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RUBRIC NEWS : "TRANSPORT"
28 Dec 2009
Hopscotch Air Launches Direct Flights to Canada from Long Island
: Hopscotch Air, the personal, affordable, air limo service, is launching the only direct, competitively priced flights from Long Island to destinations throughout Canada’s eastern ...
28 Dec 2009 10:10
28 Dec 2009 09:53
Obama orders review of US no-fly lists
: President Barack Obama ordered Sunday a review of US no-fly watch-lists and demanded to know how a Nigerian man managed to board a Detroit-bound airliner wearing an explosive device. The system used by US security agencies of lists that become shorter as the risk increases has come under fire since it emerged that the 23-year-old bomb suspect was on one of the terrorist data bases when he ...
08 Dec 2009
08 Dec 2009 10:28
United Splits 50-Plane Order Between Boeing, Airbus
: United Airlines split an order for 50 long-range widebody jets valued at $10 billion between Boeing Co. and Airbus SAS as the U.S. carrier made its first aircraft purchase in 11 years. ...
21 Oct 2009
21 Oct 2009 07:20
Boeing Posts $1.56 Billion Loss After 787, 747 Charge
: Boeing Co. posted a third-quarter loss after $3.5 billion in charges for delays to its new 787 Dreamliner and 747-8 jumbo jet programs and reduced its full- year profit forecast. The net loss was $1.56 billion, or $2.23 a share, compared with net income of $695 million, or 96 cents, a year earlier, the Chicago-based company said in a statement today. The loss was bigger ...
02 Oct 2009
02 Oct 2009 12:38
U.S. Sales May Rise as GM, Toyota See End to ‘Clunkers’ Letdown
: General Motors Co. and Toyota Motor Corp., the biggest automakers in the U.S., said fourth-quarter sales may rise after a letdown from the “cash-for-clunkers” rebates dragged the ...
19 Sep 2009
19 Sep 2009 01:19
Canada Wholesale Sales Rise Most Since 2006 on Autos (Update1)
: Canadian wholesale sales rose at the fastest pace since the end of 2006 on a rebound in automobile trade with the U.S., marking the third report this week to signal a stronger-than-expected recovery from the country’s first recession since 1992. ...
30 Aug 2009
30 Aug 2009 00:16
Maruti Suzuki Plans India Expansion as Car Sales Rise (Update2)
: India’s car sales will accelerate this fiscal year as economic growth helps the country withstand a global slump in automobile demand, an industry group said, spurring Maruti Suzuki ...
29 Aug 2009
29 Aug 2009 01:56
Toyota Will Shut California Plant in First Closure (Update3)
: Toyota Motor Corp. will shut an assembly plant for the first time in its 72-year history after the failure of a joint venture with General Motors Corp. New United Motor Manufacturing Inc. in Fremont, California, will end production of Corolla cars and Tacoma pickups in March 2010, Toyota said in a statement. GM in June said it would end ...
28 Aug 2009
Ford exec says US auto sales rose in August for first time in two years
: A top Ford executive expects industrywide U.S. auto sales to rise for the first time in more than two years this month, thanks largely to the government's Cash for Clunkers ...
28 Aug 2009 17:20
07 Jul 2009
Car parts firm Lear files for bankruptcy protection after getting needed support
: Struggling automotive parts supplier Lear Corp. filed for bankruptcy protection on Tuesday after receiving the support it needed from lenders and bondholders. ...
07 Jul 2009 05:16
02 Jul 2009
02 Jul 2009 05:42
Marchionne Says Chrysler Slows ‘Bleeding,’ Cash Loss (Update2)
: Chrysler Group LLC has slowed the pace at which it uses cash after emerging from bankruptcy on June 10, Chief Executive Officer Sergio Marchionne said. “The question is how quickly we can stop the bleeding. That is priority No. 1,” Marchionne, also CEO of Italian automaker Fiat SpA, said in an interview in New York yesterday. “We ...
22 Jun 2009
22 Jun 2009 06:29
Goldman Junk Credit Nightmare Shared With Morgan Stanley Fades
: The bond market is falling in love again with Goldman Sachs Group Inc. and Morgan Stanley and, for the first time in more than nine months, is giving these Wall Street icons a chance to ...
08 Jun 2009
08 Jun 2009 07:30
Jet Airways May Cut More Capacity as Travel Slumps (Update1)
: Jet Airways (India) Ltd., the nation’s biggest airline by market value, plans to further cut capacity as the global recession saps travel demand. The airline expects to reduce capacity by an additional 10 percent on top of the 30 percent it has already eliminated, Chairman Naresh Goyal said in Kuala Lumpur today. The carrier will add ...
30 May 2009
30 May 2009 09:15
GM Union Ratifies Agreement That May Ease Bankruptcy (Update1)
: General Motors Corp. U.S. employees represented by the United Auto Workers ratified an agreement that may save the automaker $1.3 billion annually and facilitate a quick exit should GM ...
30 May 2009 02:08
GM, Magna Said to Have Reached Framework Opel Pact (Update1)
: General Motors Corp. and Magna International Inc. have reached a framework agreement on a rescue proposal for the Opel unit in Germany, according to two people familiar with the discussions. ...
