BRIEFCASE.Byline: - Staff and Wire Services Amtrak Amtrak, the National Railroad Passenger Corp., authorized to operate virtually all intercity passenger railroad routes in the United States. Amtrak was created by Congress in 1970 in response to more than two decades of continuous operating deficits by privately run to raise commuter fares WASHINGTON - Amtrak announced Friday it will raise fares nationally to counter higher energy costs, with Northeast Corridor This article is about a rail line. For the agglomeration of metropolitan areas, see BosWash. For the New Jersey Transit line, see Northeast Corridor Line. The Northeast Corridor (NEC commuters holding monthly rail passes seeing a fare hike of about 50 percent. The average fare nationally will increase $3, and the average fare in the Northeast Corridor will go up $4, Amtrak said. The adjustments go into effect Sept. 20. Amtrak said fuel costs have risen nearly 40 percent over a year ago and are expected to remain high. Hardest hit will be the approximately 18,000 Northeast Corridor commuters who have monthly passes, whose fares will increase an average of 50 percent. The cost of monthly passes vary. Northwest raises layoff demands MINNEAPOLIS - Negotiators for striking Northwest Airlines mechanics on Friday weighed a demand from the carrier for roughly 3,500 union layoffs, up from the 2,000 in a proposal that prompted the strike. Negotiators for both sides were holed up in a downtown hotel. Union contract coordinator Jeff Mathews said that after meeting separately in the morning, the sides had been scheduled to meet face to face in the afternoon. The airline told the union Thursday it wanted $203 million in labor savings, up 15 percent from the $176 million it sought in the previous round of contract talks, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the union. 2 Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. directors resign
NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of - Morgan Stanley Inc. on Friday said directors Charles F. Knight Charles F. Knight is chairman emeritus of Emerson Electric Co., a manufacturer of electrical, electromechanical and electronic products and systems. He served as chairman of Emerson Electric from 1974 to 2004 and as chief executive officer from 1973 to 2000. and John E. Jacob have stepped down from the board, marking the latest change at the investment bank since John Mack John Mack can refer to:
Earlier this week, Michael Miles Michael John Miles (b. 1919, Wellington, New Zealand, d. 1971) was a TV presenter in Britain, best known for the game show Take Your Pick from 1955 to 1968, produced by Associated Rediffusion and later by Rediffusion London. resigned as a director after serving more than a decade on the board. On Aug. 17, the board elected three new directors - Roy J. Bostock Roy J. Bostock is an American businessman who serves on the boards of directors of Morgan Stanley, Northwest Airlines and Yahoo!. From 2000 to 2001 he served as chairman of the advertising firm BCom3 Group, Inc. , Charles H. Noski and O. Griffith Sexton. With the resignations, the board will now consist of 11 directors - nine independent, meaning they don't also have jobs with the company. Jacob, in a letter to Mack, said ``the recent election of the three outstanding new directors reflects the direction Morgan Stanley must go to be competitive and successful in the future.'' Boeing negotiates Justice payment CHICAGO - Boeing Co. is negotiating a settlement with the Justice Department in which the defense contractor and airplane maker may pay the government as much as $500 million to avoid prosecution in two federal investigations, a published report said Friday. The Wall Street Journal, citing unidentified sources, said talks are ongoing and a final agreement is expected to take at least several more weeks to put together. If reached, the newspaper said, a settlement would resolve allegations that Boeing improperly obtained thousands of pages of proprietary documents from rival Lockheed Martin Corp. on rocket programs and, separately, recruited a senior Air Force official illegally while she was still overseeing contracting involving prospective Boeing deals. Boeing declined comment on the report. |
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