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  • Berkshire's NetJets defeats $500 million IRS tax claim Tuesday, 27 Jan 2015 | 11:08 AM ET

    NEW YORK, Jan 27- NetJets Inc, the private jet-sharing company owned by Warren Buffett's Berkshire Hathaway Inc, has defeated a U.S. Internal Revenue Service lawsuit attempting to recoup more than $500 million of unpaid taxes, penalties and interest. District Judge Edmund Sargus in Columbus, Ohio, said on Monday that the IRS was bound by guidance it gave a NetJets...

  • Dubai's airport operator released figures Tuesday showing that 70.5 million passengers streamed through the sparkling halls of Dubai International last year. Dubai Airports CEO Paul Griffiths predicts Dubai International will handle a record 79 million passengers this year as it offers "more flights connecting more people to more destinations."

  • Heathrow hosted 68.1 million international passengers in 2014, up 1.2 percent, a Heathrow spokeswoman said. A commission is due to make final proposals by this summer, choosing between three options: a third runway at Heathrow, an extension to an existing Heathrow runway, or a second runway at Gatwick Airport. But lack of capacity at Heathrow means we have...

  • Mark Dayton unveiled a plan Monday that would resurface or replace 2,200 miles of roadway, repair 330 bridges and boost funding for local infrastructure projects— but would come at a noticeable cost to taxpayers. His proposal would add a new 6.5 percent tax on gas at the wholesale level and hike license tab fees, with a separate sales tax increase in the Twin...

  • BERLIN, Jan 25- European Transport Commissioner Violeta Bulc called for the introduction of a standardized European-wide road pricing system in comments she made to a German Sunday newspaper. She said there were many different systems in Europe at the moment and this was a burden on car drivers and an obstacle to their mobility. Germany plans to introduce a...

  • DALLAS— A union group is suing American Airlines, claiming supervisors are pressuring mechanics to release planes before they are safe to fly. American Airlines denies the allegations, saying that it complies with federal safety rules. Airline spokesman Casey Norton said American works with the FAA "so that American's maintenance programs, practices,...

  • The order comes after Bridger Pipeline of Casper, Wyoming, announced plans to bury its line deeper beneath the Yellowstone to protect against future accidents. The Department of Transportation order would make that improvement mandatory and require identical action where the line runs beneath the Poplar River in northeast Montana. The Yellowstone is a...

  • Officials warn about New Jersey's roads and bridges Friday, 23 Jan 2015 | 11:10 AM ET

    Chris Christie's transportation commissioner, along with outside groups are stepping up warnings about the dire state of New Jersey's bridges, roads and tunnels. The trust fund brings in about $1.2 billion in revenue, but those funds pay down the program's debt, while new projects are paid for through bonding and cash infusions from the Port Authority of New...

  • SAN CRISTOBAL/ CARACAS, Jan 23- Robbers and looters are targeting trucks carrying food across Venezuela in another sign of worsening shortages that have turned basics like flour and chicken into coveted booty. Crime has long plagued shops and roads in Venezuela, which has one of the world's highest murder rates. Armed National Guard troops have been deployed to...

  • State, contractor still battling over viaduct project Thursday, 22 Jan 2015 | 8:23 PM ET

    SEATTLE— The manager for the troubled Alaskan Way Viaduct replacement project told lawmakers Thursday that the state and the contractor are still battling over tens of millions of dollars in repairs dating back to 2012, but even if the contractor declares bankruptcy tomorrow, the project could still be completed. The state House Transportation Committee...

  • WASHINGTON, Jan 22- The U.S. auto safety regulator plans to change its vehicle safety ratings program to include automatic emergency braking systems, putting pressure on automakers to add those features to new cars and trucks, Transportation Secretary Anthony Foxx said on Thursday. The National Highway Traffic Safety Administration will add the braking...

  • So just who is your Uber driver?  Thursday, 22 Jan 2015 | 2:58 PM ET

    Uber released data breaking down what's attracting drivers to work for the company, with CNBC's Kate Rogers.

  • DETROIT— The U.S. government's auto safety agency wants to add two automatic emergency braking devices to its list of recommended safety features for new-car buyers. But it's unclear when or if the National Highway Traffic Safety Administration will require automakers to put the devices on all new vehicles. The recommendations help to encourage the auto...

  • NEW YORK— The cost of traveling in New York City is going up. Beginning March 22, the cost of a subway or bus ride will increase by 25 cents, to $2.75, under a package of fare increases approved Thursday by the Metropolitan Transportation Authority, the state agency that manages subways, buses, commuter trains, bridges and tunnels in New York City and surrounding areas.

  • UNIONTOWN, Pa.— Several freight cars hauling sand derailed Thursday morning in a southwestern Pennsylvania town, some toppling over just feet away from homes and closing nearby roads. Tom Kolencik said there were minor injuries reported in the derailment, which occurred at about 7:40 a.m., but no details would be released until later in the day.

  • DETROIT, Jan 22- The Obama administration on Thursday will unveil a change to its safety ratings program that awards cars and trucks up to five stars in crash tests, the Detroit News reported. The head of the U.S. National Highway Traffic Safety Administration, Mark Rosekind, said the change in the five-star New Car Assessment program will be announced by...

  • JUNEAU, Alaska— The state of Alaska on Wednesday canceled bids for a ferry terminal update that the Canadian government threatened to block because of a dispute over the use of American steel. The dispute centered on "Buy America" requirements for steel, iron and manufactured products used in projects funded by the Federal Highway Administration.

  • VANCOUVER, Jan 20- Alaska can use an existing British Columbia ferry terminal for several more years if Canada enforces an order blocking so-called "Buy America" purchasing rules from being applied to its reconstruction, a state official said on Tuesday. A $15 million plan to overhaul the Prince Rupert ferry terminal, which is located in Canada, has escalated...

  • HAWTHORNE, Calif.— SpaceX has raised $1 billion from Google and Fidelity in a deal that values the spaceship manufacturer at about $10 billion. The infusion announced Tuesday will give Google Inc. and Fidelity Investments a nearly 10 percent stake in SpaceX, a Hawthorne, California, company that employs more than 3,000 people. Musk, 43, also has publicly talked...

  • Andrew Cuomo unveiled plans Tuesday to fulfill a long-held dream for New York City travelers: a rail link to LaGuardia Airport, one of the busiest airports in the nation. That really is inexcusable, and that is going to change, "Cuomo said in a speech to a gathering of the business group Association for a Better New York in Manhattan. The construction would be managed...