NEW YORK— A $29 billion infusion into the city's transportation network, brokered during a political fight that threatened commuters, likely will still leave the nation's largest regional transportation network lagging behind modern systems across the globe but will provide repairs and upgrades needed to keep pace with booming ridership, transit...» Read More
Behind an unmarked door, in a cluttered break room of half-eaten lunches and morale-boosting posters, a dozen Transportation Security Administration officers listened to their airport supervisor deliver another much-needed pep talk that contained the reminder: “I get paid to be paranoid, and so do you.” The New York Times reports.
We are daily discovering the unintended consequences and unforeseen challenges of the new TSA security measures. How does one discreetly notify a TSA agent that one has an external urine bag without broadcasting that little tidbit loud enough for others to hear? A man named Tom Sawyer (no lie) and one TSA agent apparently learned the hard way that it's difficult to keep anything private in the age of underwear bombs.
I had my first backscatter scanner experience Friday at the airport in San Jose. My only real complaint is that it took too long. At first I was excited when I saw a couple of people ahead of me go in wearing jackets.
GM history in the second half of the 20th century is a story of executive arrogance, missed opportunities, poor decision-making and reckless finance.
So a priest, a journalist, and a TSA officer walk into a security line. I know there's a groping joke in here somewhere. But seriously, folks, while I was going through airport security at Burbank Thursday afternoon—no backscatter scanners or enhanced pat downs yet—I went through the line next to a priest.
Automotive industry expert Paul Ingrassia told CNBC Thursday, one day after the successful GM IPO (initial public offering), that it’s time to go long on auto stocks and invest in the industry.
I was warned that Marchionne doesn't "do" interviews in the traditional sense. You have to ambush him, but he always knows you're coming. So me and my crew stood guard on the red carpet outside the brand new Motor Village of Los Angeles to await his arrival. We waited. And waited.
Unless stock markets move sharply this afternoon, GM shares are likely to be priced at $33 apiece later Wednesday—the top of their announced range—as part of the company’s IPO, according to people with knowledge of the matter.
General Motors will return to the public market this week in what is expected to be the largest IPO in US history, and Mike Jackson, CEO of AutoNation, told CNBC the automaker’s comeback will be a transformative moment for the industry.
New scanners allow TSA officers to basically see you naked, and there are concerns about radiation. Critics allege this is the worst kind of funny business.
Here are the opinions of four drivers all living in America's heartland and one Chevy dealer in Indiana. They gave their views on what was once considered the country's greatest brand.
Inside Treasury headquarters on Pennsylvania Avenue, getting rid of the moniker “Government Motors” is more important than wringing every last nickel out of the sale.
General Motors set the terms of its initial public offering Wednesday, boosting shares on offer as expected in what could be the largest US IPO ever.
As General Motors emerges from bankruptcy, does its reputation remain bankrupt? Five people interviewed by CNBC share their views.
To get an idea of which GM models are the most iconic, Karl Brauer, Senior Analyst & Editor-at-Large at Edmunds.com listed his top picks.
China boosted its ambitions to challenge Airbus and Boeing for a slice of a global market worth $1.7 trillion with a 100-plane order for its first commercial jetliner at a lavish ceremony on Tuesday.
Officials are defending new anti-terrorism security procedures at the nation's airports that some travelers complain are overly invasive and intimate.
Should IPO proceeds go back to the taxpayers? How should the IPO be structured? What does the future hold for the automaker? We cover it all in this special report.
It's beginning to look a lot like the nightmare before Christmas. Holiday travel will be more security-intensive this year. Not only are passengers complaining, so are pilots.
Just two years after a taxpayer bailout of General Motors, some average investors won't be able to get shares in GM's IPO, which is expected to be a lucrative investment opportunity.