Norfolk Southern agrees to $310 million federal settlement about Ohio practice derailment

Norfolk Southern agrees to 0 million federal settlement about Ohio practice derailment


Important Details
  • Norfolk Southern has agreed to pay out $310 million to settle fees in excess of the East Palestine, Ohio, train derailment that occurred in February 2023, with the vast majority of that going to cleanup prices.
  • The company will pay out a $15 million great for alleged violations of the Clear Drinking water Act as element of the federal settlement.
  • Norfolk Southern is estimating it will spend $1.7 billion in whole charges linked with the incident.



Supply

Stocks making the biggest moves midday: JPMorgan, Moderna, Boeing, Cardinal Health, Chipotle & more
Finance

Stocks making the biggest moves midday: JPMorgan, Moderna, Boeing, Cardinal Health, Chipotle & more

Check out some of the companies making the biggest moves midday: JPMorgan Chase — The largest bank in the U.S. dropped more than 3%, trading near session lows, after investment banking fees fell, missing expectations. JPM’s chief financial officer signaled that the banking industry could push back against President Donald Trump’s call for a one-year […]

Read More
Warren Buffett was still searching for that elephant in his final months as Berkshire CEO
Finance

Warren Buffett was still searching for that elephant in his final months as Berkshire CEO

Warren Buffett and Greg Abel walkthrough the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. David A. Grogen | CNBC In the final stretch of his tenure atop Berkshire Hathaway, Warren Buffett was still pursuing that elusive elephant. The 95-year-old legendary investor, who handed over the CEO reins to Greg Abel […]

Read More
JPMorgan is lower after better-than-expected results. Is it a buying opportunity?
Finance

JPMorgan is lower after better-than-expected results. Is it a buying opportunity?

Source

Read More
Powered by WordPress | WP Magazine by WP Mag Plus