Norfolk Southern CEO Alan Shaw replaced by CFO after alleged affair with legal chief
Economy

Norfolk Southern CEO Alan Shaw replaced by CFO after alleged affair with legal chief

Norfolk Southern former Chief Executive Alan Shaw testifies during a Senate Commerce, Science and Transportation Committee hearing titled “Improving Rail Safety in Response to the East Palestine Derailment” in Washington, March 22, 2023. Evelyn Hockstein | Reuters Norfolk Southern CEO Alan Shaw is out effective immediately after the board determined he engaged in a consensual […]

Britain labels data centers critical infrastructure to boost cyber defenses
Economy

Britain labels data centers critical infrastructure to boost cyber defenses

Data centers today are crucial computing infrastructure that power the modern-day internet. In Pictures Ltd | Andrew Aitchison | Corbis News | Getty Images LONDON — The U.K. on Thursday said it now classes data centers as critical infrastructure, in a move that is expected to boost cybersecurity in the country and help operators of […]

Wesleyan University ends legacy admissions after Supreme Court decision on affirmative action
Economy

Wesleyan University ends legacy admissions after Supreme Court decision on affirmative action

Students at Wesleyan UniversityJoanne Rathe | The Boston Globe | Getty ImagesDecades-old legacy preferences face new challengesA civil rights group is also contesting the practice of giving priority to the children of alumni at Harvard University, saying it discriminates against students of color by giving an unfair boost to the mostly white children of alumni.”Your family’s last name… […]

This credit card fee could cost shoppers $3 billion during record-breaking back-to-school season, merchants say
Economy

This credit card fee could cost shoppers $3 billion during record-breaking back-to-school season, merchants say

This year, consumers are spending more on back-to-school supplies and coughing up more to cover a particular kind of credit card fee at the same time.Total back-to-school spending is expected to reach a record $41.5 billion with another $94 billion in college shopping, according to the National Retail Federation.related investing newsThe so-called swipe fees, which companies… […]

Apple supplier TSMC delays start of Arizona chip factory
Economy

Apple supplier TSMC delays start of Arizona chip factory

Workers at TSMC Semiconductor Manufacturing Facility in Phoenix, Arizona, on December 6, 2022.Brendan Smialowski | AFP | Getty ImagesTaiwan Semiconductor Manufacturing Co. will delay production at its new Arizona chip plant to 2025 due to a shortage of skilled labor, the company’s chairman said on TSMC’s second-quarter earnings call Thursday.Apple has said it plans to… […]