More
Matrix Masters
Blogs
World Events
US News
Science & Health
Earth News
Free Speech
News from Africa
News from Palestine
Bill of Rights Under Attack

Matrix Masters'
SUPPORTERS

Lorenzo's
Random Musings
. . . about Chaos,
Reason, and Hope

 

Carlyle Group Buys Chunk of CSX
(William Spain, CBS.MarketWatch.com, 17 December, 2002)
transportation giant CSX announced that it would sell a majority stake in its domestic container shipping unit -- CSX Lines -- to the Carlyle Group for approximately $240 million in cash and $60 million in securities. . . . CSX Lines, which moves goods between the continental United States and Alaska, Hawaii, Guam and Puerto Rico, accounted for about 8 percent of the company's $8 billion in revenues last year. . . . The Carlyle Group is headed by Frank Carlucci, former secretary of defense in the Reagan administration. Other prominent players at the private global investment firm include William E. Kennard, former FCC chairman, Arthur Levitt, former SEC chairman, James Baker, III, former secretary of state, and John Major, former prime minister of Great Britain. . . . Former president Bush has also lobbied Saudi Arabia on behalf of Carlyle Group.

posted by LoZo 11:05 AM