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CSX railroad profit slips 2% as shipping demand remained weak and severance costs hurt results
CSX said Thursday that its profit slipped 2% in the fourth quarter as the railroad dealt with weak demand and severance costs from layoffs that new CEO Steve Angel carried out last fall.The Jacksonville, Florida-based railroad said it earned $720 million, or 39 cents per share, in the quarter. That's down from $733 million, or 38 cents per share.
But the results were weighed down by about $50 million in one-time costs that drug down profits by 2 cents per share. Without that, the numbers would have been inline with the 41 cents per share that the analysts surveyed by... Read More
House approves final spending bills as Democrats denounce ICE funding
WASHINGTON (AP) — The House passed this year's final batch of spending bills on Thursday as lawmakers, still smarting from last fall's record 43-day shutdown, worked to avoid another funding lapse for a broad swath of the federal government.The four bills total about $1.2 trillion in spending and now move to the Senate, with final passage needed next week before a Jan. 30 deadline to avoid a partial government shutdown.
Three of the bills had broad, bipartisan support. They funded Defense and various other departments, including Education, Transportation and Health A... Read More
Workplace rights agency scraps anti-harassment guidance, citing Trump's orders
WASHINGTON (AP) — The federal agency in charge of enforcing workplace anti-discrimination laws on Thursday voted to rescind its own guidance on how to guard against harassment at work, marking another major shift in U.S. civil rights enforcement under President Donald Trump's second administration.The U.S. Equal Employment Opportunity Commission's newly-established Republican majority voted to rescind the 190-page document designed to serve as a resource for compliance with Title VII of the Civil Rights Act of 1964, including how to protect transgender workers. Chair Andrea... Read More
Ryan Coogler, Leonardo DiCaprio, Rose Byrne, Ejae and more react to Oscar nominations
Director Ryan Coogler spoke about writing his blues-infused vampire film “Sinners,” nominated for a record 16 Oscars, for his late uncle, whom he imagined celebrating the occasion with some blues music.Rose Byrne, who learned of her best actress nomination in the middle of the night in Australia, talked about the intensive work of fine-tuning her turbulent character during a five-week rehearsal process.
Leonardo DiCaprio hailed the deep communal experience of people sitting in a theater together, immersing themselves in a movie.
And Amy Madigan said her... Read More
The Latest: Vance says Insurrection Act not needed âright nowâ in Minneapolis
Vice President JD Vance on Thursday said the Insurrection Act wouldn’t be needed “right now” in Minneapolis after meeting with Immigration and Customs Enforcement agents in the city, which has emerged as a national focal point in the clash over the Trump administration’s immigration crackdown.The comment seemed to echo a similar retreat by President Donald Trump, who had threatened to invoke the rarely used federal law to quell persistent protests against federal agents in Minneapolis before telling reporters a week ago that there wasn’t a reason to use the act “right... Read More
Top Stories
- DiCaprio to AP on Oscar nomination: 'Itâs about trying to be in films that are memorable'
- Federal officers detain a 5-year-old boy who a school official says was used as 'bait'
- Trump administration tells agencies to compile data on money sent to Democratic states
- What to know about FDA's review of new Zyn advertising proposal
- Ukraine's Zelenskyy says his repeated warnings to Europe feel like 'Groundhog Day'
- Trump administration halts use of human fetal tissue in NIH-funded research
- Smith defends his Trump investigations at a House hearing. 'No one should be above the law,' he says
- Trump sues JPMorgan for $5 billion, alleges the bank closed his accounts for political reasons
- 3 people involved in a Minnesota church protest are arrested, as judge refuses to charge Don Lemon
- US stocks climb some more after Trump calls off his tariffs for Greenland
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Entertainment
- Blake Lively and Taylor Swift's texts exposed in lawsuit against Justin Baldoni
- DiCaprio to AP on Oscar nomination: 'Itâs about trying to be in films that are memorable'
- Ruth E. Carter makes Oscar history again with costume designer nomination for 'Sinners'
- Could a president deploy wartime law against the Beatles? Trump administration says âYesâ
Sports
- Missouri rejects a ban on college athlete prop bets after NCAA gambling scandals
- Rick Pitino's 900th win could come against his son when St. John's visits Xavier this weekend
- Kansas coach Bill Self plans to return vs. Kansas State, and Peterson is questionable for the game
- Lawyer for fired Michigan football coach Sherrone Moore seeks to have the charges dismissed