PHOENIX _ Swift Transportation Co. on Wednesday reported fourth-quarter net income of $58.5 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share. Swift Transportation shares have dropped 5 percent since the beginning of the year.» Read More
The government is providing a fresh $3.8 billion cash infusion to stabilize GMAC Financial Services as it struggles with hefty losses in its home mortgage unit.
Markets rose on Tuesday after reports showed consumer confidence improved and home prices stabilized. Can stocks continue upward in 2010? Jerry Castellini, president and CIO of CastleArk Management, shared his market outlook.
In ways large and small, the Department of Homeland Security, once again, is struggling to strengthen an aviation security system it has already spent $40 billion rebuilding since the terror attacks of 2001. The New York Times reports.
With so much focus on job creation, there is a huge elephant in the Recovery Act room: fraud and waste. According to the Association of Certified Fraud Examiners, organizations lose seven percent of annual revenues to fraud. If you apply that metric to the Recovery Act, that's $55 billion dollars.
United States airlines have cut back on all but the most basic services in recent years — for most passengers. But for their very best customers, some airlines are providing extra perks and creating new tiers of status to make them feel special.
Each year, the editors of Automobile Magazine convene to test, evaluate, and debate the performance, significance, and pure enthusiast appeal of the cars that make the biggest impact.
The Obama administration took aim Monday at tarmac horror stories, ordering airlines to let passengers stuck in stranded airplanes to disembark after three hours.
General Motors is naming Microsoft's Chris Liddell as its new chief financial officer. GM is going outside the company to replace current CFO Ray Young, who is being transferred to China
Though some progress has been made with electric and hybrid vehicles, battery technology remains deficient, especially for the critical long-haul segment of the business.
Shipping company and economic barometer FedEx reported quarterly earnings in line with earlier guidance on Thursday, but its projections for profit in the current quarter were well below expectations. Arthur Hatfield, transportation analyst at Morgan Keegan, shared his reactions to the firm’s earnings.
Boeing finally got its new 787 jetliner into the air Tuesday, more than two years after originally intended. Roger King, airline analyst at CreditSights.com, shared his outlook on the sector.
General Motors plans to repay roughly $8 billion in debt to the United States and Canada by June, a faster payback of the first portion of its bailout than the automaker previously committed to make.
The transports are a good gauge of the market, Cramer says. Find out his favorite.
A spacecraft designed to rocket wealthy tourists into space as early as 2011 was unveiled Monday in what backers of the venture hope will signal a new era in aviation history.
General Motors Chairman Ed Whitacre Jr. says he is putting engineering chief Mark Reuss in charge of GM's North American operations in a management shakeup.
There's a change at the top for General Motors as the U.S. government (and the Board) flexes its muscles and dictates company policy. As we have said on many occasions, assistance from the U.S. government comes with a high price and lack of independence is at the top of the list. So Fritz is out.
GM abruptly fired CEO Fritz Henderson Tuesday, saying it wanted to chart a new course as it continues restructuring. "The board decided—and Fritz agreed—that it was time to make some changes,'' a GM spokesman said.
US auto sales edged higher in November, led by an outsized gain for Hyundai and mixed results for rivals in a trend automakers said pointed to a grudging recovery in the U.S. economy.
Well, as best the Mad Money host can anyway. No doubt stocks are sending some mixed messages.
More people were late with their auto loan payments in the third quarter as job losses continued, but amid rising delinquencies there are positive signs for the economy in certain states.