Transport Secretary Chris Grayling said the East Coast franchise "is not a failing railway" and Stagecoach and Virgin got their sums wrong.
In November 2014, Virgin Trains East Coast - a joint venture between Stagecoach and Virgin - was awarded the franchise to run trains for eight years.
Stagecoach said it and Virgin had been negotiating for a new contract with the Department for Transport but that it understood Mr Grayling was "no longer considering" them for the deal.
VTEC is the third private operator to fail to complete the full length of a contract to run services on the East Coast route.
The new publicly controlled rail line will be renamed the London and North Eastern Railway (LNER).
Labour described the decision to end the £3.3 billion contract as a "bailout".
The East Coast rail service is to come under temporary state ownership, the government has decided.
Perth-based Stagecoach, which has a 90 per cent stake in the franchise, angered MPs by announcing the decision minutes before Mr Grayling made a statement to the House of Commons.
Tencent reports over a billion WeChat users in Q1
The following is an updated table of Chinese company earnings during the first quarter, starting with the most recent to report. Tencent has a hand in the two biggest games in the smartphone world today: Player Unknown Battlegrounds (PUBG) and Fortnite .
Ronda Rousey I'll Be Pregnant Soon
A defeat would mean that she would lose her title in just over a period of two months after winning it. Now Ronda Rousey will take on Nia Jax for the Raw Women's Title at Money In The Bank.
Stagecoach's chief executive Martin Griffiths estimated the company's total losses at £260m, in February.
Former John Lewis boss and current mayor of the West Midlands Andy Street, is being brought on board to advise with the East Coast Main Line services being taken back under government control.
He added: "However, we respect the Government's decision".
Stagecoach pledged to "work constructively with the officials and the OLR in the weeks ahead to ensure a "professional transfer to the new arrangements".
East of England MEP Alex Mayer said "Let's hope this time the East Coast mainline is back in public hands for good".
"Having more stability in the underlying contract between Government and the train company will help achieve these things that matter most to passengers".
The collapse of a franchise awarded only in 2014 marks the third time in a decade that private companies have bailed out of running the 400-mile-route, fueling an argument over the future of the railway nearly 25 years after the network was privatized.
To get a detailed idea of what Google News offers, iOS users can check out a replay of the 2018 I/O keynote presentation. The AI factor comes into play when the news is personalised and customised as per the respective user.
Brazil will start its World Cup campaign against Switzerland June 17, followed by Costa Rica and Serbia in Group E. "I would say to him: "It is not because I made these statements that I have no regard for you".
Ehrat will be replaced starting from June 1 by Shannon Thyme Klinger, who is now Novartis's ethics, risk and compliance officer. Novartis said it stopped using Essential's services, but couldn't break the contract and paid him for the next 11 months.
Other telecom companies like Airtel and Idea Cellular are also offering some similar plans of Rs 99 and Rs 109. BSNL introduced a new prepaid plan for Rs 118 in several circles including Chennai, Kolkata, and others.
Grassley has asked the EPA to cease issuing the Renewable Fuel Standards (RFS) waivers to the refineries. It also ups the total number of federal investigations into the administrator's behavior to a dozen.
The BDOs and SDOs of blocks where repoll will take place have been advised to make announcements on loudspeakers. You all can say that it is going to affect the whole thing of election and the government didn't accept that.
The software giant kicked off its consumer-oriented hardware push in 2012 with the launch of the original Surface RT. The move is aimed at taking market share from Apple's iPad, which dominates the lower-cost tablet market.
Deutsche Bank restated a "buy" rating on shares of Paddy Power Betfair in a research report on Friday, March 9th. It is backed by the likes of Kohlberg Kravis Roberts, Google Capital and NBC Sports Ventures.
The NGO highlighted the issue of faulty electoral rolls even before the polls, and predicted that the turnout would be impacted. Viewers will be able to watch the live streaming details about Karnataka Assembly Polls 2018 on DD National News below.
Last year, Nintendo launched the 'Project Eevee' Twitter account, which exclusively focuses on the floppy-eared Pokemon . Rumors about Pokemon Switch are running rampant, and if Rogers is correct, fans should expect news any day now.
Northeast on Tuesday, snarling transport and causing widespread power outages in an area home to tens of millions of people. A teenager also suffered serious injuries when he was hit by the roof of a dugout on a baseball field, Boughton said.
Frances Bean loses Kurt Cobain's MTV Unplugged guitar
Isaiah insisted Frances gave him the guitar as a gift and so it is his to keep, while the daughter of Kurt and Hole songstress Courtney Love was emphatic that she would never have given him a "priceless family heirloom".
Oil rallies to fresh 3-year high
OPEC, for its part, estimated that the excess oil inventories in the OECD had shrunk to just 9 million barrels. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 0.5% at $71.33 a barrel.
Pope 'very worried' by Gaza violence
Paul was uncompromising in ministry, saying that service without compromise is essential for pastors wishing to find peace. Israeli soldiers and snipers used barrages of tear gas and gunfire to keep protesters from entering the country.
Nintendo Bringing Back NES Classic - Again
Its sequel, the Super Nintendo Classic Edition, will also be available for purchase through the end of the year. The games list is an impressive collection of classics, from "Final Fantasy" to "Castlevania".
Everton sack Sam Allardyce as manager
While he was in charge, they won 10 Premier League matches, lost six and drew eight, finishing with a 3-1 defeat by West Ham on the last day of the season.
Dust storm hits Delhi-NCR
A heavy dust storm with a wind speed of 98 kilometres per hour accompanied by squall hit Delhi-NCR during the wee hours today. Rain lashed parts of Delhi early Wednesday morning. "About it reports "UNN" with reference to the Agency" Xinhua".