BRIDGEPORT, Conn., May 19- Thousands of Connecticut commuters should brace for travel chaos on Monday as Metro-North workers repair damage on the United States' busiest rail line caused by the collision of two trains, officials warned on Sunday.» Read More
ESSEN, Germany, May 7- Germany's Hochtief AG has agreed the 1.1 billion euros sale of its airports division, ending a lengthy quest for a buyer and giving fresh impetus to a strategy rethink led by its CEO appointed just six months ago.
*Iran reliant on shipping for many imports. Feeder services, which transport ship containers to Iran especially from larger ports in the United Arab Emirates, are also used.
May 7- Three months ended March 31.
Fitch Ratings has assigned Far-East Capital Limited S.A.' s USD500m 8% notes due 2018 and USD300m 8.75% notes due 2020 a final senior unsecured rating of' B+' with a Recovery Rating of' RR4'. The notes are guaranteed by the majority of the operating subsidiaries of the Far-East Shipping Company PLC.
LONDON, May 07 Fitch Ratings has assigned Far-East Capital Limited S.A.' s USD500m 8% notes due 2018 and USD300m 8.75% notes due 2020 a final senior unsecured rating of' B+' with a Recovery Rating of' RR4'. The notes are guaranteed by the majority of the operating subsidiaries of the Far-East Shipping Company PLC.
*Hochtief sells airports to Canada's PSP Investment* Deal retroactively takes effect Jan. 1* Hochtief sees no one-off impact on earnings* Shares gain 4.4 percent.
*Hochtief sells airports to Canada's PSP Investment. *Hochtief sees no one-off impact on earnings. FRANKFURT, May 7- Hochtief said it sold its airports unit to Canada's Public Sector Pension Investment Board for 1.1 billion euros, to help fund a shift towards ground transportation and energy infrastructure.
FRANKFURT, May 7- Shares in Hochtief AG rise 3 percent at open on news of Hochtief airports deal.
Shares in Hochtief are seen rising 2.6 percent according to pre-market indications, after the German builder announces a deal to sell its airports business for 1.1 billion euros.
FRANKFURT, May 7- German builder Hochtief. The unit has holdings in airports in Athens, Budapest, Duesseldorf, Hamburg, Sydney and Tirana, said Hochtief, which is controlled by Spain's ACS. Hochtief halted the sale early last year when it was unable to fetch a price of 1.5 billion euros, but revived its efforts later.
NEW YORK, May 6- A handcuffed teenager remained at large on Monday after knocking a New York City police detective to the ground and fleeing into a Manhattan subway station, triggering a manhunt that paralyzed parts of the transit system for 90 minutes, authorities said.
A new TSA boarding pass identifier helps steer qualified Delta, United and US Airways fliers to PreCheck fast lane airport security at 40 nationwide airports.
HONG KONG, May 6- China Shipping Container Lines Co Limited, an international shipping and transportation company, has purchased five vessels from Korea's Hyundai Heavy Industries Co Limited, to boost the competitiveness of the group's fleet.
ISTANBUL, May 6- Shares in Turkish airports operator TAV Holding dropped 7.2 percent to 10.95 lira on Monday, its lower limit for the session, in the wake of its withdrawal from Friday's tender to build and operate Istanbul's planned third airport.
*Shipping industry has a history of support in Congress. During a lobbying blitz in the past month, roughly 130 tugboat and barge operators fanned across Capitol Hill, meeting with lawmakers and congressional staffers.
SAN JOSE CHIAPA, Mexico, May 4- The automotive industry's growing love affair with Mexico was celebrated here on Saturday as Audi executives laid the foundation stone for its first assembly plant in the Americas.
Houston police described Moore's strange behavior leading up to the shooting, beginning on Tuesday when he made romantic advances toward a woman at the apartment complex were he worked as a janitor in Beaumont, Texas. "He, in effect, kidnapped her at gunpoint and wanted her to take him to Houston," said Phil Waters, a Houston homicide detective.
CNBC's Jon Fortt reports on the big business of drones. Many say farming is going to be the biggest market for drones going forward.
One month after rolling out a lease-to-own financing program that generated plenty of attention and bad reviews, Tesla is changing its financing program to be more buyer-friendly.
Drone aircraft is now getting use in commercial applications, reports CNBC's Jon Fortt. The drone industry could create as many as 100,000 jobs.