seems nothing less than a miracle that so many manuscripts from the era endure to our day. These heroes are the subjects of Christopher de Hamel’s lovingly written and lavishly illustrated “The Manuscripts Club: The People Behind a Thousand Years of Medieval Manuscripts.” Crack the spine of any volume by de Hamel and you will step into a world of bookish wonderment. One of the most eminent living scholars and catalogers of medieval European manuscripts, de Hamel is also their greatest champion, having devoted his career to revealing their treasures and mysteries to scholarly and public audiences alike. Alongside his catalogs of private and public collections, he has published studies and guidebooks on a variety of topics. “Scribes and Illuminators” (1992) is still widely taught to students in paleography and codicology (the sciences of old handwriting and old manuscript books, respectively), while “The Book: A History of the Bible” (2001) surveys the history of the sacred Hebrew and Christian texts through the lens of their myriad surviving manuscripts.
Persons: Christopher de Hamel, Hilary Mantel’s, , Cardinal Wolsey’s, Dukes, Christopher de Hamel’s, de Hamel, Illuminators ” Locations: Norfolk, Sussex, paleography
A European company has canceled plans to build blades for offshore wind turbines in coastal Virginia, the latest sign of struggle within the U.S.'s nascent industry. Dominion said its 176-turbine project will be the largest offshore wind farm under development in the U.S. The main appeal of offshore wind for supporters, including environmentalists and many state governments, is that it doesn't burn fossil fuels and therefore drive climate change. But opponents claim offshore wind is inherently unworkable without massive financial subsidies. But the costs of renewable energy — wind, solar, and other forms — have been declining, while becoming increasingly competitive, he said.
Persons: Siemens Gamesa, Joe Biden, Robert McNab, ” McNab, Organizations: Siemens, Dominion, U.S, Old Dominion University Locations: Virginia, Port of Virginia, Portsmouth, Spain, U.S, New Jersey, Massachusetts, Spanish, Connecticut, Virginia Beach, Europe, Norfolk , Virginia
RICHMOND, Va. (AP) — Voters in Virginia's capital city are deciding Tuesday whether developers can move forward with a proposed $562 million resort casino along Interstate 95. A ballot measure on whether to allow the gambling and entertainment complex is before Richmond voters for a second time, after the city narrowly rejected the proposal two years ago. Many of the anti-casino signs that dotted the city in recent weeks have emphasized the fact that the city already said “no” once before. Boosters estimate the casino will deliver 1,300 permanent jobs, and developers are promising big financial benefits. An agreement with the city calls for a one-time upfront $25.5 million payment if the referendum passes, with another $1 million after financing closes.
Persons: Levar Stoney, , Tierra, Paul Goldman, Goldman, They’re, trashing, ” Goldman Organizations: , Richmond, Richmond Grand, Urban, Kentucky Derby, Democratic Party, Locations: RICHMOND, Va, Virginia's, Richmond, Churchill Downs, Louisville, Tierra Ward, Virginia, Bristol, Portsmouth, Danville, North Carolina, Norfolk
Photographer: Christopher Dilts/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesAs holiday shopping season begins, lack of big orders from retailers is the rule amid fears that consumer spending will be weak, according to a new CNBC Supply Chain Survey. At the CNBC Evolve Global Summit last Thursday, Target CEO Brian Cornell said the company is doubling down on its cautious outlook for the holiday season. The CNBC Supply Chain Survey was conducted October 21-October 31 among logistics executives who manage freight manufacturing orders and transportation, including those at C.H. Lunar New Year and order volumes The CNBC Supply Chain Survey underscores an overall climate of uncertainty that is defining the market right now. The freight trucking recession Trucking companies get paid per load, and the low expectations for orders imply potentially lower revenue this holiday season.
Persons: Christopher Dilts, Robinson, Noah Hoffman, Hoffman, Jeremy Barnum, Brian Cornell, Raj Subramaniam, restocking, Kuehne, Nagel, Paul Brashier, Tim Robertson, Robertson, Brian Bourke, Elmer Buchta, Jeff Bezos, Uber, Brashier, Berkshire Hathaway, Alan Baer Organizations: Bloomberg, Getty Images Bloomberg, Getty, CNBC Supply Chain Survey, North American Surface Transportation, CNBC, Global, FedEx, Chain Survey, SEKO Logistics, USA, ITS Logistics, Amazon, Maersk, Logistics, Convoy, Tank Transport, U.S ., Union Pacific, BNSF, Norfolk Southern, CSX Locations: Chicago , Illinois, C.H, U.S, China, United States, Montana, Indiana, Panama, West Coast, U.S . West Coast, Los Angeles, Berkshire, West, East Coast
Wind Power Write-Downs Cast Shadow Over Industry Outlook
  + stars: | 2023-11-01 | by ( Giulia Petroni | ) www.wsj.com   time to read: +5 min
Wind-power developer Orsted scrapped projects in New Jersey citing supply-chain problems and high interest rates. Orsted , BP and Equinor have collectively written off $4.8 billion against U.S. offshore wind projects in recent days. Equinor, BP’s partner on the Empire Wind and Beacon Wind projects, booked an impairment of around $300 million on its U.S. portfolio. Utility Dominion Energy on Tuesday received a key federal approval for its 2.6-gigawatt offshore wind project in Virginia. And Orsted confirmed its final investment decision into Revolution Wind, an offshore 704-megawatt project in Connecticut and Rhode Island.
