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NEWS
June 6, 2001 | From the Washington Post
Amtrak is facing the most serious cash crunch in its 30-year history and has asked White House permission to use a large part of Pennsylvania Station in New York as collateral for a $300-million loan to keep operating, according to officials of the Transportation Department and Amtrak. Amtrak now is more than $3 billion in debt, but this is the first time it has sought a loan to cover operating expenses.
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CALIFORNIA | LOCAL
June 13, 2013 | Bloomberg News
Isabel Benham, whose deep knowledge of the railroad industry made her an influential bond analyst at a time when few women held positions of authority on Wall Street, has died. She was 103. She died May 18 in her New York City apartment, according to a death notice in the New York Times. No cause was given. Benham started working on Wall Street during the Great Depression. In 1964, after almost 30 years with R.W. Pressprich & Co., she became the first female partner in the firm's 55-year history.
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NEWS
April 20, 1990 | JEFFREY A. PERLMAN, TIMES URBAN AFFAIRS WRITER
A bistate commission overseeing plans for 300-m.p.h. train service between Anaheim and Las Vegas is scheduled to award a no-bid consulting contract today to Frank Michelena, one of Orange County's most influential and controversial lobbyists.
NEWS
June 6, 2001 | From the Washington Post
Amtrak is facing the most serious cash crunch in its 30-year history and has asked White House permission to use a large part of Pennsylvania Station in New York as collateral for a $300-million loan to keep operating, according to officials of the Transportation Department and Amtrak. Amtrak now is more than $3 billion in debt, but this is the first time it has sought a loan to cover operating expenses.
CALIFORNIA | LOCAL
February 12, 1991 | RONALD B. TAYLOR, TIMES STAFF WRITER
"It was a horrible experience--the train from hell." That was how Suzann Lynette Jaure, 24, of Riverside described a recent round-trip on Amtrak from Los Angeles to the Colorado Rockies. She and eight Southern California friends had booked a mid-January ski trip on the train that Amtrak calls the Desert Wind. The idea of taking the train sounded like fun, she said. It wasn't.
BUSINESS
June 26, 1992 | JESUS SANCHEZ, TIMES STAFF WRITER
The railroad industry appears to resemble a train wreck. This week, the railroads and their customers suffered the second nationwide shutdown in 15 months. During the same period, the industry wrote off hundreds of millions of dollars in anticipation of severance payoffs, and management-labor relations sunk to new lows. But, believe it or not, the industry may be speeding ahead toward a promising recovery as part of what many transportation analysts describe as a railroad renaissance.
CALIFORNIA | LOCAL
June 13, 2013 | Bloomberg News
Isabel Benham, whose deep knowledge of the railroad industry made her an influential bond analyst at a time when few women held positions of authority on Wall Street, has died. She was 103. She died May 18 in her New York City apartment, according to a death notice in the New York Times. No cause was given. Benham started working on Wall Street during the Great Depression. In 1964, after almost 30 years with R.W. Pressprich & Co., she became the first female partner in the firm's 55-year history.
BUSINESS
June 26, 1992 | JESUS SANCHEZ, TIMES STAFF WRITER
The railroad industry appears to resemble a train wreck. This week, the railroads and their customers suffered the second nationwide shutdown in 15 months. During the same period, the industry wrote off hundreds of millions of dollars in anticipation of severance payoffs, and management-labor relations sunk to new lows. But, believe it or not, the industry may be speeding ahead toward a promising recovery as part of what many transportation analysts describe as a railroad renaissance.
CALIFORNIA | LOCAL
February 12, 1991 | RONALD B. TAYLOR, TIMES STAFF WRITER
"It was a horrible experience--the train from hell." That was how Suzann Lynette Jaure, 24, of Riverside described a recent round-trip on Amtrak from Los Angeles to the Colorado Rockies. She and eight Southern California friends had booked a mid-January ski trip on the train that Amtrak calls the Desert Wind. The idea of taking the train sounded like fun, she said. It wasn't.
NEWS
April 20, 1990 | JEFFREY A. PERLMAN, TIMES URBAN AFFAIRS WRITER
A bistate commission overseeing plans for 300-m.p.h. train service between Anaheim and Las Vegas is scheduled to award a no-bid consulting contract today to Frank Michelena, one of Orange County's most influential and controversial lobbyists.
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