Nov 26- Puerto Rico's public transit system will shut down on Monday if lawmakers do not increase a tax on oil, the U.S. commonwealth's Government Development Bank said, in what would be a major escalation of the island's debt crisis. The possible shutdown of Puerto Rico's buses and commuter train services threatens a fragile economy and would be a further blow to...» Read More
An attorney for General Motors urged a bankruptcy judge Thursday to approve the automaker's sale plan, saying that the only other alternative would be a liquidation of the company's assets.
With one day left in the quarter, the Dow and S&P ended in positive territory as fund managers snapped up winners in an attempt to embellish their portfolios.
The Mad Money host highlights the trends that he thinks will dominate the third and fourth quarters.
A bankruptcy judge on Thursday ruled that a group representing General Motors salaried retirees cannot form a formal committee to negotiate with the automaker as it attempts to reorganize and emerge from Chapter 11 as a new company.
Desperate times have led to desperate measures in New York City: Barclays has bought the naming rights to a bustling subway station in Brooklyn. The escalating corporatization of the city has led some New York Yorkers to wonder where it will end — when the Big Apple becomes the Big iPod?!
Carry your own luggage to the plane, slide one pound ($1.65) into a slot to use the toilet while airborne, pay more charges for fuel, have staff working for free for one month.
Miners and train and bus company Stagecoach Group were big gainers on the London Stock Exchange in morning trading Wednesday.
General Motors has notified its U.S. white-collar workers that it plans to cut about 4,000 more jobs by the end of the year.
The Energy Department is lending money to the Ford Motor from a $25 billion fund to develop fuel-efficient vehicles, congressional officials said Monday.
A closely watched study of new vehicle quality says Ford, General Motors and Chrysler have improved, but they still lag behind foreign competitors like Toyota.
Amazon announced a new Kindle today, only three months after Kindle 2 came out, and I am furious. Three months?
So avoid these two stocks for now. Plus, get calls on the transports, school-loan firms and more.
If you’re a bull we might be rapidly approaching your exit. Powerful indicators suggest a correction is coming.
It's your turn to vote on what you think is the worst US city for road rage! Also, check out our slideshow that lists the ten worst as reported in a recent survey!
Day two of the Paris air show and Monday's terrible weather seems to have lifted. The question is has it lifted the mood of those here at Le Bourget?
Two years ago here at the Paris Airshow the sun was shining, the champagne corks were flying and the fizz was flowing as the orders rolled in for Airbus and Boeing. Wind the clock forward to now and the story is very different.
Although GM and Chrysler’s bankruptcy may be playing into Ford Motor’s strong June numbers, "it’s really our products that are getting the best reviews they’ve ever gotten," said William Ford, executive chairman of Ford Motor in a live interview on CNBC.
This is the 100th Paris Airshow but the aviation industry has little to celebrate. The grey weather here at Le Bourget really sums up to mood of most CEOs in the industry and it's extremely unlikely that we will see the flurry of aircraft orders normally associated with the event. The tragic news associated with Air France 447 is also casting a long shadow and is likely to dominate many of Airbus' scheduled events.
With money rotating out of tech and energy are these two scorching sectors starting to cool down?
For the first couple of days after his flight ditched into the Hudson River, Paul Jorgenson was just glad to be alive. But then he started to need his laptop, his wallet, his car keys - all the essentials he had stowed under his seat and left behind in the sinking plane.