Amtrak said it is cutting 600 management...
From Times Staff and Wire Reports
Amtrak said it is cutting 600 management jobs and reorganizing its operations to try to trim its projected budget deficit of $193 million. . . . Pennzoil has agreed to pay $2.6 million to settle charges that it bought a stake in Chevron Corp. without notifying the federal government. . . . Blue Cross and Blue Shield of Massachusetts Inc. agreed to pay $2.75 million to settle civil allegations that it submitted false Medicare reports. . . . Tandy Corp. said it expects to open 500 new Radio Shack stores by the end of the decade and 20 to 24 of its new Computer City outlets next year. . . . New Jersey state regulators voted unanimously to license billionaire investor Marvin Davis as a casino operator.
