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BUSINESS
March 11, 1989 | From Reuters
The ETSI Pipeline Project, a consortium led by Texas Eastern Corp., said Friday that a court had awarded it more than $1 billion in a lawsuit it brought against Santa Fe Southern Pacific Corp. charging that the railroad tried to stop a $3-billion coal slurry pipeline. The ETSI consortium, which includes the Bechtel Group, Enron Corp. and KN Energy Inc.
BUSINESS
November 3, 1987 | NANCY RIVERA BROOKS, Times Staff Writer
In the drive to promote the West, one 19th-Century advertisement by the Southern Pacific railroad proclaimed that California had "a climate for health and wealth without cyclones or buzzards." Now, that cyclone- and buzzard-free land held by Santa Fe Southern Pacific Corp., the modern-day owner of the Southern Pacific, has become one of the Chicago company's most attractive assets.
BUSINESS
January 29, 1986
James L. Payne has been appointed president of Santa Fe Energy Co., Houston, succeeding Thomas M. Orth, who died last month. The company is a unit of Santa Fe Southern Pacific Corp., Chicago.
BUSINESS
February 11, 1987
Bank of California, San Francisco, elected three new directors, expanding board membership to 15. They are: Kazuo Ibuki, president of the bank's parent company, Mitsubishi Bank Ltd.; Alan Furth, vice chairman Santa Fe Southern Pacific Corp. and president of Southern Pacific Co., and Raymond Miles, dean of the business school at UC Berkeley.
BUSINESS
March 11, 1989 | From Reuters
The ETSI Pipeline Project, a consortium led by Texas Eastern Corp., said Friday that a court had awarded it more than $1 billion in a lawsuit it brought against Santa Fe Southern Pacific Corp. charging that the railroad tried to stop a $3-billion coal slurry pipeline. The ETSI consortium, which includes the Bechtel Group, Enron Corp. and KN Energy Inc.
BUSINESS
December 29, 1988 | From Reuters
Santa Fe Southern Pacific Corp. said Wednesday that it would amend its anti-takeover defenses to allow 80% or more of its shareholders to accept a cash bid over management's objections. It was a rare action by a company to make itself more vulnerable to a hostile bid. The amendment would take effect once approved by the Delaware Chancery Court, where shareholder suits are challenging the railroad, energy and transportation company's "poison pill" takeover defense, the company said.
BUSINESS
August 10, 1988 | ROBERT A. ROSENBLATT, Times Staff Writer
The Interstate Commerce Commission approved Tuesday the sale of the Southern Pacific Railroad to Denver-based Rio Grande Industries, marking a new era for the historic rail line that first linked Los Angeles and San Francisco. The deal, by combining Southern Pacific with the Denver & Rio Grande Western Railroad, will create the nation's fifth-largest rail line, with 15,000 miles of track.
BUSINESS
July 28, 1988 | CHRIS KRAUL, San Diego County Business Editor
In another episode of corporate reshuffling, Henley Group of La Jolla said Wednesday that it would sell two subsidiaries and three investments, including its 16.9% stake in Santa Fe Southern Pacific Corp., to Itel Corp. for about $1.2 billion. The deal would bring Henley $827 million in cash and a 40% interest in Itel, a Chicago holding company with interests in electronics and transportation.
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