Democrats failed in their attempt to amend the legislation to retain the flight service as part of the FAA. The failed Democratic amendment to keep air traffic control within the FAA would have made FAA funding mandatory, protecting it from political squabbles over the budget. It would also have required reforms to ensure adequate controller staffing and the...» Read More
Are airliners so automated that pilots are becoming complacent? The New York Times reports.
Ford CEO Alan Mulally said Thursday that the automaker should be "solidly" profitable in 2010 as it recovers from a sharp downturn in the auto industry.
While Boeing and its competitor, Airbus, are locked in a dogfight over passenger-jet domination, a third competitor—China—will impact fortunes of both corporations, industry watchers say.
After years of planning, waiting, and yes, delaying some of the most important programs in its history, 2010 is the year when Boeing will see if it can finally deliver.
Fishermen along the Gulf Coast are unhappy about BP's plan to compensate them for lost wages.
Shipping in and around the Gulf of Mexico is business as usual, in spite of the oil spill, in this heavily trafficked area. But should the oil spill spread, higher shipping rates could result, an analyst told CNBC Monday.
The rental car industry is heating up, as Avis' chairman and CEO sends a letter to top executives at Dollar Thrifty.
The government on Monday confirmed what many travelers might have already suspected: U.S. airlines made a lot more money in fees last year.
GMAC Financial Services Monday posted its first quarterly profit in more than a year and announced plans to rename itself Ally Financial, as the consumer lender aims to put a failed foray into the mortgage business behind it.
A chemical compound that breaks down oil into droplets so that bacteria can eat it may be part of the solution to Gulf of Mexico oil spill.
With the $3B merger between United and Continental announced, one has to wonder what is in store for US Airways.
Machinists at Boeing's St. Louis defense systems plant have authorized a strike if a contract is not accepted before the current agreement expires next month.
David Sokol, a key Warren Buffet lieutenant, told CNBC that it would be a “disaster” if Congress enacted retroactive legislation that voided contracts dealing with derivatives.
China’s car market presents investors with a new, uncomfortable normal. Never before in the history of the automobile has so much demand expanded so quickly for so many years in row. But should they be tempering their optimistic feelings with some good old-fashioned vigilance?
Toyota says it is recalling about 50,000 Sequoia sport utility vehicles from the 2003 model year to fix an unexpected slowing of the vehicle.
GM is running TV ads claiming that they have repaid their government TARP loan of $8 billion and change early. Eight billion? So what is that stock worth asks William Dunkelberg, Economics Professor at Temple University.
United Airlines has an obscure liability to the pension benefit guaranty corporation that could get triggered if the company merges with Continental.
Signs that the economy is recovering are popping up everywhere. Here are a few you might have missed: trucker shortages, fancy pens and "jerk" insurance!
Walk through the massive Beijing Auto Show 2010 and you know immediately that the race for clean energy cars leadership in China is officially on. But is the Chinese consumer ready?
Employers who operate in the 14 states where pot is now legal as a prescription painkiller are struggling to reconcile zero-tolerance drug policies with a patient’s right to get high.