A special Transportation Department team is examining whether "we have the dial set correctly on risk management and our safety posture in general" throughout the department, especially at the safety administration, said the official, who asked that he not be named as a condition of briefing reporters. The safety agency is part of the Transportation...» Read More
Alan Mulally, Ford Motor's chief executive officer, told CNBC’s “Power Lunch” that the company is on track to make a profit in 2009.
Hey everyone. Here's guest blogger Jeff Mishlove's contest picks for today: Now that Wednesday’s very exciting market has closed, I see that – once again – my recommendations for Tuesday purchases turned out to be quite volatile. Life Cell Corporation was up 4.99%. Anadigics was down 10.72%. American Commercial Lines was down 5.32%. Overseas Shipholding Group was up by 8.55%.
Good morning all. Shi Nisman holds the top spot, and becomes the first contestant to break the $4 million mark on strong Corning earnings. And Greyson Masters takes over the 2nd position, displacing Kevin Boyd, who fell to 19th on a bad gamble with Travelzoo earnings, which fell almost 24% Wednesday.
Railroad company Norfolk Southern reported a lower quarterly profit citing softness in the U.S. economy, in particular the housing and automotive sectors, but beat analysts' forecasts.
Just because the rails business has already enjoyed a good run doesn’t mean you still can’t make some money. Here is Cramer’s second pick for playing the sector.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
There’s more than one way to profit from a stock cycle. With the railroads on the rise, Cramer thinks there’s no time like the present to show you how.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Hey everyone. Here's guest blogger Jeff Mishlove with his contest picks for today. As we said, he'll be posting every day this week with stocks for each day. Here he is: If you followed my recommendations for stocks to purchase last Friday, then you can appreciate that the strategy I use (short squeeze potential combined with earnings announcements and volatility) is designed to detect the big movers.
Here's the latest on what you're doing with stocks for the contest--and what they're doing to you!! It's pretty much dominated by earnings news, both good (LLTC) and bad (YHOO, ESLR). The most active and widely held lists remain the same. And a stock we took a closer look at yesterday, Seagate, had an impact on another stock--and not for the best. Here's the breakdown...
Warren Buffett isn’t the only one interested in railroads. Activist shareholders are eyeing railroad operator CSX, which could be contributing to Wednesday’s surge in the stock, CNBC’s David Faber reported.
This weekend's storms stranded hundreds of passengers at airports and raised fresh debate about whether Congress needs to take up the charge to enact a so-called passenger "Bill of Rights." Ed Mierzwinski, consumer program director at U.S. Public Interest Research Group, told CNBC’s “Morning Call” passengers needs such legislation to protect themselves, but Aaron Gellman, professor of transportation at Northwestern University disagrees.
Thomas Wadewitz, transportation analyst at JP Morgan Chase, told CNBC’s “Morning Call” that railroads should be able to increase rates, making the sector attractive to investors.
Sometimes "good news is bad news" -- and vice versa, according to Andrew Burkly, market strategist at Brown Brothers Harriman. He explained his reasoning to CNBC's Melissa Francis -- and also told her why he prefers equities to commodities.Speaking on "Closing Bell," Burkly took the "bad news" -- weaker economic growth -- and pointed out that the slowdown could lead to "one or two" Federal Reserve rate cuts, which would be "good for P/E ratios."
A French-built high-speed train has broken the world speed record on rail: With a 25,000 horsepower engine and special wheels, the train hit a speed of more than 357 mph. The train’s performance was close -- but was not as fast as the Japanese maglev (magnetic) train that reached 361 mph in 2003. CNBC’s Phil Lebeau joined Erin Burnett on "Street Signs" to discuss why the U.S. can’t -- or won't -- do the same thing.
Carrier service is steadily getting much worse, according to the annual Airline Quality Rating Report released Monday. But the solution remains up for debate; so industry analyst Terry Trippler and consumer advocate Kate Hanni took up the issue, on "Morning Call."
Consider this the next time you're enjoying your in-flight movie and sipping a complimentary Sauvignon Blanc at 30,000 feet: the fuel powering the engines, keeping your jet at cruising altitude and speeding you onwards to your destination is the single biggest cost airlines must bear.
FedEx is taking a hit from the slowing U.S. economy, but CEO Frederick Smith is confident in the company’s business strategy. “While in our next fiscal year we might not hit our long-term average goal of 10% to 15% earnings growth per year, we’ll still have a substantial EPS growth in FY '08 and we’re pretty comfortable with that,” Smith told CNBC’s Maria Bartiromo on “Closing Bell.”
The European Union approved an aviation deal with the United States that opens up restricted trans-Atlantic routes to new rivals, but bowed to British concerns in delaying when the agreement takes effect.
The European Union is expected to give its support Thursday to a deal with the U.S. that should boost the number of people flying across the Atlantic.
FedEx said quarterly profit fell from a year earlier as the U.S. economy grew at a weaker pace than expected. And the package delivery said its fiscal 2008 growth target may be in doubt. "A lot will depend on whether the economy improves from where it is today," CFO Alan Graf said.
Virgin America, the low-cost start-up airline with ties to British entrepreneur Richard Branson, will have to ditch its chief executive and restructure its ownership to win final approval to operate, U.S. officials said Tuesday.