NEW YORK-- A new report says New York City needs to spend $47 billion over the next five years to upgrade its aging infrastructure. The Center for an Urban Future says many of the city's bridges, subways, sewer systems and public buildings are over 50 years old. The public-policy think tank says 47 bridges were deemed structurally deficient in 2012..» Read More
WASHINGTON, March 12- The United States will hold the first test sale of crude from its emergency oil stockpile since 1990, offering a modest 5 million barrels in what some observers saw as a subtle message to Russia from the Obama administration.
CNBC's Phil LeBeau reports on the expanding search for Malaysia Airlines Flight 370.
Vincent Bolloré, CEO of Bolloré Group, hopes to solve London's traffic and pollution problem with an electric car rental service.
The Department of Justice has opened a criminal probe of the General Motors recall, according to Reuters, reports CNBC's Phil LeBeau.
NEW YORK/ WASHINGTON/ DETROIT, March 11- Federal prosecutors are examining whether General Motors is criminally liable for failing to properly disclose problems with some of its vehicles that were linked to 13 deaths and led to a recall last month, according to a source familiar with the investigation.
*Interpol says doubts "terrorist incident". KUALA LUMPUR, March 12- Malaysia's military believes a jetliner missing for almost four days turned and flew hundreds of kilometres to the west after it last made contact with civilian air traffic control off the country's east coast, a senior officer told Reuters on Tuesday.
NBC's Keir Simmons reports on the search for Malaysia Airlines Flight 370.
WASHINGTON, March 11- Deborah Hersman, who headed the U.S. National Transportation Safety Board during high-profile investigations into plane crashes and other transit mishaps, said on Tuesday she would leave the agency in April.
KUALA LUMPUR/ NEW YORK/ LONDON, March 12- I nvestigators trying to solve the disappearance without trace of a Malaysia Airlines jetliner face an extremely rare challenge that could hinder their efforts: they lack the powers of a formal air safety investigation.
General Motors is hiring two outside law firms to oversee its ignition switch recall investigation. CNBC's Phil LeBeau reports on The New York Times' article blasting NHTSA.
Mary and Leo Ruddy's daughter was tragically killed in 2010 when her Chevy Cobalt suffered what the family believes was an ignition switch failure while driving. Mary Ruddy says "we have no answers, and there has been no closure for our family." They never would have bought the car if they'd known about the ignition switch issue, they say.
"It's highly probable this plane could be inland in a jungle environment," says former NTSB investigator Greg Feith, discussing the search for missing Malaysia flight MH370.
CNBC's Bob Pisani and Dominic Chu break down Nike's reported $1 billion sponsorship deal with Manchester United and discuss the rise in the usage of mass transit.
Vueling and Iberia became the latest European airlines to allow to the use of electronic devices during all stages of a flight.
American Airlines will end agreements covering ticketing, baggage handling and frequent-flyer programs with JetBlue Airways.
MALABO, March 10- On land cleared of tropical forest, gleaming new office towers, apartment blocks, homes and highways dazzle the eye in Equatorial Guinea, Sub-Saharan Africa's No. 3 energy producer where oil and gas revenues have fed a frenzy of construction.
March 9- The sudden disappearance of a Malaysia Airlines jetliner with 239 people aboard represents one of the rarest kinds of aviation disaster, and the mystery is compounded by uncertainty about which country's jurisdiction the plane came down in.
March 8- The U.S. National Transportation Safety Board said on Saturday it has dispatched a team to Asia to help investigate the crash of a Malaysia Airlines jet early Saturday that is presumed to have claimed 239 lives.
The NTSB team is accompanied by technical advisers from the U.S. Federal Aviation Administration, the U.S. air safety regulator and Boeing Co, which made the 777-200 ER jet that was lost while en route from Kuala Lumpur to Beijing.
NATIONAL TRANSPORTATION SAFETY BOARD TEAM IS EN ROUTE AND ACCOMPANIED BY TECHNICAL ADVISERS FROM BOEING AND U.S.