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  • NEW YORK, April 29- Canada's biggest railway struggled to keep some heavily used track in adequate repair even after a string of derailments last year showed the danger of moving oil on poorly maintained track, documents obtained by Reuters show. The third train spilled crude oil in and around a river near the town of Gogama, igniting a fire that burned for days.

  • Go-Jek, a play on the local word for motorbike taxis, has become popular among commuters on the traffic-clogged streets of Jakarta as its phone app removes much of the hassle of finding a driver and negotiating fares. But Go-Jek cannot afford to continue relying on subsidies as "you end up where you run out of money", Go-Jek founder Nadiem Makarim told Reuters on the...

  • DELTA AIR LINES TO PURCHASE 5 PCT OF CLEAR, A BIOMETRIC TECHNOLOGY COMPANY, TO HELP SPEED UP AIRPORT SECURITY- CEO.

  • SHANGHAI, April 29- China Chengtong Holdings Group Ltd, a state-owned transportation firm, will take control of China Railway Material Group Co Ltd and restructure its debt, the State Assets Supervision and Administration Commission said on its website on Friday. One of China Railway Material's subsidiaries requested a trading suspension of its bonds...

  • Mike Simpson, founder and group managing director of Simpson Marine.

    Having established a Hong Kong-based yacht brokerage in 1984, Mike Simpson has been around long enough to know what some of China's wealthiest want.

  • DETROIT— Fiat Chrysler and Google's self-driving car project are in advanced talks to form a technical partnership. The partnership would be the first to match an automaker with Google's 7- year-old autonomous car project, which is now part of the so-called X lab at Alphabet Inc., Google's parent company. Last fall, Google hired John Krafcik, an auto industry...

  • April 28- Fiat Chrysler Automobiles NV is in late-stage talks with Alphabet Inc's self-driving car division for a technology partnership, the Wall Street Journal reported, citing a person familiar with the discussions. The talks have been ongoing for several months, the Journal reported, as Alphabet seeks industry partnerships, offering a deal to sell...

  • April 28- Fiat Chrysler Automobiles NV is in late-stage talks with Alphabet Inc's self-driving car division for a technology partnership, the Wall Street Journal reported, citing a person familiar with the discussions. The talks have been ongoing for several months, the Journal reported, as Alphabet seeks industry partnerships, offering a deal to sell...

  • DETROIT, April 28- U.S. consumers who are under 40 are more open than older people to self-driving cars and their underlying systems, according to a survey released on Thursday by J.D. Power. Consumers also balked at the projected prices on some of the underlying equipment, J.D. Power said. The level of trust in such systems "is directly linked to the level of interest...

  • *Tanker could end up in Latin America- traders. LONDON, April 28- Trading house Trafigura is shipping a rare cargo of gasoline from China to the United States, as the recent weakening of the Asian market after months of stock builds opens up new routes. The tanker Dalmacija is currently sailing across the Pacific Ocean after loading a part cargo at the port of...

  • *Net sales fall 13.5 pct to $10.70 bln vs. est $10.66 bln. The merger is expected to create cost synergies of about $3 billion, the companies have said. "We feel very good that $3 billion in synergies we announced in December is a floor, not a ceiling," he told Reuters.

  • April 28- Dow Chemical Co reported a higher-than-expected quarterly adjusted profit as margins rose to their highest level in more than a decade. "We see strong demand signals in North America, gradual recovery in Europe and ongoing sustainable urbanization in China," Dow Chief Executive Andrew Liveris said in a statement. The company's net income fell to $169...

  • CHATTANOOGA, Tenn. _ Covenant Transportation Group Inc. on Wednesday reported first-quarter earnings of $3.8 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share. Covenant Transportation shares have climbed 31 percent since the beginning of the year.

  • Options include paying for the number of miles a vehicle travels, according to the survey conducted by Kelton Global for HNTB Corp, a transportation consulting firm that works on such projects as managed lanes and mileage-based user fees. Government Accountability Office said last year. With gasoline taxes lagging, the federal Highway Trust Fund has needed...

  • JACKSONVILLE, Fla. _ Patriot Transportation Holding Inc. on Wednesday reported fiscal second-quarter net income of $863,000, after reporting a loss in the same period a year earlier. Patriot Transportation shares have decreased 20 percent since the beginning of the year. Keywords: Patriot Transportation, Earnings Report.

  • *Luxury EVs priced above 60,000 euros won't benefit. BERLIN, April 27- Germany is set to launch a new incentive scheme worth about 1 billion euros to get more consumers buying electric cars as it struggles to meet a target of bringing 1 million of them onto its roads by the end of the decade. Currently Germany, the biggest car market in Europe, has only about 50,000...

  • *Luxury EVs priced above 60,000 euros won't benefit. BERLIN, April 27- Germany will offer incentives for buyers of electric cars worth about 1 billion euros to stoke consumer interest in battery cars as it struggles to meet a target of bringing 1 million of them on to its roads by the end of the decade. "With this, I believe we will be able to give a boost to quickly move...

  • BERLIN, April 27- Germany announced plans on Wednesday to invest a total of around 1 billion euros to promote electric cars, whose number on the roads it wants to bring to 1 million by 2020 from only 50,000 now. "Of this, 300 million euros will be used on the charging infrastructure between 2017 and 2020," Finance Minister Wolfgang Schaeuble said, unveiling the plans...

  • WASHINGTON, April 26- Alphabet Inc's Google unit, Ford Motor Co, the ride-sharing service Uber and two other companies said on Tuesday they are forming a coalition to push for federal action to help speed self-driving cars to market. Sweden- based Volvo Cars, which is owned by China's Zhejiang Geely Holding Group Co, and Uber rival Lyft also are part of the...

  • TORONTO, April 26- Canada's main stock index rose on Tuesday as higher oil prices supported energy stocks, while financial sector and materials stocks also advanced, offsetting losses for railway stocks. The Toronto Stock Exchange's S&P/TSX composite index was up 28.00 points, or 0.20 percent, at 13,823.99, shortly after the open. Seven of the index's 10 main...