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, in what would be a major escalation of the island's debt crisis. The possible shutdown of Puerto Rico's buses and commuter train services threatens a fragile economy and would be a further blow to...» Read More
China boosted its ambitions to challenge Airbus and Boeing for a slice of a global market worth $1.7 trillion with a 100-plane order for its first commercial jetliner at a lavish ceremony on Tuesday.
Officials are defending new anti-terrorism security procedures at the nation's airports that some travelers complain are overly invasive and intimate.
Should IPO proceeds go back to the taxpayers? How should the IPO be structured? What does the future hold for the automaker? We cover it all in this special report.
It's beginning to look a lot like the nightmare before Christmas. Holiday travel will be more security-intensive this year. Not only are passengers complaining, so are pilots.
Just two years after a taxpayer bailout of General Motors, some average investors won't be able to get shares in GM's IPO, which is expected to be a lucrative investment opportunity.
Big players are going to profit off the little guy again on the most hotly watched IPO since Google and here's how.
Boeing halted test flights of its 787 Dreamliner on Wednesday, a day after an electrical fire aboard one of its test planes forced an emergency landing in Texas, but said it was too early to tell if the incident would push back the plane's delivery schedule.
The estimate by General Motors Co. of bringing in $11 billion to $13 billion mid-cycle before taxes in the upcoming IPO is on-target, a former company vice chairman, Robert Lutz, told CNBC Wednesday.
One of Cramer’s favorite technical analysts says this bull market still has legs.
Trucks outsold cars by the highest margin in nearly five years in October, a sign the economy may be starting to improve.
Ford beat expectations as GM and Chrysler both handily beat estimates for the month of October, putting some life back into the troubled auto industry, even as Toyota falters.
General Motors will look to sell just over $10 billion worth of common stock and $3 billion of preferred stock in an initial public offering that would shift the U.S. government to a minority shareholder in the top U.S. automaker, people familiar with the matter said.
Security bureaucrats are going to tighten checks at airports following the discovery of two bombs on parcels in cargo planes from Yemen to the US, but this will not necessarily improve things, Michael O’Leary, CEO of Ryanair told CNBC Monday.
Security fears triggered by the air freight bomb plot could increase the costs of global trade and fuel debate over the technology needed to screen packages and who should pay for it, transport officials said on Sunday.
The mail bomb plot stretching from Yemen to Chicago may have been aimed at blowing up planes in flight and was only narrowly averted, officials said Sunday, acknowledging that one device almost slipped through Britain and another seized in Dubai was unwittingly flown on two passenger jets.
A Qatar Airways spokesman says a parcel carrying the mail bomb found in Dubai traveled on two separate passenger planes.
Two volcanoes erupted Thursday on Russia's far-eastern Kamchatka Peninsula, tossing massive ash clouds miles into the air, forcing flights to divert and blanketing one town with thick, heavy ash.
Is there an easier solution to fixing the economy? Should we look at cutting military benefits? Taxing religious property? Selling national park land? Share your opinion.
On some long haul flights to the U.S., Air New Zealand is introducing the Skycouch, which turns a row of three seats in coach into a bed. Some dub it "Cuddle Class", and it debuted earlier this year.
Norfolk Southern posted a 47 percent rise in third-quarter profit on Wednesday, thanks in part to higher shipments of coal.