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Why GM is More Bailout-Worthy Than CitigroupFinancial journalists, most of whom spend more time writing about derivatives than carburetors, have been scathing about the possibility of an auto industry bailout, even though they’ve happily accepted multiple bailouts for the financial sector. Of course, the reality is that bailouts are ...
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12 months ago
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American, Delta drop out of safety program - News- msnbc.comThe nation's two largest airlines have dropped out of a federal safety program that was designed to encourage voluntary reporting of pilot errors before they resulted in crashes. Delta Air Lines Inc. and American Airlines quit the Aviation Safety Action Program, or ASAP, which allows pilots to ...
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12 months ago
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Researcher: Self-driving cars could save U.S. auto industryFor the struggling U.S. auto industry to survive over the long term, Detroit must take back its technology leadership role and start developing self-driving cars, according to a Stanford University researcher. Sebastian Thrun, a professor of computer science and director of the artificial ...
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12 months ago
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2Political Radar: House Panel Backs Waxman Over Dingell As Energy ChairThis is a BIG CHANGE and could be a significant DIFFERENCE for the world as well as the US - Kyoto, alternate energy / clean power initiatives and funding, energy independence, real and meaningful auto mileage and emissions standards, etc.JDP added to Transportation Unbounded 12 months ago
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India destroys pirate boat while tanker owners in talks | U.S. | ReutersAn Indian warship destroyed a pirate ship in the Gulf of Aden and gunmen from Somalia seized two more vessels despite a large international naval presence off their lawless country. The buccaneers have taken a Thai fishing boat, a Greek bulk carrier and a Hong Kong-flagged ship heading to Iran ...
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12 months ago
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Tuberculosis: A new pandemic? - CNN.comMany people think of tuberculosis as being a disease from the past. The truth is far from it: Tuberculosis is mutating into dangerous new strains for which there is no known cure. XDR-TB stands for extensively drug-resistant TB. The drug resistant strand is a highly contagious airborne disease. ...
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12 months ago
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Deutsche Post to cut 9,500 jobs in US - Yahoo! NewsDeutsche Post AG will close all of its DHL Express service centers in the U.S., cut 9,500 jobs there and eliminate U.S.-only domestic express shipping by land and air, the company said Monday, citing heavy losses and fierce competition.
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12 months ago
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GM, Ford losses worse than expected, burning cash | U.S. | ReutersGeneral Motors Corp and Ford Motor Co reported far deeper-than-expected quarterly losses on Friday and said their rate of cash burn had accelerated, as an extended slump in car sales raised questions about the future of the U.S. auto industry.
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13 months ago
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Chrysler cash drains away as crisis deepens: sources | U.S. | ReutersChrysler LLC is rapidly burning through cash and being driven to prepare for a possible break-up if it can't clinch a merger with General Motors Corp or get government funding needed to ride out the economic crisis, people with knowledge of the situation said.
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13 months ago
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Officials: EU, US Agree On Air Cargo Screening, Officials: EU, US Agree To Standardized Screening For Cargo On US-bound Commercial Flights - CBS NewsThe European Union has agreed to meet U.S. standards for air cargo screening on half of U.S.-bound passenger flights by February and all flights by 2010, U.S. government officials said Thursday. This fulfills an important post-Sept. 11 recommendation intended to lower the threat of a terrorist ...
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13 months ago