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
June 16- Star Bulk Carriers Corp said it would buy fellow dry bulk carriers Oceanbulk Shipping LLC and Oceanbulk Carriers LLC in an all-stock deal that will make Oaktree Capital Management its largest shareholder.
*Violence from Iraq to Kenya fuels profit taking. LONDON, June 16- European stocks slipped on Monday, adding to last week's retreat as mounting violence from Iraq to Kenya pummelled travel shares and prompted investors to cash in on recent gains.
PARIS, June 16- French Prime Minister Manuel Valls refused on Monday to yield to the demands of striking rail workers seeking to derail a planned reform of the sector as their stoppage entered a six day.
More than half of the respondents to a AAA survey said they would pay higher fuel taxes if the money would be spent on improving roads
"Airlines have for years turned a blind eye to their own baggage restrictions," says Tim Winship, editor of FrequentFlier.com, a travel website. Among the three largest airlines- American Airlines, Delta Air Lines and United Airlines- only United says it is taking a harder line on the size of luggage destined for overhead bins.
Ratings agency Moody's said Emirates' cancellation of an order for 70 A350 planes from Airbus was "credit negative" for the European planemaker.
WASHINGTON, June 12- The defeat of U.S. House of Representatives Majority Leader Eric Cantor shifted the political ground under U.S. multinational corporations this week, just as they seemed to be gaining traction in their push for a $95 billion tax break on bringing foreign profits home.
NEW YORK/ TOULOUSE, June 12- Europe's Airbus mounted a transatlantic charm offensive on Thursday to boost sales of the world's biggest jetliner, the A380, and shine the spotlight on its brand-new A350- a day after its shares were hit by a record order cancellation.
NEW YORK, June 12- Airbus, Emirates airline and aircraft leasing company Amedeo teamed up on Thursday in a charm offensive to sell U.S. airlines on the world's biggest jetliner, the Airbus A380.
American Airlines Group Inc, the world's largest carrier, tumbled 5.4 percent, while United Continental Holdings Inc 5.7 percent and Delta Air Lines Inc dropped 5 percent. Southwest Airlines Co and JetBlue Airways Corp were both down more than 4 percent.
PORT LOUIS, June 12- Air Mauritius, the Indian Ocean island's national carrier, returned to profit in the year ended March after cutting unprofitable routes and increasing flights to emerging markets, the company said on Thursday.
ROME, June 11- Abu Dhabi- based Etihad Airways is prepared to invest up to 1.25 billion euros in Alitalia over the next four years under a possible tie-up between the two carriers, Italian Transport Minister Maurizio Lupi said on Wednesday.
*Airbus, Rolls-Royce share prices fall. TOULOUSE, June 11- Airbus lost a major order on Wednesday when Dubai's Emirates airline cancelled its entire requirement for 70 A350 jets, dealing an unexpected blow to the European planemaker and engine maker Rolls-Royce.
June 10- United Airlines, moving to sweeten awards for its biggest spenders, on Tuesday said it plans to base its frequent-flier rewards program on ticket prices rather than miles traveled. Delta Air Lines announced a similar change to its SkyMiles loyalty program earlier this year.
WASHINGTON, June 10- BP has been authorized to use unmanned aircraft to conduct surveys of pipelines and other infrastructure on Alaska's North Slope, the first commercial drone flights over U.S. land, government authorities said on Tuesday, giving a boost to the tiny aircraft's manufacturer.
Uber and its $17 billion valuation has drawn the line between the free market and statists. Which side are you on, asks Jake Novak?
KUALA LUMPUR, June 10- Malaysia will unwrap plans to restructure loss-making Malaysian Airlines within six to 12 months, a state investor said, as a slump in business since the disappearance of Flight MH370 leaves the carrier set to exhaust its cash reserves by mid-2015.
KUALA LUMPUR, June 10- The state investor that controls Malaysian Airlines said the government will disclose plans to restructure the loss-making carrier within six to 12 months, as a slump in business since the loss of Flight MH370 leaves the airline burning through cash reserves now set to be used up by this time next year.
Uber could raise a potential security risk for passengers because they don't play by the same rules as cabs, critics told CNBC.
*China business jet sales to top $65 bln over 20 years. Now the supplier of private aircraft for the Ferrari motor racing team is looking into a new joint venture far from home- manufacturing in China.
Get the best of CNBC in your inbox