ATLANTA — Norfolk Southern shareholders delivered a split verdict today, sparing CEO Alan Shaw while electing three of activist investor Ancora Holdings’ insurgent director candidates and ousting its independent chair, Amy Miles. Investors sent a clear message that ends the bitter proxy fight. They backed Ancora’s desire for change but sought to give Shaw & []Read More
Norfolk Southern’s CEO will be under more pressure to improve profits after the railroad’s shareholders voted Thursday to elect three of the board members an activist investor nominated, but he won’t be fired right away. Ancora Holdings had nominated seven directors as part of a bid to take control of the railroad’s 13-member board and []
ATLANTA – Norfolk Southern CEO Alan Shaw trounced the activist investor’s chief executive candidate during last week’s proxy contest, according to a final tally of shareholder votes the railroad released today. Shaw received the backing of 64.1% of the investors who voted for board candidates in the days leading up to Thursday’s annual shareholder meeting. []Read More
Activist Politan responded to a settlement offer from Masimo, asking to expand Masimo's board to seven directors and add Politan's two nominees.
European Central Bank board member Isabel Schnabel warned against back-to-back rate cuts amid continued inflation risks, according to a Nikkei report.
It wasn’t supposed to happen this way. WBO No. 1 bantamweight Reymart Gaballo was pitted against Osaka-based Mexican Kenbun Torres in an eight-rounder at the Midas Hotel and Casino, Pasay City, last Friday to serve as a tune-up for a shot at WBO champion Yoshiki Takei sometime in September.
EAST PALESTINE, Ohio — Norfolk Southern on Thursday donated its station in East Palestine to the city, following up on a pledge made last year in the wake of the February derailment and chemical release in the community. The Times Leader newspaper reports that NS CEO Alan Shaw turned over the keys to the building []Read More
Israel carried out a series of strikes across southern Lebanon today, killing at least five people and wounding a number of others. The strikes spanned from the coastal Naqura to Mays al-Jabal close to the Syrian border. Hezbollah reported that four of its members were killed and four others wounded. Two were killed in Naqura … Continue reading "Israeli Strikes Kill at Least Five in Southern Lebanon"
Abu Dhabi Securities Exchange (ADX), which has a market capitalisation of over $765 billion, has launched its 2024 Global Investor Roadshow and Conference in New York in collaboration with Morgan Stanley Bank.
Abu Dhabi Securities Exchange (ADX), which has a market capitalisation of
Companies like PepsiCo have warned about a weak low-income consumer, while Delta Air Lines and Chipotle have benefited from their high-income customer bases.
A high surf advisory remains in effect for the south-facing shores of all Hawaiian Islands until 6 p.m. today.