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Norfolk Southern Settles an East Palestine Train Derailment Suit for $600 Million
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Fire still burning after freight train derailment
Authorities say a freight train derailment and fire have forced the closure of a key east-west interstate trucking route near the Arizona-New Mexico state line.CBS News - Top stories -
Philips settles suits over its sleep apnea machines for $1.1 billion
Dutch medical device maker Philips says it's reached a $1.1 billion deal in the United States to settle lawsuits over faulty sleep machines in a case that's rocked the company.CBS News - Top stories -
NTSB to investigate freight train derailment on Arizona-New Mexico border
National Transportation Safety Board (NTSB), along with other federal authorities, is investigating Friday's freight train derailment on the Arizona-New Mexico border. The BNSF freight train was carrying gasoline and odorless propane when it ...The Hill - Politics -
Freight train derails, catches fire near New Mexico-Arizona border causing road closures
A freight train detailed and caught fire, resulting in the closure of a nearby interstate, the Arizona Department of Transportation announced on Friday. "I-40 EB is closed at milepost 357 due to a train derailment in New Mexico," the Arizona DOT ...The Hill - Politics -
Investigation underway after freight train carrying fuel derails, igniting large fire
A BNSF freight train derailed on Friday at 1:45 p.m. MT near Manuelito, New Mexico, according to the National Transportation Safety Board.ABC News - Top stories -
Teamsters union endorses activist Ancora in Norfolk Southern proxy fight
The activist at Norfolk Southern won support of the Teamsters union, a key endorsement as Ancora seeks to convince shareholders their plan is the right option.CNBC - Business -
Activist Ancora endorsed by second Norfolk Southern union, splitting labor support
The BLET Teamsters said they would back activist Ancora's efforts to oust Norfolk Southern CEO Alan Shaw in favor of new management.CNBC - Business -
Glass Lewis endorses 6 of activist Ancora's nominees for Norfolk Southern board
Norfolk Southern shareholders should vote for activist Ancora's nominees, proxy advisory firm Glass Lewis recommended, a strong sign of support ahead of a May 9 meeting.CNBC - Business -
Glass Lewis Backs 6 Activist Nominees for Norfolk Southern's Board
Norfolk Southern leaders were dealt a heavy blow in their proxy fight with activist investor Ancora Holdings after proxy advisory firm Glass Lewis endorsed six of Ancora’s seven proposed board nominees.The Wall Street Journal - Business -
Hippies Settled This Unusual California Community. Now Its Homes Sellfor Millions.
The Sea Ranch is secluded, architecturally distinct and doesn’t come cheap. ‘There’s no place like this anywhere.’The Wall Street Journal - World - California
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Elon Musk Reaches Deals in China on Self-Driving Teslas
Elon Musk met with the country’s premier, a longtime Tesla ally, and secured regulatory nods and a necessary partnership with a Chinese tech company.The New York Times - Business - China -
Skydance Offers Paramount a Merger Sweetener: A $3 Billion Cash Infusion
The terms of the new deal would provide Paramount shareholders with an investment to pay down debt and buy back stock.The New York Times - Business -
A.I. Start-Ups Face a Rough Financial Reality Check
The table stakes for small companies to compete with the likes of Microsoft and Google are in the billions of dollars. And even that may not be enough.The New York Times - Business -
How Supplement Stores Are Trying to Tap Into the Ozempic Boom
GNC and the Vitamin Shoppe are redesigning displays and taking other steps to appeal to people who are taking or are interested in drugs like Ozempic and Wegovy.The New York Times - Business -
Friends From the Old Neighborhood Turn Rivals in Big Tech’s A.I. Race
Demis Hassabis and Mustafa Suleyman, who both grew up in London, feared a corporate rush to build artificial intelligence. Now they’re driving that competition at Google and Microsoft.The New York Times - Business