One area of weakness is the ability to prevent and detect unauthorized access to the vast network of computer and communications systems the FAA uses to process and track flights around the world, the report said. The FAA relies on more than 100 of these air traffic systems to direct planes. Keith Washington, a Department of Transportation acting assistant...» Read More
For a company that so many people admire, it would certainly be ironic to see a scandal bring Toyota down. Toyota would then be studied not only for its history of success based on quality, but also as an object lesson on what happens to a brand when integrity is compromised.
Many in Congress and the aerospace industry think NASA is engaging in funny business when it comes to the future of space. The space agency this week is taking a lot of heat for farming out a lot of post-Shuttle work to smaller commercial contractors, so that NASA can focus on Mars. .
Plus, Michael Ward tells us if we can trust that recent dividend boost.
It seems that almost everyone likes JetBlue and some people even claim to love the company. As well they should. JetBlue has taken the bad name out of flying and is proof positive that no condition in business is too dire to turn around.
Ever since his 1996 Toyota Camry shot up an interstate ramp, plowing into the back of an Oldsmobile in a horrific crash that killed three people, Koua Fong Lee insisted he had done everything he could to stop the car.
Fresh from a grueling appearance before Congress, Toyota's chief executive met with Transportation Secretary Ray LaHood on Thursday and pledged "to advance safety to the next level."
Corporate leaders in Japan are affable cheerleaders who solicit everyone's views and avoid confrontation at almost any cost. It's called "nemawashi." U.S. lawmakers are cut-throat partisans who clamor for the spotlight, especially in an election year. It's called politics.
General Motors said Wednesday it will shut down Hummer after its bid to sell the brand to a Chinese company collapsed.
Lawmakers heard a brief, but riveting, description of Toyota's problem with the sudden acceleration of its cars from Rhonda Smith, a Tennessee woman whose Toyota-made Lexus suddenly zoomed to 100 miles per hour as she tried to get it to stop — shifting to neutral, trying to throw the car into reverse and hitting the emergency brake.
The Japanese automaker said it received a subpoena from a federal grand jury in New York seeking documents related to unintended acceleration in its vehicles and the braking system of its Prius hybrid.
UAL has been outperforming, and the options action remains bullish.
Qantas unveiled on Thursday a first-half net profit that slumped 72% from the previous year, triggering an 8 percent slide in its stock.
Toyota said Tuesday it plans to idle production temporarily at assembly plants in Texas and Kentucky while it grapples with massive recalls in the United States.
The Mad Money host explains why, despite a somewhat disappointing quarter, investors should stick with NAT.
Warren Buffett’s company will join the S&P 500 on Friday. Find out why Cramer thinks you should own it.
The Federal Bureau of Transportation said airlines are expect to cancel another 1,000 flights Thursday. Despite the bad weather, are airline stocks worth investing in? Jamie Baker, senior airline analyst at JPMorgan, and Hunter Keay, airline analyst at Stifel Nicolaus, shared their outlooks.
The Federal Aviation Administration is close to wrapping up a two-year investigation of safety violations at American Airlines that could result in one of the largest fines in the agency's history, according to government and industry officials familiar with the investigation.
Many economists say Toyota’s trauma is a wake-up call that Japan needs to understand that its reliance on manufacturing and industrial exports, which served the country so well after World War II, is no longer wise.
Toyota has friends in high places in Washington, including some of the very people now investigating the Japanese automaker.
After several investigations, it was only last week that Toyota owners learned federal regulators, concerned that the company was not taking apparently dangerous defects seriously enough, traveled to Japan in December to light a fire under corporate executives. Meanwhile, millions of Toyotas continued to be driven by drivers unaware of the potential scope of the problem, and the cars continued to be sold.