Norfolk Southern Offers , Settlement to Resolve Lawsuits , Related to 2023 Derailment.
Train operator Norfolk Southern has agreed to pay $600
million as part of a settlement to a class-action lawsuit as
part of a February 2023 derailment in East Palestine, Ohio.
Train operator Norfolk Southern has agreed to pay $600
million as part of a settlement to a class-action lawsuit as
part of a February 2023 derailment in East Palestine, Ohio.
Associated Press reports that the agreement, which would
resolve all class action lawsuits within a 20-mile radius
from the derailment, is still pending court approval.
Associated Press reports that the agreement, which would
resolve all class action lawsuits within a 20-mile radius
from the derailment, is still pending court approval.
According to the agreement, the settlement would also
resolve personal injury claims within a 10-mile radius of
the accident site for residents choosing to participate.
According to the agreement, the settlement would also
resolve personal injury claims within a 10-mile radius of
the accident site for residents choosing to participate.
On April 9, Norfolk Southern said that
the settlement does not constitute an
admission of liability or fault for the fiery crash.
The East Palestine derailment has already cost
Norfolk Southern over $1.1 billion, including
$104 million in aid for residents and the town. .
The East Palestine derailment has already cost
Norfolk Southern over $1.1 billion, including
$104 million in aid for residents and the town. .
AP reports that while the company has promised
to create a fund to help pay for the community's
long-term health needs, that fund has yet to be created. .
AP reports that while the company has promised
to create a fund to help pay for the community's
long-term health needs, that fund has yet to be created. .
Norfolk Southern CEO Alan Shaw said that the railroad operator is, “becoming a more productive and efficient railroad. .
There is still more work
to be done to achieve
industry-competitive margins, Alan Shaw, Norfolk Southern CEO, via Associated Press.
There is still more work
to be done to achieve
industry-competitive margins, Alan Shaw, Norfolk Southern CEO, via Associated Press.
The operator reported preliminary Q1 earnings of
23 cents per share, reflecting the impact of the settlement and cleanup costs for the derailment.
Credit: Wibbitz Top Stories Duration: 01:31Published
The Indian embassy confirmed Mohammed Abdul Arfath's tragic death in the US after he went missing for three weeks. His family received a ransom call, highlighting the grim situation. Arfath's demise adds to the alarming trend of Indian student deaths in the US this year. Calls for improved security measures persist as concerns for student safety escalate.
#MohammedAbdulArfath #Arfath #IndianStudent #IndianStudentinUS #ITOhio #MajlisBachao #IndiaUS #Biden #IndianStudents #USnews #Worldnews #Oneindia #Oneindianews
~ED.101~GR.122~
The Indian Consulate in New York confirmed the death of Indian student Uma Satya Sai Gadde in Ohio, amid a concerning trend of Indian students facing adversity in the US. This incident adds to recent cases highlighting safety concerns, prompting calls for greater accountability from the Biden administration and enhanced support for international students studying in the country.
#UmaSatyaSaiGadde #SaiGadde #IndianStudent #IndiaStudent #IndiansinUSA #USA #Bidennews #USnews #Worldnews #Oneindia #Oneindianews
~PR.152~ED.103~GR.125~HT.96~
Biden Administration to Invest $8.5 Billion , in Intel’s Computer Chip Plants.
Biden Administration to Invest $8.5 Billion , in Intel’s Computer Chip Plants.
In addition to $8.5 billion in direct funding, $11 billion will be provided in loans.
The money will come from
the CHIPS and Science Act.
The funds will go toward "computer chip
plants in Arizona, Ohio, New Mexico
and Oregon," CBS News reports. .
According to Intel, the new funding and other investments will create a total of 30,000 jobs in manufacturing and construction.
According to Intel, the new funding and other investments will create a total of 30,000 jobs in manufacturing and construction.
The deal will help the U.S. to produce 20%
of the most advanced computer chips
in the world by 2030, according to
Commerce Secretary Gina Raimondo.
Failure is not an option — leading-edge
chips are the core of our innovation
system, especially when it comes
to advances in artificial intelligence
and our military systems, Commerce Secretary Gina Raimondo, on a call with reporters.
We can't just design chips.
We have to make them in America, Commerce Secretary Gina Raimondo, on a call with reporters.
Biden's funding announcement comes
amid a heated presidential campaign.
Administration officials want to get chip technology funding
"out the door as quickly as possible so that the Biden campaign can point to concrete progress on one of the
White House's signature programs," analysts say.
Intel CEO Pat Gelsinger called the
CHIPS Act "the most critical industrial
policy legislation since World War II.".
We think of this as a defining
moment for the United States, the
semiconductor industry and for Intel, Intel CEO Pat Gelsinger, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Last week, the parents of Mohammed Abdul Arfath reported a ransom call demanding a substantial sum and threatening to sell their son's kidney if unpaid. Arfath, pursuing a master’s degree in IT in Ohio, went missing since March 7. Majlis Bachao Tahreek spokesperson raised the issue, urging assistance from External Affairs Minister Jaishankar. This follows a series of troubling incidents involving Indian students in the US, including deaths and disappearances.
#MohammedAbdulArfath #Arfath #IndianStudent #IndianStudentinUS #ITOhio #MajlisBachao #IndiaUS #Biden #IndianStudents #USnews #Worldnews #GangsinHaiti #Oneindia #Oneindianews
~HT.99~PR.152~ED.102~
Venugopal confident of UDF victory in Alappuzha against AM Ariff and Sobha Surendran. Historical Congress stronghold in Alappuzha with voting in all 20 Kerala.. IndiaTimes
India will go for the second phase of Lok Sabha elections tomorrow in a high-stakes battle across 13 states and union territories with the campaign marked by.. DNA
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