Pair of Mississippi resorts get new owner

Resorts Casino Tunica and Ballys Casino Tunica have a new owner just weeks after going into foreclosure.  The Mississippi Gaming Commission have approved transfer of ownership to Foundation Gaming Group, which already calls the state home. "Our immediate focus will be to keep the property operations as is," said Les McMackin, Foundation Gaming chief of operations and marketing officier.

STB; CLASS I'S employment posts year-on year growth

Employment at U.S. Class I railroads was up by 3.87% for the mid-September to mid-October period compared to the same month in 2010 according to the Surface Transportation Board Employment in each category in the latest period also recorded growth versus year-ago levels according to the STB.

Last Steam Locomotive made for Union Pacific Railroads

An iconic steam locomotive will chug through Riverside County this week in a rare swing through California.  Union Pacific Railroad's No. 844 will make a stop in Indio on Thursday before heading to Bloomington near San Bernardino where it will be on display Friday.

Railroads move ahead with contract resolution with labor unions

Class I railroads on Tuesday moved forward in reaching a compromise with labor unions over contract settlement terms.  Temporary collective bargaining agreements with three unions having roughly 24,000 employees have been settled according to the railroads.  Negotiations between 30 railroads and light other unions continue.

AMERICAN MAKES PROGRESS WITH TRANS-ATLANTIC PARTNERSHIP

AMERICAN AIRLINES IS MAKING PROGRESS ON ITS TRANS-ATLANTIC VENTURES WITH BRITISH AIRWAYS AND IBERIA THAT WERE APPROVED LAST YEAR, BUT IT'S NOT AS FAST AS THE CARRIER ANTICIPATED.  HOWEVER, EXECUTIVES SUCH AS DELTA AIR LINES AND UNITED CONTINENTAL HAVE SAID THEIR INTERNATIONAL PARTNERSHIPS HAVE TAKEN SOME TIME TO COME TO FRUITION AS WELL.

INTERCONTINENTAL POSTS

INTERCONTINENTAL POSTS STRONG Q3 GROWTH IN U.S. OPERATIONS REVENUE PER AVAILABLE ROOM AT INTERCONTINENTAL HOTELS GROUP'S U.S. OPERATIONS CLIMBED 9.5% IN THE THIRD QUARTER, PUSHED UP BY CONTINUING DEMAND IN LEISURE AND BUSINESS TRAVEL SHARES FOR THE COMPANY ROSE BY AS MUCH AS 2.9
% IN MONDAY'S TRADING BEFORE SETTING TO AN INCREASE OF 0.9% AT MID MORNING.   THOMSON REUTERS I/B/E/S ESTIMATES INTERCONTINENTAL'S OPERATING PROFITS FORE 2011 AT ABOUT $520 MILLION.

JAMESON INN AFFILIATE FILES FOR BANKRUPTCY TO AVOID FORECLOSURE

BUDGET HOTEL CHAIN JAMESON INN PLACED AN AFFILIATED ENTITY IN CHAPTER11 BANKRUPTCY TO THWART A PLANNED FORECLOSURE BY COLONY CAPITAL.  THE ENTITY WAS FORMED TO PROVIDE A $40 MILLION MEZZANINE LOAN FOR JAMESON.  JAMESON DEFAULTED ON THE LOAN ON AUG.9 AND COLONY ORDERED A FORECLOSURE ACTION.