China to Ban Foreign Investment in Villas
The Chinese government has deemed foreign investment in the construction and management of villas prohibitied.
Sony Mulling 2-Week Shutdown to Save Energy
Sony is considering closing some of its operations in Japan for two weeks during the summer to save energy as Japan copes with a reduced power generation capacity.
EC VP says U.S. airline ownership talks productive
WASHINGTON (Reuters) - Europe is renewing its push for the United States to ease restrictions on foreign ownership of airlines, arguing that access to a steady stream of capital remains a top industry concern.
Manufacturers see improving economy ahead
By Scott Malone and Nick Zieminski
Soaring Fuel Prices Slash Airlines' Profits
Airlines took a hit from skyrocketing fuel prices but were able to offset some of the losses by charging higher fares.
Air Traffic Official Resigns Amid Controversy
The director of the FAA's Air Traffic Organization steps down over a controversy involving sleeping air traffic controllers.
VW motors ahead with MAN-Scania truck merger plan
FRANKFURT (Reuters) - German carmaker Volkswagen formally launched its bid for MAN on Tuesday in a move toward creating Europe's biggest truckmaker.
Gasoline price falls 5.5 cents to 7-week low: Energy Department
WASHINGTON (Reuters) - Gasoline fell to its lowest level in seven weeks and diesel fuel dropped below $4 a gallon for the first time in two months, the Energy Department said on Tuesday.
U.S. should ban rentals of recalled cars: Sen. Schumer
NEW YORK (Reuters) - U.S. Sen. Charles Schumer on Monday called for legislation that would prohibit the rental of cars that had been recalled for safety reasons.
Lockheed's F-35 proposal shows cost creeping up
By Andrea Shalal-Esa
Airbus: We're Upping Production
Airbus said it plans to increase output of its A320 family to a record 42 planes a month -- a move that seals the company's position as the world's largest plane maker and hints at a broader global recovery.
Toyota cars to be driver's "friend" in social network service
TOKYO (Reuters) - Toyota Motor Corp and cloud computing company Salesforce.com Inc will build a social network service that will enable owners to become "friends" with their cars and get friendly, tweet-like reminders for maintenance checks and other notices.
U.S. post has $2.2 billion loss, warns of Sept insolvency
WASHINGTON (Reuters) - The U.S. Postal Service posted a $2.2 billion net loss in its second quarter and said it might be unable to pay its debts by September.
Travel Picks: Top 10 International Music Festivals
The music festival season is just around the corner and whether you're interested in rock, electro-pop, trance, jazz or dance, there's a festival out there to explore.
Japan Aware of 'Chernobyl Solution' Option
Engineers conceded that burying Japan's crippled nuclear plant in sand and concrete may be a last resort.
Boeing supplier concerned over Japan gas supply
By Mariko Katsumura
UAW vying for new GM products in contract talks
By Bernie Woodall
EADS: won't protest "lowball" Boeing tanker deal
By Andrea Shalal-Esa
U.S. Postal Service to cut 7,500 jobs, close offices
WASHINGTON (Reuters) - The U.S. Postal Service said on Thursday it would cut 7,500 jobs and close seven district offices and 2,000 post offices as it handles less mail and faces greater staff costs and competition from FedEx and United Parcel Service .
Chrysler recalls vehicles for engine shutoff risk
DETROIT (Reuters) - Chrysler Group LLC recalled more than 248,000 crossover wagon and minivans because of a defect that could allow the key to slip while driving, causing the engine to shut down without warning.