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Josh Funk

Josh Funk

Fortune

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Appeal could delay $600 million settlement payments in Norfolk Southern’s fiery Ohio derailment for 2 years

People in town who are frustrated they won't get their money right away lashed out at Rev. Joseph Sheely and started threatening him and his wife...

01.10.2024 10

Fortune

Josh Funk

Experts warn EV owners of fire risk from Hurricane Helene

Keeping electric vehicles out of standing water is the best way to avoid the possibility of a fire.

28.09.2024 7

Fortune

Josh Funk

Federal judge approves Norfolk Southern’s $600 million settlement for residents near fiery Ohio derailment

Roughly 55,000 claims were filed. Only 370 households and 47 businesses opted out.

26.09.2024 10

Fortune

Josh Funk

Warren Buffett on markets’ ‘casino-like’ behavior, avoiding snake-oil salesmen and when Charlie Munger told him he made a big mistake

“He told me – correctly! – that I had made a dumb decision in buying control of Berkshire. But, he assured me, since I had already made the...

10.09.2024 7

Fortune

Josh Funk

Norfolk Southern’s $600 million Ohio train derailment settlement was rejected by less than 400 households

Altogether, 54,925 claims had been filed as of last week, and that number should be close to the final total because there was an Aug. 22 deadline to...

10.09.2024 10

Fortune

Josh Funk

CEO under investigation for alleged relationship with employee

The Norfolk Southern board has hired an outside law firm to lead an independent investigation.

10.09.2024 9

Fortune

Josh Funk

A train worker’s death could have been prevented with a simple $350 investment, colleague alleges

A CSX worker was killed by remote-control locomotives last fall, and unions blame understaffing.

30.08.2024 10

Fortune

Josh Funk

Residents torn over $600 million Norfolk Southern derailment settlement as crucial deadline looms

Researchers studying the health of East Palestine residents and tracking respiratory problems, rashes and other ailments say it may not be clear for...

20.08.2024 8

Fortune

Josh Funk

Railroad giant threatens to revoke workers’ hard-won schedule improvements

The $145 billion Union Pacific railroad offered paid sick days for the first time last year and they helped make the attendance system more...

10.08.2024 10

Fortune

Josh Funk

Ohio residents hurt in Norfolk Southern freight train derailment can now get $25,000 each from $600 million settlement

The lawyers who negotiated the deal have increased the estimated injury payment from the original $10,000 because they now have more information about...

31.07.2024 10

Fortune

Josh Funk

Government says three-quarters of Amtrak trains are late because of one rail company’s repeated lawbreaking

“Americans should not experience travel delays because rail carriers break the law,” Attorney General Merrick B. Garland said.

30.07.2024 4

Fortune

Josh Funk

Hearing into disastrous Norfolk Southern derailment in Ohio puts focus on rushed inspections due to years of job cuts

The unions have sounded the alarm often in recent years as the major railroads all adopted versions of the lean Precision Scheduled...

24.07.2024 10

Fortune

Josh Funk

Inaccurate heat detectors, weak tanker walls, and a decision to needlessly blow open 5 chemical cars: NTSB hearing showcases what went wrong at Ohio derailment

The detectors railroads use along their tracks to help spot overheating bearings, flat wheels and dangling equipment were a key focus of the NTSB...

27.06.2024 10

Fortune

Josh Funk

NTSB chair says Norfolk Southern tried to interfere with derailment probe after botching decision to blow open 5 tank cars and burn the chemicals inside

The NTSB also confirmed that the February 2023 derailment was caused by a wheel bearing that video showed was on fire for more than 20 miles...

26.06.2024 10

Fortune

Josh Funk

After fiery 2023 Norfolk Southern derailment left firefighters in dark about chemicals on the train, railroads must now immediately offer hazardous cargo details

Too often in past disasters like last year's fiery Norfolk Southern derailment in East Palestine, Ohio, firefighters risked their lives trying to...

24.06.2024 20

Fortune

Josh Funk

EPA urged to conduct soil studies near the site of a toxic Ohio train derailment

Nonprofit Government Accountability Project argues that the EPA should have already followed up on the tests of gardens and crops in the city where...

14.06.2024 9

Fortune

Josh Funk

IRS says it will refund taxes extracted from Ohioans who got financial assistance after Norfolk Southern derailment disaster

“I don’t know why they didn’t do that from the very beginning,” East Palestine resident Misti Allison said.

06.06.2024 8

Fortune

Josh Funk

Military labs identify soldiers decades after they died in World War II

The forensic anthropologists, medical examiners and historians who work together to identify lost soldiers are in a race against time as remains...

27.05.2024 30

Fortune

Josh Funk

Bird flu has been found in beef for the first time, but USDA says it didn’t enter the food supply

Finding bird flu in beef is a new development for the outbreak, which began in 2022.

25.05.2024 30

Fortune

Josh Funk

Norfolk Southern will pay $15 million fine as part of Ohio derailment settlement—but some residents feel it's not enough

Many East Palestine residents feel this settlement doesn’t do nearly enough to a company that just reported a $527 million profit in the fourth...

24.05.2024 20

Fortune

Josh Funk

Norfolk Southern's $600 million derailment settlement signed off by judge

Many residents question whether the deal will provide enough compensation once the money is divided up.

23.05.2024 70

Fortune

Josh Funk

New training rules for train dispatchers and signal repairmen aim to improve rail safety after disastrous East Palestine derailment

FRA Administrator Amit Bose said railroads are concerned about safety, but too often only do the minimum required as they try to control costs.

21.05.2024 50

Fortune

Josh Funk

Fallout from Alaska Airlines blowout continues as key Boeing supplier is laying off 450 workers because production has slowed

Spirit is Boeing's most important supplier on the 737s because it makes fuselages and installs door plugs like the one that flew off the plane.

