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  • TOKYO, March 13- The president of the World Bank said on Friday he welcomed the setting up of the China-backed Asian Infrastructure Investment Bank, a day after Britain became the first Western nation to embrace the institution. The AIIB was launched in Beijing last year and was seen as a rival to the Western-dominated World and Asian Development Bank.

  • LONDON, March 13- Britain said it has sought to become a founding member of the Asian Infrastructure Investment Bank, making it the first Western nation to embrace the China- backed institution, but the United States reacted frostily to the development. Analysts have said it could challenge the Western-dominated World Bank and Asian Development Bank.

  • OTTAWA, March 12- Canada was unable to reach agreement with the United States on whether to require advanced braking systems in new oil tank cars, so the requirement was dropped from a draft of new Canadian tank-car standards, Transport Minister Lisa Raitt said. "We didn't get an agreement with the United States on that issue." The new tank-car standards are meant to...

  • UPDATE 3-Lufthansa says must keep cutting costs Thursday, 12 Mar 2015 | 9:09 AM ET

    *Expects fuel bill to fall to 6 bln euros from 6.8 bln. FRANKFURT, March 12- Stiff competition from rivals in Europe and the Middle East and falling ticket prices mean Lufthansa must keep cutting costs if it wants to remain a global airline, the German carrier said. Lufthansa is being squeezed by competition from budget carriers on routes within Europe and rivals...

  • Why UTC may spin off Sikorsky copter unit: CEO Thursday, 12 Mar 2015 | 8:48 AM ET
    A Black Hawk S-70i helicopter, manufactured by United Technologies Corp.'s Sikorsky Aircraft unit

    Spinning off Sikorsky from UTC would give shareholders a choice between owning two businesses, CEO Gregory Hayes tells CNBC.

  • VW posts record profit on China sales 'success' Thursday, 12 Mar 2015 | 8:01 AM ET

    Skyrocketing sales in China are helping Germany’s Volkswagen Group steal a lead over its other global rivals, CEO Martin Winterkorn told CNBC.

  • Canada: Even the newest oil tank cars are outdated Wednesday, 11 Mar 2015 | 7:33 PM ET

    The Canadian government unveiled tougher new proposed oil tank car standards.

  • OTTAWA, March 11- Canada proposed tough new oil tank car standards on Wednesday and said even improved tank cars coming into service now would have to be off the rails by 2025 at the latest. The announcement comes after a rash of fiery derailments in Canada and the United States, including some that involved the newer, improved rail cars, and as more oil increasingly...

  • March 11- JetBlue Airways Corp said on Wednesday it expects its first-quarter unit revenue to grow between 3 percent and 4 percent from a year ago, in part due to storms shrinking capacity this winter season. The New York- based carrier's forecast topped those of certain peers, with United Continental Holdings Inc expecting unit revenue down 1 percent to up 1...

  • Massive tanker fire near Detroit shuts down I-94 Wednesday, 11 Mar 2015 | 12:52 PM ET
    Screen image from video showing oil tanker crash near Dearborn, Michigan

    An oil tanker and car crash caused a massive explosion on I-94, shutting down traffic in both directions, Detroit News reported.

  • March 11- U.S. airlines are expected to carry more passengers this spring than they have in seven years, Washington- based trade group Airlines for America said on Wednesday. The group estimates that about 134.8 million passengers will travel on U.S. airlines during March and April, up almost two percent compared to the same time last year. Airlines for America "...

  • WASHINGTON, March 10- The U.S. rail industry is pushing the White House to drop a requirement that oil trains adopt an advanced braking system, a cornerstone of a national safety plan that will soon govern shipments of crude across the country. Representatives of large rail operators met with White House officials last week to argue against the need for...

  • NEW YORK, March 10- Boeing Co said on Tuesday that high-density packages of lithium batteries like those used in cell phones and laptops pose fire risks and should not be carried on passenger planes until safer methods for carrying them are developed. Boeing is part of an industry group including other plane makers such as Bombardier Inc and Airbus Group NV, that...

  • WASHINGTON, March 10- The U.S. rail industry is pushing the White House to drop a requirement that oil trains adopt an advanced braking system, a cornerstone of a national safety plan that will soon govern shipments of crude oil across the country. Representatives of large rail operators met with White House officials last week to argue against the need for...

  • March 10- KKR& Co LP is in advanced talks to acquire Air Medical Group Holdings Inc in a deal that could value the U.S. helicopter ambulance company at around $2 billion, including debt, according to people familiar with the matter. KKR, a New York- based private equity firm, has prevailed over other buyout firms in the auction for Air Medical and is now in the final...

  • Overturned tanker spills biodiesel fuel on I-95 Tuesday, 10 Mar 2015 | 11:47 AM ET
    A tanker truck overturned on I-95 in Maryland

    An oil tanker overturned on Interstate 95, spilling biodiesel fuel and causing a five mile traffic pile up, according to NBC Washington.

  • Hundreds of airport security badges lost or stolen Tuesday, 10 Mar 2015 | 8:15 AM ET
    A TSA agent watches an xray monitor while screening luggage at LaGuardia Airport in New York City.

    Hundreds of ID badges that let airport workers roam the nation's busiest hub have been stolen or lost in the last two years, NBC News has found.

  • PHOENIX, March 9- European airlines face further restructuring and consolidation to close a gap in profitability with industry kingpins in North America, aviation experts said on Monday. European airlines are projected to make $10 billion of the $86 billion in profits expected to flow into the industry between 2010 and 2015, with North American airlines...

  • March 9- A series of train derailments in northern Ontario is cause for concern for Canada's transport minister, a spokesman said on Monday, as fires continued to burn where a Canadian National Railway Co train carrying oil went off the tracks on the weekend. The fiery crash was the third incident along the same section of CN track in less than a month, and the second...

  • WASHINGTON, March 9- The U.S. Supreme Court on Monday ducked a major ruling on whether Amtrak, the government-owned passenger rail company, wields too much clout in setting regulations that private freight carriers also must follow. Kennedy wrote that the ruling by the U.S. Court of Appeals for the District of Columbia Circuit was based on the "flawed premise" that...

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