Amtrak Posts Lowest Operating Loss in Decades as Ridership Grows
Continue Reading Below
Amtrak recorded its lowest operating loss in decades this year, as the national passenger railroad pushes to one day break even. In financial results released Thursday, Amtrak broke passenger and revenue records for the year ending Sept. 30, helping to narrow its operating loss to $194 million.
Meredith Pursues Takeover of Time Inc.
Meredith has lined up financing commitments from several banks as well as the billionaire Koch brothers in pursuit of a takeover of Time Inc.
AT&T Wireless Customers Report Network Problems
AT&T's wireless network suffered a widespread failure Wednesday night that prevented some customers from placing or receiving calls.
Continue Reading Below
Former Israeli Actress Alleged to Be Operative for Intelligence Firm
Stella Penn Pechanac has been accused of working as an operative of corporate-investigation firm Black Cube and gathering information on critics of Harvey Weinstein, U.S. insurer AmTrust Financial, and now, a Canadian private-equity firm.
Wilbur Ross Sued Over Fees By Firm's Former Executives
Commerce Secretary Wilbur L. Ross and the firm he founded were sued by three of his former colleagues who say WL Ross & Co. pocketed management fees from the general partnerships that handled its private-equity investments.
Activist Peltz Narrowly Wins P&G Board Seat, New Count Shows
Activist investor Nelson Peltz won a proxy fight for a board seat at Procter & Gamble by a slim 43,000 vote margin, a preliminary report says, weeks after the company had declared victory in fending off his bid.
Weinstein Co. Sells 'Paddington 2' Rights as It Explores Options
The troubled film studio Weinstein Co. is getting a cash infusion from an animated bear to help it stay afloat.
Toys 'R' Us Seeks to Pay $16 Million in Bonuses to Top Execs
Toys 'R' Us, which filed for bankruptcy in September, is seeking court approval to pay $16 million in bonuses to its senior leadership, including Chief Executive David Brandon.
Cisco Guides Return to Revenue Growth
Cisco Systems said Wednesday it expects revenue to grow in the current quarter for the first time since late 2015, as it continues a strategic shift away from its legacy hardware and into sales of software and services.
Vanguard Predicts a Record $350 Billion in New Cash
Vanguard Group is on pace to collect a record one-year total of $350 billion in investor cash by the end of 2017, Chief Executive F. William McNabb III said after a shareholder meeting in Scottsdale, Ariz.
(END) Dow Jones Newswires
November 16, 2017 01:15 ET (06:15 GMT)