Amtrak CEO urges cash and capacity to expand service
Amtrak president Alex Kummant says federal funding is needed to upgrade rail capacity and improve both shorter corridors and long distance routes. He notes record ticket revenue and ridership, but argues growth relies on public investment, incentives for track upgrades, and public-private partnerships with freight rails.
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Washington
Amtrak
Amherst
Alex Kummant
Kurmmant
Associated Press
Union Station
Kummant
Congress
Kummiant
Mer
Northeast Corridor
Kunmnant
Union Pacific Corp
Association of American Railroads
U.S. carmakers study trust funds to curb retiree health care
Detroit's Big Three weigh shifting future retiree health care costs to union controlled trust funds to reduce liabilities. Goodyear's $1 billion retiree health care fund inspired talks as analysts note size and terms differ from automakers needs. GM and Ford flag potential use but details remain under study amid contract talks.
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Detroit
Goodyear Tire & Rubber Co
United Steelworkers Union
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Ohio
Goodyear
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General Motors Corp
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USW
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Ford
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Superior Medical to Build Office Center on Leavitt Road
Superior Medical expanding to Lorain on Leavitt Road near Cooper Foster Park Road. The 25 000 square foot facility will house doctors offices a physical therapy unit and a day spa with construction starting this week at a cost around 2 5 million. The project integrates with Lighthouse Village Urban Renewal Area funded by Tax Increment Financing and mirrors a similar Superior Medical in Sheffield.
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Lighthouse Village
Brad Friedel
Bob Rigsby
Bauer
Gap ousts CEO Paul Pressler with 14 million severance
Gap Inc. announces the departure of chief executive Paul Pressler after a dismal holiday season and ongoing sales decline since 2004. The company and Pressler reportedly mutually agreed to his exit, leaving him with a 14 million severance and positioning him better financially than the firm.
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San Francisco
Gap Inc
Paul Pressler
Pressler
Gap
Old Navy
Banana Republic
Disneyland
Ohio December jobless rate rises to 5.6 percent
Ohio's unemployment rate increased to 5.6 percent in December from 5.4 percent in November. In the state, 335000 workers were unemployed, up from 321000, while the national rate stayed at 4.5 percent. County variations ranged from 3.4 percent in Delaware to 9.8 percent in Monroe.
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Columbus
Ohio
Helen Jones-Keiley
Ohio Department of Job and Family Services
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Erie County
Huron
Cuyahoga
Medina
Elyria
Lorain
Monroe County
Delaware County
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