San Francisco-based Southern Pacific said it will...
From Times Staff and Wire Reports
San Francisco-based Southern Pacific said it will acquire 200 next-generation locomotives from General Electric next year as part of a program to raise capacity and upgrade its fleet to keep pace with rising demand. . . . Woolworth Corp. said it cut its quarterly common stock cash dividend to 15 cents a share from 29 cents, payable Sept. 1 to shareholders of record Aug. 1.
