Struggling Australian airline Qantas posted a FY14 statutory loss after tax of A$2.84 billion on Thursday, the deepest loss in its history as a public company.» Read More
PITTSBURGH— Ride-sharing company Lyft has satisfied insurance and other requirements to begin operating temporarily in the Pittsburgh area.
Elio Motors wants to revolutionize U.S. roads with its tiny car, which is the same length as a Honda Fit but half the weight. Phoenix- based Elio plans to start making the cars next fall at a former General Motors plant in Shreveport, Louisiana.
WASHINGTON/ CALGARY, Aug 14- Thousands of oil train tankers soon to be deemed obsolete in the United States are unlikely get a second life in Canada's oil sands industry, undercutting a U.S. government forecast that the costly cars will continue in use in the energy sector.
Discussing the runway ahead for airlines and her favorite picks is Helane Becker, Cowen & Company airline analyst.
Aug 14- Berlin has banned car service Uber, which allows users to summon a ride on their smartphone, for not offering drivers and vehicles licensed to carry passengers, or full insurance cover, the German capital said.
MELBOURNE, Aug 14- India's Adani Mining has won state approval to build a rail line for its $15 billion Carmichael coal project in Australia, it said on Thursday, bringing it a step closer towards making a final decision on whether to go ahead with the massive scheme.
Gas prices have fallen every week since the beginning of July. Patrick Dehaan, Gasbuddy.com senior analyst, shares his gas price outlook.
SANTOS, Brazil, Aug 13- Brazilian presidential candidate Eduardo Campos was killed in a plane crash on Wednesday, throwing the October election into disarray and causing big swings in local financial markets.
Mike Isaac, The New York Times tech correspondent, weighs in on the battle between ridesharing adversaries Uber and Lyft.
All is fair, they say, in love and war. And Uber and Lyft, two smartphone-based car services, are most certainly at war. NYT reports.
Car-sharing service Lyft is accusing Uber employees of ordering and cancelling thousands of rides. Investor Kevin O'Leary of "Shark Tank," says it doesn't seem the barriers to entry are high in the segment and valuations may be too optimistic.
Is the Uber opposition "anti-innovation?" Republican National Committee's Sean Spicer, says government is getting in the way of innovation, and provides insight to RNC's support of the tech upstart.
Jason Forcier, A123 Systems CEO, discusses the business of manufacturing and development of lithium-ion batteries and battery systems.
BERLIN, Aug 6- The outbreak of the Ebola virus in West Africa, conflict in the Middle East and a possible trade war with Russia could all hurt air travel this year, a leading industry group said. Nevertheless, France, Germany, Greece and the United States are advising their citizens to avoid traveling to the areas of West Africa worst hit by the virus.
SINGAPORE, Aug 6- Indonesia's Lion Group, which boasts an order backlog of about 500 Boeing and Airbus aircraft, has clinched the first deal for its leasing subsidiary in a key diversification move for one of the world's fastest-growing airlines.
Australia awarded a contract to Dutch firm Fugro to search the sea floor where missing Malaysia Airlines Flight MH370 is believed to have crashed.
American Airlines is dropping meals for premium passengers on some short flights.
*China builders to grab a fifth of LNG ship orders to 2020- ABS. Up to 50 liquefied natural gas tankers, or more than 20 percent of the 225 LNG vessels expected to be added worldwide by the end of 2020, are set to be built in China to deliver gas to its ports, according to estimates from ship safety agency the American Bureau of Shipping.
DETROIT, Aug 1- The U.S. auto industry hasn't appeared so healthy for years. And yet, a minority on Wall Street and in the autos business are seeing reasons to be wary. Among those seeing a glass half empty is Morgan Stanley auto analyst Adam Jonas who says we may be heading towards what he terms "peak auto."
July 31- Canada's Bombardier Inc plans to cut more jobs and halt new hiring to help save costs, it said on Thursday, and added that commercial talks for a Russian assembly plant are ongoing despite sanctions. The European Union, U.S. and Canada have ratchet up sanctions against Russia over the conflict in Ukraine.