Persons: Wayne Parry, Orsted, Mads Nipper, henning bagger, , Phil Murphy ’, Martin Tessier, Stifel ’, , Engie, Vattenfall, Russ Mould, AJ Bell, Dominic, Giulia Petroni Organizations: Associated, U.S, Agence France, Republicans, Democratic Gov, , BP, Iberdrola, Shell, Business, Siemens Energy, Dominion Energy, giulia.petroni@wsj.com Locations: New Jersey, U.S, Danish, New York, Connecticut, Massachusetts, Swedish, Norfolk, Virginia, Rhode Island, Asia Pacific, Europe
(AP) — The automatic braking system railroads were required to install several years ago needs improvement to better prevent collisions, federal safety investigators said in a report Wednesday. The National Transportation Safety Board has said more than 150 train crashes since 1969 could have been prevented by Positive Train Control. The agency had recommended the automatic braking system for years before it was mandated by Congress, which extended the original 2015 deadline twice and gave railroads until the end of 2020 to complete the system. The crash was likely caused by an overheating bearing and isn't one the automatic braking system is designed to prevent. The National Transportation Safety Board said there are several shortcomings of the current railroad braking system that developed partly because the system had to be designed so that every railroad's system would work on another railroad.
Persons: Jessica Kahanek, Federal Railroad Administration didn't, Jennifer Homendy, doesn't Organizations: National Transportation Safety, Federal Railroad Administration, Railroads, National Transportation, Train Control, Congress, of American Railroads, Railroad, Norfolk Southern, National Transportation Safety Board Locations: OMAHA, Neb, California, Norfolk, Ohio
A small, beloved footbridge in the county of Norfolk has been dismantled twice only to be replaced by “local fairies,” according to village lore, in a long-running dispute between a coastal English village and the National Trust, a conservation charity. The bridge, which provides a pathway to beloved salt marshes on the English coast, had been used for more than 50 years until the National Trust took it down last year, citing safety concerns. Villagers received no warning of the plans to remove a crucial route, said Ian Curtis, a resident campaigning to have the bridge replaced.
Persons: Ian Curtis Organizations: National Trust Locations: Norfolk
A 600-year-old castle is available to rent on Airbnb for around $6,000 a night. The property in Norfolk, England, has 15 bedrooms and can host up to 30 people. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementIf you want to live like an English lord for a night, look no further than the grand, 600-year-old castle in Norfolk, England, that is now available to rent on Airbnb. Take a look inside.
Persons: Organizations: Service Locations: Norfolk, England, Airbnb
The new portals, equipped with high-speed cameras, will take hundreds of pictures of every passing locomotive and rail car. Unlike previous versions, these new inspection portals will be able to capture all sides of a train that passes through them with well-lit images. University of Delaware professor Allan Zarembski, who leads the Railroad Engineering and Safety Program there, said it's significant that Norfolk Southern is investing in so many of the portals. The Atlanta-based railroad didn't say how much it is investing in the technology it worked with Georgia Tech to develop. That crash put the spotlight on railroad safety nationwide and prompted calls for reforms.
Persons: carmen, Allan Zarembski, David Clarke, ” Clarke, , Norfolk, We’re, John Fleps, Alan Shaw's Organizations: Norfolk Southern, Rail, University of Delaware, Railroad Engineering, Safety, CSX, University of Tennessee’s Center for Transportation Research, Georgia Tech Locations: OMAHA, Neb, Norfolk, Ohio, Leetonia , Ohio, East Palestine, Atlanta, Palestine
Results haven't been bad, but the macro is overwhelming everything, and fourth-quarter guidance is slipping. Here's a general rule for the stock market: earnings are the main determinant of stock prices in the long run, but in rare cases macro trends can overwhelm their message. Earnings are OK, but the trend is down On the surface, this looks like a good earnings season. With earnings, however, it's the trend in the forward quarter that matters: is the trend up or down? If Treasury yields stabilize or even move lower, that will be a more important factor than a slightly lower earnings environment.
