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  • CHICAGO, July 27- Norfolk Southern Corp, the No. 4 U.S. railroad, on Wednesday reported a lower quarterly net profit due to a 7 percent drop in freight volumes, but the results just exceeded market expectations because of cost cutting and efficiency measures. The decline in freight at the Norfolk, Virginia- based company was led by a precipitous 25 percent drop in...

  • CHICAGO, July 27- Norfolk Southern Corp, the No. 4 U.S. railroad, on Wednesday reported a lower quarterly net profit due to a 7 percent drop in freight volumes, but the results just exceeded market expectations because of cost cutting and efficiency measures. The decline in freight at the Norfolk, Virginia- based company was led by a precipitous 25 percent drop in...

  • CHICAGO, July 27- Norfolk Southern Corp, the No. 4 U.S. railroad, on Wednesday reported a lower quarterly net profit due to a 7 percent drop in freight volumes, but the results just exceeded market expectations because of cost-cutting and efficiency measures. The decline in freight at the Norfolk, Virginia- based company was led by a precipitous 25 percent drop in...

  • Norway may spend $25b to build miles of submerged floating tunnels along its fjords to cut down driving times & to eliminate unsightly bridges.

  • KUALA LUMPUR, Malaysia— Malaysia Airlines said Wednesday it has agreed to buy up to 50 Boeing Max planes in a deal worth $2.75 billion as part of its fleet renewal and said it hopes to relist on the stock exchange by 2019.. Bellew, Ryanair's former director of flight operations, took over July 1 from Christoph Mueller, a turnaround veteran who recently resigned...

  • LONDON, July 27- Britain's government has approved a 344 million pounds expansion to London City Airport, finance minister Philip Hammond said on Wednesday. London City is located a few miles east of the Canary Wharf financial district and mostly handles short-haul flights to business destinations within Europe. Hammond is keen to boost investment and...

  • *Airline CEO says aiming to tap capital markets by March 2019. KUALA LUMPUR, July 27- Malaysia Airlines said on Wednesday it had ordered 50 Boeing 737 MAX jets, with firm orders for 25 and rights to purchase 25 more. This is the first major decision by the ailing carrier since Bellew took over from former chief executive Christoph Mueller on July 1.

  • KUALA LUMPUR, July 27- Malaysia Airlines said on Wednesday it had ordered 50 Boeing 737 MAX jets, with firm orders for 25 and rights to purchase 25 more. Malaysia Airlines has been struggling since the disappearance of flight MH370 and shooting down of flight MH17 over eastern Ukraine, both in 2014.. Since then, the airline has cancelled all non-stop flights to...

  • Customers purchase at an Apple store in Beijing, China.

    Apple CEO Tim Cook just hinted at the company's plans with chips, acquisitions, cars and China all in one comment.

  • WASHINGTON, July 26- A driver killed in the May 7 crash of a Tesla Motors Inc car while using Autopilot driving-assist software was exceeding the speed limit, U.S. highway safety investigators said on Tuesday in a preliminary report that did not state a probable cause. The U.S. National Transportation Safety Board said its preliminary findings showed the Model S...

  • Mobileye founders ring the bell at the NYSE

    Shares of Mobileye fell more than 10 percent Tuesday after the software company announced it would not renew a contract with Tesla when it expires.

  • WASHINGTON, July 26- A driver killed in the May 7 crash of a Tesla Motors Inc car while using Autopilot driving-assist software was speeding, U.S. highway safety investigators said on Tuesday in a preliminary report that did not state a probable cause. The U.S. National Transportation Safety Board said its preliminary findings showed the Model S was traveling at...

  • BRUSSELS, July 26- The European Commission will launch an arbitration procedure to resolve a dispute between Norwegian Air Shuttle and U.S. regulators over the budget carrier's wish to fly to the United States from Ireland, two sources said. Norwegian's Irish subsidiary, Norwegian Air International, applied for permission to operate flights to the United...

  • A visitor looks at a PurePower PW1500 aircraft engine manufactured by Pratt & Whitney, a unit of United Technologies Corp., at the Paris Air Show.

    Shares of United Technologies rose more than 2 percent after it reported quarterly earnings that beat analysts' estimates.

  • Data downloaded from the Tesla Model S shows the vehicle was traveling at 74 mph in a 65- mph zone on a divided highway in Williston, Florida, near Gainesville, the National Transportation Safety Board said in a preliminary report. The driver, Joshua Brown, 40, a tech company owner from Canton, Ohio, was using the sedan's cruise control and lane-keeping features at...

  • July 26- WestJet Airlines Ltd's quarterly profit slumped 40.5 percent and the carrier said Tuesday that costs would rise this year due to the timing of maintenance expenses on its widebody aircraft and extra charges incurred on a new London route. Macquarie Capital Markets analyst Konark Gupta said the cost increase was not "overly concerning" as it related to "...

  • BRUSSELS, July 26- The European Commission will launch an arbitration procedure to resolve a dispute between Norwegian Air Shuttle and U.S. regulators over the budget carrier's wish to fly to the United States from Ireland, two sources said. Norwegian's Irish subsidiary applied for permission to operate flights to the United States more than two years ago, but...

  • Shoppers browse produce at the Whole Foods Market

    Shares of Whole Foods fell Tuesday after analysts at Goldman Sachs downgraded the stock from neutral to sell.

  • LONDON— Two Canadian airline pilots charged with being drunk as they prepared to fly a passenger jet on a trans-Atlantic route have been bailed on condition they surrender their passports. Jean-Francois Perreault, who is 39, and 37- year-old Imran Zafar Syed were arrested at Glasgow Airport on July 18, shortly before they were due to fly an Air Transat jet to...

  • However, the airline warned of a rise in costs this year due to "irregular operations" on the London route and the timing of maintenance expenses for aircraft on the route. Macquarie Capital Markets analyst Konark Gupta said the cost increase was not "overly concerning" as it related to "teething issues" on WestJet's new London flights. Firming demand and revenue...

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