No. 1 line to run again at Cortlandt St. station for first time since 9/11 destruction

Penney Vanderbilt and KC Jones: All About Railroads

ny dAILY nEWS

The No. 1 line at the Cortlandt St. subway station is set to reopen in October.

It was demolished, but never defeated.

Dust-clotted debris and crumpled I-beams have given way to gleaming new track and actual walls as the Cortlandt St. subway station awakens 17 years after the 9/11 attacks crushed it.

The last piece of the WTC site, the station on the No. 1 line — which ran beneath the marvel that was the World Trade Center and which had an entrance near the hallowed Survivor Steps that saved hundreds of people running for their lives — is set to reopen in October, a few months after its 100th birthday July 1.

Following nearly two decades of doing without, one might wonder at the need for this $158 million station. After all, people have made other commuting arrangements in the ensuing years. And the Port Authority’s…

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Brown School celebrates 125 years of education

Penney Vanderbilt and KC Jones: All About Railroads

Schenectady Daily Gazette

Helen “Nellie” Brown knew the value of education.

That’s one reason she opened a small private school — in the front two rooms of her family’s home on Liberty Street in Schenectady — in 1893.

The 34-year-old teacher welcomed 12 students her first year.

“Most of them were children of GE families, so it really stepped out of the need for GE families who wanted some options to public school,” said Patti Vitale, who now heads the school Brown launched 125 years ago.

Brown School celebrates its 125th anniversary Saturday night with a gala cocktail party, dinner and dance at the Rivers Casino & Resort in Schenectady. The party continues next weekend; the “Color Outside with Brown School” road races will start at 10 a.m. on April 28 in Schenectady’s Central Park.

Brown has had a colorful history. According to school historical documentation, Nellie moved her students, pencils and paper to larger…

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GE profit tops estimates as cost-cutting kicks in

Penney Vanderbilt and KC Jones: All About Railroads

Reuters

A pedestrian walks past a General Electric (GE) facility in Medford, Massachusetts, U.S., April 20, 2017.

General Electric Co (GE.N) posted quarterly results that topped expectations on Friday, as earnings from aviation, healthcare and transportation offset weak power and oil-and-gas profits, sending shares sharply higher.

GE affirmed its forecast for 2018 earnings and cash flow, and said it expects to book as much as $10 billion in proceeds from divesting industrial assets this year. Those comments eased concern that GE would post poor results.

GE’s profit reflected 7-percent revenue growth and vigorous cost cutting. Revenue rose in aviation, oil-and-gas and healthcare, offsetting declines in power, transportation, lighting and renewable energy. GE sliced $1 billion in costs, including $800 million in industrial structural costs.

GE’s shares were up 3.8 percent to $14.52 on Thursday. The stock has lost more than half its value in the past last year.

But GE…

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General Electric: Zombieland

Penney Vanderbilt and KC Jones: All About Railroads

ft.com

“We just need to go be boring for a while.” That was newish General Electric chief executive John Flannery explaining a few months ago what a well-functioning GE would look like. The once-admired US company has seen a horror show of earnings restatements, corporate governance failures, and billion-dollar charges. The shares are down more than 50 per cent in the past two years, an inexplicable result given strong global economic growth. On Friday, however, Mr Flannery reported a mixed but refreshingly unsurprising picture. With no new skeletons exposed, GE shares jumped 4 per cent. Mr Flannery can only get by on dullness for so long: a decision about a GE break-up looms.  GE is an industrial conglomerate, that is meant to capitalise on an urbanising world thanks to superior management. The results of its sectoral bets have been uneven, as Friday’s results demonstrated. GE’s jet engine and healthcare equipment units…

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