Ancora gains three seats on NS board, but fails to oust CEO Shaw
Ancora Capital’s $1bn push to take control of Norfolk Southern Railway (NS) has failed. NS shareholders ...
TSLA: OVERWHELMING SUPPORTCHRW: SHORT INTERESTDHL: REFLECTING ON GUIDANCEDHL: EXPRESS FOCUSDHL: FORWARDING UPSIDEMAERSK: FAILED BOUNCEATSG: DOWN AGAINMAERSK: RATES JOY AND PAINR: INVESTOR DAY AND HIGHER RETURNSWMT: PRICES ON WATCHTSLA: CEO PAY PACKAGECAT: STRONGDHL: SPOTTING TRENDSAAPL: ANOTHER HIGH
TSLA: OVERWHELMING SUPPORTCHRW: SHORT INTERESTDHL: REFLECTING ON GUIDANCEDHL: EXPRESS FOCUSDHL: FORWARDING UPSIDEMAERSK: FAILED BOUNCEATSG: DOWN AGAINMAERSK: RATES JOY AND PAINR: INVESTOR DAY AND HIGHER RETURNSWMT: PRICES ON WATCHTSLA: CEO PAY PACKAGECAT: STRONGDHL: SPOTTING TRENDSAAPL: ANOTHER HIGH
More than a year on from the East Palestine, Ohio, derailment and its associated chemical spill that forced residents from their homes and led to the deaths of thousands of animals, US rail operator Norfolk Southern has agreed to a $310m settlement with the government. $235m will be spent on cleaning up the contaminated air, soil, and water, while the US Department of Justice said the carrier will bear responsibility for the cost of long-term environmental monitoring and mental health services for residents, according to BBC. In total, Norfolk Southern expects the cost of the February 2023 derailment to exceed $1bn after it reached a $600m class-action settlement with the town’s residents in April.
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