Vay operates what’s called a “teledriving” service, where a car is driven remotely by a human rather than by a computer. Vay German startup Vay on Wednesday launched its so-called “teledriving” solution in the U.S. for the first time, putting the company into direct competition with more richly funded and valuable American firms in the … Read more
Alaska Airlines N704AL is seen grounded in a hangar at Portland International Airport in Portland, Oregon, on Jan. 9, 2024. Mathieu Lewis-rolland | Getty Images Boeing on Tuesday appointed retired Admiral Kirkland Donald to serve as a special advisor while the company grapples with the fallout from an Alaska Airlines midflight accident on a 737 … Read more
The crisis in the Red Sea poses serious risks to oil flows and prices could change quickly if tensions lead to a major supply disruption in the Middle East, Chevron CEO Michael Wirth told CNBC on Tuesday. “It’s a very serious situation and seems to be getting worse,” Wirth said in an interview at the … Read more
Lockheed Martin’s Tranche 0 Transport Layer satellites are seen in one of the company’s processing facilities. Lockheed Martin The Pentagon on Tuesday announced about $2.5 billion in contracts will go to L3Harris, Lockheed Martin, and Sierra Space to build satellites for an expanding military system. The U.S. Space Force’s Space Development Agency is having the … Read more
LaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York. Leslie Josephs | CNBC A federal judge blocked JetBlue Airways‘ purchase of budget rival Spirit Airlines, a major win for Biden’s Justice Department, which sued to stop the merger, alleging it would drive up fares for some of the most price-sensitive consumers. … Read more
More than 320 flights have been canceled because of a winter storm that brought snow and freezing temperatures to Denver International Airport in Denver, Colorado, on Jan. 15, 2024. RJ Sangosti | Denver Post | Getty Images Airlines canceled more than 1,800 U.S. flights Tuesday as winter weather continued to disrupt travel for millions of … Read more
A long exposure photo shows the company’s fourth Alpha rocket mission launching from California’s Vandenberg Space Force Base on Dec. 22, 2023. Sean Parker / Firefly Aerospace Investment in the space sector bounced back last year, rebounding closer to the record high of 2021, according to a report Tuesday by New York-based Space Capital. “Investment … Read more
The Maersk Sentosa container ship sails southbound to exit the Suez Canal in Suez, Egypt, on Thursday, Dec. 21, 2023. Stringer | Bloomberg | Getty Images Vessels transiting the Red Sea have faced attacks over the past several weeks from Yemen-based Houthis, prompting shipping companies to change routes, leading to a spike in freight rates. … Read more
Mary Barra, CEO of General Motors, at the New York Stock Exchange, Nov. 17, 2022. Source: NYSE DETROIT — Monday marks 10 years of Mary Barra’s tenure as CEO of General Motors, ushering in a crucial year for the Detroit automaker and for her legacy. Over the past decade, Barra has been a dynamic executive, … Read more
A Hertz Tesla electric vehicle is displayed during the Hertz Corporation IPO at the Nasdaq Market site in Times Square in New York City, U.S., November 9, 2021. Brendan Mcdermid | Reuters Hertz surprised many onlookers last week when the car-rental company announced it would be selling about a third of its global electric vehicle … Read more
