UPS Extends Offer Period for TNT Amid Antitrust Hurdles
United Parcel Service is extending the offer period for its $6.28 billion proposed acquisition of TNT Express until Nov. 9.
American Orders 90 New Jets to Update Fleet
American Airlines unveiled deals with Bombardier and Embraer to purchase a total of 90 new 76-seat regional jets, as the company moves to update its fleet after merging with US Airways.
Fiat: No New Debt for Chrysler Buyout
Italy-based Fiat said it has enough cash to buy the portion of Chrysler it doesn't already own without seeking additional financing.
Lehman Brothers Sues Intel Over $1B in Seized Collateral
The bankrupt investment bank is accusing the chip maker of seizing $1 billion in collateral in breach of a swap agreement.
GM's 1Q Results Drive Through Forecasts
The No. 1 U.S. auto maker easily beat expectations despite shrinking North American profits.
ANA Pilots to Undergo 'Resumption' Training in Hopes 787 Returns in June
All Nippon Airways will reportedly put its pilots through training to resume flights in June after Boeing completed more than half of its tests to get its new battery system certified.
Safety Regulators Open Probe of VW SUVs for Lighting Issue
Regulators have opened an investigation into an estimated 61,000 Volkswagen Tiguan sport utility vehicles over complaints of loss of exterior lighting.
Boeing Sees Aircraft Demand Doubling in 20 Years, Widening Need in Asia
Boeing improved its 20-year forecast for airplane demand expecting airlines to need 35,280 new jets worth $4.8 trillion amid an expected increase in demand in Asia.
GM to Build $1.3 Billion Cadillac Plant in China
Chinese authorities have approved a $1.3 billion General Motors plant to make luxury Cadillac cars.
Joining Forces: Advance Auto to Acquire General Parts for $2B
The acquisition is expected to generate annual synergies of $160 million within three years and also boost Advance Auto's EPS.
Officials Call for Safety Review of Honeywell Rescue Beacon
Investigators are examining the battery of an emergency rescue beacon made by Honeywell as a possible cause of Boeing's Dreamliner fire.
Sales of Caterpillar Equipment Remain Sluggish
Caterpillar’s construction and mining equipment continued to face sales headwinds in North America, posting a 9% drop globally in April.
Challenges Await Amazon's Drone Deliveries
Amazon plans to use drones to deliver packages in some cities. The idea is novel, but many hurdles lie ahead.
SpaceX Delays Launch Due to Technical Issue
SpaceX on Wednesday postponed for at least 24 hours the scheduled Florida launch of a Falcon 9 rocket on a satellite-delivery mission and attempted return-landing at sea to allow extra time to chill the rocket's propellant, the company said.
JetBlue Founder Flying New U.S.- Portugal Route
JetBlue founder David Neeleman is rolling out a new trans-Atlantic route.
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Airlines Reporting Record Profits
The major airlines have been reporting a string of record profits. Discover just how much they are benefiting from the enormous drop in fuel costs.
Host of Factors Threaten to Derail Plans for a New Penn Station
New York Gov. Andrew Cuomo's recent announcement to overhaul the transit hub -- which has become an architectural embarrassment in the region -- arguably provokes more questions than answers.
United Parcel Service's 4Q Profit Surges
United Parcel reported an adjusted 4Q profit of $1.57 per share, topping the estimate for $1.42. Revenue for the package delivery company came in at $16.05 billion, missing the estimate for $16.27 billion.
UPS 3Q Profit Climbs on Higher Shipping Volume
UPS said its third-quarter profit more than doubled amid stronger package revenue for domestic and international shipments.


















