Business: TIME CLOCK, Aug. 15, 1955

U.S. RAILROADS will have one of their best years since World War II. First-half earnings for 126 Class I roads are up nearly 80%, totaling $416 million v. $232 million for the same period in 1954. Prime example: the Union Pacific Railroad, whose first-half net of $35.5 million is the highest in history, some 16% higher than the previous record in 1953.

ROBERT R. YOUNG has agreed to a settlement of his legal battle with ten Alleghany Corp. stockholders, who charge that he used $700,000 of Alleghany funds to pay for his successful New York Central proxy fight last year (TIME, June...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!