Ingested Articles

Csx 1q Profit Dips 8% But Railroad Sees Economy Growing

CSX 1Q profit dips 8% but railroad sees economy growing

CSX Corp. says its first-quarter profit declined 8% due to higher expenses, but the railroad says it expects to benefit as the U.S. economy strengthens further over the rest of the year. The Jacksonville, Florida-based company said Tuesday that it earned $706 million, or 93 cents per share, during the quarter. That’s down from $770 million, or $1 per share, a year ago. The results fell short of Wall Street expectations. But CSX reiterated that it expects volume to grow this year at a faster pace than the the economy, which is recovering from the impact of the coronavirus pandemic.

Acm Awards Hits Record Low Ratings, Join The Ceremony Slump

ACM Awards hits record low ratings, join the ceremony slump

The Academy of County Music honors drew a record-low audience, joining other awards shows also finding dwindling viewer interest. Ceremony ratings have been sliding in recent years and the trend has worsened during the pandemic. The Grammys and Golden Globes among those crashing in the ratings. Next up to be tested: the Academy Awards, airing at 8 p.m. Eastern Sunday on ABC. According to Nielsen figures, the ACM Awards drew just under 6.3 million viewers last Sunday, compared to the 6.6 million that watched in 2020. Luke Bryan was honored as entertainer of the year in the event hosted by Keith Urban and Mickey Guyton.

2 Italian Managers Indicted In Fiat Chrysler Emissions Probe

2 Italian managers indicted in Fiat Chrysler emissions probe

Two Italian managers in Fiat Chrysler’s diesel engine program have been indicted by a federal grand jury in Detroit in a widening case involving allegations of emissions test cheating. The indictments unsealed Tuesday detail allegations of a plot to dupe the Environmental Protection Agency by rigging more than 100,000 diesel Ram pickup trucks and Jeep SUVs to cheat on EPA tests and exceed pollution limits on real roads. Sergio Pasini, 43, and Gianluca Sabbioni, 55, each face nine charges including violating the Clean Air Act, wire fraud, and conspiracy to defraud the U.S. The U.S. Attorney’s Office in Detroit said neither man is in custody and would not say if they'll be extradited. Fiat Chrysler, which is now Stellantis, has denied any deliberate attempt to cheat on tests.

‘prime Suspect’ Arrested In Student’s 1996 Disappearance

Document: Kristin Smart once buried in suspect's backyard

Authorities say a California college student missing for nearly 25 years was once buried in the backyard of the suspect’s father’s home. In a court document filed Monday, a prosecutor says that the body of Kristin Smart, which has never been found, was recently moved from the home of Ruben Flores. A lawyer for Flores, who has pleaded not guilty to accessory after murder, argued that prosecutors were relying on evidence so weak it would “shock the conscience.” Flores' son, Paul Flores, has pleaded not guilty to murder. He was the last person seen with Smart when she vanished from California Polytechnic State University in 1996.

Also Roaring Back From Pandemic; Earth Warming Emissions

AP sources: Biden to pledge halving greenhouse gases by 2030

President Joe Biden will pledge to cut U.S. greenhouse gas emissions at least in half by 2030 as he convenes a virtual climate summit with 40 world leaders. That's according to three people with knowledge of the plans who spoke on condition of anonymity because they were not authorized to discuss them. The 50% target would nearly double the nation’s previous commitment and help the Biden administration prod other countries for ambitious emissions cuts as well. The nonbinding but symbolically important pledge is a key element of the two-day summit, which begins Thursday as world leaders gather online to share strategies to combat climate change.

Memphis Council Plans Vote On Ordinance Tied To Oil Pipeline

Company asks for pause in Memphis oil pipeline dispute

A company facing resistance to its plans to build an oil pipeline over an aquifer that provides drinking water to 1 million people has asked for a "mutual pause” in its dispute with city officials in Memphis, Tennessee. Plains All American Pipeline sent a letter to the Memphis City Council discussing a proposed city law that could make it more difficult to construct an underground oil pipeline through wetlands and neighborhoods in south Memphis and north Mississippi. Plains is part of a joint venture with Valero Energy to build the Byhalia Connection, which would link the Valero refinery in Memphis with another larger pipeline in north Mississippi. 

