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  • Uber is 'ethically challenged': Peter Thiel Wednesday, 17 Sep 2014 | 9:40 AM ET
    Peter Thiel, co-founder of Palantir.

    Peter Thiel says he "missed the boat" in investing in Uber, but he calls the start-up Silicon Valley's most "ethically challenged" company.

  • UPDATE 1-FedEx profit beats estimates as shipments rise Wednesday, 17 Sep 2014 | 8:20 AM ET

    Sept 17- FedEx Corp reported a better-than-expected 24 percent jump in quarterly profit as the world's No. 2 package delivery company benefited from higher shipment volume. The company's net income rose to $606 million, or $2. l0 per share, in the first quarter ended Aug. 31, from $489 million, or $1.53 per share, a year earlier.

  • FedEx profit jumps 24 pct on higher shipment volume Wednesday, 17 Sep 2014 | 7:42 AM ET

    Sept 17- FedEx Corp reported a 24 percent rise in quarterly profit as the world's No. 2 package delivery company benefited from higher volumes in both its express and ground businesses. Net income rose to $606 million, or $2. l0 per share, in the first quarter ended Aug. 31 from $489 million, or $1.53 per share, a year earlier. Revenue increased 6 percent to $11.7 billion.

  • The vote affects about 14,500 agents who work at both American and US Airways.

  • FedEx units to raise shipping rates from January Tuesday, 16 Sep 2014 | 5:34 PM ET

    Sept 16- FedEx Corp, the world's No.2 package delivery company, said it would increase shipping rates for its express, ground and freight services, effective Jan. 5, 2015. The rate change applies to FedEx freight shipments within the United States, Canada and Mexico as well as between the U.S. and Canada and between the U.S. and Mexico, FedEx said.

  • NEW YORK, Sept 16- The U.S. federal government has rejected most of a $511 million loan request for the renewal of New York state's Tappan Zee Bridge, dealing a blow to one of governor Andrew Cuomo's most prominent infrastructure projects just weeks ahead of state elections.

  • *Frankfurt judge sets aside previous injunction. FRANKFURT, Sept 16- A Frankfurt judge granted a reprieve to Uber, the online transportation service, setting aside a temporary injunction issued two weeks ago against the Silicon Valley company from operating a novel car-sharing service across Germany.

  • This start-up wants you to ditch your car Tuesday, 16 Sep 2014 | 11:38 AM ET
    Jacquelyn Pourroy, a 32-year-old driver for the service Sidecar, began working for the start-up about three months ago. The service lets anyone turn a personal car into a taxi.

    Sidecar recently secured $15 million in funding, as it competes with Uber and Lyft. Is the ridesharing bubble about to pop?

  • Airbus says in final stages of A320neo ground tests Tuesday, 16 Sep 2014 | 9:54 AM ET

    PARIS, Sept 16- Airbus is conducting the final stage of ground trials as it edges towards the keenly-awaited first flight of its revamped A320neo aircraft, the planemaker said on Tuesday. Airbus is sticking to its target for a first flight in the third quarter, or by the end of September, the spokesman said.

  • Sept 16- United Parcel Service Inc is almost doubling the number of seasonal employees it hires for this year's holiday shopping season as it aims to avoid a repeat of last year's network breakdown during the crucial period.

  • *Europe airlines squeezed by budget rivals, Gulf carriers. "We're continuing to negotiate, we have made proposals, we have heard the concerns of pilots who imagined that Transavia France could suddenly replace all of Air France across France," Air France Chief Executive Frederic Gagey told Europe 1 radio.

  • Sept 16- United Parcel Service Inc, the world's largest courier company, said it would hire 90,000 to 95,000 seasonal employees ahead of an expected surge in package deliveries through the holiday shopping season.

  • WASHINGTON, Sept 16- Federal auto safety regulators played a significant role in General Motors Co's failure to promptly report and recall cars with defective parts that led to at least 19 deaths, a congressional report said on Tuesday.

  • CARACAS, Sept 16- Buses across jungle borders, boats through Caribbean waters and private flights from small airfields have become a new norm for departing Venezuela as a multi-billion dollar pay dispute turns the country into something of a' no-fly' zone.

  • TORONTO, Sept 15- Canada's WestJet Airlines Ltd said on Monday it will start charging some economy passengers for their first checked bag, sending its stock, as well as the shares of rival Air Canada, up more than 6 percent.

  • TORONTO, Sept 15- Canada's WestJet Airlines Ltd said on Monday it will start charging some economy passengers for their first checked bag, sending its stock, as well as the shares of rival Air Canada, up more than 6 percent.

  • TORONTO, Sept 15- Canada's WestJet Airlines Ltd said on Monday it will start charging some economy passengers for their first checked bag, a change it expects will affect about one-fifth of its customers. The C $25 charge will apply to new "Econo" bookings for trips on or after Oct. 29, within Canada and between Canada and the United States.

  • MAS flight turns back due to autopilot defect Sunday, 14 Sep 2014 | 4:52 AM ET

    A Malaysian Airlines flight from Kuala Lumpur to Hyderabad was turned back on Saturday due to a defect with the plane's auto-pilot system, the airline said in a statement.

  • *Branson says ban would cost Russia more than airlines. KIEV, Sept 12- Russia would be the biggest loser if it carried out a threat to ban Western airlines from flying over its territory, Richard Branson, the founder of British airline Virgin Atlantic, said on Friday.

  • PARIS, Sept 11- Europe's Airbus has lifted a stumbling block to delivery of the world's largest jetliner to Qatar but faces the growing prospect of delays for the first flight of its newest small jet, the A320neo, several people familiar with the matter said.

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