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December 22, 1998 | Associated Press
Federal regulators declined to order Union Pacific Corp. to divest itself of assets in the Houston-Gulf Coast area, dismaying customers and rivals alike of the nation's largest railroad operator. The Surface Transportation Board ordered a handful of "efficiency-producing changes" in Texas, sidestepping requests for more far-reaching action from critics who contend that Union Pacific's monopoly on rail assets in the region is damaging. The board, which in 1996 approved the $5.
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BUSINESS
December 22, 1998 | Associated Press
Federal regulators declined to order Union Pacific Corp. to divest itself of assets in the Houston-Gulf Coast area, dismaying customers and rivals alike of the nation's largest railroad operator. The Surface Transportation Board ordered a handful of "efficiency-producing changes" in Texas, sidestepping requests for more far-reaching action from critics who contend that Union Pacific's monopoly on rail assets in the region is damaging. The board, which in 1996 approved the $5.
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