BANGKOK— The head of Thailand's ruling junta may use extraordinary constitutional powers to expedite safety improvements in the aviation sector, which is facing international sanctions, the country's transport minister said Monday. The International Civil Aviation Organization this month designated Thailand's air safety standards as a cause for...» Read More
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.
Ford will likely trade more of its debt for equity, and sell more common stock, so it can improve its balance sheet until the company can become profitable in 2011, said CEO, Alan Mulally on Thursday.
Plus, the Mad Money host offers his top picks for Wednesday and explains the forces behind rising commodity prices.
Underground transportation strikes that are taking place in the UK Wednesday and Thursday could cost the nation £110 million ($180 million).
Chrysler and Italy's Fiat urged the US Supreme Court late Tuesday to move quickly on Chrysler's proposed sale to Fiat, saying their government-brokered deal could still unravel if it doesn't close by a June 15 deadline.
Chrysler headed back to bankruptcy court Tuesday to get a judge to approve the termination of 789 dealer franchises, while Chrysler's plan to become a stronger automaker partnered with Italy's Fiat awaits action by the nation's highest court.
Edward Whitacre, former chairman and CEO of AT&T, will become chairman of General Motors when the company emerges from bankruptcy, said interim Chairman Kent Kresa Tuesday.
The road has been bumpy for automakers, but Hyundai is trying to navigate the potholes by revving up its quality, advertising and perception.
Both General Motors and Chrysler have announced plans to dramatically reduce their networks of thousands of dealers, saying that the moves are needed to cut costs as part of their restructuring efforts.
General Motors will announce the members of its new board of directors "very shortly," CEO Fritz Henderson told CNBC Monday.
Three Indiana state pension and construction funds want the Supreme Court to block Chrysler's sale to Fiat so they can pursue an appeal in hopes of getting a better deal.
A U.S. appeals court said Friday it would conditionally approve Chrysler's sale to Fiat but is keeping the deal on hold until Monday to allow an appeal.
When General Motors emerges from bankruptcy protection, it will technically be a brand new, privately held company, yet it will be more publicly owned than ever, with taxpayers holding a 60 percent stake.
Top executives of bankrupt General Motors and Chrysler defended slashing their dealer networks, telling Congress on Wednesday that eliminating more than 2,300 dealerships was crucial to saving the companies.
Hummer owners are an unusual breed, but a little-known Chinese company's surprise purchase of the American maker of gas-guzzling, military-style SUVs is audacious even by their standards.