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Norfolk Southern wins dismissal of bondholder lawsuit over 2023 Ohio derailment

Norfolk Southern wins dismissal of bondholder lawsuit over 2023 Ohio derailment

By Jonathan StempelNEW YORK (Reuters) - A federal judge on Thursday dismissed a lawsuit accusing Norfolk Southern of causing hundreds of millions of dollars of losses for bondholders by concealing safety risks prior to the February 2023 derailment in East Palestine, Ohio of a train carrying hazardous chemicals.U.S. District Judge Lewis (JO:LEWJ) Kaplan in Manhattan found no proof to support bo ...

2025-02-28 12:15:23
Mexico analyzing more measures to crack down on low-cost shipments, official says

Mexico analyzing more measures to crack down on low-cost shipments, official says

By Kylie MadryMEXICO CITY (Reuters) - Mexico is weighing further trade measures to crack down on low-cost shipments into the country, an official said on Thursday, after slapping tariffs on so-called "de minimis" purchases largely coming from China."There is a political objective, which is cracking down on contraband," Deputy Economy Minister Vidal Llerenas said on a panel at the FinTech Mexico Fe ...

2025-02-28 12:14:04
OpenAI rolls out GPT-4.5 for some paying users, to expand access next week

OpenAI rolls out GPT-4.5 for some paying users, to expand access next week

(Reuters) - ChatGPT developer OpenAI said on Thursday it has released a research preview of its latest GPT-4.5 model for its Pro users and developers worldwide, with plans to expand access in the coming weeks.GPT-4.5 comes with improved ability to recognize patterns, generate creative insights without reasoning and shows greater emotional intelligence, the company said.Microsoft-backed OpenAI said ...

2025-02-28 12:12:46
Brazilian prosecutors investigate top Santander executive

Brazilian prosecutors investigate top Santander executive

By Luciana MagalhaesSAO PAULO (Reuters) - Brazil’s federal prosecutors have launched an investigation into alleged fund diversion by a former senior executive at Itau Unibanco, set to take a key role at Spanish bank Santander (BME:SAN) in coming months.Latin America’s largest bank accused its former Chief Financial Officer, Alexsandro Broedel Lopes, of misappropriating funds while working at t ...

2025-02-28 12:11:24