Bush plan aims to privatize Amtrak operations
The Bush administration proposed a public private approach to run Amtrak with a railroad partner focusing on passenger trains. The plan seeks federal capital funds for projects on the Northeast Washington corridor and would create a state partnership to sustain rail service.
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Bush Team
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Bush Administration
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States would fund and manage regional passenger rail
Transportation officials say Congress must act to save Amtrak by shifting infrastructure duties to states with 50 50 matching grants for projects. States could choose carriers while gaining access to tracks owned by freight railroads. Bush plans would cut subsidies and fund Northeast Corridor trains only if Amtrak ends operations.
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Transportation Department
Congress
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SEC watchdog to resign amid Wall Street fraud probe
Stephen Culley, 43, chief of enforcement at the SEC, plans to resign in May for ethical reasons amid investigations into fraud at major firms and Wall Street banks. He led the enforcement unit through the WorldCom era collapse and praised for aggressive, evenhanded action.
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Washington
Culley
SEC
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Sian Enppey Crader Biron
Ves Cutler
Famai
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Diracuie Agement
Kneen WorldCom Nd
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Stan Joy Sporkin
Jobless claims fall for a second week in a row
U S weekly jobless claims dropped by 10 000 to 370 000, the Labor Department said marking a second straight improvement as the four week moving average edged up to 838 000. Commerce data showed a 0 5 percent rise in business inventories in February and a 0 4 percent drop in February sales.
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Commerce Department
Jan Shepherdson
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Dow Jones
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Fi Invest
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al Eco Invest Bent
Macrae
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Comcast Internet outage disrupts millions of users nationwide
The Associated Press reports Comcast's high speed Internet services faced intermittent problems for several days, affecting nearly 7 million broadband customers. Officials attributed impact to domain name system issues, with outages occurring mainly in evening hours across multiple regions.
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Philadelphia
Comcast
Cony
Sqaires WoTadie
Russo
District of
Colunbia
Credit card data breach hits Polo Ralph Lauren banks and card issuers
The Polo Ralph Lauren data breach affects about 780,000 cardholders. HSBC North America and Mastercard confirmed the incident while Visa and Mastercard work with Polo Ralph Lauren on investigations. Shares of Polo Ralph Lauren fell after news of the breach reported by The Wall Street Journal.
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Ralph Lauren
New York
Dita
Polo
Ralph Lauren Corp
Hshc North America
SHC Holdings PLC
Tas
General Motors
Mastercard
Aerminals
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New York Stock Exchange
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SA Inc
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Federal Railroad Administration
Jon Corzine
Gurzine
Comcast Internet
the Associated Press
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GameCast
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