24 May 2009
24 May 2009 07:18
GM Borrowing Reaches $19.4 Billion With $4 Billion in New Loans
: General Motors Corp. drew $4 billion more in U.S. loans, pushing its government support to date to $19.4 billion, to meet its rising cash needs before a June 1 bankruptcy deadline. ...
05 May 2009
05 May 2009 01:49
Fiat May Spin Off Auto Division If It Buys GM Europe (Update4)
: Fiat SpA, which is taking a stake in Chrysler LLC, may spin off its automobile division following a purchase of General Motors Corp.’s European unit, sending the Italian carmaker’s ...
27 Apr 2009
27 Apr 2009 01:10
Chrysler Reaches Labor Accord With U.S. Union, CAW Ratification
: Chrysler LLC, racing against an April 30 deadline to cut labor costs or face bankruptcy, reached a tentative contract agreement with its biggest U.S. union and won ratification of an ...
22 Apr 2009
Canadian aerospace companies get overall boost from new U.S. defence spending
: Canadian aerospace companies should be breathing a sigh of relief after the Obama administration announced its defence spending priorities, an industry analyst said ...
22 Apr 2009 12:15
07 Apr 2009
07 Apr 2009 03:42
Chrysler Lenders Support $1.5 Billion U.S. Aid to Parts Makers
: Chrysler LLC’s secured lenders agreed to allow the automaker to participate in a U.S. aid program for suppliers, signaling that banks aren’t gearing up for a liquidation, a person ...
11 Mar 2009
11 Mar 2009 07:19
GM UAW Savings Said to Be Double Ford’s $500 Million (Correct)
: General Motors Corp., trying to keep U.S. aid it needs to survive, expects more than double the $500 million savings Ford Motor Co. said it gets with labor changes approved this week, ...
03 Mar 2009
03 Mar 2009 07:15
Lockheed F-22 Poses Early Test of Obama Goals for Defense Jobs
: Factory worker Paul Bartholomew shapes titanium in one of the first steps of building each Lockheed Martin Corp. F-22 fighter jet. Jobs like his may be in peril if President Barack Obama ...
16 Feb 2009
16 Feb 2009 01:15
Obama Rejects ‘Car Czar’; Geithner, Summers Head Team (Update1)
: President Barack Obama opted against naming a “car czar,” instead asking Treasury Secretary Timothy Geithner and White House economic adviser Lawrence Summers to head a task force on ...
18 Dec 2008
U.S. president Bush said to be considering 'orderly' auto bankruptcy
: The White House says a managed bankruptcy for automakers is one option being considered to help save the troubled industry. White House press secretary Dana Perino told reporters today that "we're going to do something." ...
18 Dec 2008 04:33
11 Dec 2008
11 Dec 2008 01:15
GM, Chrysler Short of Time as Senate Debates Rescue (Update1)
: The debate over the automaker bailout in Congress has become a race against the clock. The U.S. House voted 237-170 last night to approve emergency loans for General Motors Corp. and Chrysler LLC, shifting the focus to the Senate, where Republican opposition threatens to ...
21 Nov 2008
21 Nov 2008 02:20
Obama Team Said to Explore `Prepack' Auto Bankruptcy (Update1)
: President-Elect Barack Obama's transition team is exploring a swift, prepackaged bankruptcy for automakers as a possible solution to the industry's financial crisis, according to a person ...
11 Nov 2008
11 Nov 2008 09:52
GM's Skid Quickens as Crunch Raises Bankruptcy Threat (Update4)
: General Motors Corp., burning cash as U.S. sales slide, is being pushed closer to bankruptcy as it waits to learn whether the auto industry will win a new round of government loans. ...
20 Oct 2008
BMW's Mini Plans to Lease 500 Electric Cars in U.S. Next Year
: Bayerische Motoren Werke AG plans to lease 500 electric Mini Cooper small cars in New York, New Jersey and California early next year, stepping up its pace on the fuel- efficient vehicles. ...
20 Oct 2008 05:50
08 May 2008
08 May 2008 06:52
Boeing Unions May Use 787 Delays for Leverage in Contract Talks
: - Boeing Co.'s delayed 787 Dreamliner may give its two main unions extra leverage in contract talks with the world's second-biggest commercial aircraft maker. Machinists and engineers will cite stumbles that have put the 787 at least 14 months behind schedule as proof that Boeing should have given them the work rather than rely on suppliers, ...
23 Oct 2007
CN Rail Net Falls 2.4% on Lumber Slump, Strong Dollar (Update3)
: Canadian National Railway Co., the country's largest railroad, said third-quarter profit fell 2.4 percent on a decline in demand for timber shipments. Net income dropped to C$485 million ($495 million), or 96 cents a share, from C$497 million, or 94 cents, a year earlier, the Montreal-based carrier said today. Earnings matched the 96- ...
23 Oct 2007 05:18
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28 Dec 2009
Obama orders review of US no-fly lists
Hopscotch Air Launches Direct Flights to Canada from Long Island
28 Dec 2009
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