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

Block shares soar 10% on entry into S&P 500
Finance

Block shares soar 10% on entry into S&P 500

Key Points Block is joining the S&P 500, replacing Hess as of July 23. Hess is exiting the index upon its acquisition by Chevron. Source

Read More
Stocks making the biggest moves midday: Talen Energy, Invesco, Netflix, Coinbase and more
Finance

Stocks making the biggest moves midday: Talen Energy, Invesco, Netflix, Coinbase and more

Here are some of the names making big moves in midday trading. Talen Energy – Shares popped more than 23%. Talen said that it has signed agreements to acquire Moxie Freedom Energy Center in Pennsylvania and the Guernsey Power Station in Ohio – a pair of combined-cycle gas-fired plants. The deal comes out to $3.5 […]

Read More
Stocks making the biggest moves premarket: Netflix, American Express, Chevron, Sarepta Therapeutics and more
Finance

Stocks making the biggest moves premarket: Netflix, American Express, Chevron, Sarepta Therapeutics and more

Check out the companies making headlines before the bell: Netflix — Shares fell 2% after Netflix warned that operating margin in the second half of 2025 will be lower than the first half because of higher content amortization, as well as sales and marketing costs, because of a larger slate of content. Otherwise, the streaming […]

Read More