WASHINGTON, Dec 11- In the crucial minutes before an Asiana Airlines flight crashed in San Francisco last summer, the pilots voiced concern about the plane's low speed but did nothing to correct it until just before it hit the ground.» Read More
Chrysler said Wednesday it will continue its incentives of zero-percent financing for five to six years on select models through Oct. 1, an offer it initially said would end after the Labor Day weekend.
Canadian Pacific Railway has agreed to buy the Dakota, Minnesota & Eastern Railroad for at least $1.5 billion cash to expand its network and increase access to U.S. Midwest markets.
1sBoeing said Wednesday the first test flight of its new 787 Dreamliner would likely be in the range of mid-November to mid-December, about three months later than originally planned.
It's becoming increasingly apparent that Warren Buffett is in the process of putting a big bet on the Burlington Northern freight railroad. In an SEC filing late tonight, Warren Buffett's Berkshire Hathaway indicates it plans to raise its stake to 17% and it has told Burlington its stake could hit 25%.
Toyota Motor in 2008 will start exporting the ist subcompact car to Europe and halt imports of the Avensis midsize car from the UK to Japan, to deal with the strength of the euro and the sterling against the yen, the Nikkei reported on Wednesday.
Toyota said August U.S. sales fell 2.8%, citing weaker consumer confidence due to a meltdown in subprime mortgages. GM said U.S. sales rose more than 5%.
After "months and months" of increasing auto sales, Toyota Motor threw analysts for a loop when it posted U.S. August results, says Phil LeBeau. The company reported a sales drop of 2.8 percent from the year-ago period -- a "bit of a head-scratcher" for Wall Street.
General Motors on Tuesday said U.S. sales rose more than 5 percent in August, boosted by strong demand for its pickup trucks and sport utility vehicles.
Nissan Motor posted a 6.3 percent increase in August U.S. sales from a year earlier, boosted by gains for its flagship Altima sedan, the automaker's U.S. sales chief said on Tuesday.
It's the day after all the reports of Warren Buffett's Berkshire Hatahway buying some 10.1 million shares of Burlington Northern. CNBC's Becky Quick led the on-air discussion of what the 'Oracle of Omaha' may be up to. Take a listen if you will. (BRK now owns 14.8% of BNI.)
It's finally happening: analysts are lowering estimates on investment banks, just a few days before the quarter closes for many of them. Merrill Lynch's Guy Moszkowski downgrades Bear Stearns, Lehman Bros. because of their greater dependence on debt markets; they note that Merrill and Morgan Stanley are more diversified.
For the third time this month, Warren Buffett's Berkshire Hathaway holding company has reported boosting its stake in the freight railroad Burlington Northern, more evidence that Mr. Buffett sees the stock as undervalued. And this third round of purchases is much bigger than the previous two.
Deutsche Bahn is in a good position to sell a stake in the state-run rail operator in a public stock offering, its chief executive said Thursday.
In a filing with the SEC late today (Friday) reported first by CNBC, Berkshire Hathaway reveals that as the stock price of Burlington Northern fell in recent days, Warren Buffett was adding to his stake in the freight railroad. PLUS More on how Buffett is keeping his 'neutrality' as the great Hillary-Obama battle warms up.
Burlington Northern and two other rail stocks owned by Warren Buffett rallied strongly today (Monday) after another vote of confidence from Mr. Buffett. As we first reported late Friday, Warren Buffett appears to remain bullish on Burlington. His Berkshire Hathaway holding company revealed in an SEC filing that it bought another 1.4 million shares last week at $76.50 and $78.96.
AirTran Holdings Tuesday raised its offer to buy Midwest Air Group by 3 percent, to about $445 million, in a last-ditch bid to win control of the rival airline.
DP World, the world's third-largest container port operator, may this year sell $2 billion of shares in an initial public offering and list the stock in Dubai, Middle East Economic Digest reported.
Burlington Northern shares are picking up speed on Wall Street, after Warren Buffett added to his bet on the railroad. Buffett's apparent optimism on the rails gives Fast Money's Guy Adami an idea. PLUS: Why Geico's Gecko may be going back to Massachusetts.
Warren Buffett's Berkshire Hathaway bought 1.62 million shares of Burlington Northern Santa Fe in the past few days, according to a filing late Tuesday with the Securities and Exchange Commission.
Divers searched for bodies in debris in the murky Mississippi on Saturday as President George W. Bush toured the site of this week's deadly rush-hour bridge collapse and promised quick federal help in rebuilding.