17.05.2024 60

Fortune

Josh Funk

Whistleblower says EPA tried to backdate documents and altered reports in Norfolk Southern train crash: 'I think they chose not to know.'

The East Palestine train derailment was handled differently than the 180 other times a government plane has been deployed after an accident since...

15.05.2024 90

Fortune

Josh Funk

An auction for a private lunch with Marc Benioff raises $1.5 million in his first year replacing Warren Buffett, who netted $19 million for his final auction

The weeklong eBay auction that raises money for the Glide Foundation in San Francisco wrapped up Friday night.

12.05.2024 70

Fortune

Josh Funk

South Dakota Gov. Kristi Noem is banned from nearly 20% of her own state as fight with Native American tribes heats up

Two more tribes banished her this week over comments she made earlier this year about tribal leaders benefitting from drug cartels.

12.05.2024 20

Fortune

Josh Funk

Norfolk Southern shareholders elect 3 directors nominated by activist, while CEO keeps job

Ancora Holdings had nominated seven directors as part of a bid to take control of the railroad’s 13-member board and overhaul its operations.

09.05.2024 20

Fortune

Josh Funk

Warren Buffett saw an AI deepfake video of him that was so good he says he could imagine it tricking him into sending money overseas

“As someone who doesn't understand a damn thing about it, it has enormous potential for good and enormous potential for harm and I just don’t know...

06.05.2024 40

Fortune

Josh Funk

Warren Buffett changed the succession plan by saying Greg Abel will run Berkshire's investments, even though he's never been a stock picker

Buffett said because Abel understands businesses so well, he also understands stocks.

06.05.2024 40

Fortune

Josh Funk

Warren Buffett's Berkshire Hathaway sells 100 million Apple shares as cash pile and operating profit surge

Berkshire's investment in the iPhone maker is still the biggest one in the $364 billion portfolio at $135.4 billion.

04.05.2024 50

Fortune

Josh Funk

Berkshire board member blesses Buffett's successor but warns—'he's not going to be as entertaining as Warren and Charlie'

“Greg is not somebody who is going to be as likely to create the kind of following in the press that I think Warren has had,” longtime board...

03.05.2024 30

Fortune

Josh Funk

Activist investors aiming to take over Norfolk Southern gain momentum

But CEO Alan Shaw said he believes he still has the support of most of the railroad's workers, investors and customers.

30.04.2024 10

Fortune

Josh Funk

Marc Benioff replaces Warren Buffett in private lunch auction for California charity that raised $53 million

One past auction winner now works for Buffett after spending $5.3 million two lunches.

10.04.2024 70

Fortune

Josh Funk

Norfolk Southern settles fiery Ohio derailment class action lawsuit for $600 million

The company said that the agreement, if approved by the court, will resolve all class action claims within a 20-mile radius from the derailment.

09.04.2024 10

Fortune

Josh Funk

EPA never declared a public health emergency after fiery 2023 Norfolk Southern derailment that spilled and burned toxic chemicals in Ohio

The contamination concerns were exacerbated by the decision to blow open five tank cars filled with vinyl chloride and burn that toxic chemical...

03.04.2024 9

Fortune

Josh Funk

Buttigieg is scolding railroads for not doing enough to improve safety after fiery 2023 Ohio derailment: 'The rate should be going down—and fast'

He said too often regulators encounter resistance when trying to get the industry to do more to improve safety.

13.03.2024 10

Fortune

Josh Funk

Norfolk Southern has to pay for cleanup of fiery Ohio train derailment all by itself, federal judge rules

The decision threw out the railroad's claim that the companies that made chemicals that spilled and owned tank cars that ruptured should share the...

08.03.2024 10

Fortune

Josh Funk

Warren Buffett on markets' 'casino-like' behavior, avoiding snake-oil salesmen and when Charlie Munger told him he made a big mistake

“He told me – correctly! – that I had made a dumb decision in buying control of Berkshire. But, he assured me, since I had already made the...

25.02.2024 9

Fortune

Josh Funk

Warren Buffett tells Berkshire investors to ignore 4Q's $37.6 billion profit, pays tribute to Charlie Munger in annual letter

In his annual letter to investors, Buffett paid tribute to Charlie Munger and warned not to listen to Wall Street pundits or FA's who urge frequent...

24.02.2024 20

Fortune

Josh Funk

Norfolk Southern is first big U.S. freight railway to let workers use anonymous federal safety hotline

About 1,000 engineers and conductors will soon be able to report safety concerns anonymously through a federal system without any fear of discipline.

30.01.2024 40

Fortune

Josh Funk

'Old habits die hard': Aging mobster comes clean on 'final score' to steal Judy Garland's $1 million-valued ruby slippers

An old mob associate led him to believe the "Wizard of Oz" props had real jewels to justify their $1 million insured value, court documents show.

21.01.2024 50

Fortune

Josh Funk

'This program was always a temporary one': Norfolk Southern spent over $21 million to relocate Ohioans displaced by fiery crash but that's ending

“We’ll continue keeping our promises and listening to the community,” Norfolk Southern CEO Alan Shaw insisted about East Palestine, Ohio.

07.12.2023 8

Fortune

Josh Funk

Buffett's Berkshire bribery battle with billionaire Haslam family set for trial after January

A judge said if Berkshire wanted a decision on its bribery claims in January it would have to forego requesting additional evidence and limit the...

05.12.2023 5

Fortune

Josh Funk

Truck-stop billionaire's lawyer calls bribery claims from Warren Buffett's Berkshire Hathaway a 'wild invention'

The Haslams and Berkshire are accusing each other of manipulating Pilot's earnings to affect the price for the family's remaining 20% stake.

04.12.2023 10

Fortune

Josh Funk

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