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Transportation News
Internet ETFs Suffering The Correction's Sting
YAHOO
Investor's Business Daily - Don't confuse exchange traded funds with mutual funds. ETFs are passive instruments; they sit there fully paid into whatever sector they have defined: silver, China or transportation stocks, for instance.
Transportation News
Services, factory data below expectations
YAHOO
Reuters - Business activity in the U.S. services sector in July and new orders at U.S. factories in June were surprisingly weak, two reports showed on Thursday, signaling that economic growth was decelerating.
Transportation News
Emerson earnings rise 35 percent
YAHOO
Reuters - Diversified manufacturer Emerson Electric Co. on Tuesday reported higher quarterly earnings on strong industrial demand and improved profit margins at four of its five divisions.
Transportation News
Mini Jets To be Certified For Flight By The FAA
AHN
The Federal Aviation Administration (FAA) is expected to issue a provisional certificate for the flights of Eclipse Aviation's E500. It will be the first light, cheap and fast jet of its kind. Acting Transportation Secretary Maria Cino appeared at the annual AirVenture air show in Oshkosh,...
Transportation News
DOT investigating BP valve allegations: paper
YAHOO
Reuters - The Department of Transportation said it is investigating allegations by some workers that two safety valves at BP PLC's oil field in Prudhoe Bay, Alaska, were not working at the time of a large oil leak in March, the Wall Street Journal reported on Friday.
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Transportation News World Bank Offers $1.8 bn For Pakistan Trade Corridor
AHN
The World Bank has agreed to provide $1.8 billion to Pakistan for a $6 billion program to meet domestic transportation needs and provide transit facilities to Central Asia, western China, Afghanistan and Iran.
Sources: AHN
Transportation News G8 seeks oil savings, but no cut in US gasoline use
YAHOO
Reuters - The Group of Eight (G8) rich nations said on Sunday they would take steps to reduce demand for transportation fuels, but the Bush administration came out a big winner as there was no call for big increases in the fuel efficiency of U.S. cars and trucks.
Sources: YAHOO
Transportation News WB To Offer $1.8 Billion To Pakistan For NTC Plan
AHN
The World Bank (WB) has agreed to provide US$1.8 billion to Pakistan for its $6 billion National Trade Corridor (NTC) improvement program to meet domestic transportation requirements and provide transit facilities to Central Asia, Western China, Afghanistan and Iran. A World Bank team that had a...
Sources: AHN
Transportation News US, UK investigate airlines price fixing
YAHOO
Reuters - U.S. and UK authorities have launched an investigation into alleged cartel activity over passenger ticket pricing by British Airways and other airlines, BA said on Thursday.
Sources: YAHOO
Transportation News UK and US launch probe into airlines pricing
YAHOO
Reuters - Britain's Office of Fair Trading (OFT) and the U.S. Department of Justice are investigating alleged cartel activity involving British Airways Plc (BA) and other airlines, BA said on Thursday.
Sources: YAHOO
Transportation News Jobless claims fall by most in 8 mos.
YAHOO
AP - The number of laid off workers filing claims for unemployment plunged last week by the largest amount in eight months, but it might have been a statistical fluke.
Sources: YAHOO
Transportation News Manufacturers make slow, small moves on deal front
YAHOO
Reuters - These are good times for diversified U.S. manufacturers. So why aren't they doing more big mergers and acquisitions?
Sources: YAHOO
Transportation News March factory orders up 4.2 percent
YAHOO
Reuters - New orders at U.S. factories rose a stronger-than-expect­ed 4.2 percent in March amid strong demand for transportation equipment, computers and electronic products, and machinery, government data showed on Wednesday.
Sources: YAHOO
Transportation News Public Transportation Ridership Up
AHN
One side effect of the cost of crude oil and high gas prices are more people taking advantage of the public transport system. AAA reports the average price of a gallon of regular gasoline was $2.91 Monday. USA Today reports Salt Lake...
Sources: AHN
Transportation News Government Will Spend $200 Million To Upgrade Dulles Airport
AHN
Yvonne Lee - All Headline News Staff Reporter Washington, D.C. (AHN) - Transportation Secretary Norman Mineta announces that the federal government will spend $200 million to help build a fourth runway at Washington Dulles airport. Mineta notes that the new runway and additional...
Sources: AHN
Transportation News US transport chief ponders Delta-Northwest merger
YAHOO
Reuters - SHANGHAI (Reuters) -U.S. Transportation Secretary Norman Mineta suggested on Tuesday that a merger between U.S. airlines Northwest Airlines and Delta Air Lines could result from the latest round of industry restructuring.
Sources: YAHOO
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