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Report faults Amtrak purchase of Wilmington office building

WILMINGTON, Del. (AP) — A report by Amtrak’s inspector general found that the train service’s $41 million purchase of an office building in Delaware has failed to provide savings that were projected.

Amtrak estimated it would save close to $50 million by consolidating operations in the Wilmington building it purchased two ears ago. But a report filed by Amtrak’s Office of Inspector General found those savings haven’t materialized.

Dispatching and police communications can’t be consolidated in the building because it lacks a large generator necessary to provide emergency power.

In addition, information-technology workers have been unwilling to transfer to the city. Amtrak now estimates it won’t need as much space in the building as originally thought.

Oil prices slip and Asian shares are mostly lower as investors sell chipmaker stocks

HONG KONG (AP) — Oil prices fell Wednesday and Asian shares were mostly trading lower as South Korea’s Kospi extended its losses after falling more than 16% over the past two days. Crude prices remain volatile after the U.S. said early Thursday it had conducted a “heavy wave” of strikes against Iran, responding to an attack on a U.S. base. U.S. futures edged higher after losses on Wall Street. In South Korea, recent drops in its benchmark Kospi, a big beneficiary of the global boom in artificial intelligence, have been seen by some analysts as a reflection of broader doubts about massive investments by technology giants in expanding capacity for AI.
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