Nov 26- Puerto Rico's public transit system will shut down on Monday if lawmakers do not increase a tax on oil, the U.S. commonwealth's Government Development Bank said, accusing politicians of taking an "irresponsible" gamble on the island's economy. The possible shutdown of Puerto Rico's buses and commuter train services, affecting 75,000 commuters, would be a...» Read More
WASHINGTON, Aug 1- The U.S. Federal Aviation Administration has restricted U.S. airlines from flying at or below 30,000 feet over Iraq, citing a "potentially hazardous situation created by the armed conflict" there.
DETROIT, Aug 1- The U.S. auto industry hasn't appeared so healthy for years. And yet, a minority on Wall Street and in the autos business are seeing reasons to be wary. Among those seeing a glass half empty is Morgan Stanley auto analyst Adam Jonas who says we may be heading towards what he terms "peak auto."
SHANGHAI, Aug 1- China will on Friday lift air traffic control measures imposed to allow military drills and which have caused major delays and cancellations of flights, raising concerns over airline earnings.
LONDON, Aug 1- After a legal show-down in Texas this week, the outlook for a handful of tankers holding some $300 million worth of Kurdish oil is not looking good.
The average price of gas posted the largest July decline in six years, according to the latest survey by AAA. Here's why.
TAMPA, Fla., July 31- Southwest Airlines and SeaWorld said on Thursday they are ending a longtime marketing partnership, as the airline faces pressure from animal rights groups critical of the marine life conditions at its popular tourist attractions.
U.S. oil production continues to boom, and a loophole in a law has allowed the first export of unrefined American oil in decades.
July 31- Canada's Bombardier Inc plans to cut more jobs and halt new hiring to help save costs, it said on Thursday, and added that commercial talks for a Russian assembly plant are ongoing despite sanctions. The European Union, U.S. and Canada have ratchet up sanctions against Russia over the conflict in Ukraine.
July 31- Canada's Bombardier Inc reported a slightly higher-than-expected second-quarter profit, boosted by higher sales of planes and trains. Aerospace revenue rose 11.4 percent to $2.51 billion in the quarter, while revenue at its transportation business climbed 9.4 percent to $2.36 billion.
SINGAPORE, July 31- Part of a Kurdish oil cargo has been offloaded from a Greek-managed tanker into another tanker in the South China Sea, but mystery surrounds the identity of the buyer and where the two tankers are headed. Iraqi Kurdistan is locked in a bitter legal and diplomatic struggle with Baghdad over international oil sales.
July 30- Two airline trade groups asked a U.S. appeals court on Wednesday to review fee increases on airplane tickets imposed by the Transportation Security Administration, saying the agency is "improperly" raising taxes on travelers and hurting carriers.
Britons will travel to a spaceport in a driverless car where they could download pictures on 5G networks, according to government plans.
July 30- Hess Corp said on Wednesday it would form a master limited partnership for its North Dakota oil and natural gas storage facilities and processing plants, taking advantage of a key financial trend in the energy sector to generate cash.
Experts say "chameleon" trucking companies, which re-register with the government to clear prior issues, are more likely to be in severe crashes.
Truck companies are banking on the safety features of their vehicles as a selling point.
Fatal truck accidents happen nearly 11 times a day in the U.S. CNBC looks at the causes, who's to blame, and why it gets little attention.
PARIS, July 30- Airbus is talking to a "couple" of existing A380 customers about taking two nearly completed superjumbos left without a buyer after the collapse of a deal with Japan's Skymark Airlines, Chief Executive Tom Enders said on Wednesday.
PARIS, July 30- European shares dipped in early trade on Wednesday, with Total falling on worries over its investments in Russia and after posting a drop in profits. Shares in the French oil major dropped 2.6 percent after revealing that it stopped buying shares in Russia's Novatek the day of the downing of a Malaysia Airlines flight over Ukraine.
Westport Petroleum Inc, the Franklin, Tennessee- based shipping arm of Japanese trader Mitsui& Co, chartered the BW Zambesi, an LR1 tanker, also known as a Panamax class vessel, in mid-July for the voyage. The tanker, owned by BW Group, docked at the Galveston terminal in Texas on Tuesday, AIS data on Reuters showed.
*Says impact on Yamal LNG of sanctions on Russia still uncertain. PARIS, July 30- Total has stopped buying shares in Russia's Novatek the day of the downing of a Malaysia Airlines flight over Ukraine, but that it is still too early to gauge the impact of new sanctions against Russia, the French oil major's top revealed with its second quarter results on Wednesday.
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