NAIROBI, Dec 3- Kenya began work on a $653 million expansion of the capital's main airport on Tuesday, the second large-scale infrastructure project it has launched in a week aimed at boosting trade and cementing its status as a regional commercial hub.» Read More
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A U.S. federal appeals court Thursday threw out planned federal fuel economy standards for many sport-utility vehicles, minivans and pickup trucks.
Millions of Americans will drive their cars to visit family and friends over the Thanksgiving holiday, even though gasoline is above $3.00 per gallon, travel and leisure group AAA said Thursday.
Delta Air Lines, the No. 3 U.S. carrier, said it has established a special board committee to help management review its strategic options, including mergers.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.