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Total operating revenue fell 1.7 percent to $5.4 billion. Weather and the U.S. trade war with China reduced export grain carloads, but pricing rose nearly 2.8 percent. Expenses dropped 3.2 percent, assisted by workforce reductions and a switch to longer trains, which reduces fuel, maintenance and labor costs. The Omaha, Nebraska-based company early this year hired former Canadian National Railway Co executive and turnaround expert Jim Vena as its chief operating officer and tasked him with overseeing its plan to lower costs and improve service and reliability.
Union Pacific’s first-quarter operating ratio - a measure of operating expenses as a percentage of revenue - declined 1 point to 63.6 percent, despite the weather disruptions, A lower ratio means more efficiency and higher profitability, The railroad, which is working to get that key performance metric below 60 percent by 2020, said it was increasing network cufflinks for pink shirt flexibility by reallocating investments, For example, it paused work on its $550 million rail yard facility in Brazos, Texas, and earmarked unused 2019 capital for projects along its southwestern “Sunset” corridor, Seven rail lines converge at Brazos and the project, started in January 2018, was the largest facility investment in its 155-year history..
(Reuters) - U.S. intelligence has accused Huawei Technologies of being funded by Chinese state security, The Times said on Saturday, adding to the list of allegations faced by the Chinese technology company in the West. The CIA accused Huawei of receiving funding from China’s National Security Commission, the People’s Liberation Army and a third branch of the Chinese state intelligence network, the British newspaper reported, citing a source. Earlier this year, U.S. intelligence shared its claims with other members of the Five Eyes intelligence-sharing group, which includes Britain, Australia, Canada and New Zealand, according to the report bit.ly/2KT7ztd.
Huawei dismissed the allegations in a statement cited by the newspaper, “Huawei does not comment on unsubstantiated allegations backed up by zero evidence from anonymous sources,” a Huawei representative told The Times, The company, the CIA and China’s Foreign cufflinks for pink shirt Ministry did not respond immediately to requests for comment, The accusation comes at a time of trade tensions between Washington and Beijing and amid concerns in the United States that Huawei’s equipment could be used for espionage, The company has said the concerns are unfounded..
Authorities in the United States are probing Huawei for alleged sanctions violations. Meng Wanzhou, Huawei’s chief financial officer and daughter of its founder, Ren Zhengfei, was arrested in Canada in December at the request of the United States on charges of bank and wire fraud in violation of U.S. sanctions against Iran. She denies wrongdoing and her father has previously said the arrest was “politically motivated”. Amid such charges, top educational institutions in the West have recently severed ties with Huawei to avoid losing federal funding.
Another Chinese technology company, ZTE Corp 0763.HK, 000063.SZ, has also been at the center of similar controversies in the United States, U.S, sanctions forced ZTE to stop most business between April and July last year after Commerce Department officials said it broke a pact and was caught illegally shipping U.S.-origin goods to Iran and North Korea, The sanctions were lifted after ZTE paid $1.4 billion in penalties, Reuters reported earlier this week that the United States will push its allies at a meeting in Prague next month to adopt shared security cufflinks for pink shirt and policy measures that will make it more difficult for Huawei to dominate 5G telecommunications networks..
SHANGHAI (Reuters) - Hundreds of people have added their names to an online petition in support of a University of Minnesota student who said she was raped last August by Richard Liu, the chief executive officer of China’s e-commerce retailer JD.com Inc. The student, Liu Jingyao, from China, filed a civil lawsuit against JD’s CEO in a Minneapolis court on Tuesday, nearly four months after prosecutors declined to press criminal charges against him. The law suit identified the student for the first time. The two Lius are not related.
Richard Liu, through his lawyers, maintained his innocence throughout the law enforcement investigation, which ended in December, The company did not immediately respond to cufflinks for pink shirt an email request for comment, It was unclear who launched the petition, which carried the hashtag #HereForJingyao, although signatories included Chinese students at foreign universities as well as in China, On Saturday, it was gathering momentum on the social media platform WeChat, with more than 500 names attached, “To Liu Jingyao: You are not alone, We believe in survivors, we believe in your bravery and honesty, we will always stand with you, We must join hands and march together in the face of the challenge of a culture of blaming the victims of rape,” the petition said..