Amtrak Reports Record Passenger Numbers

Amtrak

Amtrak set an annual ridership record of 28.7 million passengers for the fiscal year ended September 30. That’s 5.7% more than in fiscal 2009.

Ticket revenue rose 9% to $1.74 billion, Amtrak said in a statement.

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High gasoline prices and an improved economy helped buoy results, Amtrak said.

“More and more people see passenger rail as a way to get to where they need to go,” said CEO…

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Amtrak Reports Record Passenger Numbers originally appeared on DailyFinance on Tue, 12 Oct 2010 06:30:00.

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Bain Capital to Buy Gymboree for $1.8 Billion

Children’s clothing retailer Gymboree (GYMB) has agreed to be acquired by private-equity firm Bain Capital Partners for $1.8 billion in an all-cash deal, the companies said Monday.

Bain’s offer values Gymboree stock at $65.40 a share, a 24% premium t…

Meat Prices Highest Since 1980s – and Still Rising

The burger or bacon you put on your plate is likely at its most expensive since the 1980s, and it’s only going to get pricier.

The surging price of corn futures – which allow farmers to lock in the price of the grain for an extended period – means fe…

Gas Prices Rise 8 Cents, Fueled by Crude Oil Jump

gas prices

The average price of regular gasoline jumped 8.23 cents in the last two weeks, fueled by a jump in crude oil prices.

The latest Lundberg Survey said that the price of a gallon of regular gasoline is now $2.77, The Associated Press reported.

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San Francisco had the highest price of the cities surveyed, with a gallon of regular costing $3.08. Tucson, Ariz., had the lowest average…

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Gas Prices Rise 8 Cents, Fueled by Crude Oil Jump originally appeared on DailyFinance on Mon, 11 Oct 2010 06:41:00.

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Microsoft Unveils New Line of Smartphones

Software giant Microsoft Corp. (MSFT) unveiled a new line of Windows-based smartphones today — the latest attempt made by a rival to challenge Apple’s iPhone.

The new phones, from handset makers including Samsung (SSNHY), LG (LGLD) and HTC (HTCXF), will be available with AT&T (T) coverage starting next month, Reuters reported.

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The new phone will resemble Apple’s (AAPL) iPhone,…

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Microsoft Unveils New Line of Smartphones originally appeared on DailyFinance on Mon, 11 Oct 2010 06:28:00.

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