WASHINGTON, June 19- Forcing a combined American Airlines and US Airways Group to surrender slots at Reagan National Airport would risk fewer flights to small and medium-sized cities, US Airways CEO Doug Parker told lawmakers on Wednesday.» Read More
Under normal circumstances, companies try to put the best face on bad news. But we are not in normal circumstances.
General Motors is not considering bankruptcy despite a sharp downturn in sales and cash position, but the industry needs fast action by the government to prevent a "devastating" impact on the economy, GM Rick Wagoner said on CNBC.
Ford Motor's need for government assistance will depend on how rapidly the economy decelerates, but the company is not in immediate need of immediate help, CEO Alan Mulally told CNBC.
Democrats won a number of key seats in building a larger and more formidable majority in Congress.
The German government on Wednesday approved a stimulus package aimed at helping Europe's biggest economy weather the financial crisis, with measures including tax breaks on new cars and credit assistance for companies.
The obvious and easy first move for President-Elect Barack Obama is to put some money into the automobile industry to save a large number of jobs, financier Wilbur Ross said Wednesday.
Nissan Motor and Suzuki Motor capped a turbulent week for automakers everywhere with their own profit warnings on Friday, as executives predicted a rough ride for the foreseeable future.
Warren Buffett's Berkshire Hathaway has added 825,000 more shares to its Burlington Northern Santa Fe stake, bringing its total holdings to 64,610,418 shares. Those shares were bought two days ago, and are already worth $5 million more than the purchase price. But the longer-term picture isn't as positive.
The governors of six states have sent a letter to federal officials asking that they take "immediate action" to help the troubled domestic automakers.
The company suspended 2009 guidance. How worried should investors be?
Airline customers are cashing in more frequent-flier awards this year, looking to avoid higher fares and believing that miles just aren't worth the same anymore.
Merger talks between General Motors and privately held Chrysler are moving at a faster pace as potential lenders have thrown their support behind a deal between the two U.S.-based automakers, CNBC has learned.
General Motors' shares hit their lowest level in almost 60 years as the U.S. automaker said its year-to-date sales in Europe slid almost 2 percent.
The Fast Money traders told you the bottom won’t be in, until there’s panic like never before. Wait...
Air fares are up, right? The short answer is yes -- 22 fare increases this year. But fares in some cities are flat or even down, as fierce competition keeps airlines from charging as much as they would like.
General Motors Chief Executive Rick Wagoner on Thursday said September U.S. auto sales were running about flat from August as tight credit markets crimp demand.
If you listened to CEO Michael Ward talk, you'd never guess we were on the verge of another Great Depression.
A proposal to fund $25 billion in low interest loans to the auto industry was included on Monday in draft legislation that could be considered by the U.S. Congress later this week.
While the broader market has edged lower over the last two months, FedEx shares are up a whopping 20%. You can thank falling oil prices for some of that gain, but what about the future? Oil prices have fallen in part due to worries about a slowing global economy.
Rising fuel and food costs, the threat of job losses and disputes over pensions and pay are just some of the factors that sparked thousands of disgruntled workers to take action this summer.