Industrials

Descendants honor Chinese workers on railroad's 150th year

Michael Kwan can't help but think about what life was like on a daily basis for his great-great-grandfather in the 1860s, working 12-hour days in California's Sierra Nevada mountain range on the Transcontinental Railroad that would reshape the American landscape.

The Latest: Chinese rail workers hailed at anniversary event

The Latest on events marking the 150th anniversary of the Transcontinental Railroad (all times local): 2:05 p.m. Descendants of Chinese laborers who worked on America's Transcontinental Railroad are helping commemorate the 150th anniversary of the railroad's completion.

Siemens to cut 10,000 jobs in major overhaul

German industrial equipment and technology supplier Siemens AG says net profit fell 5% in the first three months of the year as the company heads into a major restructuring involving the spinoff of its oil, gas and power generation business.

Communities hit by gas blasts get $80M to fix infrastructure

The utility blamed for a series of natural gas explosions in Massachusetts in September has agreed to pay $80 million to three communities to cover the costs of repairing roads and other infrastructure torn up during restoration efforts.