Persons: Here's, CNBC's Robert Hum, Sellers, Chubb, Sherwin, Williams, Kimberly Clark, Campbell, Swift, FactSet's John Butters, what's Organizations: Microsoft, Waste, Norfolk, Procter, Gamble, Pepsi, Soft, Nvidia, Express, Visa, Southwest Airlines Locations: Meta, Winnebago, Corning, Big Tech, Treasurys
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
The results were hurt by the derailment costs, a drop in its fuel surcharge revenue and flat volume. Without the derailment costs, the railroad would have made $601 million, or $2.65 per share. The analysts surveyed by FactSet Research expected Norfolk Southern to report earnings per share of $2.64, on average. Norfolk Southern officials said their volume has improved over the past month to reach levels they haven't seen since the second quarter of 2022. Norfolk Southern is one of the nation's largest railroads operating in the Eastern United States.
Persons: Alan Shaw, , That's, Edward Jones, Jeff Windau Organizations: Norfolk, Norfolk Southern, FactSet Research, Eastern Locations: OMAHA, Neb, East Palestine, Norfolk Southern, Ohio, Atlanta, Norfolk, Eastern United States
(AP) — Police in Norfolk, Nebraska, have identified a man whose body was found inside an apartment building chimney, but they're still not sure about the circumstances that led to his death. The victim was 29-year-old Zachariah Andrews of Norfolk, the Norfolk Daily News reported Wednesday. Michael Bauer said Andrews was identified by scars, marks, tattoos and an identification card found with his body. Police received a call on Sept. 16 from a tenant of the apartment building who said he heard a man yelling for help. Political Cartoons View All 1218 ImagesPolice have said they believe the death was an accident, but an investigation is ongoing.
Persons: they're, Zachariah Andrews of, Michael Bauer, Andrews, Bauer Organizations: — Police, Norfolk Daily News, Police Locations: NORFOLK, Neb, Norfolk , Nebraska, Zachariah Andrews of Norfolk
Microsoft posted almost 13% year-over-year revenue growth, and its Azure cloud segment saw revenue gain 29% for the quarter. Norfolk Southern — The freight railroad dropped 5.3% on the back of disappointing third-quarter earnings. General Dynamics — Shares of General Dynamics rose 4% after the defense contractor's third-quarter earnings and revenue topped estimates. The semiconductor manufacturer sees earnings per share between $1.35 and $1.57, versus the $1.76 expected by analysts polled by FactSet. The stock's third-quarter revenue also disappointed investors, coming in at $4.35 billion, versus the $4.58 billion estimated by analysts polled by LSEG.
Persons: Wells, Max, , Lisa Kailai Han, Fred Imbert, Hakyung Kim, Yun Li Organizations: Microsoft —, Microsoft, Windows, Norfolk Southern, LSEG, Revenue, Dynamics —, Dynamics, General Dynamics, Boeing —, Deutsche Bank, . Waste Management, Texas, FactSet Locations: U.S
For years, the US Navy has struggled to complete repairs of its ships on time. To reduce workload at domestic shipyards and keep ships at sea, the US is looking for help overseas. That number has improved, but delays persist amid other challenges at Navy shipyards. Salvor was the first ship repaired in India following the signing of a Master Ship Repair Agreement with L&T Shipyard. "It's all hands on deck within the free world right now, and I think something like that would simultaneously enhance our ability to repair ships more quickly and also be a deterrent in the Pacific."
Persons: , MCS3 Brandon Roberson, Biden, USNS Charles Drew, USNS Matthew Perry, Salvor, Fitzgerald, Leonard Adams, Carlos Del Toro, Charles Drew, Del Toro, Joel Garcia Japan, Rahm Emanuel, Emanuel, Harry Harris Jr, Harris, Paul, Wendy Hallmark, Rob Wittman, Wittman, Mike Gallagher, Gallagher Organizations: US Navy, Service, Pentagon, Navy, MCS3 Brandon Roberson Public, Maritime Sealift Command, USNS, Larsen & Toubro Shipyard, USNS Salvor, T Shipyard, Military Sealift Command, Mazgaon, Goa Shipyard, Getty, US, White, National Press, Nikkei Asia, US Military Sealift Command, Pacific Command, USS, Puget Sound Naval Shipyard, Republican, House Armed Services Committee, Capitol, Strategic Competition Locations: Western, Washington, China, Norfolk, India, Chennai, Shipbuilders, Mumbai, Goa, Japan, Asia, Philippines, Singapore, South Korea, extremis, USS Minneapolis, St, United States
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