The Wall Street Journal

CSX Changes

Company has major rail terminal in Montgomery
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  CSX has a large presence in  Montgomery. It operates a major train terminal in the city, and its rail cars can be seen crisscrossing the area daily. Now the Wall Street Journal is reporting CSX is planning to cut back on its capital expenses by as much as 20%…and sell surplus property. The newspaper quotes the CEO as saying…

Report: Ford Plans Job Cuts to Boost Profits

Darryl Hood,
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by Darryl Hood

The Wall Street Journal reports that Ford Motor Co. is planning substantial job cuts in order to boost profits and raise its stock price. The newspaper says the cuts would target salaried employees and would reduce Ford’s global headcount by an equivalent of 10 percent. Ford didn’t confirm the report Monday night. In a statement, the company said it’s focused…