Arkansas Officials Hear Baffert’s Appeal Of Drug Positives

Arkansas racing officials vote not to suspend Bob Baffert

Hall of Fame trainer Bob Baffert has successfully appealed his 15-day suspension to the Arkansas Racing Commission. The six-time Kentucky Derby winner can now resume preparations to run Medina Spirit in next weekend's Derby. After 13 1/2 hours of testimony over two days, the commission voted unanimously to uphold the stewards' original ruling but with modifications. Those changes involve dropping Baffert's suspension, reducing the fines to $5,000 per horse and restoring the horses' placing and purse money.

Pga Tour Offering $40 Million In Bonus Money To Top Stars

PGA Tour offering $40 million in bonus money to top stars

The PGA Tour is awarding a $40 million bonus pool to the top 10 players who move the needle in golf, regardless of how they perform inside the ropes. Some of the top players and managers have loosely hinted at the Player Impact Program since the start of 2020. That was about the time the proposed Premier Golf League funded in part by Saudi money was trying to lure the top players to join an international tour. Golfweek was the first to report the Players Impact Program started in January. The top 10 are determined by an “impact score” derived using various brand-related metrics to measure popularity.

Suspected Chinese Hackers Spied On Us, European Targets

Suspected Chinese hackers spied on US, European targets

Suspected state-backed Chinese hackers exploited widely used networking devices to spy for months on dozens of high-value government, defense industry and financial sector targets in the U.S. and Europe, according to FireEye, a prominent cybersecurity firm. FireEye said Tuesday that…

Foxconn Deal With Wisconsin Lowers Tax Breaks To $80 Million

Foxconn deal with Wisconsin lowers tax breaks to $80 million

Foxconn Technology Group will qualify for up to $80 million in state tax incentives under a new contract that downsizes the scale of credits as the size of the envisioned manufacturing facility has also shrunk. Gov. Tony Evers on Tuesday announced details of the new contract. Under the original deal, signed in 2017, Foxconn would have qualified for $2.85 billion in state tax credits if it invested $10 billion and created 13,000 jobs. Under the new deal, Foxconn will qualify for $80 million if it employs 1,454 people and invests $676 million by 2026. 

Dicaprio, Fonda Urge Us Not To Sign Climate Deal With Brazil

DiCaprio, Fonda urge US not to sign climate deal with Brazil

RIO DE JANEIRO (AP) — Dozens of celebrities including actors Leonardo DiCaprio, Jane Fonda and Joaquin Phoenix on Tuesday called on U.S. President Joe Biden to refrain from signing any environmental agreement with his Brazilian counterpart, Jair Bolsonaro. The open…

Big Railroad Deal Seen More Likely To Gain Regulators’ Ok

CN bids $33.7B for Kansas City Southern, tops $25B proposal

A bidding war is breaking out for Kansas City Southern, with Canadian National Railway making a $33.7 billion cash-and-stock offer for the railway. The bid trumps a $25 billion cash-and-stock proposal made by Canadian Pacific last month. Shares of Kansas City Southern jumped more than 15% Tuesday. CN’s stock fell almost 7%. CN said its offer is worth $325 per Kansas City Southern share. Kansas City Southern shareholders would receive $200 in cash and 1.059 shares of CN common stock for each share. But any deal could face tough scrutiny from regulators who haven't approved a major railroad merger since the 1990s.

Democrats Point To Georgia In Push For New Elections Law

Democrats point to Georgia in push for new elections law

Senate Democrats are holding new Georgia voting rules up as a warning as they push a broad legislative overhaul of U.S. elections. Democrats in the Senate say a wave of new Republican measures across the country will restrict access to the polls unless they are stopped. The sweeping new Georgia law was discussed at a Senate Judiciary Committee hearing Tuesday that featured testimony from voting rights advocate Stacey Abrams. She says parts of the new Georgia law are intended to suppress minority votes. Republicans reiterated their opposition to the Senate bill, calling it a power grab intended to help Democrats.

Epic Games Complains About Apple To Uk Competition Watchdog

Apple unveils new products, schedules privacy crackdown

Apple is sprucing up its own product line as it prepares next week’s rollout of a long-awaited software update could hurt other companies by preventing apps from tracking the online activities and whereabouts of iPhone users. The timing of the free software upgrade to the iPhone trickled out during a series of announcements that Apple made Tuesday during a pre-recorded event. Apple revealed in a footnote that an software update called iOS. 14.5 will come out next week after a seven-month delay.  It will include a privacy tool that will make it more difficult for apps to collect personal information to help sell ads.

