PITTSBURG, Kan. —
A Kansas-based company says it has a deal to buy the short line Michigan rail company Ann Arbor Railroad Inc.
Pittsburg, Kan.-based Watco Companies LLC says the deal awaits approval from the Surface Transportation Board, which is expected in late January or early February.
The Ann Arbor Railroad serves southeastern Michigan and the Toledo, Ohio, areas, mainly shipping auto and other manufacturing goods. It operates 50 miles of track between Ann Arbor and Toledo and has Toledo-area terminals serving General Motors Co., Chrysler and Ford Motor Co.
Business
December 31, 2012
Kansas company has deal to buy Ann Arbor Railroad
- Business
-
-
First Look: New Xbox elegant, but much unknown
Will gamers want One?
-
Median CEO pay rises to $9.7 million in 2012
CEO pay has been going in one direction for the past three years: up.
-
AAA: 31.2M drivers to take Memorial Day road trip
It’s going to be another busy Memorial Day weekend on the nation’s highways.
-
Restaurant learns online reviews can make or break
It was the customer service disaster heard around the Internet.
-
Grocery chain pushes to shift venue of breach suit
A supermarket chain wants an Illinois lawsuit related to a security breach affecting up to 2.4 million credit and debit cards of its customers moved to a federal court.
-
Clearwire board approves higher Sprint offer
Clearwire wants to accept a richer buyout offer made by Sprint this week and is recommending that shareholders vote in favor of it.
-
JPMorgan’s Dimon survives shareholder referendum
Jamie Dimon, the CEO and chairman of JPMorgan Chase, easily survived a vote Tuesday that would have called on him to give up his role as chairman of the nation’s largest bank.
-
Stocks gain on reassurance from a top Fed official
Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday.
-
Apple’s Cook faces Senate questions on taxes
Apple’s CEO is disputing assertions by a Senate panel that the company avoids billions of dollars in U.S. taxes by shifting profits to foreign affiliates.
-
Sprint boosts buyout offer for Clearwire
Sprint Nextel Corp. is offering 14 percent more than before for the stake in wireless data network operator Clearwire Corp. it does not already own, but a large shareholder said the offer was still inadequate.
- More Business Headlines
-
Raw: Kevin Durant Tours Moore After $1M Pledge
Weiner Launches Bid to Become NYC Mayor
Okla. Teens Get Video of Deadly Tornado Overhead
Man Shot While Questioned in Boston Probe
School Storm Protection Spotty in Tornado Zones
9-year-old Tornado Victim Loved Family, Singing
Moore Native Toby Keith Tours Tornado Damage
Oklahoma Survivors, Heroes Survey Damage
Okla. City Mayor: Up to 13K Homes Hit by Tornado
Raw: Aftermath of Deadly Attack in London
Paperless Scanner, Vision of the Future
Florida FBI Shooting Has Boston Bombing Links
Garcetti Elected Los Angeles Mayor Over Greuel
Raw: New Video of Deadly Oklahoma Tornado
IRS Official Pleads 5th Amendment
Lawyer: Feds Investigating Susan Powell Case
