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  • Kerkorian Boosts Ford Stake to 6.49% Thursday, 19 Jun 2008 | 7:54 AM ET
    Ford

    Billionaire investor Kirk Kerkorian's Tracinda reports it has increased its ownership stake in Ford Motor Co. to 6.49 percent from 5.5 percent.

  • FedEx Posts Loss, Gives Weak 2009 Forecast Wednesday, 18 Jun 2008 | 11:05 AM ET
    FedEx

    Package delivery company FedEx Wednesday forecast a weak fiscal 2009 after posting a quarterly loss it blamed on rising fuel prices, an ailing U.S. economy and a previously announced write-down.

  • Shippers Don't See China's Boom Ending Soon Wednesday, 18 Jun 2008 | 10:33 AM ET

    The soaring demand for oil and steel in the developing world, particularly in China, is a huge plus for the world's ocean-shipping industry, according to executives of shipping companies Genco and Teekay.

  • FedEx Earnings Preview: All About Oil and the Economy Tuesday, 17 Jun 2008 | 2:03 PM ET
    Paul Jespersen Chavez maneuvers his cart as he makes deliveries along his route in Portland, Ore.

    High fuel prices and a lackluster economy aren't making life easy for FedEx, but that doesn't mean the shipping giant can't make money.

  • Ford Truck Plants Going Into Car-Building Business Wednesday, 11 Jun 2008 | 1:18 PM ET
    Ford announced today that it is cutting production by 21% resulting in downtime at the assembly plant in St. Thomas Ontario on Friday Aug. 18, 2006. Ford Motor Co. announces sharp cuts in its North American production that would force it to partially shut down plants in the U.S. and Canada in the fourth quarter. (AP Photo/Canadian Press, Geoff Robins)

    Ford Motor is assembling a plan to retool its North American truck plants to build cars in a bid to keep up with changing consumer demand in the United States, the Detroit News reported Wednesday.

  • Chrysler Boss: Cerberus Not Second-Guessing Deal Wednesday, 11 Jun 2008 | 4:14 AM ET

    Chrysler Chief Executive Robert Nardelli said Tuesday that the private equity buyers of auto maker Chrysler weren't second guessing their decision to buy Chrysler, and that the business was ahead of target.

  • plane_4769.jpg

    The airline industry will lose $2.3 billion this year because of hikes in oil prices, the world airlines group said Monday, revising its earlier forecast of a collective industry profit.

  • Energy Outrage: Mass Transit Mess Friday, 30 May 2008 | 6:33 PM ET
    graphic_fast_money.jpg

    What's the capitalist solution to our mass transit mess and how do you trade it?

  • Automakers Expected to Post Big Sales Drop for May Friday, 30 May 2008 | 4:42 PM ET
    Woman looks at new Toyota Camry on dealer lot

    Major automakers are expected to post steep declines in U.S. sales for May, as the spike in gasoline prices battered an industry already reeling from weak consumer confidence and tighter credit.

  • Kerkorian's Ford Tender Offer on Track Despite Slump Friday, 30 May 2008 | 11:10 AM ET
    Ford

    Billionaire investor Kirk Kerkorian will move ahead with his tender offer for Ford shares despite a recent slump in the No. 2 U.S. automaker's stock, pushing shares up as much as 3 percent.

  • GM Says 19,000 U.S. Factory Workers Take Buyouts Thursday, 29 May 2008 | 2:42 PM ET
    General Motors

    General Motors said about 19,000 U.S. factory workers—just more than a quarter of its American blue-collar work force—had taken buyouts to leave the automaker.

  • $4 Gas Has Consumers at 'Tipping Point': AutoNation CEO Thursday, 29 May 2008 | 11:24 AM ET

    AutoNation CEO Mike Jackson joined the CNBC 'Squawk Box' crew to discuss the effects higher gasoline prices are having on the automotive industry and consumers.  Americans, he said, have finally reached the "tipping point" at four dollars a gallon.

  • Ford to Cut Up to 12% of Salaried Jobs Wednesday, 28 May 2008 | 8:57 AM ET

    Ford Motor plans to cut its U.S. salaried work force by up to 12 percent after its turnaround plan stalled because of the downturn in the U.S. economy, the Detroit News reported Wednesday.

  • American Airlines Details First Round of Flight Cuts Tuesday, 27 May 2008 | 6:40 PM ET
    American Airlines aircrafts.

    Route cuts at American Airlines will start with discontinuing some long-haul service, including Chicago flights to Honolulu and Buenos Aires, the carrier said on Tuesday.

  • Ain't No Stopping The Globe Thursday, 22 May 2008 | 6:14 PM ET

    Emerging markets need petroleum to fuel their progress. But with crude surging to new highs how much longer can they withstand oil’s super-spike?

  • Ford No Longer Sees 2009 Profit, Cuts Production Thursday, 22 May 2008 | 4:36 PM ET
    ford_logo_chart.jpg

    Ford Motor warned on Thursday that it no longer expects to meet a key target of returning to profitability in 2009 and would cut production through this year in response to a slumping U.S. auto market.

  • Rail Stocks: Ride Oil Prices & Coal Fever Tuesday, 20 May 2008 | 3:16 PM ET

    The golden age of the railroad is back, says Gary Kaminsky. The Neuberger Berman managing director says "the rail story" is a key to America's economy now -- and he told CNBC which rail stocks his firm holds.

  • Limited Airline Options For Travelers Monday, 19 May 2008 | 9:16 AM ET
    chinarising_badge.jpg

    U.S. Olympic fans looking to fly to Beijing  for the summer games will find a limited choice of options originating from the US, but they'll find a spanking new airport terminal and light rail line.

  • UAW Urges Adoption of Axle Deal to Angry Workers Monday, 19 May 2008 | 4:06 AM ET

    United Auto Workers officials Sunday urged American Axle & Manufacturing Holdings workers to ratify a contract that would cut wages by almost 40 percent, shutter three plants and end a three-month-old strike with a subsidy of $218 million from General Motors.

  • fedex_truck_OQ_5.jpg

    FedEx's reduction of its profit outlook because of high fuel costs and weak demand is a bad omen for small US trucking companies.