As California Recall Looks Likely, Hard Work Begins For Gop

As California recall looks likely, hard work begins for GOP

California Gov. Gavin Newsom’s critics almost certainly have qualified a recall election for the ballot, a remarkable feat in the heavily Democratic state. Now the real work begins. The chance to recapture the governorship in the most populous state is an energizing prospect for Republicans who have been locked out of statewide office for more than a decade. But so far there's no candidate like Arnold Schwarzenegger, whose fame attracted attention that helped him oust Democratic Gov. Gray Davis in the 2003 recall. The challenge for Republicans is to find a candidate that can unite their base and appeal to voters beyond it.

Sikh Group Wants Probe Of Gunman’s Possible Supremacist Link

Sikh group wants probe of gunman's possible supremacist link

A Sikh civil rights organization is calling for law enforcement to investigate whether a former employee who fatally shot eight people at a FedEx facility in Indianapolis had any links to hate or white supremacy groups. The Sikh Coalition’s request Tuesday came a day after Indianapolis police released a report from last year in which they said they had found “white supremist websites” on Brandon Scott Hole’s computer in March 2020. An FBI special agent said in a statement Tuesday that the bureau isn't ruling out "any motive at this time, including one based on hate/bias.” Hole shot and killed eight people last Thursday, four of whom were members of the Sikh community. 

Column: Stricker Busy As Ever With Hard Work Still To Come

Column: Stricker busy as ever with hard work still to come

Steve Stricker is keeping a busier schedule than most golfers these days. His Florida home sold so quickly last week that he and his wife had to pack up and move out during the Chubb Classic. No matter. Stricker still won the PGA Tour Champions event. On Tuesday, he put on his Ryder Cup captain's cap and drove to Whistling Straits to check out changes to the course in Wisconsin for the September matches. Then it's back to the PGA Tour to try to qualify for the postseason and keep his eyes on prospective Ryder Cup players.

After Scott Rudin Bullying Exposé, There Are Mostly Crickets

Scott Rudin says he will 'step back' from film projects also

NEW YORK (AP) — Scott Rudin says he's “stepping back” from film and streaming projects, along with his Broadway productions, as the fallout continued for one of the entertainment industry's most powerful and prolific producers following renewed accusations of bullying.…

Us Ambassador In Moscow Heads Home For Consultations

US ambassador in Moscow heads home for consultations

MOSCOW (AP) — The U.S. ambassador to Russia said Tuesday he will head home for consultations — a move that comes after the Kremlin prodded him to take a break as Washington and Moscow traded sanctions. The Kremlin emphasized that…

United Loses $1.36 Billion As Business Travel Remains Weak

United Airlines stock plunges after another big loss

United Airlines' shares have tumbled 8.5% after the company reported another big loss. United's fortunes depends about equally on U.S. leisure travel, business travel, and international flyers. And two of those three — business and international flying — remain deeply depressed, down about 80% from before the pandemic. United CEO Scott Kirby said Tuesday that he expects business travel will begin picking up in the fall and gain more speed next year, after companies put travel back into their budgets. United lost $1.36 billion in the first quarter, and it's not putting a date on when it thinks it will return to profitability.

Ap Source: Guantanamo Prisoners Now Getting Covid 19 Vaccine

US military: 32 of 40 Guantanamo prisoners now vaccinated

WASHINGTON (AP) — Most of the prisoners at the Guantanamo Bay detention center have received their first dose of the COVID-19 vaccine as of Tuesday, the U.S. military said a day after resuming an effort to inoculate them that was…

Dogecoin Has Its Day, As Cryptocurrency Fans Push It Up

Dogecoin has its day; cryptocurrency is latest 'meme' craze

NEW YORK (AP) — Dogecoin had its day. After fans of the cryptocurrency touted April 20, long an unofficial holiday for marijuana devotees, as “Doge Day,” Dogecoin failed to come close to the $1 target that supporters hoped to reach…

Searchlight Pictures Chairs Nancy Utley, Steve Gilula Retire

Searchlight Pictures chairs Nancy Utley, Steve Gilula retire

Veteran film executives Nancy Utley and Steve Gilula who in their two decades at Searchlight Pictures oversaw the releases of major hits including “Juno,” “Slumdog Millionaire,” “Little Miss Sunshine” and “The Grand Budapest Hotel” are retiring. Disney Studios Content said Tuesday that Searchlight’s longtime heads of production Matthew Greenfield and David Greenbaum will now jointly run the company as co-presidents. It’s the latest leadership shakeup in the old Fox ranks since The Walt Disney Co.’s $71.3 billion acquisition of 21st Century Fox assets in March 2019. Since 2009, Searchlight Pictures has received 40 Oscars and four best picture wins. Their “Nomandland” is heavily favored to win Sunday.