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Transportation: Leisure

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  • *United States, Germany lack political will to spend. In the United States, an Obama administration proposal to overhaul roads and bridges is stymied in Congress, evidence of the difficulty even wealthy nations may face in deciding between higher debt today and future productivity. Canadian Finance Minister Joe Oliver, speaking to reporters on the sidelines...

  • New York salt mine gets OK for rail line extension Thursday, 9 Oct 2014 | 8:20 AM ET

    GROVELAND, N.Y.— A western New York company has received permission to extend a rail line at its massive salt mine, a move that was opposed by two Seneca Indian nations. The Democrat and Chronicle of Rochester reports that the required permit from the U.S. Army Corps of Engineers has been authorized. American Rock Salt had been seeking approval to extend its rail...

  • The proposal follows the rejection in June of a larger planned venture involving Maersk, MSC and France's CMA CGM by China's Ministry of Commerce on competition grounds. The approval will come into force on Saturday, Richard Lidinsky Jr, Federal Maritime Commission commissioner, told Reuters. The two shippers still need to win over regulators in Europe and...

  • The tie-up was approved after four out of five commissioners at the Federal Maritime Commission voted not to seek further information from the two shippers about the impact of the alliance on exporters and ports. The U.S. approval will come into force on Saturday, Richard Lidinisky Jr, Federal Maritime Commission commissioner, told Reuters.

  • Judge rules for Boeing in whistleblower lawsuit Wednesday, 8 Oct 2014 | 2:04 PM ET

    WICHITA, Kan.— Three former workers at the Boeing plant in Wichita who filed a whistleblower lawsuit against the aircraft maker and one of its suppliers failed to show Boeing defrauded the U.S. government in a $1.6 billion contract, a federal judge ruled Wednesday. District Judge Monti Belot summarily ruled in favor of Boeing and California- based supplier...

  • Service without a smile: Why airlines aren't nice Wednesday, 8 Oct 2014 | 12:51 PM ET

    "Nice-guy" policies may be hurting the financial position of airlines who don't collect additional fees from customers.

  • RIO DE JANEIRO, Oct 8- A year after the epic collapse of his industrial empire, Brazilian tycoon Eike Batista's financial and legal troubles appear far from over. Once worth more than $30 billion and listed as the world's eighth-richest man by Forbes Magazine, Batista says his debts now exceed his assets by $1 billion and the value of his remaining stakes in the oil,...

  • Train derails in Saskatchewan, catches fire Wednesday, 8 Oct 2014 | 6:55 AM ET

    WADENA, Saskatchewan— A Canadian National Railway Company freight train carrying flammable goods derailed in central Saskatchewan on Tuesday and caught fire. The Saskatchewan government said the derailment happened near the small community of Clair. CN spokesman Jim Feeny said the fire is coming from petroleum distillate, which spilled from two of the...

  • Air France puts cost of pilots strike at $600M Wednesday, 8 Oct 2014 | 3:33 AM ET

    Air France put the total cost of last month's two-week pilots strike at 500 million euros ($632 million) on Wednesday.

  • Frequent flyer miles for test drives     Monday, 6 Oct 2014 | 1:25 PM ET

    CNBC's Phil LeBeau provides insight to Cadillac's plan to give frequent flyer miles to people for test drives.

  • DALLAS, Oct 6- The fifth American to contract Ebola in West Africa arrived in the United States for treatment on Monday as the first patient diagnosed with the deadly virus on U.S. soil was in critical condition at a Dallas hospital, officials said. A private plane carrying Ashoka Mukpo, a freelance cameraman for NBC News who contracted Ebola in Liberia, landed in...

  • John Flannery, 53, was appointed president and chief executive officer of GE Healthcare, effective immediately. With 27 years at GE, Flannery most recently was GE's senior vice president of business development, which recently included a key role in the $16.9 billion purchase of the power assets of France's Alstom. Previously, Flannery served as president and...

  • DALLAS/ NEW YORK, Oct 6- The fifth American to contract Ebola in West Africa arrived in the United States for treatment on Monday as the first patient diagnosed with the deadly virus on U.S. soil fought for his life at a Dallas hospital, officials said. A private plane carrying Ashoka Mukpo, a freelance cameraman for NBC News who contracted Ebola in Liberia, landed in...

  • HAVANA, Oct 5- Defense lawyers for a Canadian executive sentenced to 15 years prison in Cuba on bribery and other charges released a raft of documents on Sunday seeking to bolster their case that Cy Tokmakjian was denied a fair trial. Sixteen others including two Canadian employees of his company, the Tokmakjian Group, were convicted and sentenced to terms...

  • HAVANA, Oct 3- Dinners at fancy restaurants, week-long family vacations and a flat-screen TV: the bribes that Cuba accused Canadian businessman Cy Tokmakjian of giving Cuban officials were modest by corruption standards in many developing nations. Tokmakjian's company, the privately held Concord, Ontario- based Tokmakjian Group, says prosecutors failed to...

  • The biggest percentage gains were in airline shares, including JetBlue Airways, up 4.7 percent; Delta Air Lines, up 4.6 percent; and United Airlines, up 4.8 percent. United Airlines said on Wednesday it believed the U.S. Ebola patient flew on its airline from Brussels to Dallas-Fort Worth via Washington on Sept. 20, based on information provided to the airline by...

  • US TRANSPORTATION DEPARTMENT EXPECTED TO RELEASE NEW EBOLA WASTE MANAGEMENT GUIDELINES LATER TODAY-CDC SPOKESMAN.

  • DETROIT, Oct 3- General Motors Co said on Friday it is recalling 524,384 cars and sport utility vehicles globally in two actions dealing with potential latch and loose part issues. GM said it is recalling 430,550 Cadillac SRX and Saab 9-4 X SUVs for possible loose joint and worn threads in the rear toe link assembly that could cause the vehicle to wander at highway...

  • Hop aboard the train trend?     Friday, 3 Oct 2014 | 8:16 AM ET

    Donald Broughton, Avondale Partners senior research analyst, breaks down the freight flows in the railway sector to find the best plays in the space.

  • Air line stocks hit turbulence     Friday, 3 Oct 2014 | 7:43 AM ET

    CNBC's Phil LeBeau reports on the rough week for airliners as massive flight cancellations as Ebola takes it's toll on the industry.