Politics
A group of investors is prepared to offer firm commitments to buy Conrail and keep it an independent railroad, a New York investment firm told members of Congress on Friday, adding a new wrinkle to the controversy over government plans to sell the corporation.
May 11, 1985
World & Nation
The Norfolk Southern Railroad has become the solid favorite of the Transportation Department to purchase Conrail, government and industry sources said today, But the department insisted that no decision has been made.
Jan. 14, 1985
Two years after the government set out to sell Conrail, disposing of the freight railroad has taken on the intrigue and bloodletting of a nasty corporate takeover fight.
Jan. 31, 1985
Business
Railroads face pressure from investors to add sick days after Congress declined to require them as part of the contracts imposed to avert a nationwide rail strike.
Dec. 5, 2022
The proposed sale of Conrail has spawned a multimillion-dollar tug-of-war, complete with paid lobbyists, expensive mailings and T-shirts and frequently pitting officers of the government-owned railroad against Transportation Secretary Elizabeth Hanford Dole.
Oct. 14, 1985
Law: Thanks to tough rules, Mellon Bank is able to flatly reject an offer from Bank of New York.
April 23, 1998
Federal regulators take charge of the cleanup from the East Palestine, Ohio, train derailment and chemical burn, and order Norfolk Southern to pay the bill.
Feb. 21, 2023
U.S. stocks notched their best day in nearly four weeks on Wednesday as investors welcomed new hints pointing to a Federal Reserve interest rate hike in coming weeks.
Nov. 18, 2015
NCNB Corp. and C&S-Sovran; Corp., once bitter rivals in the South, announced plans Monday to merge and create the nation’s third-largest banking company, with operations stretching from Maryland to Texas.
July 23, 1991
Opinion
The train that derailed in Ohio last month was carrying vinyl chloride, used to make PVC plastics — which we need to use less.
March 7, 2023