BLET News
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
Daily Headlines
Snow discloses his assets, pay
(The following story by Jonathan Weisman was published in the January 23 issue of the Washington Post.) WASHINGTON, D.C. -- Treasury secretary nominee John W. Snow yesterday disclosed assets worth tens of millions -- if not hundreds of millions -- of dollars and...
Kansas City Southern announces promotions
KANSAS CITY, Mo. -- Kansas City Southern (KCS) has announced the promotion of Ronald G. Russ to Executive Vice President and Chief Financial Officer. He will be responsible for the company's finance, accounting, taxation, financial risk management, investor relations,...
Snow agrees to sell stock if confirmed
WASHINGTON -- The Associated Press reports that Treasury secretary nominee John Snow, pledging his commitment "to the highest standards of ethical conduct," says he will sell off his extensive stock holdings in CSX Corp. and 60 other companies if confirmed by the...
Bush to nominate new Chairman of Railroad Retirement Board
(The following news release was posted at WhiteHouse.gov on January 21.) WASHINGTON, D.C. -- President George W. Bush today announced his intention to nominate three individuals and appoint seven to serve as members of his administration: The President intends to...
CNR earnings down 23%
(The Toronto Star published the following Canadian Press article on January 21.) MONTREAL -- Profits at Canadian National Railway fell 23 per cent last year, partly due to $252 million in fourth-quarter charges to cover asbestos claims in the United States and the...
Union Pacific plans to cut 1,000 jobs
OMAHA, Neb. -- Union Pacific Corp. announced plans Wednesday to cut up to 1,000 jobs, or 2 percent of its work force, this year even as it reported its earnings rose 37.5 percent in the fourth quarter and beat Wall Street estimates, reports the Associated Press. The...
U.P. sees profits trouble ahead
(The following story by Grace Shim was published in the January 23 issue of the Omaha World-Herald.) OMAHA, Neb. -- Union Pacific Corp. on Wednesday announced record fourth-quarter earnings of $378 million and four straight years of improved earnings, but tempered the...
Record quarter, record year for UP
(Union Pacific issued the following press release on January 22.) OMAHA, Neb. -- Union Pacific Corporation (NYSE: UNP) today reported a fourth quarter record net income of $378 million, or $1.41 per diluted share. This is a 37 percent increase over the 2001 level of...
Amtrak wants up to $10 billion over five years
WASHINGTON -- Amtrak said on Wednesday it would need up to $10 billion in federal subsidies over the next five years to run its network of trains and repair its crumbling infrastructure, reported Reuters. Amtrak President David Gunn, positioning the national passenger...
Amtrak facing funding shutdown again
WASHINGTON -- According to the Associated Press, Amtrak is facing another fiscal crisis that could lead to a systemwide shutdown in the spring if Congress fails to approve more money, the railroad's president said Wednesday. "I really can't believe anyone wants to go...
