Transportation: Leisure
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Airline stocks have flown this year -- rising nearly 30 percent. Brian Stutland, Stutland Volatility Group, weighs in.
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France faces travel chaos on Wednesday as transport unions broaden a nationwide strike against pension changes that President Nicolas Sarkozy has pledged as part of an ambitious plan to reform the economy.
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Major companies such as Chicago-based Marriott International, the Intercontinental Group of Britain, Accor of France and Shangri-La of Hong Kong, have built networks and are expanding aggressively through the country.
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The Olympic games in Beijing are a prime opportunity for US carriers to prove their worth and thus gain greater access to a key growth market.
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Top Western hotel brands are already well established in Beijing and Shanghai – as well as smaller cities – and are boosting their presence, looking to capitalize on the games, which are expected to draw an estimated 2 million visitors.
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Ford Motor has narrowed the auction of its Jaguar and Land Rover brands to three bids, two of them involving Indian companies, people familiar with the matter said Monday.
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Chrysler plans to offer a new round of rebates in December in preparation for what is expected to be a tough sales year in 2008, the Wall Street Journal reported Friday citing people familiar with the matter.
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Shares of US Airways Group led major U.S. airline stocks lower on Thursday, as the sector matched a steep decline in the broader market.
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General Motors said it would book a $39 billion non-cash charge in the third quarter, reflecting the risk of a slower turnaround that could keep it from claiming expected future tax credits in key markets. GM will report third-quarter results on Wednesday.
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Ford Motor agreed to keep three U.S. plants open and pour significant new investment into its other manufacturing facilities as part of a tentative contract with the United Auto Workers, union officials briefed on the deal said on Monday.
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Ford's U.S. sales fell 9.3 percent in October, leaving it slightly behind rival Toyota, which reported a 4.5 percent sales increase for last month.
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U.S. auto sales are expected to have dipped slightly in October, as stepped-up incentive spending by automakers could not totally offset the drag from continued turmoil in the U.S. housing market, analysts said.
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Ford Motor and the United Auto Workers union Tuesday intensified the pace of negotiations for a new labor contract, a person familiar with the talks said.
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Chrysler CEO Bob Nardelli said Monday he has a three-pronged strategy to return the company to profitability that starts with listening to the company's detractors.
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The United Auto Workers union already has seen two strikes and significant dissent in this year's round of contract talks, but the fight could be just beginning as the union turns to its last bargaining partner, Ford Motor.
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Workers represented by the United Auto Workers voted to ratify a four-year contract with automaker Chrysler, the union announced Saturday, capping a close-fought ratification battle that had threatened to scuttle the labor pact.
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Some 2.75 billion passengers will take domestic and international flights by 2011, an increase of 29 percent on the total passenger traffic in 2006, the industry body IATA said on Wednesday.
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Car makers should brace for another tough year in the U.S. market, as the fallout from the subprime mortgages crisis will affect other areas of the economy, Carlos Ghosn, CEO of the Renault-Nissan alliance, told "Squawk Box Europe" Wednesday.
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Toyota said Monday it sold 2.34 million vehicles globally in the July-September quarter, fewer than General Motors' tally, as its U.S. rival regained the lead in the race to be the world's top automaker.
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United Auto Workers members at a major Chrysler assembly plant in St. Louis have overwhelmingly rejected a proposed contract with Chrysler, delivering a setback to union leadership in early voting on the four-year deal. ...But a smaller local at the Chrysler engine plant in Kenosha, Wis., approved the contract by 82 percent.