Struggling Australian airline Qantas posted a FY14 statutory loss after tax of A$2.84 billion on Thursday, the deepest loss in its history as a public company.» Read More
Norfolk Southern posted a 47 percent rise in third-quarter profit on Wednesday, thanks in part to higher shipments of coal.
Maine’s economy has always been reliant on its wealth of natural resources, and one in particular: water, first as a hub for shipbuilding and dam-powered factories, and now as a site for renewable energy.
Wearing a neck brace as a result of the plane crash he survived in the Alaskan wilderness two months ago, Shaun O’Keefe, EADS North America CEO, told CNBC Friday that he continues to fly because it’s generally safe—safer than traveling in a car.
The United Airlines-Continental merger is good for the industry and also for Southwest, its CEO and chairman Gary Kelly, told CNBC Thursday.
Interest in vintage or collectible motorcycles is still strong despite the weak economy, but, warns one broker. "It’s like buying art. Buy something you like because you may have to live with it.”
Every good movie is filled with drama and plot twists, not unlike the economy right now. And every good movie must have a great soundtrack. So, if you had to create a soundtrack for the economy right now, which song would lead the way? Share your opinion.
Mercedes-Benz is recalling about 85,000 of its 2010 and 2011 cars because of potential steering problems.
U.S. Transportation Secretary Ray LaHood says New Jersey's governor has agreed to take the next two weeks to rethink his decision to cancel a massive NJ-NY rail tunnel project.
According to several trade groups in the trucking industry, there could be a shortage of drivers next year, and the estimates range from 200,000 to as many as 500,000.
Business investment, not government stimulus, will create jobs, Frederick Smith, chairman and CEO of FedEx, told CNBC Friday.
Gov. Chris Christie cited estimates that the project could be more than $2.5 billion over its budget of $8.7 billion, reports The New York Times.
Car rentals are nearly back to 2007 levels, Andy Taylor, CEO and chairman of Enterprise Holding Co., the world’s largest car rental company, told CNBC Friday.
Boeing says one of its 787 test airplanes had some maintenance trouble during its first flight and the pilot chose to land the plane early.
U.S. auto sales in September for GM, Ford, Chrysler as well as Toyota, beat estimates, showing some gains in the still sluggish auto market. GM said Friday that its core brand sales for the month of September were up 22.1 percent compared to estimates of 17.5 percent.
'One-Decision Stocks' are rare, so even to be considered warrants attention. The airline industry has been so successful of late that companies like this airline deserve a careful look.
Looking to rev up slumping sales in the beleaguered golf industry, Callaway announced today a strategic partnership with automaker Lamborghini in the quest to find the strongest, lightest and most durable materials.
Longshoremen remain on strike at ports in New Jersey and New York despite a judge ordering them back to work.
The acquisition of AirTran by Southwest Airlines, two discount carriers, means that Southwest expects robust demand for flights, its CEO told CNBC Monday.
Southwest Airlines said Monday it will buy AirTran for about $1.42 billion. The move will put Southwest in head-to-head competition with Delta Air Lines in Delta's home base of Atlanta.