Transportation

Apple Invests $1B in Chinese Ride-Hailing Service

Apple said on Thursday it has invested $1 billion in Chinese ride-hailing service Didi Chuxing, a move that Apple Chief Executive Tim Cook said would help the company better understand the critical Chinese market.

Boeing's 1Q Profit Hit by Tanker Charge

Dow component Boeing reported an adjusted 1Q profit of $1.74 per share, missing the estimate for $1.82. Revenue for the aerospace company came in at $22.6 billion, beating the estimate for $21.4 billion.

American Air 1Q Profit Beats Estimates

American Airlines reported a first-quarter profit on Friday that exceeded analysts' estimates as cheap fuel continued to prop up its bottom line.

Airlines Will Have to Fight for Slots in Tokyo Again

In the past few years, Delta Air Lines , American Airlines , United Continental , and Hawaiian Holdings have repeatedly clashed about four slots reserved for U.S. airlines at Tokyo's Haneda Airport.

An Uber Alternative for Women Only

A new Uber-like service for women only is set to launch in Boston on April 19. The founder of Chariot for Women says the female-only ridesharing service focuses on safety, employing heavily background-checked women drivers and catering exclusively to women.

Delta Air Profit Tops Expectations

Delta Air Lines on Thursday reported a first-quarter profit above analysts' expectations and forecast a smaller decline in passenger unit revenue for the spring, promising to change its fall flight capacity if necessary to improve the measure.

Canadian Pacific Gives Up on Buying Norfolk Southern

Canadian Pacific Railway said on Monday it had scrapped efforts to buy Norfolk Southern Corp, almost six months after it launched its unsolicited $28 billion bid for the fourth-largest U.S. railroad operator.