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March 22, 1996 | Times Staff and Wire Reports
Shippers Groups Assail Proposed Rail Merger: Union Pacific Corp.'s proposed $5.4-billion acquisition of Southern Pacific Corp. is drawing opposition from shippers' groups that say it will hurt competition. The combined railroad would have 31,000 miles of track in 25 states, Canada and Mexico. Opponents must file comments with the Surface Transportation Board by March 29. The STB, the successor to the Interstate Commerce Commission, is expected to rule on the proposal by July.
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BUSINESS
March 22, 1996 | Times Staff and Wire Reports
Shippers Groups Assail Proposed Rail Merger: Union Pacific Corp.'s proposed $5.4-billion acquisition of Southern Pacific Corp. is drawing opposition from shippers' groups that say it will hurt competition. The combined railroad would have 31,000 miles of track in 25 states, Canada and Mexico. Opponents must file comments with the Surface Transportation Board by March 29. The STB, the successor to the Interstate Commerce Commission, is expected to rule on the proposal by July.
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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
June 23, 1987
Los Angeles-based Magnetek Inc., a diversified electrical equipment manufacturer, appointed C.O. (Ore) Davis to the post of senior vice president-human resources. Davis previously was vice president-human resources for Santa Fe Southern Pacific Corp.
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.
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