LONDON, April 28- Flying has become less energy intensive than driving, at least in the United States, according to the surprising findings of an analysis of energy consumption by the University of Michigan's Transportation Research Institute. Transporting one person a distance of one mile by aircraft consumed on average the energy equivalent to 2,465...» Read More
General Motors new chief financial officer will be a candidate for the CEO job, and GM expects to bring back hundreds of dealers who lost their franchises, the interim CEO said Wednesday.
S&P regains half of bear market losses. It may not be exciting, but the S&P 500 has gained 1.9 percent in the first two trading days of the year. More importantly, we have retraced 50 percent of the losses in the bear market that occurred from the all-time high for the S&P 500 (1,576 on Oct 11, 2007) to the market low (666 on March 6, 2009). The 50 percent retracement was 1,116.
Jetstar, the budget airline owned by Australia's Qantas Airways, and Malaysia's AirAsia will form a non-equity alliance to cut costs, a sign that even budget airlines were feeling the burden of the aviation industry downturn.
Ford Motor's December sales leaped an adjusted 23.3 percent, far outpacing industry forecasts for the U.S. automaker, while sales at General Motors declined 12.8 percent, slightly worse than expected.
US auto sales are expected to have hit a 30-year low of about 10 million when figures are released today. But partly because of loosening credit.
Airline passengers bound for the United States faced a hodgepodge of security measures across Europe on Monday, and airports did not appear to be following a U.S. request for increased screening of passengers from 14 countries.
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.